Global Environmental Remediation Market to Grow by a CAGR of 9% and Reach $215 billion by 2030
A new report from Industry Experts Inc, on "Environmental Remediation," reveals that the global market for Environmental Remediation is anticipated to record a CAGR of 9.1% over the 2024-2030 analysis period and reach a projected US$215.1 billion by 2030 from an estimated US$127.9 billion in 2024.
The worldwide market for Environmental Remediation has been on an impressive growth trajectory because of a host of factors, prominent among which include increasing soil & water contamination, attempts to control uncontrolled industrial activity, stringent government mandates, development of novel remedial solutions, use of nanotechnology as an innovative approach and greater focus on developing eco-friendly industries.
Other than being the largest, Oil & Gas is also slated to be the fastest growing application area for Environmental Remediation technologies. These can help eliminate the various types of volatile organic compounds (VOCs) and other harmful chemicals that are commonly released during the production process. Apart from this contributing further to already existing air pollution, several unsafe byproducts, such as methane and anthropogenic compounds are released directly into the soil as a part of manufacturing operations, thereby causing irreparable damage.
The global market for environmental remediation is analyzed in this report covering the major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.
Environmental remediation market studied in this report with respect to Technology – Air Sparging, Bioremediation, Chemical Treatment, Electrokinetic Remediation, Excavation, Permeable Reactive Barriers, Soil Washing and Others (Incl. Phytoremediation, Pump & Treat, Soil Vapor Extraction and Thermal Treatment); Site – Private Site and Public Site; Medium – Groundwater and Soil; and Application – Agriculture, Automotive, Chemical Processing, Construction & Land Development, Industrial , Landfills & Waste Disposal Sites, Manufacturing, Mining & Forestry and Oil & Gas.
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