Global Soil PFAS Remediation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Soil PFAS Remediation Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Soil PFAS Remediation is a technology and service that targets PFAS contamination present in soil. PFAS (per- and polyfluoroalkyl substances), that is, per- and polyfluoroalkyl substances, are a series of non-natural synthetic organic compounds. These compounds are widely used in various industries due to their fire resistance, high stability and durability. However, because of its high thermal and chemical stability, it can persist in the environment and is almost not biodegraded.

Market Overview:

The latest research study on the global Soil PFAS Remediation market finds that the global Soil PFAS Remediation market reached a value of USD 655.72 million in 2023. It’s expected that the market will achieve USD 1563.7 million by 2029, exhibiting a CAGR of 15.59% during the forecast period.

A report released by the United Nations Department of Economic and Social Affairs shows that the current prospects for a strong global economic recovery are still bleak. Stubborn inflation, rising interest rates and increasing uncertainty hamper sustainable economic development. Inflation remains high in many countries. Although upward price pressures are expected to gradually ease, inflation in many countries will remain well above central bank comfort zones. Due to local supply disruptions, high import costs and imperfect markets, food inflation is high in most developing countries, disproportionately affecting women, children and the poor and exacerbating food insecurity. Global monetary tightening has exacerbated developing countries’ fiscal and debt vulnerabilities. Rising borrowing costs and a stronger dollar have also increased debt service burdens and the risk of debt defaults. Financing constraints will limit the ability of governments to invest in education, health, sustainable infrastructure and the energy transition, thereby affecting the acceleration of sustainable development.

Businesses are directly affected by inflation in two main ways. When prices rise, the company's raw materials, management costs, etc. will increase. While the pressure can be alleviated by passing costs on to consumers, in practice businesses will also absorb some of the increased costs to avoid losing customers. When inflation rises, consumers' purchasing power decreases. This means that the business will sell less, thereby reducing the business's total revenue. The high cost of living has also led to increased demand from workers for higher wages. Another negative effect is that inflation brings most corporate sustainability strategies to a standstill. Including sustainable materials, renewable energy and more. Soil PFAS remediation companies can benefit by adding multiple suppliers to test the resiliency of their supply chains and sell at higher prices than originally planned. Later in the inflation cycle, when more people are looking for jobs, more diverse hiring can bring in a wider range of talent and skills.

Legislation and regulation of PFAS have become stricter

In recent years, many countries and regions around the world have issued or drafted environmental regulations, the purpose of which is to restrict the use of the same harmful substance - PFAS. Germany, for example, is strengthening national measures to tackle existing PFAS contamination. On August 1, 2023, a new regulation (the so-called Mantelverordnung) will come into effect, introducing for the first time combined test values for multiple PFAS, including PFOA (0.1 µg/l), PFBA (10 µg/l) and perfluorooctane sulfonic acid (0.1 µg/l). These values will be incorporated into the Federal Soil Protection Regulation (BBodSchV), a federal regulation under German soil protection law. The new test values will be applied by law enforcement agencies, such as German local and regional soil protection agencies. If the agency finds that soil contamination test values are exceeded (for example, triggered by soil tests in a construction project), it may order a full assessment to the potentially responsible party ( PRP ). Under German law, the following PRPS are jointly responsible for testing and cleanup (regardless of negligence and causation) : the polluter (i.e. the party causing the PFAS contamination, including its legal heirs); Owners of PFAS-contaminated sites; The former owner of the contaminated site; And the controlling party of the contaminated site (e.g. the tenant). In 2022, the Ministry of Ecology and Environment of China issued the List of New Pollutants under Key Control (2022 version) (Draft for comment) and solicited comments, the list contains 14 new pollutants under key control, including 10 persistent organic pollutants (POPs), such as PFOS and PFOA. With frequent legislative and regulatory trends worldwide, the market demand for soil PFAS remediation is likely to increase in the future.

Region Overview:

In 2022, the share of the Soil PFAS Remediation market in United States stood at 33.64%.

Company Overview:

Jacobs Solutions Inc. is one of the major players operating in the Soil PFAS Remediation market, holding a share of 11.19% in 2023.

Segmentation Overview:

Among different product types, Immobilization method segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Public segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Soil PFAS Remediation market covered in Chapter 3:

CleanEarth Technologies
Montrose
Clean Harbors, Inc.
TerraTherm (Cascade Environmental)
AECOM
WSP
Envirotreat
DEME NV
Los Alamos Technical Associates (LATA)
TRS Group
Hull’s Environmental Services, Inc.
Parsons Corporation
EVOQUA
Ventia 
Cornelsen Group
Jacobs Solutions Inc.
Arcadis
US Ecology

In Chapter 4 and Chapter 14.2, on the basis of types, the Soil PFAS Remediation market from 2019 to 2030 is primarily split into:

Immobilization method
Soil washing, thermal treatment and ex-situ
Additional methods 

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Soil PFAS Remediation market from 2019 to 2030 covers:

Private
Public

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)