“Oil Spill Management Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oil spill management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for oil spill management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oil spill management market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Pre-Oil Spill Management; Post-Oil Spill Management
- 2) By Response Technique: Mechanical Containment and Recovery; Chemical Recovery; Biological Recovery
- 3) By Application: Offshore; Onshore
- Companies Mentioned: Ecolab, National Oilwell Varco; Northern Tanker Company; SkimOil; Hyundai Heavy Industries Co. Ltd.; CURA Emergency Services
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the oil spill management market are Ecolab, National Oilwell Varco, Northern Tanker Company, SkimOil, Hyundai Heavy Industries Co. Ltd., CURA Emergency Services, Fendercare Marine, Osprey Spill Control (OSC), Sapura GE Oil & Gas Services SdnBhd, OMI Environmental Solutions(OMIES), Oil Soil Response Ltd., VikomaInternational, Oil Recovery and Environment Protection, MARKLEEN, Lamor Corporation, and American Green Ventures Inc.
The global oil spill management market is expected to grow from $139.36 billion in 2022 to $143.92 billion in 2023 at a compound annual growth rate (CAGR) of 3.27%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The oil spill market is expected to reach $163.54 billion in 2027 at a CAGR of 3.25%.
The oil spill management market includes revenues earned by entities by double hut, blowout preventers, pipeline leak detection, mechanical containment methods and chemical and biological management methods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Oil spill management refers to the process of controlling an oil spill to reduce and contain the spill's size as well as its environmental impact. Oil spills is partially managed via chemical dispersion, combustion, mechanical containment, and adsorption.
North America was the largest region in the oil spill management market in 2022. The regions covered in the oil spill management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The two major types of oil spill management are pre-oil spill management and post-oil spill management. Pre-oil spill protection comprises devices for detecting pipeline leaks, blowout preventers, double hulls, etc. Various response techniques involved in oil spill management are mechanical containment and recovery, chemical recovery, and biological recovery, used in offshore and onshore appliactions.
An increase in offshore and onshore drilling activities is expected to propel the growth of the oil spill management market. Onshore drilling is the process of creating on-land oil fields, gas deposits, and geothermal energy sources. Whereas offshore drilling is a mechanical procedure involving drilling a wellbore beneath the seafloor. Oil spill management is used to decrease and limit oil spills in wells and restrict environmental expansion. For instance, in March 2021, according to an article shared by the Oil & Gas Journal, an Oklahoma-based leading petroleum industry weekly publication, from the 46,000 wells drilled in 2020 to about 51,700 wells in 2021, onshore drilling activity is anticipated to rise by 12%, and then by another 19% in 2022 to reach around 61,700 wells. In the offshore sector, Rystad anticipates that drilling will pick up roughly 10% year over year in both 2021 and 2022. Thus, increasing offshore and onshore drilling activities are expected to drive the growth of the oil spill management market.
Technological advancement is a key trend in the oil spill management market. The major players in the oil spill management industry are concentrating on developing innovative technology to maintain their market share. For instance, in April 2022, Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australia-based government agency for scientific research, introduced new oil spill response technology to eliminate microscopic oil particles. A typical sponge is considered in the process and is coated with a particular polystyrene-based polymer. The sponge is coated with a superhydrophobic polymer layer. That is, it repels water exceedingly well. However, it is extremely effective at separating oil from water emulsions: the oil soaks into the sponge while the water wicks away. The method can be utilized after the majority of the oil has been extracted (the skimming operation'). This is when the oil concentration in the water is incredibly low but nonetheless detrimental to the ecosystem. Even at extremely low concentrations (less than 1000 ppm), hydrophobic sponges may separate oil from water.
In March 2021, Lamor Corporation, a Finland-based company focusing on environmental services and products, acquired Harbo Technologies for an undisclosed amount. Through this acquisition, the effectiveness of cleanup is increased by Harbo's oil spill first response system, which also improves the whole oil spill response procedure. A portfolio of response products and solutions already robust will benefit greatly from the quick response oil spill solutions offered by Harbo. Harbo Technologies is an Israel-based oil spill management company.
The countries covered in the oil spill management market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The oil spill management market research report is one of a series of new reports from The Business Research Company that provides oil spill management market statistics, including oil spill management industry global market size, regional shares, competitors with a oil spill management market share, detailed oil spill management market segments, market trends and opportunities, and any further data you may need to thrive in the oil spill management industry. This oil spill management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Oil Spill Management Market Characteristics
3. Oil Spill Management Market Trends And Strategies
4. Oil Spill Management Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Oil Spill Management Market
- 4.2. Ukraine-Russia War Impact On Oil Spill Management Market
- 4.3. Impact Of High Inflation On Oil Spill Management Market
5. Oil Spill Management Market Size And Growth
- 5.1. Global Oil Spill Management Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Oil Spill Management Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Oil Spill Management Market Segmentation
- 6.1. Global Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pre-Oil Spill Management
- Post-Oil Spill Management
- 6.2. Global Oil Spill Management Market, Segmentation By Response Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Mechanical Containment and Recovery
- Chemical Recovery
- Biological Recovery
- 6.3. Global Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Offshore
- Onshore
7. Oil Spill Management Market Regional And Country Analysis
- 7.1. Global Oil Spill Management Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Oil Spill Management Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Oil Spill Management Market
- 8.1. Asia-Pacific Oil Spill Management Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Oil Spill Management Market
- 9.1. China Oil Spill Management Market Overview
- 9.2. China Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Oil Spill Management Market
- 10.1. India Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Oil Spill Management Market
- 11.1. Japan Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Oil Spill Management Market
- 12.1. Australia Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Oil Spill Management Market
- 13.1. Indonesia Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Oil Spill Management Market
- 14.1. South Korea Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Oil Spill Management Market
- 15.1. Western Europe Oil Spill Management Market Overview
- 15.2. Western Europe Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Oil Spill Management Market
- 16.1. UK Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Oil Spill Management Market
- 17.1. Germany Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Oil Spill Management Market
- 18.1. France Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Oil Spill Management Market
- 19.1. Eastern Europe Oil Spill Management Market Overview
- 19.2. Eastern Europe Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Oil Spill Management Market
- 20.1. Russia Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Oil Spill Management Market
- 21.1. North America Oil Spill Management Market Overview
- 21.2. North America Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Oil Spill Management Market
- 22.1. USA Oil Spill Management Market Overview
- 22.2. USA Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Oil Spill Management Market
- 23.1. South America Oil Spill Management Market Overview
- 23.2. South America Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Oil Spill Management Market
- 24.1. Brazil Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Oil Spill Management Market
- 25.1. Middle East Oil Spill Management Market Overview
- 25.2. Middle East Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Oil Spill Management Market
- 26.1. Africa Oil Spill Management Market Overview
- 26.2. Africa Oil Spill Management Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Oil Spill Management Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Oil Spill Management Market Competitive Landscape And Company Profiles
- 27.1. Oil Spill Management Market Competitive Landscape
- 27.2. Oil Spill Management Market Company Profiles
- 27.2.1. Ecolab, National Oilwell Varco
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Northern Tanker Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. SkimOil
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Hyundai Heavy Industries Co. Ltd
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. CURA Emergency Services
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Oil Spill Management Market
29. Oil Spill Management Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer