Market Overview

The US Environmental Remediation Services Industry to Reach US$8.29 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global outlook on the Environmental Remediation Industry. The global environmental remediation industry is expected to register above-average growth rate, driven by worldwide environmental concerns, as well as political and socioeconomic implications of preservation and management of natural resources. As population increases, and industrial expansion takes place, demand for waste management is expected to grow in the developing regions of Latin America, Asia-Pacific, and Central and Eastern Europe.

San Jose, California (PRWEB) February 07, 2012

Follow us on LinkedIn – Environmental remediation is a global multi-billion dollar industry, addressing not only environmental but also economic issues. Conserving environment and human health from exposure to contaminated soil, surface water, and groundwater is top on agenda for all countries across the globe, more particularly in the industrialized nations. Groundwater contamination is a grave global issue that the world faces, as it causes a major impact on supply of potable water in Europe, Asia and Latin America. It is estimated that about a third of the world population could witness water shortages, with likelihood that this situation would emerge in China, India, Pakistan and Middle East, while sub-Saharan Africa and parts of Asia would be the most affected. This is expected to drive the global groundwater remediation market. The US, Germany and Japan are in their fourth stage of development, making efforts to minimize waste management with emphasis placed on recycling.

The developed countries control 4/5th of the total environmental market, and are expected to record the highest growth predominantly because of the availability of advanced waste process, prevention technologies, instruments, and information systems. Environmental remediation is usually subjected to several regulatory requirements, but could also be based on assessments of risk to human and ecological health in regions where legislative standards are advisory or are non-existent. Industrialized nations including the US, Canada, Japan, and most countries in Europe follow their own standards, while regions in Asia-Pacific too have enacted regulations to control the spread of contamination.

The environmental remediation market has emerged as a critical global issue and any efforts to clean up the contaminated sites remain inadequate. While conventional technologies are widely used to cleanup industrially contaminated sites, ex-military sites, and to pump and treat contaminated groundwater, the use of nanotechnology to free the environment of hazardous materials presents significant potential. More recently, naturally occurring zeolites have found wide spread applications in environmental restoration and remediation procedures. The ion-exchange properties of zeolites assist in the elimination of toxic contaminants from soil, water and atmosphere. Among the new technologies, bioremediation has emerged as the most preferred treatment solution. Increased confidence in this technique, owing to a growing number of projects successfully using the technology, enabled bioremediation to garner significant share in contaminated land remediation markets globally. Another recent development in terms of new technology usage is the usage of ozone oxidation, an age-old technology used for the treatment of water, for environmental remediation purposes. The oxygen rich environment offers favorable conditions for the growth of microorganisms, which are capable of degrading hazardous MTBE to less toxic tert-butyl formate (TBF) and tert-butyl alcohol (TBA).

The research report titled “Environmental Remediation: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global environmental remediation industry, identifies major market challenges, and growth drivers. Discussion on the industry's most noteworthy regional market, the US, is amply detailed with unbiased research commentary and punctuated with information rich market data tables designed to provide the reader a rudimentary understanding of the prevailing market climate. Other regional markets elaborated upon include Canada, Mexico, Japan, Germany, The Netherlands, UK and Taiwan among others. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Environmental_Remediation_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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For the original version on PRWeb visit: http://www.prweb.com/releases/prwebenvironmental_remediation/waste_management/prweb9173502.htm

 

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