Global Environmental Remediation Market Report, Industry Size, Share, Statistics & Growth 2027

The Environmental Remediation market is projected to grow from USD 109.3 billion in 2022 to USD 163.4 billion by 2027; it is expected to grow at a CAGR of 8.4% from 2022 to 2027.
The key factors fueling the growth of the market include global and regional mandates for remediation of private and public sites such as mining and forestry, oil & gas, agriculture, automotive, landfills and waste disposal sites, manufacturing, industrial, and chemical production/processing, and construction and land development.

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Driver: Regulatory frameworks are primary pillars of remediation market

Lightly regulated and unregulated emissions from industrial activities, as well as the disposal and management of wastes, particularly toxic industrial wastes, are all major contributors to environmental harm, including previous land and water contamination issues. Most industrialized economies currently struggle with land and water contamination issues, but a significant increase in contamination in the future is not anticipated due to the maturity of industrial operations and regulations. Regulations and their enforcement are one of the main factors driving remediation work; therefore, shifts or anticipated shifts in regulatory focus will significantly impact patterns in demand for remediation services.

Opportunity: Development of new remediation techniques

In recent years, new oxidation techniques that don't create sludge have shown to be quite effective at cleaning up dirty water or wastewater. The panoremediation method, which employs nanoparticles for remediation, streamlines the processes for locating and removing environmental contamination. The development of low-cost, simple-to-use, and miniature devices for the detection of a variety of environmental toxins uses nanomaterials with analytical techniques. They also hold great promise for technologies that purify contaminated sediment, soil, and water. Advanced phytoremediation is a cutting-edge environmental technology that is being used to clean up contaminated locations in Canada. The environmental remediation industry will grow as a result of the development of such technologies.

On the basis of Technology Type market has been segmented as follows:
• Air Sparging
• Soil Washing
• Chemical Treatment
• Bioremediation
• Electrokinetic Remediation
• Excavation
• Permeable Reactive Barriers
• In-situ Grouting
• Phytoremediation
• Pump and Treat
• Soil Vapor Extraction
• In-situ Vitrification
• Thermal Treatment

On the basis of Environment Medium market has been segmented as follows:
• Soil
• Groundwater

The technologically advanced and developed North American region leads the environmental remediation market. North America is also a key market as it is home to some of the largest multinational corporations in this domain, such as AECOM (US), Clean Harbors, Inc. (US), and Golder Associates (US).

The US is the major contributor to the growth of the environmental remediation market in the region as it has a well-established economy that allows the rapid adoption of environmental remediation measures in various applications. The country is expected to dominate the market in the coming years. The increasing government initiatives and funding for environmental remediation technologies to combat pollution and the stringent regulations of the US Environmental Protection Agency (EPA) regarding the concentration of environmental contaminants in the soil and groundwater are the key factors for the growth of this market in North America.

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The key players operating in the environmental remediation market are Golder Associates (a WSP Company) (Canada), Clean Harbors Inc. (US), AECOM (US), Jacobs (US), Tetra Tech (US), DEME NV (Belgium), BRISEA Group, Inc. (BRISEA) (US), ENTACT, LLC (US), Terra Systems (US), Engineering and Maintenance Solutions (EMS) (Australia), and HDR, Inc. (US) among others.

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This release was published on openPR.