Oil Spill Management Market To Reach $183.50 Billion By 2030

Oil Spill Management Market Growth & Trends

The global oil spill management market size is expected to reach USD 183.50 billion by 2030, expanding at a CAGR of 3.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Globally increasing onshore and offshore drilling activities are the major factor driving the market growth. Rising oil spill incidents from past five years along with strict environmental regulations are anticipated to remain a key factor for the global market. Moreover, increase in the marine oil & gas transportation globally is also projected to have a positive impact on market growth.

Skimmers post oil-spill response technique emerged as the major technology segment in the year 2023. The method involves the usage of weir skimmers, oleophilic skimmers, and non-oleophilic skimmers to clean up an oil spill. Strict oil & gas transport regulation along with rising concern regarding product losses in maritime trade is anticipated to positively impact market growth.

Skimmers post oil-spill response technique emerged as the major technology segment in the year 2015. The method involves the usage of weir skimmers, oleophilic skimmers, and non-oleophilic skimmers to clean up an oil spill. Strict oil & gas transport regulation along with rising concern regarding product losses in maritime trade is anticipated to positively impact market growth.

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Oil Spill Management Market Report Highlights

• Double-hulling technology is the major pre-oil spill management Technology for the past few years and accounted for over 77.7% of the market in 2023.

• Offshore was the largest application for pre-oil spill management in the year 2023, accounting for over 61.5% of the overall total market.

• North America was the largest pre-oil spill management market in 2023. The region is anticipated to gain market share on the account of rising oil & gas E&P activities.

• Asia Pacific oil spill management market is expected to grow at an anticipated CAGR of 4.1% from 2024 to 2030

Oil Spill Management Market Segmentation

Grand View Research has segmented the global oil spill management market report based on technology, location, and region:

Oil Spill Management Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Pre-oil spill Management

  • Double-hull

  • Pipeline leak detection

  • Blow-out preventers

  • Others

• Post-oil spill Management

  • Mechanical

  • Chemical

  • Biological

  • Physical

Oil Spill Management Technique (Post-Oil Spill) Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical containment and recovery

  • Containment booms

    • Hard booms

    • Sorbent booms

    • Fire booms

    • Others

  • Skimmers

    • Weir skimmers

    • Oleophilic skimmers

    • Non-oleophilic skimmers

    • Others

  • Sorbent

  • Others

• Chemical recovery

  • Dispersing agents

  • Gelling agents

  • Others

• Biological recovery

• Others

Oil Spill Management Location Outlook (Revenue, USD Million, 2018 - 2030)

• Onshore

• Offshore

Oil Spill Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Norway

  • Russia

• Asia Pacific

  • China

  • India

  • Australia

  • Malaysia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Oil Spill Management Market

• National Oilwell Varco, Inc.

• Ecolab

• Oil Spill Response Limited

• SWS Environmental Services Ltd.

• American Pipeline Solutions

• SkimOIL, LLC

• OMNI Environmental Solutions

• Cameron International Corporation (SLB)

• Sorbcontrol

• American Green Ventures (US), Inc.

• Fender & Spill Response Services L.L.C

• Osprey Spill Control