Oil Spill Management Market Evolving Industry Trends 2020

The increasing pipeline and seaborne transportation of crude oils and chemicals globally is amongst the key factor boosting the oil spill management market. The increase in offshore and pipeline tanker transportation of oil and gas will also impact the oil spill management market positively.

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This research study provides an extensive review of the market for oil spill management. An analysis of the market has been presented on the basis of cumulative revenue in US$ mn. The report segments the market on the basis of technology, type, and geography. The data presented in this report is collected by conducting primary as well as secondary research and is an amalgamation of expert knowledge from industry leaders and senior analysts.

The report also includes case studies for evaluating the numerous causes of spillage and likewise the different methods being utilized for spill management are mentioned. A breakdown of the total expenditure devoted by the companies to spill management also forms an integral part of the report. In addition, the roles and interactions of numerous stakeholders right from procurement to end use are also highlighted in detail within this study.

Overview of the Oil Spill Management Market

Leakage in gas and oil pipelines is a key concern for major pipeline operators due to the high cost and risks involved in such incidents. The use of technologies to manage, prevent, and clean oil spillage and minimize its effect on its surroundings is termed as oil spill management.

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In terms of type, the market is segmented into onshore spill management and offshore spill management. In terms of technology, the oil spill management market is segmented into post-oil spill management and pre-oil spill management. Pre-oil spill management includes blowout preventers, double hulling of oil-carrying ships, and pipeline leak detection, whereas post-oil spill management includes physical, chemical, biological, and mechanical methods. Pre-oil spill management makes use of technologies for the prevention of oil spills. On the other hand, post-oil spill management uses numerous methods for cleaning, managing, and containing oil spillage.

The rise in safety concern, along with the increasing count of oil spills seen in the past few years, is expected to stimulate the oil spill management market in the coming years. Furthermore, the increase in research and development spending done by prime companies engaged in oil spill management for swift and proper oil spill cleaning is expected to bring in big opportunities for the development of this market in the forthcoming years.

On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific will witness swift development in the oil spill management market in the coming years. On the other hand, North America held the biggest share in the market between 2000 and 2013 and will continue to be a major player in the global scenario.

Key Players in the Oil Spill Management Market

National Oilwell Varco, Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, COSCO Shipyard Group Co., Ltd., Hyundai Heavy Industries Co., Ltd., Ecolab Inc., and CURA Emergency Services are the prime players operating in the market.

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