2. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Definition
"Squeaky clean: Industry profit will
slightly decrease as wages and
other costs rise"
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.
3. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Performance
Highlights
Remediation and environmental cleanup companies
enjoyed private sector growth. Growth in
construction and mining benefitted remediation and
environmental cleanup companies.
4. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Industry Revenue
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.
5. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Products and
Services
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.
6. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Key External
Drivers
Remediation and environmental cleanup companies
face a high degree of regulation. Federal and
sometimes state licensing is required to operate.
7. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Companies
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.
8. IBISWorld | Remediation & Environmental Cleanup Services in the US
Industry Report
Sep 2023
Industry
Structure
Increases in public sector funding will bolster remediation and environment cleanup companies. Remediation and environmental cleanup companies will enjoy growth spurred by federal investment.
As industrial production ramped up, companies enjoyed an uptick in remediation activity. Climbing mining output and construction activity have benefitted remediation and environmental cleanup companies.
Companies: Jacobs Engineering Group Inc., Mcdermott International Inc., Veolia Environnement, Tetra Tech, inc., Brown & Caldwell Inc., ERM Group Inc., Performance Contracting Group, Patriot Environmental Services Inc., Brandenburg Industrial Service Company, Granite Construction Inc., ARC Abatement Inc., PAL Environmental Services, Irex Corp, Weiss Associates, Nasdi, Llc, MCM Management Corp., Northstar Group Services, Inc., D.H. Griffin Wrecking Co. Inc., MG Remediation Inc., SoCal Remediation Inc., Environmental Remediation Services Inc., Digeronimo Development LLCMost companies don’t have to scope to bid on large government contracts. Smaller companies are capable of bidding on municipal contracts.