Oil Spill Management Market Worth $165.2 Billion By 2030

Oil Spill Management Market Growth & Trends

The global oil spill management market size is expected to reach USD 165.2 billion by 2030, expanding at a CAGR of 3.5% from 2023 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.

Stringent government regulations are formed particularly in the Europe and North America for installing safety devices & technologies during drilling and transportation of crude oil. This has resulted in the growth of market regions. The increase in the pipeline and tanker transportation of petroleum products is also anticipated to increase the growth for various oil spill management technologies. In addition, increasing investment in R&D activities by key market players for rapid and efficient oil-spill cleaning is anticipated to drive the market growth over the next nine years.

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 69% of the market in 2022.

• Offshore was the largest application for pre-oil spill management in the year 2022, accounting for over 71% of the overall total market.

• The Chemical oil-spill response Technology accounted for around 19% of the market in 2022. The Technology involves the usage of gelling and dispersant agents, which enhance the breakdown of oil components naturally.

• North America was the largest pre-oil spill management market in 2022. The region is anticipated to gain market share on the account of rising oil & gas E&P activities.

Oil Spill Management Market Segmentation

Grand View Research has segmented the global oil spill management market on the basis of technology, technique (post-oil spill), location and region:

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

• Pre-oil spill

  • Double-hull

  • Pipeline leak detection

  • Blow-out preventers

  • Others

• Post-oil spill

Technique (Post-oil Spill) Management Outlook (Revenue, USD Billion, 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 Billion, 2018 - 2030)

• Pre-oil spill

  • Onshore

  • Offshore

• Post-oil spill

  • Onshore

  • Offshore

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Russia

• Asia Pacific

  • China

  • Japan

• Central & South America

• Middle East & Africa

List of Key Players of Oil Spill Management Market

• Central & South America

• Middle East & Africa 

• Siemens AG,

• Mitsubishi Heavy Industries, Ltd.,

• General Electric,

• ABB,

• Boustead International Heaters,

• Forbes Marshall,

• Promec Engineering,

• Terrapin,

• Wood Plc (Amec Foster Wheeler),

• Climeon,

• Bosch Industriekessel GmbH,

• AURA GmbH & Co.,

• Exergy S.p.A.,

• IHI Corporation.