Mold remediation service market
Mold Remediation Service Market, By Surface Type (Drywall, Wood Products, Ceiling Tiles, Carpets, Others), By Mold Type (Allergic, Pathogenic, Toxic), by Service (Inspection, Remediation, Restoration), By Application (Residential, Commercial, Industrial), And by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)
- Mar 2023
- CMI5614
- 130 Pages
- Excel & Pdf
- Consumer Goods
The global mold remediation service market is projected to surpass US$ 1,622.8 Mn by the end of 2030, in terms of revenue, growing at CAGR of 3.9% during the forecast period (2023 to 2030).
Drivers
Increasing demand for mold remediation service in residential sector
Residential mold restoration services include water damage repairs, mold remediation, odor removal, weather damage repairs, board-up services, and fire damage restoration. Some major causes of mold growth during construction include inadequate building protection, poor site drainage, water buildup in basements, and others. The primary reason for mold growth during a construction project is uncontrolled moisture incursion in the form of liquid flow, condensation, high humidity, and/or capillary action that dampens building materials. Inspections for moisture incursion and quick response are therefore necessary.
Figure 1. Global Mold remediation Service Market, Revenue Share (%), By Region, 2022
North America region held dominant position in the global mold remediation service market in 2022 and expected to witness significant CAGR during the forecast period due to rising awareness about health issues caused by mold exposure. For instance, in May 2022, according to the data published by the Centres for Disease Control and Prevention, a national public health agency of the U.S., mold can cause a stuffy nose, sore throat, coughing or wheezing, burning eyes, or skin rash. People with asthma or those who are allergic to mold may have severe reactions. Immune-compromised people and people with chronic lung disease may get infections in their lungs from mold. Among some people, a mold allergy is linked to asthma and exposure to it causes restricted breathing and other airway symptoms. Increasing exposure to certain mold can cause severe asthma attacks.
Market Restraints
High cost and lack of awareness of mold exposure related issues
Mold remediation service has high cost in case of larger commercial buildings. In addition, due to the possible health dangers linked to mould exposure, mould cleanup services are frequently seen as high liability services. Certain service providers may find it challenging to secure insurance protection as a result, which may restrict their capacity to provide services in particular sectors. High cost, lack of awareness, liability concerns, and regulation, among others are hampering the global mold remediation service market growth.
Mold Remediation Service Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2022: | US$ 1,195.0 Mn |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.9% | 2030 Value Projection: | US$ 1,622.8 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
911 Restoration, ADU (All Dry USA), AdvantaClean, All US Mold Removal, ASAP Restoration, LLC, BELFOR, COIT Pro, Flood Pros USA, GIORDANO RESTORATION, IDC, Mold Zero, Paul Davis Restoration, Inc., PuroClean, Restoration Pro, RestoreMasters LLC, ServiceMaster Restore, SERVPRO, Snyder Environmental, South Florida Water and Mold Restoration, Inc., Taylored Restoration |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
Increasing severity of natural disasters
Mold remediation is used for building material surfaces or the removal of contaminated building materials that are unsalvageable and other activities including applying biocides or antimicrobial compounds and sanitization protocols are intended to prevent future mold contamination. The increasing severity of natural disasters, flood and wildfire concerns, and aging homes and infrastructure are all contributing to the market growth. Natural disasters are becoming more common as a result of climate change, making repair services even more critical. For instance, in 2021, the Emergency Event Database (EM-DAT) recorded 432 disastrous events related to natural hazards worldwide
Figure 2. Global Mold remediation Service Market, Revenue Share (%), by Service, in 2022
On the basis of service, global mold remediation service market is classified into inspection, remediation, and restoration. Among these, remediation segment accounted largest market share in the global mold remediation service market in 2022 Mold is found in both, indoor and outdoor environment. Mold can enter homes through open doorways, windows, vents, and heating and air conditioning systems. Mold in the air outside can also attach itself to clothing, shoes, and others. When mold spores drop on places where there is excessive moisture, such as leakage in roofs, pipes, walls, and plant pots or where there has been flooding, mold will grow. Mold remediation identifies the cause of active mold growth, which is driving the segment growth.
By application, the global mold remediation service market is categorized into residential, commercial, and industrial. Among these application, residential segment held the highest market share in 2022. The disposal income of home owners has increased significantly, especially in developing nations such as India, China, and others. This has led to an increased demand for mold remediation services to increase the standard of life, which is driving the segment growth.
Global Mold Remediation Service Market- Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 had negatively impacted the overall global economy. There was disruption in supply chain of raw materials and lack of skilled labors due to strict lockdown which hampered the global mold remediation service market growth. In addition, outbreak of COVID-19 had negatively impacted on the projects of mold remediation due to the spread of coronavirus. These was the major factors which limited the global mold remediation service market growth during pandemics.
