Environmental Remediation Market

The Environmental Remediation Market is projected to touch USD 188 Billion by 2028, expanding at a CAGR of 9.2% over the forecast period. The market growth is attributed to the growing number of health and safety norms enforced by the government of different nations.

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Environment remediations refer to the process of removing pollutants from soil, groundwater, and surface water. It removes the toxicity to protect the environment and human health. Thus, the environmental remediation market forecast projects that the growing concern towards the environment has persuaded the government to enforce norms on mining and oil and gas companies, which is a standalone factor stimulating the market growth. The Indian Government in 2018 launched a strategic framework for the examination of unconventional hydrocarbons to provide a license to all existent oil and gas blocks. Other factors such as accelerating population, rapid industrialization, and ongoing technological innovations will propel market growth. Leading market players have come up with different plans and strategies to expand the market size. For example, Tharmac international Inc shipped the largest directly heated thermal soil remediation plants to Romania to treat contaminated soil with hydrocarbons from the oil refinery. However, the high cost incurred on heavy equipment required for excavation may restrain the environmental remediation market size.

By application, the oil & gas segment is expected to expand at a higher CAGR over the forecast period. The remediation solutions are highly demanded in the oil and gas industry to purify the explosive compounds. Furthermore, the deployment of remediation technologies in the oil and gas industry helps remove the pollutants such as methane, propane, sulfur dioxide, and volatile organic compounds will propel the environmental remediation market share.

Environmental Remediation Market Segmentation:

Environmental Remediation Market by Technology
  • Air Sparging
  • Soil Washing
  • Chemical Treatment
  • Bioremediation
  • Electrokinetic Remediation
  • Soil Vapor Extraction
  • In-Situ Vitrification
  • Thermal Treatment
  • Others
Environmental Remediation Market by Application
  • Oil & Gas
  • Agriculture
  • Automotive
  • Manufacturing, Industrial, and Chemical Production/Processing
  • Construction and Land Development
  • Others
Environmental Remediation Market by Site Type
  • Public
  • Private
Environmental Remediation Market by Environment Medium
  • Groundwater
  • Soil
Environmental Remediation Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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