The global environmental remediation technology market was worth US$ 739.42 Billion in the year 2022 and is expected to reach US$ 1362.15 Billion by the year 2032 at a CAGR of 6.3% between 2022 and 2032.

Environmental remediation could be referred to as restoring environmental media like groundwater, soil, surface water, or sediments polluted by the pollutants and proving to be dubious to biological life.

It has been observed that environmental remediation initiatives all through are an outcome of governments’ interventions and rules; and are looked upon as a long-term, full-fledged solution for getting away with toxins from groundwater and soil.

Solid waste, and aerosols, or any kind of oil spill are cleaned through environmental remediation procedures.

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The mining chemicals do impact soil, thereby necessitating employing remedial treatments. As oil & gas and mining companies contribute for contamination of groundwater worldwide, the governments do mandate them to have operations using remediation technologies.

Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Environmental Remediation Technology Market’. It has its team of analysts and consultants deploying a macro- and micro-oriented approach in primary, secondary, and tertiary modes of research.

“With need to eliminate toxins from media like groundwater and soil, the global environmental remediation technology market is expected to grow well in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Environmental Remediation Technology market

• North America holds the      largest market share due to the US and Canada being subject to presence of      environmental protection agencies in this area.

• Europe holds the      second-largest market share on the back of Germany and the status quo is      expected to remain unchanged even in the forecast period.

• The Asia-Pacific is expected      to witness growth at a rapid pace in the environmental remediation      technology market going forward with growing consumption of oil and gas      with government policies being implemented for environment preservation.

Competitive Technology

• Tarmac, in August 2022, did      install hordes of solar PV (photovoltaic) panels at Birmingham Asphalt      Plant located at Washwood Health with the objective of attaining net zero      ambitions as a leading sustainable building materials and construction      solutions company all across the UK.

• ENTACT team, in August 2022,      did attend the 12th International Conference on Remediation of      Chlorinated and Recalcitrant Compounds held at Palm Springs (California)      between May 22 and 26, 2022. ENTACT Project Director named ‘Mark Fleri’      did give a poster presentation regarding regulatory overview, design, and      the implementation of Zone A drum removal at Pasco Sanitary Landfill NPL      Site.

• Skeleton Technologies is      known for creating ultra-capacitors with notable power density and energy.      Ultra-capacitors, better known as supercapacitors, are capable of holding      a noteworthy quantity of electrical charge. The end-use verticals include      trains, buses, and automobiles.

• Bakeys does make edible      cutlery, which could prove to be a good alternative to single-use plastic.      The components of Bakeys cutlery include flours of millet, wheat, rice,      and sorghum. Chopsticks, forks, and spoons are made out of these.

• Cirrus Shower makes use of      CloudMaker technology for transforming shower into pressurised mist. This      type of dispatch, in comparison with conventional shower stream, does save      between 45-75% of water.

• The DEME Group, along with      Mourik, invested US$ 7.8 Million in soil recycling centers for PFAS      (Polyfluoalkyl Substances) containing soil in March 2022.

• AECOM, in March 2021, came      up with its very first large-scale field demonstration of DE-FLUORO, the      first economically and environmentally sustainable treatment technology      eliminating PFAS from contaminated liquids without generation of hazardous      waste.

Key Companies Profiled

• Bristol Industries, LLC.

• MWH Global, Inc.

• Tarmac International, Inc.

• Sequoia Environmental      Remediation Inc.

• Environmental Remediation      Resources Pty Ltd.

• Entact LLC

• GEO Inc.

• ERSI

• Newterra Ltd.

• Golder Associates      Corporation

• Clean Harbors, Inc.

What does the Report state?

• The research study is based      on technology type (thermal desorption, excavation or dredging, SEAR      (Surfactant Enhanced Aquifer Remediation), pump and treat, solidification      and stabilization, in situ oxidation, soil vapour extraction,      bioremediation, and non-remediation), and by application (oil and gas,      mining and forestry, waste disposal sites, agriculture, automotive, and      likewise).

• With governments mandating      removal of toxins from media like groundwater and soil, the global      environmental remediation technology market is slated to grow on an unstoppable      note in the near future.