Environmental Remediation Global Market Report 2024

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 growth observed in the historical period in the field of environmental remediation can be attributed to various factors, including the impact of industrial activities leading to contamination, government regulations mandating cleanup efforts, increased awareness and public pressure for environmental protection, initiatives for brownfield redevelopment, and the challenges posed by mining and resource extraction activities. These factors collectively drove the demand for environmental remediation services and technologies during the historic period.

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%. The anticipated growth in the forecast period in the field of environmental remediation can be attributed to several factors, including the need for climate change adaptation, addressing challenges arising from urbanization, the adoption of green building practices, initiatives for ecosystem restoration, the development of renewable energy projects, and ongoing research in phytoremediation techniques. Major trends expected in this period include advancements in water remediation technologies, the integration of sustainable and green technologies in remediation projects, the fostering of public-private partnerships to enhance environmental cleanup efforts, the utilization of remote sensing and monitoring technologies, and the application of artificial intelligence (AI) in data analysis for more effective and efficient remediation processes. These trends collectively contribute to the evolving landscape of environmental remediation in the forecast period.

The environmental remediation market is poised to witness substantial growth due to the rapid industrialization observed globally. Industrial expansion often results in heightened environmental concerns, including increased gaseous emissions and higher volumes of municipal sewage sludge, intensifying the demand for environmental remediation efforts. Eurostat's statistical report from August 2022 revealed a significant 8% surge in the European Union's industrial production in 2021, valued at approximately $5429.08 billion (€5 209 billion), marking a substantial rise from the previous year. This escalating industrialization is expected to drive the demand for environmental remediation services as the need to address contamination and environmental damage intensifies.

The environmental remediation market is experiencing a boost due to augmented funding for environmental restoration initiatives. These financial injections support extensive projects aimed at mitigating environmental contamination. Notably, China Everbright Greentech Limited's investment in June 2021 totaling about $5.07 billion (RMB 32.432 billion) encompasses 131 projects dedicated to processing biomass raw materials, household waste, and hazardous waste. The annual outcome is expected to generate significant electricity and steam supply capacities, reflecting a substantial commitment to environmental remediation and sustainability efforts. This increased funding is anticipated to drive the environmental remediation market's growth trajectory, allowing for broader and more impactful remediation projects worldwide.

Technological advancements have become a prominent trend shaping the landscape of the environmental remediation market. Leading industry players, such as AECOM, are leveraging cutting-edge technologies to develop innovative solutions. For instance, AECOM's introduction of DE-FLUORO in March 2021 represents an eco-friendly and cost-effective treatment technology designed to eliminate per and polyfluoroalkyl substances (PFAS) from contaminated liquids. DE-FLUORO's deployment of electrodes and electrochemical oxidation offers a comprehensive and sustainable approach to PFAS destruction without generating hazardous waste, signaling a significant stride in environmental remediation technology.

Major companies within the environmental remediation sector are directing their efforts towards innovative remediation solutions, particularly focusing on bioremediation techniques, as part of their expansion and sustainability endeavors. Bioremediation solutions are specialized and environmentally friendly approaches utilized for treating pollution, especially in the context of contaminated soil or water. One notable example is the breakthrough unveiled by Allonnia in May 2023. Their pioneering solution, Allonnia 1,4 D-Stroy, showcases the capacity to efficiently degrade up to 99% of 1,4-dioxane present in contaminated groundwater. This innovative solution harnesses specialized microbes, offering a cost-effective and low-maintenance approach that transforms 1,4-dioxane into harmless byproducts, namely water and carbon dioxide. Leveraging a naturally occurring microbe, optimized for versatile deployment in diverse environments, field tests demonstrated exceptional results, showcasing a 99% degradation of 1,4-dioxane. The solution operates without the need for an initial capital investment, utilizing an on-site portable 18-liter stainless steel dispersion vessel. This returnable system precisely administers microbes into the contaminated water, facilitating the interaction that leads to the consumption and neutralization of 1,4-dioxane. Pilot programs conducted in collaboration with Stantec in Orange County, California, exhibited impressive results, eliminating over 90% of 1,4-dioxane from two contaminated wells within an 11-week period.

In July 2021, Sun Capital Partners Inc., known for its focus on environmental safety and public health, completed the acquisition of Environmental Infrastructure Solutions (EIS), a prominent US-based provider of crucial environmental and infrastructure services encompassing abatement, decontamination, and remediation. This strategic acquisition aims to leverage Sun Capital Partners Inc.'s extensive industrial sector expertise to foster growth and capitalize on emerging market opportunities. The partnership will enable Sun Capital Partners Inc. to collaborate closely with the EIS team, aiming to expand operations and capitalize on new avenues within the environmental remediation industry.

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..

Asia-Pacific was the largest region in the environmental remediation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the environmental remediation market during the forecast period. The regions covered in the environmental remediation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the environmental remediation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The environmental mediums targeted in environmental remediation are soil and groundwater. Soil refers to the loose surface layer covering the majority of the ground. Various sites, both private and public, undergo environmental remediation processes, utilizing technologies such as 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, and thermal treatment. Environmental remediation finds applications in various sectors, including mining and forestry, automotive, oil and gas, agriculture, manufacturing, industrial settings, chemical processing, and others. These applications address contamination issues and contribute to the sustainable management of natural resources and environmental protection.

The environmental remediation market research report is one of a series of new reports that provides environmental remediation market statistics, including environmental remediation industry global market size, regional shares, competitors with an environmental remediation market share, detailed environmental remediation market segments, market trends and opportunities, and any further data you may need to thrive in the environmental remediation industry. This environmental remediation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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