Europe Oil Pollution Remediation Materials Market
No. of Pages: 109 | Report Code: BMIRE00030620 | Category: Chemicals and Materials
No. of Pages: 109 | Report Code: BMIRE00030620 | Category: Chemicals and Materials
The Europe oil pollution remediation materials market was valued at US$ 129.51 million in 2022 and is expected to reach US$ 153.19 million by 2030; it is estimated to register a CAGR of 2.1% from 2022 to 2030.Government Regulations Related to Oil Spill Preparedness and Responses Fuels Europe Oil Pollution Remediation Materials Market
In the past few years, governments of various countries have designed oil spill cleanup regulations to ensure a prompt and effective response to environmental emergencies. These regulations typically outline procedures, technologies, and standards that companies must follow to contain, control, and clean up oil spills. Regulations often stipulate the type of remediation materials that must be employed to minimize environmental impact and ensure effective cleanup. Rising need for effective oil spill cleanup propels the demand for remediation materials. As environmental concerns and regulations intensify, there is a growing emphasis on using advanced and eco-friendly materials for remediation. Certain absorbents, dispersants, and barriers may be mandated to meet safety and efficacy standards, promoting the use of environment-friendly and efficient materials in oil spill response efforts.
In 2023, the Transport and Tourism Committee decided to revise EU regulations aimed at preventing ship pollution in European waters and making sure offenders pay fines. By making this change, the International Maritime Organization (IMO) would guarantee that all international rules for preventing illegal ship discharges are included in EU law, making them easier to enforce.
Authorities require companies involved in oil-related operations to develop comprehensive contingency plans. These plans outline strategies, procedures, and use of remediation materials to be implemented in oil spill events. Therefore, government regulations related to oil spill preparedness and responses boost the oil pollution remediation materials market growth.Europe Oil Pollution Remediation Materials Market Overview
Increasing oil & gas exploration and production activities, growing awareness of the environmental impact of oil spills, and stringent regulations for environmental protection are a few of the factors propelling the demand for oil pollution remediation materials in Europe. Booms, skimmers, and sorbents are widely used remediation materials. On the other hand, European countries also opt for bioremediation products and services. Volumes of oil transported through marine routes have surged in the past decade. The transportation of crude oil is a major cause of oil spills. According to the European Maritime Safety Agency, the region recorded 38 pollution events caused by ships in 2022. According to the European Environment Agency, hull failure, grounding, fire/explosion, and collision were the major causes of oil tanker spills in the European Seas.
Norway is a major exporter of natural gas, with an export value of crude, condensate and natural gas reported as US$ 181.12 billion in 2022, as per Ministry of Energy and the Norwegian Offshore Directorate. As per the US Energy Information Administration, Europe was the major export destination for the US crude oil exports by volume in 2023. The rising imports of crude oil from the US to European countries further drive maritime transportation and shipping activities, thereby increasing the possibility of oil spills or leakages. Thus, the burgeoning demand for oil and gas triggers the demand for transport media, in turn, propelling the oil pollution remediation materials market growth in Europe.
Europe Oil Pollution Remediation Materials Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe Oil Pollution Remediation Materials provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Oil Pollution Remediation Materials refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Europe Oil Pollution Remediation Materials Strategic Insights
Get more information on this report Europe Oil Pollution Remediation Materials Report Scope
Report Attribute
Details
Market size in 2022
US$ 129.51 Million
Market Size by 2030
US$ 153.19 Million
Global CAGR (2022 - 2030)
2.1%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Oil Pollution Remediation Materials Regional Insights
Get more information on this report Europe Oil Pollution Remediation Materials Market Segmentation
The Europe oil pollution remediation materials market is categorized into type and country.
Based on type, the Europe oil pollution remediation materials market is segmented into physical remediation, chemical remediation, thermal remediation, and bioremediation. The physical remediation segment held the largest market share in 2022. Furthermore, the physical remediation segment is sub segmented into booms, skimmers, and adsorbent materials. Additionally, the chemical remediation segment is bifurcated into dispersants and solidifiers.
By country, the Europe oil pollution remediation materials market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Russia dominated the Europe oil pollution remediation materials market share in 2022.
Ansell Ltd; Brady Corp; Compania Espanola de Petroleos SA; Cosco Shipping Heavy Industry Co., Ltd; Ecolab Inc; NOV Inc; Oil Technics Ltd; Oil-Dri Corp of America; Regenesis; TOLSA SA; and Verde Environmental Group Ltd are some of the leading companies operating in the Europe oil pollution remediation materials market.
1. Ansell Ltd
2. Brady Corp
3. Compania Espanola de Petroleos SA
4. Cosco Shipping Heavy Industry Co., Ltd
5. Ecolab Inc
6. NOV Inc
7. Oil Technics Ltd
8. Oil-Dri Corp of America
9. Regenesis
10. TOLSA SA
11. Verde Environmental Group Ltd
The Europe Oil Pollution Remediation Materials Market is valued at US$ 129.51 Million in 2022, it is projected to reach US$ 153.19 Million by 2030.
As per our report Europe Oil Pollution Remediation Materials Market, the market size is valued at US$ 129.51 Million in 2022, projecting it to reach US$ 153.19 Million by 2030. This translates to a CAGR of approximately 2.1% during the forecast period.
The Europe Oil Pollution Remediation Materials Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Oil Pollution Remediation Materials Market report:
The Europe Oil Pollution Remediation Materials Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Oil Pollution Remediation Materials Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Oil Pollution Remediation Materials Market value chain can benefit from the information contained in a comprehensive market report.
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