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. As the economy has improved, driving up construction and manufacturing activity, and as the decommissioning of nuclear reactors has persisted, industry revenue has increased. Over the five years to 2018, revenue is projected to increase. However, industry revenue is anticipated to decline in 2018 alone due to a large drop in the Environmental Protection Agency's budget. Moving forward, the Republican-controlled Congress and President Donald Trump have expressed wishes to block measures to increase federal spending, which could pose a potential threat to industry growth. With potentially limited government spending, players will likely turn 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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