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The Global Environmental Remediation Market size is expected to reach $169.6 billion by 2028, rising at a market growth of 8.1% CAGR during the forecast period

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Environmental remediation removes pollutants or toxins from water (including ground and surface water) and soil. These waste materials are eliminated to protect human health and restore the ecosystem.

New York, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Environmental Remediation Market Size, Share & Industry Trends Analysis Report By Site Type, By Technology, By Environment Medium, By Application, By Regional Outlook and Forecast, 2022 - 2028" - https://www.reportlinker.com/p06364493/?utm_source=GNW
Brownfield sites are remediated for reconstruction or to return them to their natural form. The cleanup of sites that have been exploited for hazardous waste disposal presents a particular difficulty. Many of these so-called Superfund sites are governed by federal rules by the Environmental Protection Agency (EPA).

The EPA organizes the cleaning of these sites, mandating that the responsible party either execute the cleanup themselves or compensate the government for EPA-led cleanups. Environmental remediation is heavily regulated and subject to a variety of regulatory standards, which are often based on risk assessments of human health and the environment.

Various environmental media, including soil, sediment, groundwater, and surface water, undergo environmental rehabilitation. Soil remediation covers topsoil, subsoil, and sediment, whereas water remediation encompasses both groundwater and surface water. Depending on the nature and degree of the contamination, soil and water cleanup may be undertaken separately or simultaneously.

Remediation of water is the removal of pollutants from water. Surface water in lakes, streams, and rivers can be polluted by pollutants dumped directly into the water or runoff from the land. Groundwater, the subterranean water that permeates porous material, may get contaminated by toxins that seep through the soil and silt above it. Many regions have experienced groundwater contamination as a result of waste products improperly disposed of or kept on land, where they percolated into the soil and were subsequently transported into the groundwater. The contamination of groundwater has also been caused by industrial activities such as mining and oil and natural gas extraction.

COVID-19 Impact Analysis

The negative consequences of COVID-19 are already apparent, and it has had a significant influence on environmental cleanup efforts in 2020. Exports and imports, manufacturing, tourism, and the financial industry have all sustained significant harm. The emergence of the virus has added risk factors to the already slow economic growth. According to several international organizations, the current economic climate is the most challenging since the financial crisis. Since the pandemic, restrictions on imports and exports have significantly impacted environmental cleanup, since consumer consumption and demand patterns have shifted. Many businesses have delayed or canceled environmental rehabilitation orders, resulting in a decline in demand for environmental remediation services at damaged oil field sites.

Market Growth Factor

The regulatory framework is the foundation of the market

Lightly regulated and uncontrolled emissions from industrial operations, as well as the disposal and management of wastes, especially hazardous industrial wastes, are key contributors to environmental damage, including prior land and water pollution problems. Due to the maturity of industrial operations and laws, it is not expected that land and water pollution will rise significantly in the future in the majority of industrialized nations. Regulations and their enforcement are major drivers of remediation work; hence, adjustments or projected shifts in regulatory emphasis will have a substantial influence on demand patterns for remediation services.

Innovation of Remedial Procedures

In recent years, new oxidation processes that do not produce sludge have shown to be highly successful at cleaning contaminated water and wastewater. Using nanoparticles for remediation, the pan-remediation approach speeds up the procedures of finding and eliminating environmental contaminants. Using nanomaterials and analytical techniques, inexpensive, user-friendly, and tiny devices for the detection of a range of environmental contaminants are created.

Market Restraining Factor

Expensive Equipment of The Remediation Process

Moving hazardous or toxic waste during land redevelopment and restoration services requires a large number of bulk materials handling machines. These machines are necessary to transfer the waste. Even when purchased on a rental basis, this equipment, which includes, among other things, excavators, loaders, dumpers, and trucks, has a relatively high acquisition cost. As a result, finishing a cleanup project will demand a significant financial investment in the auxiliary but very important equipment.

Site Type Outlook

By Site Type, the Environmental Remediation Market is classified into Private and Public. The public segment registered a significant revenue share in the environmental remediation market in 2021. It is because about 80 percent of the wastewater produced across the world is released back into the environment, where it is mainly untreated and contributes to the pollution of waterways such as rivers, lakes, and seas. The well-being is being put in jeopardy as a direct result of the pervasive problem of water contamination.

Technology Outlook

Based on the Technology, the Environmental Remediation Market is segmented into Soil Washing, Chemical Treatment, Bioremediation, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, In-situ Grouting & In-situ Vitrification, Phytoremediation, Pump and Treat, Soil Vapor Extraction, and Thermal Treatment. The chemical treatment segment recorded a substantial revenue share in the environmental remediation market in 2021. It is because chemical remediation is an in-situ method that extracts contaminants from polluted material using chemicals. Chemical remediation techniques can keep cleanup costs low since they can be undertaken on-site, eliminating the need to transfer soil or water off-site for treatment; hence, they have a rapid growth rate.

Environment Medium Outlook

On the basis of Environmental Medium, the Environmental Remediation Market is divided into Soil and Groundwater. The groundwater segment recorded a substantial revenue share in the environmental remediation market in 2021. The pollution of groundwater happens when man-made substances such as gasoline, oil, road salts, and chemicals reach the groundwater through the soil, rendering it contaminated and unfit for human consumption. There are numerous inorganics, physical, and organic compounds as well as bacterial and radioactive contaminants in groundwater.

