Global Environmental Remediation Market Report: Industry Size, Share, Statistics, Companies, and 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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Environmental Remediation Market Dynamics

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. Remediation services are predicted to be more in demand in countries where there is an increase in regulatory focus or government spending on pollution management, public awareness of or interest in environmental issues, and demand for brownfield cleanup due to planned redevelopment.

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.

Challenge: Complex sites have technical and non-technical challenges

?Even at simple locations, remediation is necessarily challenging. However, complex sites might present both technical and non-technical difficulties, making it difficult for corrective measures to achieve site goals or switch to long-term management within an acceptable amount of time.

The chemical treatment segment is projected to grow at the second highest CAGR in the Environmental remediation market from 2022 to 2027.

Chemical remediation is an in-situ technology in which chemicals are used to extract pollutants from contaminated media. Chemical remediation methods can keep the costs of remediation low as they can be conducted at the site, thus preventing the need to transport soil or water offsite for treatment thus have high growth rate. Several chemical remediation methods are available, including chemical reduction, chemical oxidation, ion exchange, chemical precipitation, carbon absorption, and PFAS (per-and poly-fluoroalkyl substances) treatment.

Oil & Gas Segment to Account for Largest Market Size By 2027

The oil & gas application is projected to grow at the fastest rate during the forecast period due to the high demand for environmental remediation in both these industries. The demand for environmental cleanup using remediation technologies and the growing awareness about environmental protection in industrial areas drive the growth of the oil & gas application in the environmental remediation market.

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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.

5 MARKET OVERVIEW (Page No. - 58)

??? 5.1 INTRODUCTION

??? 5.2 MARKET DYNAMICS

?????????? FIGURE 19 IMPACT OF DRIVERS AND OPPORTUNITIES ON ENVIRONMENTAL REMEDIATION MARKET

?????????? FIGURE 20 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET

?????????? 5.2.1 DRIVERS

??????????????????? 5.2.1.1 Regulatory frameworks are primary pillars of remediation market

??????????????????? 5.2.1.2 Growing focus on development of environment-friendly industries

??????????????????? 5.2.1.3 Rapid population growth and industrialization in developing countries

?????????????????????????????? FIGURE 21 GLOBAL MINING PRODUCTION BY REGION, 2020

?????????? 5.2.2 RESTRAINTS

??????????????????? 5.2.2.1 Slow implementation of environmental protection regulations

??????????????????? 5.2.2.2 High cost of excavation equipment

?????????? 5.2.3 OPPORTUNITIES

??????????????????? 5.2.3.1 Development of advanced remediation technologies

??????????????????? 5.2.3.2 Continuous demand generation from oil & gas industry

?????????????????????????????? FIGURE 22 OIL PRODUCTION BY REGION, 2021

?????????? 5.2.4 CHALLENGES

??????????????????? 5.2.4.1 Inconsistencies in government regulations in many countries

??????????????????? 5.2.4.2 Complex sites have technical and non-technical challenges

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??? 5.3 VALUE CHAIN ANALYSIS

?????????? FIGURE 23 VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY REMEDIATION TECHNOLOGY DESIGNERS AND ENGINEERS

??? 5.4 ECOSYSTEM ANALYSIS

?????????? FIGURE 24 ENVIRONMENTAL REMEDIATION ECOSYSTEM ANALYSIS

?????????? TABLE 2 ECOSYSTEM OF ENVIRONMENTAL REMEDIATION MARKET

??? 5.5 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET

?????????? FIGURE 25 REVENUE SHIFT IN MARKET

??? 5.6 PORTER’S FIVE FORCES ANALYSIS

?????????? TABLE 3 IMPACT OF EACH FORCE ON ENVIRONMENTAL REMEDIATION MARKET

??? 5.7 KEY STAKEHOLDERS AND BUYING CRITERIA

?????????? 5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS

??????????????????????? FIGURE 26 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR APPLICATIONS

??????????????????????? TABLE 4 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR APPLICATIONS (%)

?????????? 5.7.2 BUYING CRITERIA

??????????????????????? FIGURE 27 KEY BUYING CRITERIA, BY APPLICATION TYPE

??????????????????????? TABLE 5 KEY BUYING CRITERIA FOR APPLICATIONS

??? 5.8 CASE STUDY ANALYSIS

?????????? 5.8.1 USE CASE – FORMOSA OIL GAS STATIONS

?????????? 5.8.2 USE CASE – A NORTH AMERICAN AIRPORT

?????????? 5.8.3 USE CASE – SAN FERNANDO VALLEY GROUNDWATER BASIN (SFB) IN LOS ANGELES

??? 5.9 TECHNOLOGY TRENDS

?????????? 5.9.1 COMPLEMENTARY TECHNOLOGY

??????????????????? 5.9.1.1 Nanoremediation

?????????? 5.9.2 ADJACENT TECHNOLOGIES

??????????????????? 5.9.2.1 Microbial remediation

??????????????????? 5.9.2.2 Heterogeneous photocatalysis

??? 5.1 PRICING ANALYSIS

?????????? TABLE 6 COST ESTIMATIONS FOR ENVIRONMENTAL REMEDIATION BY REMEDIATION SITE TYPE VS TECHNOLOGY

?????????? TABLE 7 SERVICE COST RANKING BY TECHNOLOGY TYPE (DESCENDING ORDER)

??? 5.11 PATENT ANALYSIS

?????????? FIGURE 28 PATENT ANALYSIS

?????????? TABLE 8 RELATED PATENTS

??? 5.12 KEY CONFERENCES AND EVENTS, 2022–2023

?????????? TABLE 9 ENVIRONMENTAL REMEDIATION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS

??? 5.13 TARIFF AND REGULATORY LANDSCAPE

?????????? 5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

??????????????????????? TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

??????????????????????? TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

??????????????????????? TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

??????????????????????? TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

?????????? 5.13.2 GOVERNMENT REGULATIONS AND STANDARDS

??????????????????? 5.13.2.1 Government regulations

?????????????????????????????? 5.13.2.1.1 North America

?????????????????????????????? 5.13.2.1.2 Europe

?????????????????????????????? 5.13.2.1.3 Asia Pacific

?????????????????????????????? 5.13.2.1.4 Rest of the World

??????????????????? 5.13.2.2 Standards

?????????????????????????????? 5.13.2.2.1 The Environment Protection Act, 1986

?????????????????????????????? 5.13.2.2.2 The Water (Prevention and Control of Pollution) Act, 1974

?????????????????????????????? 5.13.2.2.3 The National Green Tribunal Act, 2010

?????????????????????????????? 5.13.2.2.4 ATmosphere EXplosible (ATEX)

?????????? 5.13.3 TARIFFS

?????????? TABLE 14 AVERAGE APPLIED MFN TARIFFS ON ENVIRONMENTAL GOODS IMPORTS BY REGION

??????????????????? 5.13.3.1 Negative impact of tariffs on environmental remediation market

??? 5.14 TRADE ANALYSIS

?????????? TABLE 15 EXPORT DATA FOR HS CODE 8430 FOR TOP COUNTRIES (THOUSAND USD), 2017–2021

?????????? FIGURE 29 EXPORT DATA FOR HS CODE 8430 FOR TOP COUNTRIES (THOUSAND USD), 2017–2021

?????????? TABLE 16 IMPORT DATA FOR HS CODE 8430 FOR TOP COUNTRIES (THOUSAND USD), 2017–2021

?????????? FIGURE 30 IMPORT DATA FOR HS CODE 8430 FOR TOP COUNTRIES (THOUSAND USD), 2017–2021