Press release
Oil Spill Dispersants Market Outlook to 2025, Update 2019 - Market Trends, Regulations, and Competitive Landscape
Oil Spill Dispersants Market
The global oil spill dispersants market size is estimated to reach up to USD 22.1 billion by 2025 mainly driven by frequent oil spills incidents and critical importance of restricting the after effect of oil spills on the surrounding environment. These dispersants are effective when used in steady weather conditions, as high tides will reduce the effectiveness of dispersants. Such limitations of oil spill dispersants are primary restraining factors for the global oil spill dispersants market.
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In the application segment, the market share for offshore application of oil dispersants was more than 70% in the year 2017. Similarly, the onshore application segment is estimated to grow at a steady rate due to newly found onshore oil sources and frequent oil spills while transporting or drilling the oil. Onshore drilling accounts for 70% of oil production, which is expected to grow in coming years. This will further enhance the demand for oil spill dispersants in onshore spill areas.
Global Oil Spill Dispersants Market Value Share, By Application, 2017 (%)
Geographically, Asia Pacific will be leading the global oil spill dispersants market driven by increasing oil demand in the region and increasing production pressures on oil companies to further explore existing or new offshore and onshore oil sources. Such explorations activities are definitely expected to have some incidents due to technological/equipment failure or human error. Similar to Asia-Pacific region, Middle East & Africa represent contribute to a large portion of global oil demand. Global financial, commercial and political pressures around oil production & demand will definitely force oil companies to take risks while exploring new oil sources.
ACME Environmental, Inc, Blue Ocean Tackle, Inc, Blue Ocean Tackle, Inc, Canadyne Technologies, Chemtex, Inc., and Desmi A/S, are amongst the leading players present within the global oil spill dispersants market.
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Key segments of the global oil spill dispersants market
Application Type Overview, 2015-2025 (USD million)
Offshore
Onshore
Regional Overview, 2015-2025 (USD million)
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Spain
Rest of Europe
Asia-Pacific
China
Australia
India
Rest of Asia Pacific
South America
Brazil
Venezuela
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Kuwait
Nigeria
Rest of Middle East & Africa
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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