Press release
Emergency Spill Response Market Expected to Reach 3800 million US$ by 2025, with a CAGR of 5.2% during 2018-202
This report focuses on detailed segmentations of the market, combined with the qualitative and quantitative analysis of each and every aspect of the classification based on type, spill material, spill environment, vertical, and geography. Based on type, the emergency spill response market has been classified into products and services. The products include booms, skimmers, dispersants and dispersant products, in-situ burning products, sorbents, transfer products, radio communication products, and vacuum products. The services segment has been classified into product rental services, waste management services, manpower training services, transportation and disposal services, spill response drill and exercise services, tracking and surveillance services, risk assessments and analysis services, and other services.
The market is expected to have significant growth in the coming years owing to stringent environmental regulations across world to reduce the environmental pollution from spills.
Skimmers held the largest share of the market based on product type
Skimmers held the largest market size, in terms of product, primarily due to the increased demand for mechanical recovery methods for spill recovery. Unlike other methods, the mechanical recovery methods remove the spill material from the spill environment. Thus, skimmers are more effective in mitigating the environmental impact of the spills.
In 2017, the global Emergency Spill Response market size was 2530 million US$ and it is expected to reach 3800 million US$ by the end of 2025, with a CAGR of 5.2% during 2018-2025.
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The key players covered in this study
Clean Harbors
Veolia Environnement
OSRL
Desmi A/S
US Ecology
Briggs Marine & Environmental Services
MWCC
Elastec
Adler and Allan
Vikoma International
Market segment by Type, the product can be split into
Skimmers
Booms
Dispersants & Dispersant Products
Sorbents
Transfer Products
Radio Communication Products
Others
Market segment by Application, split into
Spills in Water Body
Spills on Land
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