Global oil spill management market is estimated to witness significant growth over the forecast period on account of escalating oil spill incidents coupled with mounting safety concerns. Increasing oil & gas transportation owing to rising drilling activities is anticipated to fuel the market growth over the forecast period.

Strict government regulations regarding safety and pollution such as Oil Pollution Act, Norway Pollution Control Act and Petroleum Activities Act are estimated to drive oil spill management market in foreseeable future. Establishment of regulatory boards such as Bureau of Ocean Energy Management (BOEM), Bureau of Safety and Environmental Enforcement (BSEE) & Canadian Coast Guard agency have enforced oil & gas companies to adhere to safety norms. This is further anticipated to drive he industry growth over the forecast period.

Leading oil & gas companies have been constantly involved in R&D to enhance efficiency and oil spill cleaning process which is anticipated to create huge opportunities for industry participants over the forecast period.