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Asia Pacific Oil Pollution Remediation Materials Market Forecast to 2030
Asia Pacific Oil Pollution Remediation Materials Market Forecast to 2030 – Regional Analysis – by Type [Physical Remediation (Booms, Skimmers, and Adsorbent Materials), Chemical Remediation (Dispersants and Solidifiers), Thermal Remediation, and Bioremediation]
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Description
Growing Emphasis on Utilization of Efficient and Eco-friendly Oil Pollution Remediation Solutions Boosts Asia Pacific Oil Pollution Remediation Materials Market
The increasing levels of pollution in ICCA (International Convention for the Control and Management of Ships’ Ballast Water and Sediments) countries are driving the growth of the oil pollution remediation market. With the rise in industrialization and economic activities, the amount of pollutants released into the environment has reached alarming levels. Oil spills, in particular, have become a major concern, posing significant threats to marine life, ecosystems, and human health.
ICCA countries, which include major maritime nations, are witnessing a surge in oil pollution incidents due to factors such as oil transportation, offshore drilling, and accidents involving oil tankers. These incidents have led to a growing demand for effective and efficient solutions to remediate the impacts of oil spills.
As a result, the oil pollution remediation market has experienced a substantial boost. Companies specializing in oil spill response and cleanup services are in high demand as ICCA countries seek to minimize the environmental and economic consequences of oil pollution. These companies deploy advanced technologies and techniques to contain and remove oil from affected areas while also implementing measures to prevent further contamination.
Moreover, the increasing awareness about the environmental and social impacts of oil pollution has prompted governments and regulatory bodies in ICCA countries to enforce stricter regulations and guidelines for oil spill response and remediation. This has further propelled the growth of the market as companies strive to comply with these regulations and provide efficient solutions.
In conclusion, the increasing levels of pollution in ICCA countries have driven the demand for oil pollution remediation services. The market has witnessed significant growth due to the rising number of oil spills and the need to mitigate their environmental and economic impacts. As ICCA countries continue to prioritize environmental conservation, the oil pollution remediation market is expected to grow even further in the coming years.
Asia Pacific Oil Pollution Remediation Materials Market Overview
Asia Pacific is a major hub for oil & gas exploration and production, as well as trade activities. Governments of various countries in Asia Pacific have initiated projects to address the rising demand for oil and gas in their countries. In April 2023, Indradhanush Gas Grid Limited (IGGL) completed Asia’s largest underwater hydrocarbon pipeline below the river Brahmaputra. The pipeline connects Jorhat and Majuli in Assam, India. In May 2023, ONGC discovered two major oil & gas reserves in the Arabian Sea block off the Mumbai coast, India. A large number of crude oil exploration and production activities results in an increased possibility of oil spills and leakages, which bolsters the need for oil pollution remediation products and services. In 2021, Asia was the major maritime cargo handling center, accounting for 40% of total containerized trade on the main East-West routes – between Asia, Europe and the US, as per the United Nations Conference on Trade and Development.
According to the US Energy Information Administration, China imported high volumes of crude oil during the first half of 2023. This increase is specifically attributed to the expansion of refineries in the country, and initiatives to reopen the economy after the government eased restrictions related to the COVID-19 pandemic. In October 2023, the state of Western Australia released 8 onshore blocks for oil and gas exploration. Thus, a rise in crude oil imports accompanied by growing oil demand and booming petrochemical sector in Asia Pacific is expected to boost the oil pollution remediation materials market over the coming years.
Asia Pacific Oil Pollution Remediation Materials Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Oil Pollution Remediation Materials Market Segmentation
The Asia Pacific oil pollution remediation materials market is categorized into type and country.
Based on type, the Asia Pacific 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 Asia Pacific oil pollution remediation materials market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific 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-Dri Corp of America; Regenesis; and RX Marine International are some of the leading companies operating in the Asia Pacific oil pollution remediation materials market.
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According to the Research Team’ research, the Asia Pacific oil pollution remediation materials market was valued at US$ 840.15 million in 2022 and is projected to reach US$ 1,097.26 million by 2030, registering a CAGR of 3.4% from 2022 to 2030. Rising offshore oil exploration and transportation activities and government regulations related to oil spill preparedness and responses are among the critical factors attributed to drive the Asia Pacific oil pollution remediation materials market growth.
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.
Governments and the oil industry have preparedness plans to conduct regular oil spill response. Government mandates to address oil spills promptly and minimization of ecological impact have driven the demand for absorbents, dispersants, and other remediation materials.
In India, it is the responsibility of the Ministry of Shipping to prevent and control pollution from ships, shipwrecks, and abandoned ships. It also has to combat oil spills inside port boundaries within 500 meters of offshore exploration and production platforms, coastal refineries, and related installations. Also, China Maritime Safety Administration, a governing authority in China, mandates the investigation and response for oil pollution incidences in Chinese water. In China, the sea response is focused on the application of loose sorbent material and dispersants.
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.
On the contrary, fluctuations in raw material prices of physical and chemical remediation hamper the growth of Asia Pacific oil pollution remediation materials market.
Based on type, the Asia Pacific oil pollution remediation materials market is segmented into physical remediation, chemical remediation, thermal remediation, and bioremediation. The physical remediation segment held 38.6% market share in 2022, amassing US$ 323.98 million. It is projected to garner US$ 428.07 million by 2030 to register 3.5% CAGR during 2022-2030. 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.
Based on country, the Asia Pacific oil pollution remediation materials market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 43.5% share of Asia Pacific oil pollution remediation materials market in 2022. It was assessed at US$ 365.43 million in 2022 and is likely to hit US$ 476.87 million by 2030, registering a CAGR of 3.4% during 2022-2030.
Key players operating in the Asia Pacific oil pollution remediation materials market are Ansell Ltd; Brady Corp; Compania Espanola de Petroleos SA; Cosco Shipping Heavy Industry Co., Ltd; Ecolab Inc; NOV Inc; Oil-Dri Corp of America; Regenesis; and RX Marine International, among others.
In December 2022, Ansell invested about US$ 80 million in its most recent greenfield project. A greenfield project is an investment that involves building a brand-new, specially designed operations facility from the ground up as opposed to expanding or modifying an already-existing one. Although the facility’s primary focus is on producing surgical and life sciences products, it is designed to accommodate a wide range of Ansell products in the future, including the examination glove line, and support the differentiated growth strategy in the years to come.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific oil pollution remediation materials market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific oil pollution remediation materials market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Oil Pollution Remediation Materials Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Oil Pollution Remediation Materials Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. Asia Pacific Oil Pollution Remediation Materials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Offshore Oil Exploration and Transportation Activities
5.1.2 Government Regulations Related to Oil Spill Preparedness and Responses
5.1.3 Increasing Levels of Pollution in ICCA Countries
5.2 Market Restraints
5.2.1 Fluctuations in Raw Material Prices of Physical and Chemical Remediation
5.3 Market Opportunities
5.3.1 Growing Emphasis on Utilization of Efficient and Eco-friendly Oil Pollution Remediation Solutions
5.4 Future Trends
5.4.1 Development of Novel Oil Pollution Remediation Materials
5.5 Impact of Drivers and Restraints:
6. Oil Pollution Remediation Materials Market – Asia Pacific Analysis
6.1 Asia Pacific Oil Pollution Remediation Materials Market Revenue (US$ Million), 2022-2030
6.2 Asia Pacific Oil Pollution Remediation Materials Market Forecast Analysis
7. Asia Pacific Oil Pollution Remediation Materials Market Analysis – by Type
7.1 Physical Remediation
7.1.1 Overview
7.1.2 Physical Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.1.3 Booms
7.1.3.1 Overview
7.1.3.2 Booms: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.1.4 Skimmers
7.1.4.1 Overview
7.1.4.2 Skimmers: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.1.5 Adsorbent Materials
7.1.5.1 Overview
7.1.5.2 Adsorbent Materials: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Chemical Remediation
7.2.1 Overview
7.2.2 Chemical Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.2.3 Dispersants
7.2.3.1 Overview
7.2.3.2 Dispersants: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.2.4 Solidifiers
7.2.4.1 Overview
7.2.4.2 Solidifiers: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Thermal Remediation
7.3.1 Overview
7.3.2 Thermal Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Bioremediation
7.4.1 Overview
7.4.2 Bioremediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Oil Pollution Remediation Materials Market – Country Analysis
8.1 Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast Analysis – by Country
8.1.1 Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast Analysis – by Country
8.1.1.1 Australia: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.1 Australia: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
8.1.1.2 China: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.1 China: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
8.1.1.3 India: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.1 India: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
8.1.1.4 Japan: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.4.1 Japan: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
8.1.1.5 South Korea: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.5.1 South Korea: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
8.1.1.6 Rest of Asia Pacific: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.6.1 Rest of Asia Pacific: Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Type
9. Competitive Landscape
9.1 Heat Map Analysis by Key Players
9.2 Company Positioning & Concentration
10. Industry Landscape
10.1 Overview
10.2 Expansion
10.3 Partnerships
11. Company Profiles
11.1 Ansell Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Oil-Dri Corp of America
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Ecolab Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cosco Shipping Heavy Industry Co., Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Regenesis
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Brady Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 NOV Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 RX Marine International
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Compania Espanola de Petroleos SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
Table 1. Asia Pacific Oil Pollution Remediation Materials Market Segmentation
Table 2. Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 5. Australia: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 6. China: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 7. India: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 8. Japan: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. South Korea: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 10. Rest of Asia Pacific: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million) – by Type
Figure 1. Asia Pacific Oil Pollution Remediation Materials Market Segmentation, by Country
Figure 2. Asia Pacific Oil Pollution Remediation Materials Market – Porter’s Analysis
Figure 3. Ecosystem: Oil Pollution Remediation Materials Market
Figure 4. Asia Pacific Oil Pollution Remediation Materials Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Oil Pollution Remediation Materials Market Revenue (US$ Million), 2022-2030
Figure 7. Asia Pacific Oil Pollution Remediation Materials Market Share (%) – by Type (2022 and 2030)
Figure 8. Physical Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Booms: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Skimmers: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Adsorbent Materials: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Chemical Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Dispersants: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Solidifiers: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Thermal Remediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Bioremediation: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Oil Pollution Remediation Materials Market, By Key Country – Revenue (2022) (US$ Million)
Figure 18. Asia Pacific Oil Pollution Remediation Materials Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 19. Australia: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 20. China: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. India: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Japan: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. South Korea: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Rest of Asia Pacific: Asia Pacific Oil Pollution Remediation Materials Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Heat Map Analysis by Key Players
Figure 26. Company Positioning & Concentration
The List of Companies – Asia Pacific 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-Dri Corp of America
8. Regenesis
9. RX Marine International
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