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By applications, the market can be sliced into pre-oil spill management a post-oil spill management. Pre-oil
spill covers onshore and offshore sectors. Offshore segment recorded the maximum shares in 2015.It
consumed approximately 70% of the total demand in that year.
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market
Post-oil spill management also includes of onshore and offshore segments. In 2015, onshore post-oil spill
sector was valued close to 60% of the total market demand. Regions such as Norway, U.S, Mexico, Canada,
U.S., China, and Nigeria have observed well blowouts and occurrences of pipeline breakdowns. This could be
accredited to huge market diffusion in past
Main regions in the market encompass North America, Europe, Asia Pacific, the Middle East and Africa (MEA),
and Central & South America. North America was the leading market for pre-oil spill management. It was
estimated at 40.1% of total demand in 2015. This region will potentially face lucrative demand due to
production activities and increasing oil & gas discovery. Pre-oil spill management shares in Asia Pacific will
gain over USD 21,540 million by 2024. It is mounting at a healthy CAGR of 4.2% in the review phase.
Profits to determine hydrocarbon reserves noticeably and supportive government initiatives in the form of
fiscal support in India and China could drive the regional demand. Top-most companies in the global oil spill
management market include OMI Environmental Solutions, Skim Oil Inc., American Green Ventures Inc., and
Spill Response Services.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/drilling-and-
extraction-equipments-industry
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