David J. Glass, Ph.D.
D. Glass Associates, Inc.
(617) 653-9945
Market Estimates Updated in 1999-2000 Market Report!
Click here to view July 26, 1999 Press Release
1998 U.S. PHYTOREMEDIATION MARKET
COULD REACH ALMOST $30 MILLION,
NEW STUDY REPORTS
Market could grow to $100 million by 2000 and to $370 million by 2005
Needham, Mass., April 13, 1998 -- D. Glass Associates, Inc. (DGA) has released its 1998 report on the market for phytoremediation in the United States and its potential for growth. This in-depth report, written by David J. Glass, Ph.D., surveys commercial, research and government activities in this growing segment of the hazardous waste remediation market.
Phytoremediation is the use of plants, including grasses and trees, to remove, degrade or sequester hazardous materials from contaminated media such as soil, groundwater, wastewater, and landfill leachate. DGA estimates that the 1998 U.S. market for phytoremediation is between $16.5 million and $29.5 million. The largest segment of this market is the removal of organic contaminants from groundwater, followed by markets for remediation of landfill leachate and for remediation of metals from soils. Other markets with significant 1998 revenues include remediation of organic compounds from soil and the treatment of organic contaminants in wastewater. DGA estimates that the overall U.S. phytoremediation market might grow to $55-103 million by 2000 and to $214-370 million by 2005.
The U.S. phytoremediation industry today consists of over two dozen companies in several categories, including "dedicated" phytoremediation companies, other specialty firms from related fields that are diversifying into phytoremediation, consulting/engineering (c/e) firms with expertise in the technology, and industrial companies conducting phytoremediation research. Among the market trends predicted in the report are continued short-term dominance by the "dedicated" companies but with gradual long term gains in market share by c/e firms; growing acceptance of phytoremediation even in the wake of economic pressures on the overall remediation market; and the use of genetically engineered plants in commercial phytoremediation within the next 2 to 4 years.
The report is over 140 pages in length, and includes 36 tables and profiles of 20 phytoremediation companies and non-profit research groups. It contains summaries of phytoremediation projects, discussion of industry dynamics and corporate strategies and obstacles to success, and features in-depth analyses of eight market sectors to which phytoremediation is applicable. The report includes addresses and contact names for key phytoremediation companies, a glossary of terms, and other useful information to guide decision-making by site owners, regulators, investors or research institutions seeking more information on the phytoremediation market.
The cost of the report is $395, with a discounted price of $195 for individuals in academic, government, or other non-profit institutions [Now discounted to $250 and $125, respectively]. Additional copies within an institution are available for $95 each. Dr. Glass can be contacted at 617-653-9945, fax 781-449-8045, or DGlassAssc@aol.com, for further information or to order a copy of this report. A more detailed description of the report, its Table of Contents and List of Tables, and ordering information are available at the firm's website, www.channel1.com/dglassassoc/.
D. Glass Associates, Inc. is a consulting firm specializing in market and technology assessments and technology transfer in hazardous waste remediation, with particular emphasis on bioremediation and phytoremediation. David Glass has previously presented and published reports on international bioremediation activities and markets, and on the impact of biotechnology regulation on bioremediation and phytoremediation activities. At the Second International Phytoremediation Conference in June 1997, Dr. Glass presented the first published estimates of the phytoremediation market, figures which are updated by the 1998 study. Additional information on D. Glass Associates is available at the firm's website, www.channel1.com/dglassassoc/.