PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128084
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128084
Oil Spill Management Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Stringent environment regulations, driving the market growth
An oil spill is the accidental release of a liquid petroleum hydrocarbon into the marine ecosystem, polluting the overall ecological balance of the environment. Oil spill control measures act to decrease and limit oil spills, as well as limit their spreading in the environment. Oil spill management is the utilization of technologies to prevent oil spills. It includes clean-up strategies post spilling to reduce the leakage, and implementing techniques to minimize waste and the devastating ecological effect of the spilled oil. Exploration and production, refining and marketing, and chemicals are the main industries that require oil spill management.
Energy and fuel like oil are the main fuels for the continuous running of economic development. The growing trade of oil among countries through sea tankers-ferries has mandated the need for oil spill management technologies and methods. Growth in oil & gas transportation through tankers has a positive impact on the global oil spill management market. Major industry players such as SkimOIL Inc., Ecolab Inc. are engaged in investing a huge amount in R&D. This has anticipated helping in building huge opportunities that will results in industry expansion over the forecast period.
In recent years, a hefty penalty has been fined on prominent oil companies for the devastating effect they caused to the ecology and economy due to operational oil spills. Stringent government regulations and safety norms towards controlling occupational threats and spills have improved the overall oil spill management practices across industries. Furthermore, safety institutions such as the Occupational Safety and Health Administration (OSHA) and the National Institute of Environmental Health Sciences (NIEHS) are working together to prevent and control the oil leakages during transportation or at the source. Overall, the global oil spill management market was US$ 144.9 Bn in 2021 and is expected to reach US$ 190.7 Bn by 2030, growing at a CAGR of 3.1% from 2022 to 2030.
Technology Type Segment Analysis
Pre-oil spill segment dominating the market
Based on technology, the market is divided into the pre-oil spill and post-oil-spill technologies used for oil spill management. Among the two, pre-oil spill management emerged as the major technology segment in 2021. In the pre-oil spill technology, double hull technology accounted for over 60% of the global pre-oil spill management market in 2021. In the post-oil spill management, mechanical containment and recovery was the largest response technique in 2021. The mechanical method uses booms, sorbents, and skimmers for cleaning up an oil spill. With the growing regulation on preventing oil spill with heavy fines, the oil tanker companies largely adopted preventive technologies such as pipeline leak detection in their tanker. This has helped the pre-oil spill technology market to grow in 2021.
Regional Analysis
North America dominating the global market by region
North America was the largest pre-oil spill management market in 2021. Oil spill incidents in the region such as Marathon Oil, Exxon Valdez, and Deep-water Horizon have also resulted in the formulation of the stringent regulatory framework for onshore as well as offshore oil & gas production activities. Moreover, the U.S. oil boom has further enhanced the tanker ferries from the region. This has also impacted the need for better oil spill management throughout the region.
On the other hand, the Asia Pacific oil spill management market is expected to show strong growth during the forecast period. Major countries where oil and gas exploration and production activities are centered on are in India, China, and South Korea. The local governments are encouraging initiatives and regulations for instance tax benefits and other financial aid for discovering hydrocarbon reserves are anticipated to push industry growth in these countries over the coming years.
Growing investment in R&D is keeping the market competitive
The global oil spill management market is competitive. Prominent players operating in the oil spill management market are adopting strategies such as a partnership with other companies, investing in R&D, acquisition of smaller players to increase their client base and geographical reach. Following is the list of players included in the published reports.
List of Companies Covered:
National Oilwell Varco.
SkimOIL, Inc.
Ecolab Inc.
Cameron International Corporation
Omi Environmental Solutions
NRC International Holdings
Osprey Spill Control, LLC
Lamor Corporation
Chemtex
Desmi AS
Oil Spill Response Limited
Others
Key Industry Development:
In November 2018, OSRL and Clean Nigeria Associates are pleased to announce the signing of a Mutual Support Agreement in Oil Spill Preparation and Response. The agreement was signed on 16th November 2018. This agreement will facilitate closer cooperation between our two well-established spill preparedness and response industry co-operatives, which will offer our members, more efficient and effective response.
In June 2018, Oil Spill Response Limited (OSRL) has launched a new, cost-effective membership option for shipping companies, offering a comprehensive level of service, with guaranteed and immediate response, 24 hours a day, 365 days per year. OSRL's new membership package provides the industry with enhanced capability of access to world-class advisory support and a dedicated physical response capability - significantly reducing the complexity of managing an incident and coordinating remediation efforts, wherever it happens.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Oil Spill Management market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Oil Spill Management market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Billion
Segmentation
Technology
Pre-oil spill Management
Double-hull
Pipeline leak detection
Blow-out preventers
Others
Post-oil spill Management
Mechanical
Chemical
Biological
Physical
Application
Onshore
Offshore
Region Segment (2020-2030; US$ Billion)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Billion )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Oil Spill Management market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Oil Spill Management market?
