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. However, industry revenue has stagnated, as the industry slowly readjusted down from bloated revenue growth in 2010 as a result of the BP oil spill. With limited government spending, players 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. In turn, they will likely require increase remediation services to prepare for the development and building of new property, treatment of hazardous waste, pipeline construction and containment of possible oil spills.
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.