Profit has surged as industrial sites are converted for commercial use
London, United Kingdom (PRWEB) December 18, 2012
Site remediation and decontamination requirements in preparation for the 2012 London Olympic Games have benefited the Waste Management Services industry over the past five years. An example of this is the 2.5 square kilometre Olympic Park site in the Lower Lea Valley, which was contaminated from over a century of neglect and heavy industrial use. Other Olympic sites also required remediation work. Housing and commercial developments across the United Kingdom have resulted in demand for soil and groundwater remediation services and other services from the industry, such as asbestos removal and treatment, and pollution clean-ups. According to IBISWorld industry analyst Angela Kidson, “local governments and businesses requiring decontamination services are the main drivers of industry growth”. In the five years through 2012-13, IBISWorld estimates that industry revenue will increase at an annualised 9.0% to £206.9 million.
Kidson adds, “the industry's outlook appears strong as a greater number of abandoned industrial sites across the United Kingdom are being redeveloped for housing and commercial ventures”. Due to toxic chemicals having often been used on these sites, remediation and decontamination services are required to meet government and EU safety standards. Over the five years through 2017-18, IBISWorld forecasts industry revenue will continue to increase but at a lesser rate than the previous five year period that benefited from the spike in activity at Olympic sites.
The Waste Management Services industry has a low market share concentration level, with the four largest firms estimated to account for 20.4% of industry revenue in 2012-13. Major companies include Sirius Remediation Limited, Suez Environment and Vertase F.L.I.
For more information on the Waste Management Services industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.
IBISWorld industry Report Key Topics
Firms operating within this industry are involved in remediation activities and other waste management services. These services include the decontamination of soils, groundwater and surface water following accidental pollution at the place of pollution; decontamination of industrial plants and sites, including nuclear plants; cleaning up of oil spills and other pollution; and asbestos, lead paint and other toxic material abatement.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalisation & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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