Growing government regulations for environmental protection to drive United States clean up & remediation market through 2025
According to TechSci Research report, “United States Environment Clean up & Remediation Market By Medium, By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the United States environment clean up & remediation market is projected to cross $ 38 billion by 2025 on account of increasing pollution levels and rising environmental concerns across the country. Additionally, growing investments in the field of remediation services, stringent and transparent regulatory frameworks are driving demand for environment clean up & remediation market. Other factors fueling the environment clean up & remediation market include rising demand from different industries such as oil and gas, mining and forestry, automotive, chemicals, and others. Furthermore, the market is going to be driven by large-scale construction of combined-cycle natural gas power plants and growing demand for organic farming in the US. Also, recovering oil prices, increasing exploration & production activities and heavy investments in the refinery industry are some other factors that are anticipated to aid market over the next five years. However, selection of appropriate remediation techniques and associated technological & logistical challenges can hamper the growth of market during forecast period.
Browse 23 market data Figures spread through70 Pages and an in-depth TOC on “United States Environmental Cleanup & Remediation Market”
The United States environment clean up & remediation market is segmented based on medium, type, application and region. Based on medium type, the market can be segmented into soil, surface water & ground water. Ground water segment is anticipated to dominate the market during the forecast period due to increasing waste disposal in water bodies. Based on type, the market can be categorized into bioremediation, pump & treat, in situ vitrification, thermal treatment, chemical treatment, excavation, soil washing & others. The pump & treat segment is expected to hold significant market share owing to their widespread use for removing volatile organic compounds and toxins. Based on application, the market can be fragmented into waste disposal sites, oil & gas, mining, chemical & petrochemical, manufacturing, agriculture, construction and others. The mining segment is expected to witness significant growth in the market during forecast period. This can be ascribed to the growing demand for environmental remediation technology to remove the contamination from soil, groundwater, and surface water caused by chemicals produced from mining processes.
Bechtel Corp., Veolia North America, Clean Harbors, Inc., Golder Associates Inc., BRISEA Group, Inc., Terra Systems, Inc., and Entact LLC are some of the leading players operating in United States environment clean up & remediation market. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, In May 2018, Golder acquired Pastor, Behling & Wheeler, LLC (PBW), a Texas-based environmental engineering and consulting firm. Headquartered in Round Rock TX, with five offices throughout the state, PBW provides a broad range of specialized environmental engineering and consulting services for clients in Texas and throughout the United States.
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“United States is one of the major markets for environmental clean up & remediation services owing to the growing awareness regarding environmental degradation. Over the next 5-10 years, advances in this sector will be technology-led. Also, the businesses & government agencies are required to comply with existing as well as new environmental laws and regulations during the forecast period, which would continue to drive the market in the US during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Environmental Cleanup & Remediation Market By Medium, By Product Type, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United States environment clean up & remediation market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States environment clean up & remediation market.