United States Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market is undergoing significant growth as various industries are placing greater importance on the proper disposal and management of NORM waste. These materials, which are found naturally in the environment, can pose significant risks to public health and the environment if not managed appropriately. NORM is commonly found in industries such as oil and gas, mining, and water treatment, where radioactivity can accumulate as a byproduct of extraction and processing activities.
Industries involved in oil and gas extraction, for instance, often encounter NORM waste during drilling activities. The radium and thorium found in deep earth deposits can rise to the surface along with extracted materials, requiring safe disposal. The mining sector similarly generates NORM waste as certain minerals, like uranium or thorium, contain naturally occurring radioactive elements that can pose serious environmental hazards if left unmanaged. The need for proper waste management in these sectors has given rise to a growing market for NORM disposal and waste management services, ensuring safe handling and storage of radioactive byproducts.
In response to growing regulatory pressure and environmental concerns, many US companies are turning to specialized NORM waste management services. These services include treatment, containment, and storage solutions that are designed to minimize exposure to harmful radiation. With advances in technology, new methods of treating and disposing of NORM waste have become more efficient, allowing for safer long-term storage and disposal. As industries become more aware of the health and environmental risks associated with NORM waste, demand for these specialized services is expected to increase.
Regulatory bodies like the Environmental Protection Agency (EPA) and the Nuclear Regulatory Commission (NRC) have established strict guidelines for NORM disposal. Compliance with these regulations is essential for avoiding penalties and ensuring that businesses are not contributing to environmental contamination. The US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market will continue to expand as industries adapt to these evolving regulatory frameworks, ensuring that waste disposal practices meet both safety standards and public health requirements.
As a result, industries across the US are increasingly relying on NORM waste management solutions to manage the radioactive byproducts of their operations. This market is projected to see significant growth in the coming years, driven by both technological advancements and stricter environmental policies. With an emphasis on sustainable practices and safety, the demand for NORM disposal and waste management services is expected to rise, ensuring that businesses remain compliant while minimizing environmental impact.
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Waste Management
Clean Harbors
Veolia Group
Tervita Corporation
Stork
Secure Energy Services
Studsvik AB
Buckhorn Waste Services
Clym Environmental Services LLC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market
Solid Waste
Liquid Waste
Gaseous Waste
Landfilling
Deep-Well Injection
Incineration
Storage and Containment
Oil and Gas Industry
Nuclear Power Generation
Mining and Mineral Processing
Chemical and Petrochemical Industry
Chemical Treatment
Physical Treatment
Biological Treatment
Thermal Treatment
International Standards
National Regulations
Industry-Specific Standards
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market, By Type
6. US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market, By Application
7. US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Naturally Occurring Radioactive Material (NORM) Disposal & Waste Management Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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