In 2023 the global environmental remediation technology market is expected to secure a valuation of US$ 116.5 billion. The global market is expected to grow at a 7.8% CAGR between 2023 and 2033. The market is further anticipated to attain a valuation of US$ 231.8 billion by 2033.
Environmental remediation is the restoration of environmental media such as soil, groundwater, sediment, or surface water that has been polluted by pollutants of any kind and has a detrimental influence on the biological life around it.
Most environmental remediation initiatives worldwide have resulted from government rules and interventions. They are seen as a full-fledged long-term solution to remove toxins from media such as soil and groundwater.
The government typically overlooks the restoration endeavor until the activity is done. Water, solid waste, and aerosols created during oil and gas production and any oil spill are often cleaned using environmental remediation procedures.
Mining chemicals commonly impact soil, necessitating the employment of remedial treatments. Because oil, gas, and mining companies are responsible for the vast majority of soil and groundwater contamination worldwide, governments typically mandate these companies include remediation technologies in their operations.
Key industry players offer a wide variety of services, including remediation technologies, equipment, supplies, reagents, and sales and leasing services. Additionally, remedial efforts are performed under contract, and income is earned by selling the full service.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 7.8% |
| Market Valuation (2023) | US$ 116.5 billion |
| Market Valuation (2033) | US$ 231.8 billion |
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The global demand for environmental remediation technology is projected to increase at a CAGR of 7.8% during the forecast period, reaching a total of US$ 231.8 billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 6.5%.
The expansion of government environmental legislation is a significant factor driving the growth of the worldwide global market. Individuals' growing knowledge of the impacts of hazardous waste on ecology and human life, as well as an increase in local ecology preservation programs, is all factors driving up demand for environmental remediation technology.
Another factor driving the growth of the global market is the increase in environmentally friendly industries. Furthermore, the expansion of the industrial and manufacturing sectors in emerging nations and the expanding population's need for clean water and air are likely to drive the growth of the worldwide market in the coming years.
Rising Environmental Legislation for Environmental Protection is Likely to Drive the Market
The environmental remediation market is expected to expand rapidly, owing to rising environmental legislation for environmental protection and rising pollution. Government rules imposed on oil and gas businesses and mining firms drive expansion in the environmental remediation technology industry.
Rising safety standards for groundwater and soil have brought many new sites to light, now classified as polluted, fuelling income for environmental clean-up businesses. Environmental remediation efforts involving oil or refined oil spills also incorporate actions to market recovered goods, producing additional income in the global market.
Advanced Remediation Technologies are Being Developed to Amplify Market Growth
The nano-remediation technique, which employs nanoparticles for clean-up, is also assisting in identifying and treating environmental pollutants. Nanomaterials and analytical techniques are combined to provide low-cost, simple-to-use, and tiny devices for detecting various environmental pollutants. They also have a high potential for application in treating polluted water, soil, and sediment.
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Expensive Excavating Equipment to Impede Market Growth
When huge volumes of dirt must be removed or disposed of as hazardous or toxic waste, excavation might be the most expensive choice. Heavy equipment such as excavators, bulldozers, loading trucks, and other treatment systems are extremely expensive throughout the excavation and treatment procedures.
Setting up a cleaning machine for soil remediation requires a significant investment. Furthermore, the plant's maintenance costs are quite expensive. These obstacles impede the global implementation of environmental remediation technology.
| Countries | Market Value Share in 2023 |
|---|---|
| United States | 15.9% |
| Germany | 5.1% |
| Japan | 4.0% |
| Australia | 1.0% |
| Countries | Market CAGR Value in 2023 |
|---|---|
| China | 6.7% |
| India | 7.1% |
| United Kingdom | 7.7% |
Rigorous Environmental Rules creating opportunities for Environmental Remediation Technology manufacturers
Because of rigorous environmental rules and a significant number of environmental protection agencies in the area, North America accounts for more than 40% of the Global Environmental Remediation Market sales.
Thus, due to the aforementioned reasons, North America is expected to possess a 30.8% market share in 2023, registering a CAGR of 6.2% for the global market in the assessment period.
Increasing Pollution Levels in ASIA PACIFIC Nations fueling rapid adoption
During the projected period, the environmental remediation market in the Asia Pacific is estimated to develop at the fastest CAGR. Increasing pollution levels in Asia Pacific nations are driving the expansion of the region's environmental remediation industry.
