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Oil Spill Management Market Share Worth US$ 151.2 Billion by 2027 - New Research Report by IndustryARC

IndustryARC, in its latest report, predicts that Oil Spill Management Market size is forecast to reach US$151.2 billion by 2027 after growing at a CAGR of 4.2% during 2022-2027. Oil spill management is the application of equipment, systems, and techniques such as containment booms and oleophilic skimmers to prevent the oil leakage, which pollutes the atmosphere, assists in the event of an oil spill, and clean up by processes such as intrinsic bioremediation and gel electrophoresis, so as to reduce side effects caused by oil spillage. The requirement of handling oil spills from industries such as exploration and development, chemical, and refining & marketing drives the oil spill management market. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

January 12, 2023

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