A new Transparency Market Research report states that the global oil spill management market stood at US$94.2 bn in 2013 and is predicted to reach US$114.4 bn by 2020. It is expected to expand at a CAGR of 2.80% from 2014 to 2020. The title of the report is “Oil Spill Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”.
According to the report, increasing safety concerns, coupled with the rising number of incidents of oil spills in the past few years, are predicted to boost the market for oil spill management. Furthermore, rising pipeline and seaborne transportation of chemicals and crude oil all around the world is amongst the prime factors fuelling the oil spill management market.
In addition, strict regulations made by governments around the world for using safety technologies and devices during transportation and drilling of crude oil is also a major factor stimulating the market for oil spill management. The rising offshore and pipeline tanker transportation of oil and gas is also predicted to have a positive impact on the demand for oil spill management. Additionally, the rising research and development spending by top oil spill management companies for rapid and efficient spill cleaning is predicted to lead to promising opportunities for the growth of the market in the coming years.
The report segments the global oil spill management market in terms of product type, technology, and geography.On the basis of type, the market is segmented into onshore spill management and offshore spill management. On the basis of technology, the oil spill management market is segmented into pre-oil spill and post-oil spill. Pre-oil spill management includes double hulling, blowout preventers, and pipeline leak detection. On the other hand, the post-oil spill management segment includes mechanical, physical, and chemical and biological methods intended to minimize the effects of the oil spill. Pre-oil spill management comprises technologies for preventing oil spills, whereas the post-oil spill management includes various methods utilized to clean, manage, and contain an oil spillage.
Rising drilling activities, along with strict regulations posed by governments on oil spillage, are amongst the prime factors stimulating the demand for blowout preventers. On the other hand, strict International Maritime Organization (IMO) regulations have made double-hulled ships mandatory in oil transportation. This has also increased the market share of double-hulled ships on a global level.
On the basis of geography, the global oil spill management market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America constituted the biggest share in the market from 2000 to 2013. On the other hand, Asia Pacific is anticipated to dominate the market for pre-oil spill management in the forecast horizon. The presence of big shipping industries has raised the orders for double-hulled ships in China, Japan, and South Korea.
The global Oil Spill Management Market size is projected to grow beyond USD 125.62 billion by 2024.
Also, escalating pipeline and seaborne shipping of crude oil and chemicals could positively impact the market further.The market is fragmented by technologies, techniques, applications, and regions.
Double-hulling was the dominant segment in 2015 with highest shares.
Marine trade registers for a majority of petroleum products and natural gas transportation.
Pre-oil spill covers onshore and offshore sectors.
Browse Details of Report @ https://www.hexaresearch.com/research-report/oil-spill-management-marketPost-oil spill management also includes of onshore and offshore segments.
April 27, 2020 — Global Oil Spill Management Market is expected to cross a higher CAGR during the forecast period.
Oil spill waste management results in generation and collection of huge quantities of oily waste.
Gravel, emulsified oil, oiled sand, and accumulated debris could raise the waste volume to a greater extent of oil split originally.
Market driving factors for oil spill management industry include rise in oil & gas transportation coupled with stringent policies of government pertaining to safety.
Rise in huge investments for R positively is likely to impact the market development in the near future.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/oil-spill-management-market/request-sample Global Oil Spill Management Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
Global Oil Spill Management Market Research Report 2019-2025The Oil Spill Management Market report provides an independent information about the Oil Spill Management industry supported by extensive research on factors such as industry segments, size & trends, inhibitors, dynamics, drivers, opportunities & challenges, environment & policy, cost overview, porter’s five force analysis, and key companies profiles including business overview and recent development.
The report would be based on industry data clearly referenced from authentic and reliable information sources such as statistics, industry associations, website of ministry and companies etc, market research reports, magazines, trade journals, annual reports, presentations, telephone interview etc.
Ask for Sample Report: https://www.orbisresearch.com/contacts/request-sample/2636310 The Top Key Players included in this Oil Spill Management market Report are National Oilwell Varco, Cameron International Corporation, Fender & Spill Response Services L.L.C, Control Flow Inc., SkimOil, Inc, Northern Tanker Company, GE Oil & Gas, Cosco Shipyard Group Co., Ltd., CURA Emergency Services, Ecolab Inc, SkimOil.The report includes regions as follows: North America, US, Canada, Mexico, Europe, UK, Sweden, Germany, Spain, Russia, France, Rest of Europe, Asia & Pacific, China, Japan, India, Korea, Australia, Southeast Asia, Rest of Asia & Pacific, LAMEA, Latin America , Middle East, AfricaTable of Content:Global Oil Spill Management Market Research Report 2019-20251 Executive Summary2 Methodology3 Trends And Drivers4 Market Dynamics5 Market And Technical Challenges6 Porter’s Five Force Analysis7 Value Chain Analysis8 Oil Spill Management MARKET, BY TYPE9 Global MARKET, BY REGIONS10 Top Company10.1 market, like10.1.1 Business Overview10.1.2 Recent Development10.2 National Oilwell Varco10.3 Cameron International Corporation10.4 Fender & Spill Response Services L.L.C10.5 Control Flow Inc.10.6 SkimOil, Inc10.7 Northern Tanker Company10.8 GE Oil & Gas10.9 Cosco Shipyard Group Co., Ltd.10.10 CURA Emergency Services10.11 Ecolab Inc10.12 SkimOil…ContinuedGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2636310 About Orbis ResearchOrbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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