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Remediation & Environmental Cleanup Services in the US - Industry Market Research Report

  • September 2017
  • 36 pages
  • Ibisworld
Report ID: 199129

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Clean slate: Heightened demand from the private sector will strengthen industry revenue

Abstract

Remediation & Environmental Cleanup Services in the US

Over the past five years, the Remediation and Environmental Cleanup Services industry has benefited from strong demand from manufacturing, mining and construction sectors. After a drop in 2012 as the industry recovered from the increased demand due to the 2010 British Petroleum oil spill, revenue has grown steadily over the five-year period. As the economy has improved, driving up construction and manufacturing activity, and as the decommissioning of nuclear reactors has persisted, industry revenue has increased. With potentially limited government spending, operators will likely look to private-sector clients as the economy gains steam. Clients in the development and construction sectors, as well as mining and chemical manufacturing industries, are expected to experience higher demand over the next five years.


Industry companies remediate contaminated buildings, soil and ground water; remove hazardous material; and abate toxic materials, such as asbestos and lead. Industry operators also undertake mine reclamation activities including demolition, waste-water treatment and revegetation. It is important to note that while the industry includes revenue earned through federally funded cleanup projects, it excludes budget outlays to federal agencies that engage directly in industry services.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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