US environmental remediation services to reach $8.29 billion by 2015


US environmental remediation services to reach $8.29 billion by 2015

Greentech Lead Team:
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.

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.

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, according to Global Industry Analysts.

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

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).