Report

Oil Spill Management Market: Development, Opportunities and Market Outlook (2016-26)

The fast development of modern society and the contemporary economywith an increasing demand for energy has prompted vast increments in offshore oil exploitation and transportation. With the increase in the amount of hydrocarbons produced, transported and refined, the risk associated with the spills as well as the probability of major calamity in case of spills has increased drastically over the years. Thus, this prompts in the need for oil spill cleanup in the modern industry.

Oil spill, which can be both onshore and offshore in nature, is a menace to the environment as well as to the industry.The major sources of oil spill in the upstream and transportation industry which can be both deliberate or accidental release of hydrocarbons are from drilling rigs, production sites, tankers and carriers and also because of faults in equipment associated like, casing, blow-out preventer etc.

Oil spills can have destructive consequences for industry; economically, environmentally, and socially. The costs associated with the event in terms of equipment repair, clean up as well as monetary compensation adds up to millions of dollars. It also causes intensive loss to wildlife and environment.As a result, oil spill accidents have initiated intense uproar, bringing many together in a struggle concerning government’s response to oil spills and what actions can best prevent them from happening. This has led to a tremendous growth of the hydrocarbon spill management market, which had an estimated worth of 132.86 billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis and research concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Oil spill management can be primarily classified on the basis of location of oil spill occurrence (onshore or offshore) or theperiod in which the management technique wasapplied on. Pre-spill and Post-spill are generally the two primary classifications used in the industry.

Pre-spill technology overview: These methods act as fail-safe mechanisms or hazard-minimizing methods and are acting before the occurrence of a probable oil spill. The primary focus is to identify the source of hazard and improve the structural integrity of the tools by improving their design, aesthetics and addition of safety and control systems, therefore making the equipment less prone to failures and probable leakage. Mandatory use of double hulling in transportation and cargo ships, use of multiple rams, multi-control options in Blow Out Preventer, Use of SCADA and automated detection along with smart pigging and maintenance techniques in pipelines are some prominent examples of the same which are widely used in the contemporary industry.

Post-spill technology overview: These methods are implemented after the occurrence of oil spill and the effectiveness of the method is constructively determined on the basis of its efficiency in terms of cleaning and the economics associated with the method. Over the past years numerous solutions have been proposed and used for dealing with the problem of oil spills including Mechanical Recovery, Chemical Recovery, In Situ Burning and Biological recovery.

Conventional techniques are not adequate to solve the problem of massive oil spills and thus are in a need of an overhaul.In recent years, nanotechnology has emerged as a potential source of novel solutions to many of the world's problems. Although the application of nanotechnology for oil spill cleanup is still in its nascent stage, it offers great promise for the future.Graphene coated Carbon-based aerogels have attracted interest in various fields due to their unique physical properties, such as low apparent density, porosity, and specific surface area. As sorbent materials, graphene/CNT hybrid foam exhibit very high sorption capacities, good recyclability and environmental friendliness and researches have suggested that its utilization could be a turning point in the current industry.

The primary drivers of the market are the growing uproar by the society and social organizations to conserve the environment and wildlife. As oil spill is a major source of pollution, the political as well as media constraints make sure that the governments implies strict policies and sanctions on the organizations associated with the oil and gas industry, and thus prevent them from happening. As the industry is steadily venturing into newer and unexplored horizons, the risk associated with the industry has tremendously increased over the years, thus increasing the requirement of implementation of a robust hydrocarbon management system. As oil spill cleanup is a significantly costly venture, especially in case of bigger spills, economics of the project is significantly proportional to viability of the project. But the trends suggest an increase in the expenditure towards the hydrocarbon spill management systems on a whole and thus, there is a growing scope in the industry in terms of implementation and research.

Comprehensive competitive analysis and profiles of major market players such as Hyundai Heavy Industries Co., Ltd, GE Oil & Gas, COSCO Shipyard Group Co., Ltd, Fender & Spill Response Services, National Oilwell Varco, Control Flow Inc, MI Environmental Solutions, Spill Response Services etc. is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore Oil-Spill
  • Offshore Oil-Spill

By Period of Technique Implemented:

  • Pre-spill technology
  • Post-spill technology

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Oil Spill Management market
  • Market segmentation based on Location, Period of Technique Implemented & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

Licence Type

CART

Need More Information/Request Sample

 
 
 
This website is secure and your personal details are safe. Privacy policy