Growing population, industrialization, rising consumption of oil and gas, and implementation of government policies for environment preservation are driving the environmental remediation market in the ASIA PACIFIC region. As a result, the Asia Pacific environmental remediation market is expanding. Thus, Asia Pacific is expected to procure a 13% share of the global market in 2023.
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Bioremediation Technology is the Highly Preferred Technology Type in the Market
Because of the increased demand for this technique for both soil and groundwater remediation, the bioremediation sector is likely to lead the environmental remediation market during the forecast period.
Bioremediation is a biological remediation technique that employs organisms to lessen or eliminate pollution in soil and groundwater. It uses biochemicals and green plants instead of hazardous chemicals, making it a cost-effective and safe technique.
The Oil and Gas Segment is Leading the Global Market
Because of the significant need for remediation solutions to clean volatile organic compounds in this industry, the oil and gas application is likely to continue to account for the share of 25.3% of the global market.
Pollution is linked with several stages of oil and gas production, including wastewater, gas emissions, solid waste, and aerosols created during production and refining, as well as the spilling of oil and petroleum products during transportation.
In the oil and gas business, remediation methods are employed to eliminate impurities such as methane, propane, sulfur dioxide, volatile organic compounds, and other poisons. Thus, by application area, the oil and gas segment is expected to grow at a CAGR of 6% for the global market in the forecast period 2022 to 2032.
The economy and the environment are intimately intertwined human activity is pushing the environment beyond its breaking point. Humans are unable to stop global warming, preserve endangered species from extinction, or even locate a suitable site for habitation at this time.
Fortunately, Earth has not yet reached this point. Environmental remediation technology startups, which exist at the crossroads of business and technology, seek to effect good change on a global scale. Several environmental entrepreneurs are focusing their efforts on finding answers to global issues ranging from plastic waste to renewable energy.
Key startup players in the environmental remediation technology market are:
Bristol Industries, LLC. MWH Global, Inc., Tarmac International, Inc., Sequoia Environmental Remediation Inc., Environmental Remediation Resources Pty Ltd., Entact LLC, GEO Inc, ERSI, Newterra Ltd., Golder Associates Corporation and Clean Harbors, Inc., are some prominent environmental remediation technology manufacturers.
Recent Developments in the Global Market:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Technology Type, Application, Region |
| Key Companies Profiled | Bristol Industries, LLC.; MWH Global, Inc.; Tarmac International, Inc.; Sequoia Environmental Remediation Inc.; Environmental Remediation Resources Pty Ltd.; Entact LLC; GEO Inc.; ERSI; Newterra Ltd.; Golder Associates Corporation; Clean Harbors, Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is set to reach US$ 116.5 billion by 2033.
A CAGR of 6.5% was observed in the market from 2018 to 2022.
GEO Inc., ERSI, and Entact LLC are key players in the market.
A growth of 6% is expected in the application by 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Technology Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology Type, 2023 to 2033
5.3.1. Thermal Desorption
5.3.2. Excavation or Dredging
5.3.3. Surfactant Enhanced Aquifer Remediation (SEAR)
5.3.4. Pump and Treat
5.3.5. Solidification and Stabilization
5.3.6. In Situ Oxidation
5.3.7. Soil Vapor Extraction
5.3.8. Bioremediation
5.3.9. Nonoremediation
5.4. Y-o-Y Growth Trend Analysis By Technology Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Technology Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Oil and Gas
6.3.2. Mining and Forestry
6.3.3. Waste Disposal Sites
6.3.4. Agriculture
6.3.5. Automotive
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Technology Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Technology Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Technology Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Technology Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Technology Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Technology Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Technology Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Technology Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Technology Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Technology Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Technology Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Technology Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Technology Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Technology Type
15.5.2.2. By Application
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Technology Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Technology Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Technology Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Technology Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Technology Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Technology Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Technology Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Technology Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Technology Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Technology Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Technology Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Technology Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Technology Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Technology Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Technology Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Technology Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Technology Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Technology Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Technology Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Bristol Industries, LLC.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. MWH Global, Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Tarmac International, Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Sequoia Environmental Remediation Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Environmental Remediation Resources Pty Ltd.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Entact LLC
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. GEO Inc.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. ERSI
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Newterra Ltd.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Golder Associates Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Clean Harbors, Inc.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Environmental Remediation Technology Market
