Environmental Remediation Market Outlook 2022: Top Companies, Trends and Growth Factors Details for Business Development
The environmental remediation market is expected to reach $ 123.13 billion by 2022, at a CAGR of 7.62% between 2016 and 2022. The major reason for the growth of the environmental remediation technology is the increasing demand for environmental protection, growing pollution, stringent government regulations, and demand from various applications such as oil and gas, mining and forestry, automotive, and so on. The use of the environmental remediation technology for eliminating contaminants from soil and groundwater environmental mediums has increased the scope of the environmental remediation market for different applications. However, the slow implementation of environmental protection regulations due to the lack of awareness of various environmental technologies is a major restraint for the market.
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The demand for environmental remediation technology has increased owing to its various functionalities and use in oil and gas and mining and forestry applications for removing toxins or pollutants from the environment. For this, various technologies such as bioremediation, soil vapor extraction, pump and treat, and so on are widely used to provide remediation services for contaminated groundwater and soil. The refined oil can then be resold, thus generating more revenue from waste resources. These factors are likely to propel the growth of the environmental remediation market in the oil and gas application.
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Environmental Remediation Market Drivers
- Increasing government initiatives for environmental protection
- Growing focus on the development of environmentally friendly industries
- Rapid population growth and industrialization in developing countries
Environmental Remediation Market Restraints
- Slow implementation of environmental protection regulations
- High cost of heavy equipment for excavation
- Environmental Remediation Market Opportunities
- Development of advanced remediation technology
- Continuous expansion of the oil & gas industry
Environmental Remediation Market Challenges
- Inconsistency in environmental regulations
This report covers the environmental remediation market in North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The large number of government initiatives for environmental pollution control and adoption of eco-friendly industries are some of the important factors that have contributed to the growth of the environmental remediation market in the APAC region.
The key players in the environmental remediation market profiled in this report are
- Clean Harbors, Inc. (U.S.)
- Golder Associates Corporation (Canada)
- Brisea Group, Inc. (U.S.)
- Entact LLC (U.S.)
- Dredging, Environmental and Marine Engineering NV (Belgium)
- Terra Systems, Inc. (U.S.)
- Environmental Remediation Resources Pty Ltd. (Australia)
- GEO Inc. (U.S.), newterra Ltd. (Canada)
- Weber Ambiental (Mexico)
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Research Coverage:
The report provides a clear analysis for environmental remediation technologies and its requirement across different applications and regions. It aims at estimating the market size and future growth potential of this market across different segments such as environmental medium, technology, applications, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Reasons to Buy the Report:
• This report includes the market statistics pertaining to environmental medium, technology, application, and geography, along with their respective market size.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the environmental remediation market.
• Major drivers, restraints, challenges, and opportunities for the growth of the environmental remediation market have been detailed in this report.
• Illustrative segmentation, analysis, and forecast for the market based on environmental medium, technology, application, and geography have been conducted to give an overall view of the environmental remediation market.
• A detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.
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