Mold remediation service is referred as professional service, which includes prevention and removal of mold growth in buildings, homes, and other contaminated areas. This process involves several stapes including inspection, containment, removal, cleaning, and prevention of mold contaminated surface areas. Mold can cause several health issues such as allergies, infections, and respiratory problems, among others.
Rising awareness about the ill-effects of molds
Mold spore is common component of workplace and household dust. Mold has several health problem to humans such as respiratory diseases and allergic reactions. In addition, mold produces allergens, which are substances that can cause allergic reactions and irritants. Inhaling or touching mold spores or mold can cause allergic reactions to sensitive individuals. Moreover, most allergic includes high fever-type symptoms such as red eyes, skin rash, runny nose, and sneezing, among others. Furthermore, exposure to mold causes sinusitis, eye irritation, nasal congestion, rhinorrhea, cough, skin irritation, lungs issues, headache, and throat irritation, and among others. It also causes asthma attacks in people those who are allergic to mold. Thus, increasing awareness regarding ill-effects of molds is fueling demand for mold remediation service.
Increasing adoption of inorganic strategies such as acquisition by key players in the market
Key players operating in the global mold remediation service market are adopting various growth strategies such as new product launches, expansion, collaborations, joint ventures, mergers & acquisitions, partnership, strategic alliances, takeovers, and others to expand their geographical reach and service portfolio in the global market. For instance, in February 2020, 911 Restoration, a disaster restoration company, that provides water damage, sanitization, mold, and fire restoration services, expanded its franchise in Santa Barbara, California CA, Des Moines & Cedar Rapids, IA, Boulder & North Denver, CO, Marietta, and other locations in the U.S. This is the company’s growth strategy to target its key markets. For instance, in October 2020, COIT Pro, an indoor and outdoor restoration and repair service provider that offers services in residential and commercial areas in the U.S. and Canada, acquired Cintas Deep Clean, a provider of deep cleaning services. COIT pro with the help of Cintas Deep Clean offers deep cleaning services such as carpets & area rugs, tile & grout, air ducts, natural stone, wood floors upholstery, and others in the U.S. regions.
Use of harmful chemicals is hindering the market growth
Chemicals including hydrogen peroxide, chlorine (bleach), quaternary ammonium compounds, iodophors, essential oils, and others, which are highly used by the mold remediation service companies have harmful impact on the environment. These harmful chemicals cause suffocation and irritation, sneezing, runny or stuffy nose, cough and postnasal drip, itchy eyes, nose, and throat, watery eyes, and dry, scaly skin for people around. Thus, utilization of harmful chemicals in mold remediation service is hindering the global mold remediation service market growth.
Key features of the study:
*” marked represents similar segmentation in other categories in the respective section.