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Oil Spill Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020

Report Description

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.

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. 

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. 

Major geographies analyzed under this research report are: 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report:

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Preview Analysis

Rise in drilling activities globally fueled by increasing demand for energy for industrial development is one the major factors boosting the demand for pressure control equipment such as Blowout Preventers (BOPs). Moreover, stringent government regulations impose hefty penalties on oil companies that are responsible for oil spillage. This is an additional factor augmenting the demand for pre-oil spill management technologies globally.

The global oil spill management can be divided into pre- and post-oil spill management scenarios. Pre-oil spill management deals with utilization of technologies to prevent oil spills. Post-oil spill management deals with different methods employed to contain, manage or clean an oil spill. Increasing seaborne and pipeline transportation of crude oil and chemicals around the world is one the major factors influencing the oil spill management market. Moreover, stringent regulations pertaining to the utilization of safety devices and technologies while drilling or transporting crude oil is an additional factor augmenting the oil spill management market. 

The pre-oil spill management technologies include double hulling of ships, installation of blowout preventers, and pipeline leak detection systems. Increased drilling activities coupled with stringent government regulations against oil spillage are the major factors fueling the demand for BOPs. High cost associated with double hulling of ships is one of the major factors for the large market share of the double hulling segment. Stringent International Maritime Organization (IMO) regulations mandating the construction of double-hulled ships has further contributed to the large market share. 

Leaks in oil and gas pipelines have also remained a major cause of concern for pipeline operators, primarily owing to the implied risks and costs associated with such incidents. The costs associated with leakages can be in the form of lawsuits, clean-up costs, and restoration costs. Uneven distribution of fossil fuel resources along with the growing demand for energy across nations has resulted in an increased demand for hydrocarbon logistics solutions including pipelines. These pipeline installations would certainly benefit the companies providing pipeline leak detection systems. Pipeline leak detection systems alarm pipeline operators in case of a leakage from any crude oil or refined product pipelines.

Asia Pacific is expected to lead the pre-oil spill management market during the forecast period. Presence of large shipping industry has enabled countries such as South Korea, China and Japan to acquire majority of the orders for new build double-hulled ships. Rapid growth of the shipbuilding industry in Asia Pacific can be attributed to government-introduced funding through Export Credit Agency (ECA), and easy availability of steel and skilled labor. Moreover, South East Asian countries such as Vietnam, Thailand, Malaysia, Indonesia and the Philippines are also exhibiting rapid development in the domestic shipbuilding and repair industries. 

North America led the global post-oil spill management market from 2000 to 2013. Majority of the total expenditure in the region was incurred to manage the Deepwater Horizon oil spill in 2010. Mechanical containment is one of the most prevalent methods to manage oil spills. Mechanical containment includes usage of booms, barriers and skimmers. 

Some of the key participants in the global oil spill management market include Cameron International Corporation, National Oilwell Varco, Control Flow Inc., Fender & Spill Response Services L.L.C., Northern Tanker Company Oy, SkimOil, Inc., Hyundai Heavy Industries Co., Ltd., GE Oil & Gas, COSCO Shipyard Group Co., Ltd., CURA Emergency Services, and Ecolab Inc. 

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