Which is the largest regional market for Oil Spill Management market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Oil Spill Management market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Oil Spill Management market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Oil Spill Management Market
- 2.2. Global Oil Spill Management Market, By Technology , 2021 (US$ Billion)
- 2.3. Global Oil Spill Management Market, By Application , 2021 (US$ Billion)
- 2.4. Global Oil Spill Management Market, By Geography, 2021 (US$ Billion)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Oil Spill Management Market Vendors
- 2.7.2. Strategies Adopted by Oil Spill Management Market Vendors
- 2.7.3. Key Industry Strategies
3. Oil Spill Management Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Oil Spill Management Market Value, 2020 - 2030, (US$ Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Pre-oil spill Management
- 4.3.1.1. Double-hull
- 4.3.1.2. Pipeline leak detection
- 4.3.1.3. Blow-out preventers
- 4.3.1.4. Others
- 4.3.2. Post-oil spill Management
- 4.3.2.1. Mechanical
- 4.3.2.2. Chemical
- 4.3.2.3. Biological
- 4.3.2.4. Physical
- 4.3.1. Pre-oil spill Management
5. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Onshore
- 5.3.2. Offshore
6. North America Oil Spill Management Market, 2020-2030, USD (Billion)
- 6.1. Market Overview
- 6.2. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 6.3. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 6.4.Oil Spill Management Market: By Region, 2020-2030, USD (Billion)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Oil Spill Management Market, 2020-2030, USD (Billion)
- 7.1. Market Overview
- 7.2. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 7.3. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 7.4.Oil Spill Management Market: By Region, 2020-2030, USD (Billion)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Oil Spill Management Market, 2020-2030, USD (Billion)
- 8.1. Market Overview
- 8.2. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 8.3. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 8.4.Oil Spill Management Market: By Region, 2020-2030, USD (Billion)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Oil Spill Management Market, 2020-2030, USD (Billion)
- 9.1. Market Overview
- 9.2. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 9.3. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 9.4.Oil Spill Management Market: By Region, 2020-2030, USD (Billion)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Oil Spill Management Market, 2020-2030, USD (Billion)
- 10.1. Market Overview
- 10.2. Oil Spill Management Market: By Technology , 2020-2030, USD (Billion)
- 10.3. Oil Spill Management Market: By Application , 2020-2030, USD (Billion)
- 10.4.Oil Spill Management Market: By Region, 2020-2030, USD (Billion)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. National Oilwell Varco.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. SkimOIL, Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Ecolab Inc.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Cameron International Corporation
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Omi Environmental Solutions
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. NRC International Holdings
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Osprey Spill Control, LLC
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Lamor Corporation
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Chemtex
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Desmi AS
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. Oil Spill Response Limited
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 2 Global Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 3 Global Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 4 Global Oil Spill Management Market By Application , 2020-2030, USD (Billion)
- TABLE 5 North America Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 6 North America Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 7 North America Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 8 North America Oil Spill Management Market By Application , 2020-2030, USD (Billion)
- TABLE 9 UK and European Union Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 10 UK and European Union Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 11 UK and European Union Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 12 UK and European Union Oil Spill Management Market By Application , 2020-2030, USD (Billion)
- TABLE 13 Asia Pacific Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 14 Asia Pacific Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 15 Asia Pacific Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 16 Asia Pacific Oil Spill Management Market By Application , 2020-2030, USD (Billion)
- TABLE 17 Latin America Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 18 Latin America Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 19 Latin America Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 20 Latin America Oil Spill Management Market By Application , 2020-2030, USD (Billion)
- TABLE 21 Middle East and Africa Oil Spill Management Market By Technology , 2020-2030, USD (Billion)
- TABLE 22 Middle East and Africa Oil Spill Management Market By Pre-oil spill Management , 2020-2030, USD (Billion)
- TABLE 23 Middle East and Africa Oil Spill Management Market By Post-oil spill Management , 2020-2030, USD (Billion)
- TABLE 24 Middle East and Africa Oil Spill Management Market By Application , 2020-2030, USD (Billion)
List of Figures
- FIG. 1 Global Oil Spill Management Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Oil Spill Management Market: Quality Assurance
- FIG. 5 Global Oil Spill Management Market, By Technology , 2021
- FIG. 6 Global Oil Spill Management Market, By Application , 2021
- FIG. 7 Global Oil Spill Management Market, By Geography, 2021
- FIG. 8 Global Oil Spill Management Market, By Technology , 2021 Vs 2030, %
- FIG. 9 Global Oil Spill Management Market, By Application , 2021 Vs 2030, %
- FIG. 10 U.S. Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 11 Canada Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 12 Rest of North America Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 13 UK Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 14 Germany Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 15 Spain Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 16 Italy Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 17 France Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 18 Rest of Europe Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 19 China Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 20 Japan Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 21 India Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 22 Australia Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 23 South Korea Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 24 Rest of Asia Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 25 Brazil Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 26 Mexico Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 27 Rest of Latin America Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 28 GCC Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 29 Africa Oil Spill Management Market (US$ Billion), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Oil Spill Management Market (US$ Billion), 2020 - 2030
