Bioremediation is a scientific waste management process that uses various, fungi, microorganisms, green plants and their enzymes to reinstate the environment to its original state after removing pollutants from a contaminated site. Bioremediation of water and soil, which is polluted by oil and other industrial waste; is performed by a variety of microorganisms that survive on hydrocarbons. Degradation of pollutants by bacterial microorganisms breaks down the hazardous substances into less toxic biodegradable substances. However, not all pollutants and contaminants are treated by bioremediation using microorganisms. For example, metals such as lead and cadmium are not easily captured or absorbed by microorganisms.
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Some of the bioremediation technologies usually used for reinstating and de-contamination the environment are as follows:
· Biostimulation
· Bioaugmentation
· Air Sparging
· Bioventing
· Bioslurping
· Fungal Remediation
· Phytoremediation
· Nitroaromatics
Various bioremediation services used for restoring our environment are as follows:
· Sample collection and analysis
· Manufacture of site-specific bioremediation products
· Design of optimized bioremediation program
· Characterization and spill evaluation of environmental parameters
· Report results
· Field services
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In the geographical analysis, North America closely followed by Europe is the largest market for bioremediation technologies and services owing to the stringent environmental protection policies and regulations as well as oil spill accidents. For instance, a recent oil spill accident happened in the city of Los Angeles witnessed an oil spill of nearly 50,000 gallons which had ultimately contaminated the soil. These industrial hazards, which occur frequently across the globe, are expected to propel the sales of bioremediation technologies and services in these regions. Moreover, strict orders and policies from environmental protection agencies and groups are also compelling various industrial units to treat their waste products before releasing it in the environment. However, other regions such as South East Asia, Latin America and Middle East are expected to be the potential markets in the near future. Due to the increase in industrial plants and stringent environment safety concerns, these regions are expected to be the potential markets in the near future
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The overall bioremediation technologies and services market is expected to witness an admirable growth due to the increasing awareness for environmental safety and protection. Moreover, stringent government regulations and policies for environmental restoration initiatives is further fuelling the popularity of biotechnology based bioremediation technologies and services globally. Furthermore, novel bioremediation technologies such as bioaugmentation and biostimulation are gaining wide acceptance and interest due to their enhanced environmental restoration capabilities. These technologies use nutrient additives and external microbial agents for remediation of huge amounts of hydrocarbon-contaminated liquids and soil. Additionally, potential technological breakthroughs will generate abundant opportunities for bioremediation technologies and services.
Other factors such as frequent oil spills in oceans from oil tankers are compelling oil and gas companies to adopt bioremediation technologies as well as services to restore the environment to its original state. However, high development cost and low adoption rate among population are some of the market-restraining factors that might hinder the growth of the overall bioremediation technologies and services market.
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At present, the bioremediation technologies and services market is highly fragmented owing to the involvement of many established and emerging players in this industry. However, the key players involved with the development of bioremediation technologies and services are ABB Environmental Services, Inc., Altogen Labs, Bioremediation Service, Inc., Dow Chemical Company, EG&G, Inc., E. I. du Pont de Nemours and Company, Envirogen Technologies, General Electric and Sevenson Environmental Services, Inc.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
· North America
· Asia Pacific
· Europe
· Rest of the World
This report provides comprehensive analysis of
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market structure
· Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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