Oil Spill Management Market Size, Emerging Trends and Outlook to 2022: Hexa Reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Oil Spill Management Market Analysis, Share and Size,

Emerging Trends, Overview and Outlook, Growth And

Segment Forecasts To 2022

The global oil spill management market size is expected to reach USD 125.62 billion by 2022, according

to a new report by Grand View Research, Inc. Increasing oil spill incidents since the past five years

coupled with stringent safety and environmental regulations are expected to remain key driving factor

for global oil spill management market. In addition, increasing seaborne and pipeline transportation of

crude oil and chemicals globally is also expected to have a positive impact on market growth.

Strict government regulations particularly in North America and Europe for employing safety devices

and technologies during drilling and transportation of crude oil have contributed towards market

development in these regions. Increasing offshore and pipeline tanker transportation of petroleum

products is also expected to increase demand for various oil spill management technologies.

Additionally, increasing R&D by key players for efficient and rapid oil spill cleaning is expected to create

opportunities for the market over the forecast period.

Browse Detail Report With TOC @

http://hexareports.com/report/oil-spill-management-market/details

Pre-oil spill management emerged as the major technology segment in 2014. Double hull technology

accounted for over 60% of the global pre-oil spill management market in 2014. Double hulling of ships

enhances the durability in harsh ocean weather conditions and arctic areas. Growing seaborne trade

between North America and Europe has resulted in increased ship traffic in arctic region. Growing

Hexa Reports

Market Research Reports and Insightful Company Profiles

concern towards product losses coupled with stringent regulations regarding transportation of

petroleum products in maritime trade is expected to positively impact market...