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Global Oil Spill Management Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Oil Spill Management Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Oct 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Oil Spill Management Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 147.53 Billion
Diagram Market Size (Forecast Year) USD 189.37 Billion
Diagram CAGR %

Major Markets Players

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Global Oil Spill Management Market, By Technology, (Pre-Oil Spill, Post Oil Spill), Product Type (Onshore, Offshore), Response Technique (Mechanical Containment and Recovery, Skimmers, Chemicals, Biological Recovery, Others) – Industry Trends and Forecast to 2029.

Oil Spill Management Market

 Oil Spill Management Market Analysis and Size

Growing safety concerns with the increasing figures of oil spill incidents globally in last few years are likely to boost the global market in upcoming years. The need to handle operational oil spills from industries such as refining and marketing, exploration and development and chemical drive the oil spill management market's growth. These industries have been engaged in a number of seaborne crude oil and chemical shipping and pipeline all over the globe.

Data Bridge Market Research analyses that the oil spill management market is expected to undergo a CAGR of 3.17% during the forecast period. This indicates that the market value, which was USD 147.53 billion in 2021, would rocket up to USD 189.37 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Oil Spill Management Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Technology, (Pre-Oil Spill, Post Oil Spill), Product Type (Onshore, Offshore), Response Technique (Mechanical Containment and Recovery, Skimmers, Chemicals, Biological Recovery, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Exxon Mobil Corporation (U.S.), BASF SE (Germany), SkimOIL, LLC (U.S.), Schlumberger Limited (U.S.), Northern Marine Group (India), COSCO SHIPPING HEAVY INDUSTRY CO., LTD. (China), CURA Emergency Services (U.S.), Control Flow Inc, (U.S.), General Electric (U.S.), Ecolab (U.S.), FSRS (UAE), MARATHON OIL COMPANY (U.S.), Hyundai Heavy Industries Co., Ltd, (South Korea), Chemtex Speciality Limited (India), Osprey Spill Control (U.S.), Organization of the Petroleum Exporting Countries (Switzerland), Terra Contracting Companies (U.S.), Vikoma International Limited (U.K.),  Darcy (U.K.), Lamor Corporation Plc (Finland)

Market Opportunities

  • Strict rules and regulations mandate high investments to oil spill management
  • Increasing quantity of seaborne deals is projected to outcome in high expenditures on offshore oil spill management  

Market Definition

Oil spill management aims to limit and decrease oil spills and limit and control their spreading in the environment. Oil spill management primarily entails the use of technologies devising appropriate clean-up strategies post spilling, to prevent oil spills and implementing techniques to reduce waste and devastating ecological effect of the spilt oil. 

Global Oil Spill Management Market Dynamics

Drivers

  • Rising environmental concern

Increasing concern regarding the harmful environmental impacts from hull-breach incidents has urged governments and international organizations to standardize the tanker design. Additionally, it has also resulted in improving tanker protection efficiency against natural disasters and collisions. These are some major environmental factors anticipated to boost the demand for the double-hull technology and drive the market's growth rate.

  • High usage of mechanical containment and recovery response technique

Mechanical containment and recovery was the highly used post-oil spill management response technique in the last few years, accounting for over 61% of the overall market in 2015. This method involves the use of sorbents, containment booms, and skimmers for cleaning up an oil spill. These response techniques are highly useful for large-scale spills in deep-sea and near-shore areas.

Moreover, rise in the environmental concerns, increasing oil spill impacts on soil fertility immense transportation of crude oil are some major factors which is directly impacts the growth of the oil spill management  market during the forecast period.

Opportunities

  • initiatives and stringent rules associated with oil spillage and leakage

Several initiatives have been taken by governments and safety agencies such as Occupational Safety and Health Administration (OSHA), to monitor and control oil spills and leakages at the source or during oil and gas transportation. Some important requirements include the double of transportation carriers and the installation of pipeline leak detection sensors. Growing stringent safety norms and concern about preventing transportation and on-site hazards in petroleum facilities are expected to remain the major factors which is contributing to the implementation of pre-oil spill management techniques during the forecast period.

Furthermore, the increase of off-shore and on-shore activities have driven the growth in the transportation of oil and gas, increasing the demand for the oil spill management market.

Restraints/Challenges

  • Challenges associated with oil spill management

Oil spills have a devastating impact on the complete ecosystem and environment. The exploration and drilling may increase the chances of leakage, so the number of pipelines connecting each other may be harsh due to the large presence of wastage. The major challenge for the Government has made strict rules for oil spills and its leakage and to improve the strategies regarding oil spills so that there is no chance of leakage.

 This oil spill management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the oil spill management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2020, Log 9 Spill Containment developed oil sorbent pads named Sorbene, which can absorb oil, petrochemicals and other hydrocarbon-based liquids up to 86 times of its weight.
  • In January 2020, Fisheries and Oceans Canada announced that the department would offer approx., US$ 1.9 million to fund the next stage of Dr. Jianbing Li’s research. Dr. Jianbing Li is an engineer which is seeking to discover a groundbreaking solution to tackle withoil spills. Now, the techniques present for cleaning up marine oil spills which only involve collecting oily wastewater from the ocean and then transporting it to shore for disposal and processing. However, Dr. Li’s research would explore the ways to separate oil from water while the response ships are still at sea.

Global Oil Spill Management Market Scope

The oil spill management market is segmented on the basis of technology, product type and response technique. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Pre-Oil Spill
  • Blowout Preventers
  •  Double Hulling
  •  Pipeline Leak Detection
  • Post Oil Spill
  • Mechanical Containment Methods
  • Chemical and Biological Management Methods
  • Physical Management Methods

Product Type

  • Onshore
  • Offshore

Response Technique

  • Mechanical Containment and Recovery
  • Skimmers
  • Chemicals
  • Biological Recovery
  • Others

Oil Spill Management Market Regional Analysis/Insights

The oil spill management market is analysed and market size insights and trends are provided by country, technology, product type and response technique as referenced above.

The countries covered in the oil spill management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the oil spill management market in terms of market share and revenue growth due to the largest oil spill management in this region. Oil spill incidents such as Exxon Valdez, Marathon Oil and Deepwater Horizon have also resulted in the implementation of stringent regulatory framework for offshore as well as onshore oil & gas production activities in the region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to more exploration of oil and other production activities associated with oil spill market in this region. Also, encouraging government rules and initiatives such as, tax benefits and other financial help for discovering hydrocarbon reserves is projected to drive industry growth in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Oil Spill Management Market Share Analysis

The oil spill management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to oil spill management market.

Some of the major players operating in the oil spill management market are:

  • Exxon Mobil Corporation (U.S.)
  • BASF SE (Germany)
  • SkimOIL, LLC (U.S.)
  • Schlumberger Limited (U.S.)
  • Northern Marine Group (India)
  • COSCO SHIPPING HEAVY INDUSTRY CO.,LTD. (China)
  • CURA Emergency Services (U.S.)
  • Control Flow Inc, (U.S.)
  • General Electric (U.S.)
  • Ecolab (U.S.)
  • FSRS (UAE)
  • MARATHON OIL COMPANY (U.S.)
  • Hyundai Heavy Industries Co., Ltd (South Korea)
  • Chemtex Speciality Limited (India)
  • Osprey Spill Control (U.S.)
  • Organization of the Petroleum Exporting Countries (Switzerland)
  • Terra Contracting Companies (U.S.)
  • Vikoma International Limited (U.K.)
  • Darcy (U.K.)
  • Lamor Corporation Plc (Finland)

 


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The oil spill management market value was USD 147.53 billion in 2021.
The oil spill management market is projected to grow at a CAGR of 3.17% during the forecast period of 2022-2029.
The major players operating in the market are Exxon Mobil Corporation (U.S.), BASF SE (Germany), SkimOIL, LLC (U.S.), Schlumberger Limited (U.S.), Northern Marine Group (India), COSCO SHIPPING HEAVY INDUSTRY CO., LTD. (China), CURA Emergency Services (U.S.), Control Flow Inc, (U.S.), General Electric (U.S.), Ecolab (U.S.), FSRS (UAE), MARATHON OIL COMPANY (U.S.), Hyundai Heavy Industries Co., Ltd, (South Korea), Chemtex Speciality Limited (India), Osprey Spill Control (U.S.), Organization of the Petroleum Exporting Countries (Switzerland), Terra Contracting Companies (U.S.), Vikoma International Limited (U.K.), Darcy (U.K.), Lamor Corporation Plc (Finland).
The countries covered in the oil spill management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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