Global Oil Spill Management Market to Reach $142.1 Billion by 2030
The global market for Oil Spill Management estimated at US$117.6 Billion in the year 2023, is expected to reach US$142.1 Billion by 2030, growing at a CAGR of 2.7% over the period 2023-2030. Post-Oil Spill Management, one of the segments analyzed in the report, is expected to record 2.5% CAGR and reach US$21 Billion by the end of the analysis period. Growth in the Pre-Oil Spill Management segment is estimated at 2.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $35.1 Billion, While China is Forecast to Grow at 2.7% CAGR
The Oil Spill Management market in the U.S. is estimated at US$35.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$25.4 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
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