Competitive Section
911 Restoration, ADU (All Dry USA), AdvantaClean, All US Mold Removal, ASAP Restoration, LLC, BELFOR, COIT Pro, Flood Pros USA, GIORDANO RESTORATION, IDC, Mold Zero, Paul Davis Restoration, Inc., PuroClean, Restoration Pro, RestoreMasters LLC, ServiceMaster Restore, SERVPRO, Snyder Environmental, South Florida Water and Mold Restoration, Inc., Taylored Restoration
Definition – Mold remediation service is one of the types of service that involves removal of mold from contaminated building areas. In addition, mold can cause several health issues including asthma, allergies, and others, which boosting demand for mold remediation service across the globe. Furthermore, this service is used to maintain indoor environment and further offers prevention from spread of mold regarding health issues.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Surface Type
- Market Snippet, By Mold Type
- Market Snippet, By Service
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- Market Dynamics
- Global Mold Remediation Service Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Mold Remediation Service Market– COVID-19
- Impact Analysis
- Global Mold Remediation Service Market, By Surface Type 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Drywall
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Wood Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Ceiling Tiles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Carpets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Mold Remediation Service Market, By Mold Type 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Allergic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Pathogenic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Toxic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Mold Remediation Service Market, By Service 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Inspection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030 , (US$ Mn)
- Remediation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Restoration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Mold Remediation Service Market, By Application 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Mold Remediation Service Market, By Region, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017-2030
- North America
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2030
- Country Trends
- Market Size and Forecast, By Surface Type, 2017-2030, (US$ Mn)
- Market Size and Forecast, By Mold Type, 2017-2030, (US$ Mn)
- Market Size and Forecast, By Service, 2017-2030, (US$ Mn)
- Market Size and Forecast, By Application, 2017-2030, (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Surface Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Mold Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Service, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Application, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 , (US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Surface Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Mold Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Service, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Application, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 , (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Surface Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Mold Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Service, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Application, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 , (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Surface Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Mold Type, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Service, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Application, 2017-2030 , (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 , (US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- South Africa
- North Africa
- Central Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- 911 Restoration
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- ADU (All Dry USA)
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- AdvantaClean
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- All US Mold Removal
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- ASAP Restoration, LLC
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- BELFOR
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- COIT Pro
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Flood Pros USA
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- GIORDANO RESTORATION
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- IDC
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Mold Zero
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Paul Davis Restoration, Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- PuroClean
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Restoration Pro
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- RestoreMasters LLC
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- ServiceMaster Restore
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- SERVPRO
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Snyder Environmental
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- South Florida Water and Mold Restoration, Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Taylored Restoration
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- 911 Restoration
- Section
- References
- Research Methodology
- About us and Sales Contact
* Browse 30 market data tables* and 25 figures* on "Global Mold Remediation Service Market” - Forecast to 2030.
Detailed Segmentation:
- Global Mold Remediation Service Market, By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- Global Mold Remediation Service Market, By Mold Type:
- Allergic
- Pathogenic
- Toxic
- Global Mold Remediation Service Market, By Service:
- Inspection
- Remediation
- Restoration
- Global Mold Remediation Service Market, By Application:
- Residential
- Commercial
- Industrial
- Global Mold Remediation Service Market, By Region:
- North America
- By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- By Mold Type:
- Allergic
- Pathogenic
- Toxic
- By Service:
- Inspection
- Remediation
- Restoration
- By Application:
- Residential
- Commercial
- Industrial
- By Country:
- U.S.
- Canada
- By Surface Type:
- Latin America
- By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- By Mold Type:
- Allergic
- Pathogenic
- Toxic
- By Service:
- Inspection
- Remediation
- Restoration
- By Application:
- Residential
- Commercial
- Industrial
- By Country:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- By Surface Type:
- Europe
- By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- By Mold Type:
- Allergic
- Pathogenic
- Toxic
- By Service:
- Inspection
- Remediation
- Restoration
- By Application:
- Residential
- Commercial
- Industrial
- By Country:
- U.K.
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
- By Surface Type:
- Asia Pacific
- By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- By Mold Type:
- Allergic
- Pathogenic
- Toxic
- By Service:
- Inspection
- Remediation
- Restoration
- By Application:
- Residential
- Commercial
- Industrial
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- Rest of Asia Pacific
- By Surface Type:
- Middle East & Africa
- By Surface Type:
- Drywall
- Wood Products
- Ceiling Tiles
- Carpets
- Others
- By Mold Type:
- Allergic
- Pathogenic
- Toxic
- By Service:
- Inspection
- Remediation
- Restoration
- By Surface Type:
- Residential
- Commercial
- Industrial
- By Sub-region:
- Middle East
- Africa
- By Surface Type:
- North America