Report forecasts significant growth for groundwater remediation market

Oct. 9, 2014

NORTHFIELD, Ill. — A McIlvaine Company report estimates substantial growth for groundwater remediation in 2015.

NORTHFIELD, Ill. — The “Site Remediation World Markets” report, published by the McIlvaine Company, estimates more than $14 billion will be spent to remove metals, VOCs and other contaminants from groundwater in 2015, according to a press release.

VOCs are present at more than two-thirds of the Superfund, RCRA and DOD sites and at almost half of the DOE sites; and VOCs (in the form of BTEX) also are the primary contaminants at underground storage tank (UST) sites, stated the release.

The release reported that of the twelve contaminants most frequently found at Superfund and DOD sites, more than half are metals, primarily arsenic, chromium, lead, zinc, nickel and cadmium.

The U.S. is currently the world leader in groundwater remediation and will represent the largest market for groundwater remediation over the next few years, noted the release.

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