US Environment Clean up and Remediation Market to Cross $ 38 Billion by 2025
Growing government
regulations for environmental protection to drive United States clean up &
remediation market through 2025
According
to TechSci Research report, “UnitedStates 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 through 70 Pages and an in-depth TOC on"United States
Environment Clean up & Remediation Market"
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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 Environment Clean up & 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.
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