The Environmental Remediation Market is predicted to rise to USD 188 billion by 2028, witnessing 9.2% CAGR during 2021-2028.

Introduction of the Environmental Remediation Market Report
Environment remediation can be defined as a process of removing contaminants or pollution from the various environmental media such as groundwater, soil, sediments, and surface water. Additionally, it is essential to remove the waste and toxic material in order to protect human health as well as the environment. Environment remediation is being classified into soil and water remediation.

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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global Environmental Remediation Market include increasing demand for the environmental protection required for the different applications such as automotive, gas & oil, and forestry & mining. Additionally, increasing concerns regarding environmental protection and rising pollution have made the government form regulations that are posted on oil and gas, and mining companies are also boosting the growth in the environmental remediation market share. For instance, in 2018, the Indian government introduced a policy framework for the exploitation and exploration of unconventional hydrocarbons; this policy seeks to provide a uniform license to all existing oil and gas blocks. Growing safety norms related to soil and groundwater, which are now contaminated, will further boost the growth of environmental remediation companies.

Nevertheless, technological enhancements in the environmental remediation methods are likely to propel the development of the market over the forecast period. Various initiatives undertaken by the leading players are driving the environmental remediation market size. For instance, Hanford Site employees added an essential element to its training plant to ultimately assist the removal of radioactive soil underneath an ex-chemical laboratory, which is propelling the environmental remediation market. Moreover, Tharmac international Inc has shipped one of the largest directly heated thermal soil remediation plants in operation in the world to Romania; this unit will help to treat soil contaminated with hydrocarbons from the oil refinery.

Restraint in the Environmental Remediation Market
However, high investment required for heavy tools, such as bulldozers, excavators, loading trucks, and other treatment systems, used for excavation is retraining the growth of the environmental remediation market. Moreover, the maintenance cost of the plant is also high, which further hampers the market growth.

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Technology – Segment Analysis
Based on the Technology, the bioremediation segment is likely to hold a larger share in the environmental remediation market during the forecast period owing to the rising demand for the technology for both groundwater and soil remediation. Additionally, bioremediation is a biological remediation process that uses organisms to clean up or reduce the contamination in soil and groundwater. Moreover, it eliminates the use of toxic chemicals by using green plants and biochemicals, making it a cost-effective and safe technology.

Application – Segment Analysis
Based on the application, oil & gas segment is projected to grow at a higher CAGR in the environmental remediation market during the forecast period due to the rising demand for remediation solutions to clean the volatile organic compounds in this industry. Additionally, pollution is associated with the different stages of oil and gas production, which include gas emission, wastewater, solid waste, and aerosols generated during the production and refining, moreover during transportation, when spillage of oil and petroleum products takes place. Furthermore, remediation technologies are deployed in the oil and gas industry to remove the contaminants such as propane, methane, sulfur dioxide, volatile organic compounds, and other toxins. Thus, this factor boosts the market growth.

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Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to grow at a higher CAGR in the environmental remediation market during the forecast period. Rapid development and industrialization of the oil and gas industry in this region have boosted the market growth. For instance, according to Climate & Clean Air Coalition, in 2019, 92% of the Asia Pacific population, which is accounted for 4 billion people, are exposed to high levels of air pollution, which leads to health issues. Moreover, the growing population, high consumption of oil and gas, and stringent government regulations for environment protection are boosting the environmental remediation market in this region.

Top Market Players
Various notable players operating in the market, include, Clean Harbors, Inc., Aecom Technology Corporation, DEME., Golder Associates., Jacobs, Brisea Group, Inc, ENTACT, Terra Systems, Inc., Engineering And Maintenance Solutions (Ems) Pty Ltd, HDR, among others.

Key Developments:

• • In Oct 2020, Golder Associates Inc. entered into a partnership with Osisko Mining, E2metrix, CanmetMINING, Investissement Québec, and Quebec’s Ministry of Economy and Innovation under the pilot project by the Natural Resources Canada, the government agency, for clean and recycle Canada’s mining wastewater by removing the ammonia nitrogen discharge.
  • In June 2020, DEME’s de Vries & van de Wiel and Tauw all together joined forces to develop a cost-efficient and sustainable cleaning technique for the PFAS-containing soil in the Dutch market.

Segments covered in the Report:
The global Environmental Remediation Market has been segmented on the basis of Technology, Application, Site Type, Environment Medium and regions. Based on Technology, the market is segmented into Air Sparging, Soil Washing, Chemical Treatment, Bioremediation, Electrokinetic Remediation, Soil Vapor Extraction, In-Situ Vitrification, Thermal Treatment and Others. Based on Application, the market is segmented into Oil & Gas, Agriculture, Automotive, Manufacturing, Industrial, and Chemical Production/Processing, Construction and Land Development and Others. Based on Site Type, the market is segmented into Public and Private. Based on Environment Medium the market is segmented into Groundwater and Soil.

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Key questions answered in this research report:

• • At what pace is global Environmental Remediation Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Environmental Remediation Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Environmental Remediation Market?
  • Which Technology generated maximum revenues in 2020 and identify the most promising Technology during the forecast period?
  • What are the various Application areas of global Environmental Remediation Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Environmental Remediation Market by Technology

• • Air Sparging
  • Soil Washing
  • Chemical Treatment
  • Bioremediation
  • Electrokinetic Remediation
  • Soil Vapor Extraction
  • In-Situ Vitrification
  • Thermal Treatment
  • Others

Global Environmental Remediation Market by Application

• • Oil & Gas
  • Agriculture
  • Automotive
  • Manufacturing, Industrial, and Chemical Production/Processing
  • Construction and Land Development
  • Others

Global Environmental Remediation Market by Site Type

• • Public
  • Private

Global Environmental Remediation Market by Environment Medium

• • Groundwater
  • Soil

Global Environmental Remediation Market by Region

• • North America Environmental Remediation Market (Option 1: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Site Type
    • By Environment Medium
    • US Market All-Up
    • Canada Market All-Up
  • Europe Environmental Remediation Market (Option 2: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Site Type
    • By Environment Medium
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Environmental Remediation Market (Option 3: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Site Type
    • By Environment Medium
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Environmental Remediation Market (Option 4: As a part of the free 25% customization)
    • By Technology
    • By Application
    • By Site Type
    • By Environment Medium
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Clean Harbors, Inc.
  • Aecom Technology Corporation
  • DEME.
  • Golder Associates.
  • Jacobs
  • Brisea Group, Inc
  • ENTACT
  • Terra Systems, Inc.
  • Engineering And Maintenance Solutions (Ems) Pty Ltd
  • HDR