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

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
78,768
Businesses
3,750
Market Share of Companies

Industry Threats & Opportunities

  • Revived construction and development activity will sustain demand for remediation services
  • Many cleanup programs sponsored by federal agencies were reduced or terminated
  • Any further budget cuts made by the current administration has the potential to negatively impact the industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Remediation and Environmental Cleanup Services industry is in a mature phase of its life cycle. The average annual growth of the industry's contribution to the overall economy, measured by industry value added (IVA), is estimated to increase at an annualized rate of 0.5% over the 10 years to 2022, compared with US GDP, which is expected to grow an annualized 2.0%. Although IVA growth that is slower than GDP typically conveys the characteristics of a declining industry, industry services have not alternated significantly and the markets operators serve have not changed.The industry has experienced steady growth in the majority of the 10-year period. Inc...purchase to read more.

    Additional Insights for the Remediation & Environmental Cleanup Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Remediation & Environmental Cleanup Services Industry are

  • Having a diverse range of clients
  • Ability to alter mix of inputs in line with cost
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Government consumption and investment and Demand from chemical manufacturing in the Remediation & Environmental Cleanup Services industry impact industry performance..

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    What's in this report

    What is the Remediation & Environmental Cleanup Services Industry?

    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.

    Industry Products
  • Site remediation services
  • Building remediation services
  • Environmental emergency response services
  • Other services
  • Industry Activities
  • Abating and removing asbestos
  • Remediating and cleaning up buildings
  • Abating and removing lead paint
  • Cleaning up oil spills
  • Remediating and cleaning up contaminated sites, including mine sites, soil and ground water
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government consumption and investment
  • Demand from chemical manufacturing
  • Demand from mining
  • Value of construction
  • Natural disaster index

  • Current Performance
  • Oil spills out of revenue
  • Government support
  • Cost contracts
  • Chart: Revenue Growth

  • Industry Outlook
  • Nuclear cleanup
  • Potential tax cuts
  • Industry landscape
  • Table: Remediation & Environmental Cleanup Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Remediation & Environmental Cleanup Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Industrial Building Construction
  • Demolition & Wrecking
  • Manufacturing
  • Petrochemical Manufacturing
  • Gas Pipeline Transportation
  • Refined Petroleum Pipeline Transportation
  • Administration of Government Programs

  • Key Selling Industries
  • Environmental Consulting
  • Waste Treatment & Disposal Services

  • Products & Services
  • Site remediation services
  • Building remediation services
  • Environmental emergency response services
  • Other services
  • Chart: Remediation & Environmental Cleanup Services Industry Products and Services Segmentation

  • Demand Determinants
  • Public sector spending
  • Private sector activity
  • Natural disasters

  • Major Markets
  • Businesses
  • Federal government
  • State and local government
  • Other
  • Chart: Major Market Segmentation for the Remediation & Environmental Cleanup Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Remediation & Environmental Cleanup Services

  • Basis of Competition
  • Contract negotiations
  • Relationship with government agencies

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Remediation & Environmental Cleanup Services Industry

  • Industry Globalization
    CH2M Hill Companies Ltd., CB&I,
  • Table: CH2M Hill Companies Ltd. - financial performance
  • Table: CB&I - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Remediation & Environmental Cleanup Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Remediation & Environmental Cleanup Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Government consumption and investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Brownfield
  • Abandoned or underused industrial and commercial facilities available for re-use. Expansion or redevelopment of such a facility may be complicated by real or perceived environmental contaminations.
  • Contamination
  • In this industry's context, the presence of man-made chemicals or other alteration in the natural soil and water environment.
  • Resource Conservation And Recovery Act (Rcra)
  • The principal federal statue governing hazardous waste generation, treatment, transportation, storage and disposal.
  • Superfund Act
  • Formally called the Comprehensive Environmental Response, Compensation and Liability Act, is a piece of legislation introduced in 1980 to define penalties for environmental infringements.
  • What Our Customers Say

    Why buy this report?

    The Remediation & Environmental Cleanup Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    This report on Remediation & Environmental Cleanup Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Remediation & Environmental Cleanup Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Remediation & Environmental Cleanup Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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