Abstract
Bioremediation Applications Show Tremendous Growth Potential as Customer Awareness Increases
Increase in knowledge of the complexity of bioremediation applications, backed by credible test results will boost market growth. Bioremediation technologies continue to generate more interest among policy makers, scientists, and industry service providers due to their cost-effectiveness and ease of implementation. Combined with other remediation technologies they present a multiple-technology remediation system, further reducing cost and treatment period, increasing the user base. The bioremediation applications yet to be explored are limitless and the Government's R&D initiatives and funding decisions seem to favor continued pursuit of these technologies.
This new research service from Frost & Sullivan analyzes the U.S. bioremediation markets and provides an analysis of drivers and restraints that are expected to affect sales. It also evaluates key customer trends and provides a comprehensive look at all the market influences such as the regulatory bodies, federal technology testing and promotion programs, the technology innovators and implementers, vendors, and manufacturers.
Increasing Concern for the Environment Drives the Market
Environmental initiatives outlined in the 2003 State of the Union address indirectly provide opportunities for innovative clean technologies such as bioremediation. Legislative decisions and increasing public concern about existing hazardous and bioaccumulative chemicals are driving the remediation market to consider biological approaches to treat the contaminants instead of thermal, physical, or chemical treatment methodologies.
"Sound knowledge of the trends in the Government environmental policies will enable companies to make decisions on R&D that will meet the needs of the remediation market," says the analyst of this research service. Understanding toxicity concerns and the priority given to certain contaminants will provide insight into the resources to be allocated for certain remediation activities.
Growth Trends in Treatment of Recalcitrant and Persistent Chemicals Provide Market Potential
Technologies gaining a great deal of interest at present are those providing cost-effective solutions for treating recalcitrant compounds such as chlorinated compounds, PCB's, nitro aromatics, MTBE, and heavy metals. Enhanced bioremediation approaches that use nutrients or microbial inoculum are the most popular solutions and provide the greatest market returns.
According to the analyst, "As the list of recalcitrant and regulated contaminants grows, the physical and chemical means of dealing with the problem will be ineffective and cost intensive, while the biological means of dealing with these chemicals will become inevitable." The full lifecycle cost associated with cleanup and remediation processes should always be considered to avoid misconceptions that are associated with the cost of biological technologies.
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