Industry Analysis & Industry Trends
The industry has moderately contracted over the past five years due to stagnation across all downstream markets. As demand for Canadian products fell due to the global recession, domestic manufacturing, mining, oil and gas and construction sectors suffered and demanded less remediation and cleanup services from the industry. Over the next five years, however, the industry is projected to return to growth as industrial activity strengthens and the incidence of disasters like industrial facility accidents and oil spills become more frequent... purchase to read more
Industry Report - Industry Investment Chapter
The Remediation and Environmental Cleanup Services industry operates with a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.08 to capital investment. This 2014 figures represents a slight decrease from $0.10 in 2009. Industry services are highly dependent on skilled labour, particularly in the form of engineers and subcontractors. Employees are needed to manage and perform all aspects of industry services.
However, for remediation of oil spills and other toxic waste contamination, specialized vessels and pumping equipment are also required. Other services, such as soil decontamination, also rely on technology to control air flow and pump contaminants out of soil... purchase to read more