January 2019: Adroit Market Research launched a study titled, “Global Oil Spill Dispersants Market Size 2017 by Application (Offshore and Onshore), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa) - Forecast 2018 to 2025”. The study covers the global oil spill dispersants market value for a period ranging between 2015 to 2025, where 2015 to 2017 imply the actual annual revenue with forecast between 2018 and 2025. The global oil spill dispersants market report also includes qualitative insights of the market such as drivers, restraints, value chain, regulatory framework and trade statistics.
The global oil spill dispersants market size is estimated to reach up to USD 22.1 billion by 2025 mainly driven by frequent oil spills incidents and critical importance of restricting the after effect of oil spills on the surrounding environment. These dispersants are effective when used in steady weather conditions, as high tides will reduce the effectiveness of dispersants. Such limitations of oil spill dispersants are primary restraining factors for the global oil spill dispersants market.
In the application segment, the market share for offshore application of oil dispersants was more than 70% in the year 2017. Similarly, the onshore application segment is estimated to grow at a steady rate due to newly found onshore oil sources and frequent oil spills while transporting or drilling the oil. Onshore drilling accounts for 70% of oil production, which is expected to grow in coming years. This will further enhance the demand for oil spill dispersants in onshore spill areas.
Geographically, Asia Pacific will be leading the global oil spill dispersants market driven by increasing oil demand in the region and increasing production pressures on oil companies to further explore existing or new offshore and onshore oil sources. Such explorations activities are definitely expected to have some incidents due to technological/equipment failure or human error. Similar to Asia-Pacific region, Middle East & Africa represent contribute to a large portion of global oil demand. Global financial, commercial and political pressures around oil production & demand will definitely force oil companies to take risks while exploring new oil sources.
ACME Environmental, Inc, Blue Ocean Tackle, Inc, Blue Ocean Tackle, Inc, Canadyne Technologies, Chemtex, Inc., and Desmi A/S, are amongst the leading players present within the global oil spill dispersants market.
Key segments of the global oil spill dispersants market
Application Type Overview, 2015-2025 (USD million)
Regional Overview, 2015-2025 (USD million)
- North America
- Rest of Europe
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa