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 - Starting a New Business Chapter
The Remediation and Environmental Cleanup Services industry maintains medium barriers to entry. Overall capital costs are moderate, allowing smaller firms to acquire the necessary equipment and machinery to provide remediation services. However, firms are subject to extensive regulations at the federal, provincial and local levels, adding additional difficulties for prospective entrants.
As industry operators focus on environmental cleanup, they are subject to extensive government cleanup standards. These standards can vary depending on the specific geographic conditions involved, and so are dependent on the soil texture, groundwater usage and other factors... purchase to read more