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Erosion and Sediment Control Market Size, Top Trends, Outlook Report To 2024 To 2033
Erosion and Sediment Control Market Size
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According to The Business Research Company's, The erosion and sediment control market size has grown strongly in recent years. It will grow from $3.15 billion in 2023 to $3.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to stringent environmental regulations and policies, the rapid expansion of urban areas and infrastructure, demand for control measures to maintain soil health, growing awareness and activism around environmental protection, and increase in construction activity.
The erosion and sediment control market size is expected to see strong growth in the next few years. It will grow to $4.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing frequency and severity of extreme weather events, increasing public and private investment in green infrastructure projects, adoption of sustainable land management practices, growing understanding of the need to conserve water resources, and rising land usage. Major trends in the forecast period include the use of Internet of Things (IoT) devices and smart technologies, development of eco-friendly and biodegradable erosion control products, innovation in materials used for erosion, sediment control techniques and procedures, and product innovations.
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Market Drivers and Trends:
The increasing construction activities are expected to propel the growth of the erosion and sediment control market going forward. Construction activities encompass all tasks and processes in building or modifying structures, infrastructure, and other physical projects. These activities include site preparation (such as clearing and grading), excavation, foundation work, erecting frameworks, installing utilities, and finishing work like roofing, painting, and landscaping. The increasing construction activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Erosion and sediment control measures help the construction industry to effectively manage environmental impacts, ensure regulatory compliance, and promote sustainable development practices. For instance, in February 2024, according to Eurostat, a Luxembourg-based government agency, the average annual building production in the European Union and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Additionally, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, the increasing construction activities drive the erosion and sediment control market.
Major companies operating in the erosion and sediment control market are focused on developing advanced solutions such as online erosion and sediment control to streamline regulatory compliance, enhance efficiency, and provide real-time monitoring and management capabilities for better environmental protection. Online erosion and sediment control applications serve as a centralized platform for various environmental quality applications and services, making it a one-stop hub for users seeking to comply with environmental regulations. For instance, in November 2023, The North Carolina Department of Environmental Quality, a US-based environmental agency, launched AccessDEQ digital hub, an online erosion and sediment control application. The new application simplifies the submission process by asking targeted questions related to specific projects, making it easier for applicants to navigate and track their application status. This initiative aims to streamline and modernize the erosion and sediment control permitting process, which is managed by the Division of Energy, Mineral, and Land Resources (DEMLR).
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Major Key Players of the Market:
Commercial Metals Company (CMC), Contech Engineered Solutions LLC, Naue GmbH & Co. KG, ACF Environmental, ABG Geosynthetics Ltd., Nilex Inc., American Excelsior Company, SMI Companies Inc., Propex Operating Company LLC, Western Excelsior Corporation, L & M Supply Inc., Triton Environmental LLC, Enka Solutions, Construction Eco services, GeoSolutions Inc., Cirtex Industries Ltd., American Textile and Supply Inc., Colonial Construction Materials Inc., SedCatch, Indian Valley Industries Inc., ECBVerdyol, Silt Management Supplies LLC
Erosion and Sediment Control Market 2024 Key Insights:
• The erosion and sediment control market size is expected to see strong growth in the next few years. It will grow to $4.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• The Erosion And Sediment Control Market Is Poised For Growth Driven By the Booming Construction Industry
• Leading Companies In Erosion And Sediment Control Develop Online Applications To Streamline Compliance And Enhance Environmental Protection
• Asia-Pacific was the largest region in the erosion and sediment control market in 2023
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