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Oil Spill Management Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ The global oil spill management market size is projected to grow beyond
USD 125.62 billion by 2024.”
4 December 2018
The global oil spill management market size is projected to grow beyond USD 125.62 billion by 2024. Growing
incidents of oil spilling in the past along with severe safety and environmental policies are likely to propel the
market over the forecast phase (2016-2024). Also, escalating pipeline and seaborne shipping of crude oil and
chemicals could positively impact the market further.
The market is fragmented by technologies, techniques, applications, and regions. Technologies are Pre -oil
spill and Post-oil spill. Pre-oil spill segment is divided into double-hull, pipeline, leak detection, blow-out
preventers, and others. Double-hulling was the dominant segment in 2015 with highest shares.
Marine trade registers for a majority of petroleum products and natural gas transportation. Mounting
demand for crude and petroleum products oil in Europe and Asia Pacific will boost the maritime trade growth
further. Post-oil spill segments are mechanical, chemical, biological, and physical. Chemical and mechanical
containment and recovery are the techniques used in the industry.
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