Environmental Remediation Market Size Value to Register USD 164 Billion by 2026, at 7.5% CAGR, Says Facts & Factors

New York, NY, Feb. 12, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Environmental Remediation Market By Environmental Medium (Groundwater, Soil, and Others), By Application (Agriculture, Construction and Land Development, Mining & Forestry, Automotive, Chemical Production/Processing, Oil and Gas, Industrial, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” .

“According to the research study, the global Environmental Remediation Market was estimated at USD 98.5 Billion in 2019 and is expected to reach USD 164 Billion by 2026. The global Environmental Remediation Market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2019 to 2026”.

Environmental remediation is a sort of environmental services that are dedicated to combating growing environmental pollution issues by preventing the groundwater and soil from different contaminants, and in this case, the contaminants are ionizing radiation-emitting sources. Wastewater, solid waste, and aerosols are treated through several environmental remediation technologies. However, the considerable utilization of the technologies is in extracting the gases released while refining and production of oil and petroleum products.

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• 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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• Includes Updated List of table & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology

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Key Questions Answered in this Report

1) What was the impact of COVID-19 on the Environmental Remediation Market?

2) What is the market size, share of the Environmental Remediation Market?

3) Who are the top market players in Environmental Remediation Market?

4) What will be the future market of the Environmental Remediation Market?

Key Offerings:

• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
• Competitive Landscape – Top key vendors and other prominent vendors

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Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact

Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.

We at Facts and Factors ( http://www.fnfresearch.com ) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.

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The oil and gas category under the application segment accounts for the major share in the global environmental remediation market. The market share for the category is likely to grow at a substantial rate throughout the projected period. The mining and forestry category under application also fuels the environmental remediation technology demand for the effective removal of contaminants released in surface water, groundwater, and soil by chemical and mining industries.

Top Market Players

• Entact LLC
• Golder Associates Corporation
• Environmental Marine Engineering NV
• GEO Inc.
• Dredging International
• Environmental Remediation Resources Pty Ltd.
• Brisea Group Inc.
• Newterra Ltd.
• Clean Harbors Inc.
• Terra Systems Inc.

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Growing population and rapid industrialization in developing economies fuels the global environmental remediation market

Owing to the growing population, the need for residential areas is expanding, especially in developing countries. Therefore, to arrange the accommodation in the densely populated areas, the contaminated fields are refined and redeveloped into residential sites. And to refine the contaminated lands and resources, there is an extensive need for remediation services, which eventually propels the global market. Moreover, the growing industrialization sector discharges contaminated wastes in bulk such as heavy metals in water bodies and soil. Environmental Protection Agency has listed chromium, mercury, lead, copper, zinc, and nickel heavy metals as the key environmental pollutants. Different companies and regulatory bodies have introduced remediation techniques to remove such heavy metal contaminants.

Refining of contaminated industrial sites in urban areas may bolster the environmental remediation market in the coming years

The industrial sites within the premises of urban areas have extremely high worth. Therefore, the economic incentives for the removal of hazardous contaminants and retaining the safety of the surroundings are quite high. To encourage this activity, few of the U.S. states have set regulations that the new owner would have to enroll in the state voluntary cleanup program before establishing the industrial project on that land. This would lead to a significant expansion of the global environmental remediation market.

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The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the Environmental Remediation Market. Moreover, the study offers wide coverage of key strategic improvements witness in the market such as acquisitions & mergers, new product and service launches, collaborations, R&D activities, and global expansion of key players of the global Environmental Remediation Market.

Environmental remediation is a sort of environmental services that are dedicated to combating growing environmental pollution issues by preventing the groundwater and soil from different contaminants, and in this case, the contaminants are ionizing radiation-emitting sources. Wastewater, solid waste, and aerosols are treated through several environmental remediation technologies. However, the considerable utilization of the technologies is in extracting the gases released while refining and production of oil and petroleum products.

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The global environmental remediation market is segmented in terms of Environmental Medium by Groundwater, Soil, and Others. By Application, the market is categorized into Agriculture, Construction and Land Development, Mining & Forestry, Automotive, Chemical Production/Processing, Oil and Gas, Industrial, and Others.

In October 2019, Newterra made an announcement of procuring TIGG Newterra Group Ltd., which is a key distributor of water to the industrial, municipal, and environmental remediation sectors.

Browse the full “Environmental Remediation Market By Environmental Medium (Groundwater, Soil, and Others), By Application (Agriculture, Construction and Land Development, Mining & Forestry, Automotive, Chemical Production/Processing, Oil and Gas, Industrial, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026″ report at https://www.fnfresearch.com/global-environmental-remediation-market-by-environmental-medium-groundwater

Key Insights from Primary Research

• Experts suggest the triggering growth factor for the market will be rapid industrialization and a growing population, particularly in the urban areas.
• As per our primary respondents, the demand for remediation technology is maximum in North America and is anticipated to increase in the coming several years.
• The primary experts stated that the “oil & gas” category of the application segment holds almost one-fourth share of the global environmental remediation market.
• The “groundwater” category under the environmental segment captures the major share in the global market, while the “soil” category is anticipated to grow at a relatively faster rate of around 8%.
• The contribution of the automotive sector in bolstering the global demand for environmental technologies is the least.

The global environmental remediation market is segmented as:

Global Environmental Remediation Market: By Environmental Medium

• Groundwater
• Soil
• Others

Global Environmental Remediation Market: By Application

• Agriculture
• Construction and Land Development
• Mining and Forestry
• Automotive
• Chemical Production/Processing
• Oil and Gas
• Industrial
• Others

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