Remediation & Environmental Cleanup Industry
Insights from D&B Hoovers

Industry Overview

Description

Companies in this industry provide remediation services for contaminated buildings, mine sites, soil, or groundwater, as well as mine reclamation and asbestos and other toxic material abatement. Major companies in this industry include Aegion and Clean Harbors (both based in the US), and Environmental Resources Management (UK). Other companies include the remediation divisions of large environmental consulting firms, such as Tetra Tech and Veolia Environmental Services North America, and divisions of engineering and construction firms, such as Bechtel and Parsons.

Competitive Landscape

Demand is driven by the needs of businesses and government agencies to comply with environmental cleanup laws. The profitability of an individual company depends on its ability to accurately predict cleanup costs and to secure contracts with large organizations such as the US government. Large firms have the advantage of providing a wide range of environmental expertise and can thus offer "one-stop shopping" for clients. Small firms can compete by specializing in regional markets or particular areas of expertise. The US industry is fragmented: the 50 largest firms account for about 45% of industry revenue.

Products, Operations & Technology

Major remediation services include the cleanup of contaminated sites, including building sites, mine sites, soil and groundwater (about 50% of revenue). Remediation also involves demolition, land contouring, revegetation, waste water treatment, oil spill cleanup, and asbestos, lead paint and other toxic material removal. Other services include non-hazardous waste collection, recyclable material recovery, septic tank maintenance, and environmental emergency response.

Geographic Segmentation

See where the Remediation & Environmental Cleanup Services industry is concentrated geographically and research companies by financials and key corporate data.

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