Mold remediation services help remove mold from structures like homes, commercial buildings, schools and other structures by following EPA guidelines. Mold grows in wet and damp areas and can have negative health effects like allergy symptoms, asthma attacks etc. The need for fast and safe removal of mold after natural disasters like floods has increased demand for professional services.
The global mold remediation service market is estimated to be valued at US$ 1241.61 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand for fast and efficient mold remediation services after natural disasters like floods has accelerated market growth. Professional mold remediation uses containment, personal protective equipment and EPA approved methods to remove mold quickly and minimise health risks. This trend allows property owners to safely access affected areas sooner. The key benefits of professional services include comprehensive inspection, testing, containment and disposal in accordance with EPA guidelines to completely eliminate mold.
Segment Analysis
The global mold remediation service market is dominated by the residential segment. Mold grows in damp areas and occurs in various parts of residential units such as basements, bathrooms, kitchens, and attics. With increasing construction of new residential units and growth in the real estate sector, the residential segment has emerged as the largest application segment in the mold remediation service market.
Key Takeaways
The Global Mold Remediation Service Market Size is expected to witness high growth during the forecast period of 2023-2030. The global Mold Remediation Service Market is estimated to be valued at US$ 1241.61 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030.
Regional analysis
North America currently holds the largest share in the mold remediation service market owing to factors such as changing climatic conditions, increased construction activities, high awareness about health hazards caused by mold. The United States accounts for the major market share in the region.
Key players related content comprises
Key players operating in the mold remediation service market are HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology.
For More details on the topic:
https://www.marketwebjournal.com/mold-remediation-services-market-market-size-and-share-analysis/
