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)

Published In : Mar 2023

Code : CMI5614

Pages :130

Formats :

Excel and PDF

Industry : Consumer Goods

Market Challenges And Opportunities

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.

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.