Application Outlook

Based on the Application, the Environmental Remediation Market is bifurcated into Mining and Forestry, Oil & Gas, Agriculture, Automotive, Landfills, and Waste Disposal Sites, Manufacturing, Industrial, and Chemical Production/Processing, and Construction and Land Development. The mining and forestry segment witnessed a substantial revenue share in the environmental remediation market in 2021. Cleanup and restoration of sites comprising regions that were once accustomed mine coal or hard rock ore containing metals like gold or copper or other resources such as phosphorus face distinct problems.

Regional Outlook

Region-wise, the Environmental Remediation Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered a promising growth rate in the environmental remediation market in 2021. These factors are anticipated to exacerbate environmental difficulties and will contribute to the expansion of the environmental remediation market in Asia-Pacific. In mining and forestry applications in the region, the use of environmental remediation has increased due to the extensive mining of coal and other minerals, which discharges volatile organic pollutants into the environment.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include WSP Global, Inc. (Golder Associates), Clean Harbors, Inc., AECOM Corporation, Stantec, Inc., HDR, Inc., Tetra Tech, Inc., Jacobs Engineering Group Inc., DEME NV and BRISEA Group, Inc.

Strategies Deployed in Environmental Remediation Market

Sep-2022: WSP completed the acquisition of the Environment & Infrastructure business, a subsidiary of John Wood Group. Through this acquisition, the WSP aimed to include E&I’s 6,000 experts in the WSP team to produce a powerful market leader from two respected institutions with bold ambitions. Moreover, this would permit WSP to deliver customers expanded world-class multidisciplinary benefits while conveying new solutions and improved value.

Sep-2022: Tetra Tech took over RPS Group, a global experienced services firm of consultants. Under this acquisition, RPS Group would advance Tetra’s long-term strategy to improve it’s position as the exclusive global high-end consulting and engineering company focused on sustainable infrastructure, water, environment, and energy transformation. Moreover, RPS Group’s associates unite and collectively utilize long-term customer relationships and work experience.

Aug-2022: Tetra Tech completed the acquisition of The Integration Group of Americas (TIGA), an industry authority in process automation and systems combination solutions. With this acquisition, TIGA allows Tetra to further develop high-end digital consulting and medium solutions with in the environmental, water, and energy sectors.

Oct-2021: Clean Harbors acquired HydroChemPSC, a leading U.S. provider of specialty maintenance, industrial cleaning, and utility services. This acquisition would develop significant strategic advantages for Clean Harbors beyond just growing the size and scale of processes. Additionally, Clean Harbors expect HPC’s automation and hands-free technology abilities to propel safety advances, and the acquisition to complete multiple cross-selling possibilities that would propel incremental garbage into the network.

Aug-2021: HDR completed the acquisition of the WRECO, experts in civil engineering, and environmental observation. Under this partnership, WRECO carries industry-leading knowledge, connections, and talent to the HDR group to develop transportation and water resources services in the region. Moreover, by improving technical expertise in hydraulics and hydrology, are in an ideal rank to move forward with municipal and state projects, completing the full life cycle process to infrastructure growth.

Feb-2021: WSP took over Earth Consulting Group, a US-based environmental and engineering consulting company. This acquisition would permit WSP to achieve strategic initiatives of further supporting actions in the Southeast Region of the United States while persisting to build on its assignment as a supreme Earth & Environment services consulting company.

Sep-2019: AECOM introduced DE-FLUORO, a technology that effectively and permanently releases per and poly-fluoroalkyl compounds. The DE-FLUORO can be set up on-site and decrease PFAS-concentrated liquids sustainably and cost-effectively. Additionally, AECOM is now capable to help consumers to satisfy the strict regulatory conditions that govern PFAS exposure.

Aug-2019: Jacobs acquired John Wood Group’s Nuclear business, British multinational engineering and consulting business. This acquisition reinforces Jacobs’ position is highly beneficial and complementary sectors within defense and nuclear, improving identified program management skills with technical expertise, deep, given the effective and synergistic fit of the two communities. Moreover, Jacob believes the transaction would translate into significant value for Jacobs’ shareholders, diverse possibilities for workers, and new, differentiated defense and nuclear solutions for customers.

Scope of the Study

Market Segments covered in the Report:

By Site Type

• Private

• Public

By Technology

• Bioremediation

• Soil Washing

• Phytoremediation

• Excavation

• Permeable Reactive Barriers

• Chemical Treatment

• Electrokinetic Remediation

• Pump & Treat

• Soil Vapor Extraction

• Thermal Treatment

• In-situ Grouting & In-situ Vitrification

By Environment Medium

• Soil

• Groundwater

By Application

• Oil & Gas

• Manufacturing, Industrial, & Chemical Production/Processing

• Automotive

• Construction & Land Development

• Agriculture

• Mining & Forestry

• Landfills & Waste Disposal Sites

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• WSP Global, Inc. (Golder Associates)

• Clean Harbors, Inc.

• AECOM Corporation

• Stantec, Inc.

• HDR, Inc.

• Tetra Tech, Inc.

• Jacobs Engineering Group Inc.

• DEME NV

• BRISEA Group, Inc.

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Read the full report: https://www.reportlinker.com/p06364493/?utm_source=GNW

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