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 SWOT Analysis Chapter
The Remediation and Environmental Cleanup Services industry is in the mature stage of its life cycle. Over the 10 years to 2018, industry value added, which measures an industry's contribution to the overall economy, is forecast to grow at an average annual rate of 1.6%. Over the same period, Canadian GDP is projected to increase at an annualized rate of 2.4%. As a result, this industry's importance to the overall economy is relatively stable, indicating a mature industry.
Industry services are well-segmented and stable. Firms provide cleanup and remediation services for buildings, land, groundwater and environmental emergencies and typically have specializations in certain service segments... purchase to read more