Remediation & Environmental Cleanup Services in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: February 2024
NAICS 56291Revenue
$26.4bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
92,507
Businesses
4,905
Wages
$X.Xbn
Remediation & Environmental Cleanup Services in the US industry analysis
Remediation and environmental cleanup companies have enjoyed growth in recent years. As the economy expanded, so did downstream sectors like construction and mining. Increases in the Environmental Protection Agency's (EPA) budget and demand for disaster cleanup services have helped offset the adverse effects of COVID-19 on downstream industries. Industry-wide revenue has been growing at a CAGR of 4.6% over the five years to 2023 and is expected to total $26.4 billion in 2023, when revenue will jump by an estimated 3.7%.
The outbreak of COVID-19 had mixed effects on remediation and environmental cleanup companies. Building remediation surged in 2020 as the low-interest rate environment led to a housing market boom. On the other hand, industrial production plummeted, and companies deferred spending on-site remediation contracts to cut costs. In 2022, these trends shifted as rising interest hammered the construction sector and building remediation demand. Demand from the mining sector increased in the past few years as favorable commodity prices ramped up domestic production.
In the future, remediation and environmental cleanup companies will continue to enjoy growth. Consistent growth will come from the infrastructure bill raising funding for Brownfields and Superfund programs and the Inflation Reduction Act. Large government contracts will help maintain profit levels through the end of 2028. However, the outlook for nuclear site remediation is unclear as many nuclear reactors continue requesting to decommission while the current administration seeks grants to keep reactors open. Construction markets will likely return to growth, and heightened US energy output will bolster performance. Overall, industry revenue is forecast to grow at a CAGR of 1.2% over the five years through 2028 to total $28.0 billion.
Trends and Insights
- Remediation and environmental cleanup companies enjoyed private sector growth. Growth in construction and mining benefitted remediation and environmental cleanup companies.
- The public sector is increasingly funding remediation and environmental cleanup. The recently passed infrastructure bill and inflation reduction act will increase demand from the public sector.
- Proximity to industrial producers is vital. Remediation companies establish in the Mid-Atlantic and the West because of significant mining activity in the region.
- The willingness of remediation companies to agree to fixed-price contracts is essential. Remediation companies take on a high degree of financial and operating risk when agreeing to fixed-price contracts.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $26.4bn in 2024.
Trends and Insights
Demand for building remediation services is volatile
- Following the outbreak of COVID-19, the housing market boomed, which led to surging demand for building remediation services in 2020 and 2021.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Mining and construction activity to promote growth
- Nonresidential construction activity returning to growth over the outlook period will greatly benefit remediation and environmental cleanup companies as this market struggled over the current period.
Biggest companies in the Remediation & Environmental Cleanup Services in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Jacobs Engineering Group Inc. | 4,076.2 | 191.2 | 4.7 | |
Mcdermott International Inc. | 1,239.5 | 53.2 | 4.3 | |
Veolia Environnement | 1,067.4 | 100.3 | 9.4 |
To view the market share and analysis for all 22 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Site remediation services, Building remediation services and Environmental emergency response services. Site remediation services is the largest segment of the Remediation & Environmental Cleanup Services in the US.
Trends and Insights
Site remediation services have endured volatility
- This segment includes removing harmful contaminants and pollutants from plots of land, involving cleaning water, soil, sediment, or air within a particular area.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Sewage Treatment Facilities in the US
- Excavation Contractors in the US
- Environmental Consulting in the US
- Waste Collection Services in the US
- Waste Treatment & Disposal Services in the US
International industries
- Remediation & Environmental Cleanup Services in Canada
- Waste Treatment and Disposal Services in Australia
- Waste Treatment and Disposal Services in New Zealand
Table of Contents
About this industry
Industry definition
Industry companies remediate contaminated buildings, soil and ground water; remove hazardous material; and abate toxic materials. Remediation and environmental cleanup companies also undertake mine reclamation activities including demolition, waste-water treatment and revegetation. The industry includes revenue earned through federally funded cleanup projects but excludes budget outlays to federal agencies that engage directly in remediation and environmental cleanup.
What's included in this industry?
Abating and removing asbestos Remediating and cleaning up buildingsAbating and removing lead paintCleaning up oil spillsRemediating and cleaning up contaminated sites, including mine sites, soil and ground waterCompanies
Jacobs Engineering Group Inc.Mcdermott International Inc.Veolia EnvironnementPurchase this report to view all 22 major companies in this industry.
Related Terms
SUPERFUND ACTBROWNFIELDCONTAMINATIONRESOURCE CONSERVATION AND RECOVERY ACT (RCRA)Industry Code
NAICS 56291 - Remediation & Environmental Cleanup Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Remediation and environmental cleanup companies enjoyed private sector growth. Growth in construction and mining benefitted remediation and environmental cleanup companies.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The public sector is increasingly funding remediation and environmental cleanup. The recently passed infrastructure bill and inflation reduction act will increase demand from...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to industrial producers is vital. Remediation companies establish in the Mid-Atlantic and the West because of significant mining activity in the region.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The willingness of remediation companies to agree to fixed-price contracts is essential. Remediation companies take on a high degree of financial and operating risk when agre...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Only two companies have amassed more than 5.0% of the market. Jacobs and Mcdermott have accumulated a high percentage of the market by offering various services.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Jacobs Engineering Group Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Mcdermott International Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Veolia Environnement's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 19 additional companies
Detailed analysis
- Description and key data for Jacobs Engineering Group Inc., and factors influencing its performance in the industry
- Description and key data for Mcdermott International Inc., and factors influencing its performance in the industry
- Description and key data for Veolia Environnement, and factors influencing its performance in the industry
- Description, key data and performance trends for 19 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Remediation and environmental cleanup companies face a high degree of regulation. Federal and sometimes state licensing is required to operate.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit for remediation companies is rising. Improvements in more accurately calculating the costs of a project increased profit in recent years.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Remediation & Environmental Cleanup Services in the US industry in United States in 2024?
The market size of the Remediation & Environmental Cleanup Services in the US industry in United States is $26.4bn in 2024.
How many businesses are there in the Remediation & Environmental Cleanup Services in the US industry in 2024?
There are 4,905 businesses in the Remediation & Environmental Cleanup Services in the US industry in United States, which has grown at a CAGR of 4.1 % between 2019 and 2024.
Has the Remediation & Environmental Cleanup Services in the US industry in United States grown or declined over the past 5 years?
The market size of the Remediation & Environmental Cleanup Services in the US industry in United States has been growing at a CAGR of 4.6 % between 2019 and 2024.
What is the forecast growth of the Remediation & Environmental Cleanup Services in the US industry in United States over the next 5 years?
Over the next five years, the Remediation & Environmental Cleanup Services in the US industry in United States is expected to grow.
What are the biggest companies in the Remediation & Environmental Cleanup Services in the US market in United States?
The biggest companies operating in the Remediation & Environmental Cleanup Services market in United States are Jacobs Engineering Group Inc., Mcdermott International Inc. and Veolia Environnement
What does the Remediation & Environmental Cleanup Services in the US in United States include?
Abating and removing asbestos and Remediating and cleaning up buildings are part of the Remediation & Environmental Cleanup Services in the US industry.
Which companies have the highest market share in the Remediation & Environmental Cleanup Services in the US in United States?
The company holding the most market share in United States is Jacobs Engineering Group Inc..
How competitive is the Remediation & Environmental Cleanup Services in the US industry in United States?
The level of competition is high and steady in the Remediation & Environmental Cleanup Services in the US industry in United States.
