* Cleanzine_logo_3a.jpgCleanzine: your weekly cleaning and hygiene industry newsletter 30th June 2022 Issue no. 1023

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New report on Environmental Services sector discusses key trends

* Enviro-report.jpgThe July 2016 edition of the Environmental Services Insider, which discusses key trends and issues affecting the environmental and industrial services industry, says that the growing complexity of regulations, an aging infrastructure and increased outsourcing are driving demand for industrial services and special waste management.

It adds that merger and acquisition activity is gaining momentum as market participants look to achieve cost advantages through scale, with strategic acquisitions offering diversification into complementary service areas and geographic markets.

Documenting key operating issues, consolidation trends, and market forces that are impacting growth, the report is supported by findings from a widely responded to survey and interviews with leading executives and investors in the sector.

"Refineries and chemical plants are facing more stringent regulation, and maintenance costs have climbed sharply," commented Andrew DeBusk, CEO of DeBusk Services Group, a participant in the report. "That is creating opportunities for the industrial cleaning market."

Ed Genovese, CEO of TAS Environmental Services, another report participant, stated: "Oil and gas has a growing need for technical field services. It is a market segment under intense regulatory pressure.

"Sustainability initiatives and tightening regulatory requirements are governing higher standards for waste management.

"Today there is a lot more thought around decision trees for waste management. When there are opportunities for reuse or reclamation outside of incineration or landfill, it creates opportunities for companies like ours."

Companies are increasingly turning to experts to manage field service work, stimulating demand for industrial cleaning and in-plant opportunities to manage waste and logistics on-site.

The competitive landscape remains highly fragmented, and consolidation is accelerating. Some 75% of survey respondents anticipate a high level of acquisitions over the next five years, while nearly two-thirds expect to be buyers as the industry undergoes further consolidation. Industry maturation is a force behind consolidation as participants look to realise cost savings and synergies to remain competitive.

Based in the US, BGL is represented in more than 50 countries across five continents.

T: 216.920.6634
E: [email protected]
W: www.bglco.com

28th July 2016

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