The global oil spill management market was valued at US$94.2 bn in 2013 and is expected to reach US$114.4 bn by 2020. Increasing seaborne and pipeline transportation of crude oil and chemicals is expected to help the global oil spill management market expand at a 2.80% CAGR during the period between 2014 and 2020.
Rising Number of Oil Spill Incidents to Drive Oil Spill Management Market
Recently, several hundred liters of oil was spilt at Northport in Whangarei Harbour, out of which some got washed away at nearby Marsden Cove. Regional harbour master Jim Lyle reported that the oil spill might have come from a ship docked at the Northport, near Marsden Point. To control the spill, the representatives placed specialized oil containment booms around the vessel and also at the nearby beaches. Oil skimming barges were used to scoop up as much oil as possible from the spill.
According to Lyle, the high tide was the reason behind oil spills that left big patches of oil along several hundred meters around Marsden Cove. Apart from this, small oil spill patches were also found at the entrance of the cove’s marina.
Rising Number of Oil Spill Incidents to Drive Oil Spill Management Market
Recently, several hundred liters of oil was spilt at Northport in Whangarei Harbour, out of which some got washed away at nearby Marsden Cove. Regional harbour master Jim Lyle reported that the oil spill might have come from a ship docked at the Northport, near Marsden Point. To control the spill, the representatives placed specialized oil containment booms around the vessel and also at the nearby beaches. Oil skimming barges were used to scoop up as much oil as possible from the spill.
According to Lyle, the high tide was the reason behind oil spills that left big patches of oil along several hundred meters around Marsden Cove. Apart from this, small oil spill patches were also found at the entrance of the cove’s marina.
Browse Research Report: http://www.transparencymarketresearch.com/oil-spill-management.html
Increase in the number of oil spill incidents is expected to drive the global oil spill management market during the forecast period. Leakage in pipelines that are used for transportation of oils and chemicals has led to growth in demand for oil spill management services. The global oil spill management market is segmented on the basis of geography, product type, and technology. By product type, the global oil spill management market is classified into offshore spill management and onshore spill management.
Large Shipping Industry in Asia Pacific to Lead Pre-oil Spill Management Market
Based on geography, the global oil spill management market is divided into North America, Europe, Asia Pacific, and Rest of the World. During the period between 2000 and 2013, the global oil spill management market was dominated by North America. Asia Pacific is expected to dominate the global oil spill management market during the period from 2014 to 2020. Some of the major players in the global oil spill management market are Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Hyundai Heavy Industries Co., Ltd., COSCO Shipyard Group Co., Ltd., Ecolab Inc, National Oilwell Varco, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, and CURA Emergency Services.
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/oil-spill-management.htm
Based on technology, the global oil spill management market is divided into pre-oil spill, post-oil spill, blowout preventers, double hulling, pipeline leak detection, chemical and biological, and mechanical methods. Pre-oil spill technologies prevent oil spills, whereas post-oil spill technologies clean oil spills. Considering the large shipping industry in Asia Pacific, most of the leading companies use pre-oil spill technologies to prevent oil spills in the seas.
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