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Remediation & Environmental Cleanup Services in Canada - Industry Market Research Report

Remediation & Environmental Cleanup Services in Canada - Industry Market Research Report

  • November 2020
  • 46 pages
  • ID: 4248852
  • Format: PDF
  • Ibisworld

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Toxic waste: A rebound in demand from mining and energy markets will likely support industry expansion

Abstract

Remediation & Environmental Cleanup Services in Canada
Operators in the Remediation and Environmental Cleanup Services industry in Canada are responsible for cleaning up toxic materials and pollutants from soil, groundwater, buildings, mines and other terrains. Over the five years to 2019, the industry experienced a slight decline in revenue growth. While the private sector accounts for the majority of industry demand, public funds are critical for industry growth. Federal agencies fund and coordinate remediation projects. Possible growth is expected to be driven by increases in overall industrial activity and a rebound in demand from mining and energy markets. Industry demand is driven by these sectors because they will likely require an increase in remediation services to prepare for the development of new properties, treat hazardous waste and contain potential spills of contaminants.

This industry comprises establishments that remediate and clean up contaminated buildings, mine sites, soil and ground water. The industry also encompasses companies pursuing mine reclamation activities, including demolition, soil remediation, waste water treatment, hazardous material removal, contouring land and revegetation. Industry operators also engage in the abatement of toxic materials, such as asbestos and lead.

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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