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Environmental Remediation Market Insights, Forecast, Growth, Trends 2024-2033
Environmental Remediation Market Insights
As per the report, the environmental remediation market size has grown strongly in recent years. It will grow from $108.27 billion in 2023 to $116.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The environmental remediation market size is expected to see strong growth in the next few years. It will grow to $156.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Industrialization Boom Fuels Demand For Environmental Remediation
The rapid growth of industrialization is expected to propel the growth of the environmental remediation market going forward. Industrialization is the process of shifting a country's or region's economy away from agriculture and towards manufacturing. Increasing industrialization eventually produces several environmental concerns as more gaseous pollutants are emitted into the atmosphere and large volumes of municipal sewage sludge are produced. The rise of industrial effluent discharge has also favored the demand for environmental remediation. For instance, according to a statistical report published in August 2022 by Eurostat, a Luxembourg-based publisher of statistics for the European Union, in 2021, the EU's industrial production increased by 8% over the previous year, 2020. Furthermore, in 2021, the value of sales for industrial production in the European Union was $5429.08 billion (€5 209 billion), up by nearly 14% from $477.45 billion (€4 581 billion) in 2020. Therefore, the rapid growth in industrialization will drive demand for the environmental remediation market.
Technology Takes The Lead In Environmental Remediation Market Trends
Technological advancements have emerged as key trends gaining popularity in the environmental remediation market. Major players operating in the market are developing products with advanced technologies to sustain their position in the environmental remediation market. For instance, in March 2021, AECOM, a US-based infrastructure consulting firm, launched DE-FLUORO. It is a cost-effective and environmentally friendly treatment technology that removes per and polyfluoroalkyl substances (PFAS) from contaminated liquids without producing hazardous waste. DE-FLUORO provides a comprehensive PFAS destruction solution using electrodes and electrochemical oxidation.
The environmental remediation market covered in this report is segmented -
1) By Environment Medium: Soil, Groundwater
2) By Site Type: Private, Public
3) By Technology: Air Sparging, Soil Washing, Chemical Treatment, Bio Remediation, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, In-situ Grouting, Phytoremediation, Pump and Treat,
4) By Application: Mining and Forestry, Automotive, Oil and Gas, Agriculture, Manufacturing, Industrial, and Chemical Processing, Other Applications
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Major companies operating in the environmental remediation market report are Golder Associates, Clean Harbors Inc., Brisea Group Inc., Entact LLC, Terra Systems, Newterra Ltd., Weber Ambiental, Aecom, Jacobs Solutions Inc., DEME NV, Engineer and Maintenance Solutions, HDR Inc., Dredging Corporation of India Ltd., Environmental & Marine Engineering NV, Environmental Remediation Resources Pty Ltd, Tetra Tech, Bristol Industries LLC., Graham Construction & Engineering Inc., In-Situ Oxidative Technologies Inc., Q.E.D. Environmental Systems Ltd., Sequoia Environmental Remediation Inc., Tarmac International Inc., Aegion Corporation, Arcadis NV, Bechtel Corporation, Black & Veatch Holding Company, CH2M HILL Companies Ltd., Fluor Corporation, PARS Environmental Inc. .
Contents of the report:
1. Executive Summary
2. Environmental Remediation Market Report Structure
3. Environmental Remediation Market Trends And Strategies
4. Environmental Remediation Market - Macro Economic Scenario
5. Environmental Remediation Market Size And Growth
…..
27. Environmental Remediation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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