Oil Spill Management Market Size, Share & Trends Analysis Report By Technology, By Location (Onshore, Offshore), By Technique (Post-oil Spill), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the oil spill management market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for oil spill management market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of oil spill management market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Oil Spill Management Market Categorization:

The oil spill management market was categorized into four segments, namely technology (Pre-oil spill, Post-oil spill), technique (Mechanical containment and recovery, Chemical recovery, Biological recovery), location (Onshore, Offshore), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The oil spill management market was segmented into technology, technique, location, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The oil spill management market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seven countries, namely, the U.S.; Canada; Mexico; the U.K.; Russia; China; Japan.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Oil spill management market companies & financials:

The oil spill management market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• National Oilwell Varco, Inc. provides equipment and components, which are used in oilfield services, drilling & production operations, and supply chain integration services for the upstream oil & gas industry. The company’s business portfolio comprises of four principal segments including rig systems, rig aftermarket, wellbore technologies, and completion & production solutions. The rig systems segment manages equipment and technologies deployed in subsea drilling activities. Major products and services offered under this segment include derricks, masts, pipe lifting, mud pumps, blowout preventers, fluid transfer technologies, and rig instrumentation.

• SWS Environmental Services was formed as a result of the merger between Southern Waste Services, Inc. (SWS) and Eagle Construction and Environmental Services, L.P. in November 2008. The company focuses on emergency oil spill response services and site remediation services. It provides oil spill response, hazmat response, and other emergency spill response related services to the oil & gas industry. The company has a certification of Oil Spill Removal Organization (OSRO) from the U.S. Coast Guard, which makes it qualified in environments operating inland, river, and canal, for both vessels and facilities.

• SkimOIL, Inc. is involved in manufacturing/building (specialty & custom design) and distribution of marine and industrial pollution control equipment and systems. The company’s line of business primarily involves manufacturing and supplying oil and water separation systems. Major products offered by the company include floating line skimmers, industrial hoses, floating tank decanter, marine sanitation device, and wastewater treatment evaporators. The company caters its products and services to various areas including, oil platforms, steel mills, and companies engaged in marine trade and power.

• OMI Environmental Solutions (OMIES) is involved in providing products and services required for oil spill management. The company provides vessels (up to 30 feet in length), portable vacuum systems, vacuum trucks, skimmers, self-propelled skimmer boats, and several other products for oil spill management. The United States Coast Guard (USCG) has certified the company as an Oil Spill Removal Organization (OSRO). OMIES has capabilities for decontamination, AMPD coverage, disaster response, oil field cleanup, international & national spill response, and remediation services.

• Cameron International Corporation is a part of Schlumberger Limited and is involved in manufacturing drilling systems used in oil spill management. The company’s business portfolio is segmented into subsea, surface, drilling, and valves & flow measurement. Products offered under the drilling segment include pressure control equipment, rotary drilling, blowout preventers (BOP), connectors, BOP control systems, mud pumps, rig designs, and top drives. Manufacturing facilities for subsea equipment such as chokes, trees, production controls, and BOP are located in various countries of Asia and Europe including the UK, Romania, Italy, and Norway.

• The company in engaged in manufacturing and supplying pollution control and oil spill response equipment. Major products offered by the company are segmented as for industry and for the sea. The products and services for industry include absorbents, safe storage, skimmers, power packs, and water treatment. Products offered for sea are absorbents, safe storage, containment booms, skimmers, equipment stowing, and hydraulic power packs. The company manages its products under the brand GRINTEC. Sorbcontrol markets its products in France, Italy, Norway, Mexico, and Nigeria.

• American Green Ventures (US), Inc. operates as a wholly owned subsidiary of Galuku Group Limited, an Australia-based manufacturer of coir products. The company’s business line is focused on manufacturing and supplying oil spill containment equipment. Major products and services offered by the company include absorbent boom socks and absorbent bags. It manages its products under the brand name SpillFix. The company markets its products in North America and South America to various industries like railways, steel making, food, paint, aviation, marine, oil & gas, automotive, and mining.

• Fender & Spill Response Services L.L.C. is a supplier and distributor of industrial equipment for marine applications. It is a completely equipped Oil Spill Response company. Major products offered by the company include marine hoses, fenders, mats, booms, pillows, sorbents, OSR equipment, and dispersants. The company has distribution agreements with various clients including Lamor Corporation, Sea & Tec, Dunlop Oil & Marine, Jonesco Ltd., and Evolution Sorbent Products. It markets its products mainly in the Middle East.

• Osprey Spill Control L.L.C. is primarily focused on manufacturing and supplying oil containment equipment. Major products offered by the company include sorbent, pads, socks, booms, blankets, and spill kits. Its products are used in inland waterways, marine, and industrial oil spill response applications. The company has received certifications for its various products and services from authorities including the United States Environmental Protection Agency (EPA) and the Spill Control Association of America (SCAA). The company markets its products in North America and South America.

• Ecolab, Inc. is focused on manufacturing and supplying spill containment and water treatment equipment. Products and services offered by the company include cleaners, sanitizers, lubricants, and dispensers along with pest elimination. It has segregated its business activities into various segments including Ecosure, equipment care, food & beverage processing, food safety specialties, healthcare, institutional, Kay chemical, Nalco water & process services, Pureforce, pest elimination, and textile care. Nalco Holding Company, a subsidiary of Ecolab, Inc., manages the manufacturing and supply of dispersants for oil spill control in offshore applications. Ecolab markets its products in Americas, Asia Pacific, Europe, Africa, and the Middle East.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Oil Spill Management Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Oil Spill Management Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.