Global Markets for Environmental Remediation Technologies
The global market for environmental remediation technologies was valued at about $59.5 billion in 2013. The total market is expected to expand from nearly $61.7 billion in 2014 to $80.5 billion in 2019, with a compound annual growth rate (CAGR) of 5.5% from 2014 through 2019.
- An overview of the global markets for environmental remediation technologies.
- Analyses of global market trends, with data from 2013 and 2014, and projections of CAGRs through 2019.
- A detailed discussion of technological categories in their current state, as well as future developments.
- Applications for these categories including soil remediation, groundwater remediation, and surface water remediation.
- Insight into the regulatory framework in which the industry must operate.
- Evaluation of key and relevant patents.
This report examines the global markets for technologies used in the remediation of environmental contamination. In the scope of this report, natural resources affected by environmental contamination include surface water, groundwater and soils (to include soil vapors). Markets are examined in greater detail in later sections of the report that discuss markets from a regional perspective and from the perspective of remediation technologies’ applications to sites associated with certain industries.
The technologies considered to form the core market for remediation technologies are those that are included in the “Remediation Technologies” section of this report. Any technologies that are not included in the aforementioned section are not included in the market quantification, unless otherwise specifically stated. Also not included within the scope of this report or in the market size and growth estimates are technologies for cleaning/remediation of contaminated air and any technologies that are applicable solely for treatment (such as wastewater treatment) and not for remediation; however, technologies that can be dually applied and have seen significant use for remediation purposes are included.
Any services or equipment that do not directly support the furtherance of a site remediation project, or those that require only general knowledge such that most companies in the economy could provide them equally well have not been included in the market estimations. Direct equipment, materials, reagents, and sales and rentals of remediation technologies have been included, as well as the professional services required to assess a contaminated site; to develop a remediation plan for the specific site; and to implement, install, or continuously operate the remediation equipment over a defined space and time. Included in total dollar figures for market estimates are direct costs for design, fabrication, and assembly of remediation equipment; costs for materials and chemicals such as surfactants and cosolvents that are used in many remediation methods (electrokinetic remediation, for example); and costs for on-site professional services in assessment and remediation project design and ongoing monitoring of remediation projects.
Many of the technologies applied to remediation of contaminated sites are in fact technological systems or processes (many of which hold patents in various jurisdictions) rather than a single piece of equipment. As such, when considering technological processes, the entire value of the process has been considered. It is also important to note that a large number of remediation technologies use a significant portion of standard equipment such as off-the-shelf pumps or heavy construction equipment (for excavation) that are then built into an overall system, package, or process specifically for site remediation that customers can apply to their project’s specific needs.
A complicating factor in estimating the breakdown of market segments for environmental remediation technologies stems from the nature of the various liability laws in jurisdictions around the world. One fairly common practice in environmental remediation is for a governmental body to undertake and see to the complete remediation of a key contaminated site; and, while remediation is underway or once it has been completed, this governmental body will seek payment for the costs of remediation from the responsible party (if this party is still in existence—many times they are not). In instances where such a process has been used successfully, the value of the remediation equipment, services, materials and so forth are applied to that specific industry application.
In developing the market size and growth rate estimates, all regions and industries have been considered. However, this report seeks to provide particular insight into the markets for remediation technologies in emerging economies. The goal of this specific focus is to provide readers with a comprehensive resource for remediation technology companies based in developed economies such as North America, Western Europe, or Australia that seek to expand their client portfolios regionally through export, licensing, or some other transfer of technology or expertise. Moreover, there is already ample and readily accessible information about the markets and their structure in the developed economies of the U.S., Canada, Western Europe and other countries/regions. However, information on the markets in emerging economies can be more difficult to come by or to fully understand. Extra attention has been paid to markets in regions including China and the broader Asia-Pacific region; Latin America and the Caribbean region (especially Argentina, Brazil, Chile, and Mexico); and the Middle East and Africa region. Most of these regions, as will be discussed in further detail in this report, may see growth rates that outpace the global average during the next five years, providing ready markets for expansion.
With a strong quantitative and analytical foundation, Bryan Boots holds B.S. and M.S. degrees in engineering, paired with ongoing advanced training in marketing and finance. The analyst’s background brings a unique perspective for understanding and interpreting industry trends. Skills in gathering and synthesis of information, data analysis and technical background are applied to his reports, combined with a passion for writing, people and technology to produce insightful analyses for key decision-makers in today’s cutting-edge industries.
BCC conservatively estimates that the global market for hazardous waste remediation technologies was worth about $10.7 billion in 2005, rising to $11.4 billion in 2006 and $16.6 billion by 2011 (an AAGR of 7.8% between 2006 and 2011.
Hazardous waste containment technologies were the largest segment of the global hazardous waste remediation market in 2005, with over 25% of the market, followed by separation (19%), chemical treatment (18%), and recycling (15%).
Recycling is the fastest-growing market segment, with a projected AAGR of 19%, and at this rate of growth should reach 27% of the hazardous waste remediation market by 2011. By 2011, containment technologies’ share of the market is expected to decline to 23%, separation to 16% and chemical treatment to 14%.