The report on the Global Environmental Remediation Market published by Value Market Research stated that the market was valued close to USD 88.2 BN in 2019 and is anticipated to reach USD 146 BN by 2026 with a CAGR of 8% within the forecasted period from 2020 to 2026. The rise in concerns over environmental protection and increasing applications of environmental remediation to remove toxins or pollutants across various end-user industries such as oil & gas, automotive industry, forestry and mining are the key drivers pushing the growth of the global environmental remediation market. Additionally, the growth in the initiatives by the government for environmental protection coupled with the ongoing industrialization worldwide is expected to fuel the growth of the environmental remediation market. However, the high costs of installation of the tools used for excavation and the delay in the implementation of environmental protection regulations may act as a restraint towards the growth of the environmental remediation market.
Environmental remediation is a step that has been taken to reduce radiation exposure from contaminated soil, groundwater or surface water. It is aimed to eliminate radiation sources, protecting people and the environment against potentially harmful effects from exposure to ionizing radiation. The major environmental media such as soil, sediments, groundwater and surface water that have direct interaction and impact on humans and other living organisms are the main target of these procedures. The environmental remediation market mainly aims to clean up and mitigate damages that the current issues like waste disposal, radioactive contamination and chemical disposal could cause. These not only affect humans at a direct level but also the ecology at large.
The report “Global Environmental Remediation Market Report By Environmental Medium (Soil, And Groundwater), Application (Mining And Forestry, Oil And Gas, Agriculture, Automotive, Industrial, Chemical Production/Processing, Construction And Land Development, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market analysis, segmentation based on environmental remediation, application & region and the key players of the global environmental remediation market.
By environmental medium, soil and groundwater are the segments of the global environmental remediation market. The water remediation consists of both groundwater and surface water while soil remediation consists of topsoil, subsoil and sediment. It comprises of ex-situ and in-situ methods as a remediation technology. These technologies have applications in cleaning wastewater, aerosols and solid waste caused due to the production of oil and gas.
By application, mining & forestry, oil & gas, agriculture, automotive, industrial, chemical production/processing and construction & land development are the classifications provided for the global environmental remediation market.
The geographical segmentation of the environmental remediation market mainly focuses on current and forecast demand for environmental remediation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also focuses on the demand for individual application segments in all the regions.
The Report Segments Global Environmental Remediation Market -
By Environmental Medium
Players Profiled In the Report:
Environmental Remediation Resources Pty Ltd., GEO Inc., Clean Harbors, Inc., Golder Associates Corporation, Brisea Group, Inc., Entact LLC, Dredging International, Environmental and Marine Engineering NV, Terra Systems, Inc., Newterra Ltd.
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