Global Spill Containment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spill Containment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spill containment refers to keeping spills or leaks of liquids or other hazardous materials within containment, and it can be associated with any type of workplace spill, including chemicals and oils. Spill Containment Supplies manage spilled or leaked substances to help clean up and contain spills, help prevent injuries and avoid damage to equipment or product inventory.

Market Overview:

The latest research study on the global Spill Containment market finds that the global Spill Containment market reached a value of USD 827.42 million in 2022. It’s expected that the market will achieve USD 1142.51 million by 2028, exhibiting a CAGR of 5.53% during the forecast period.

The Importance of Spill Containment

Spill containment is very important to many businesses. First and foremost, one of the most important reasons why spill containment is critical to businesses is the potential environmental damage a spill could cause. Leakage can have a negative impact on the environment by causing severe contamination of air, water and soil. This can lead to costly fines and penalties from regulators and damage to the company's reputation. Second, the potential safety hazards that leakage may cause. For example, chemical spills can cause respiratory illness or chemical burns if not contained and cleaned up quickly. Spills also create fire and explosion hazards that endanger the lives of employees and the public.
Therefore, companies in the oil and gas industry, chemical industry, etc. are putting more emphasis on spill containment; companies require a large number of spill containment products, which is driving the spill containment industry.

Government policy has strict rules for containment of spills

For many businesses, spill containment is an essential responsibility of all companies handling potentially hazardous materials. Businesses have a legal responsibility to prevent and contain spills, failure to do so could result in fines and penalties. These fines can be substantial and have a significant impact on a business' bottom line. Companies operating in regulated industries such as oil and gas face a higher risk of legal penalties in the event of a spill.
Globally, every country has certain legal requirements for containment of spills. Many laws and regulations apply to businesses that use, transport or store hazardous chemicals. For example, the US EPA and OSHA both have spill containment and secondary spill containment requirements.
Overall, stringent regulations on spill containment by various governments have prompted companies to purchase corresponding spill containment products, which is driving the spill containment industry.

Region Overview:

In 2021, the share of the Spill Containment market in United States stood at32.57%.

Company Overview:

DENIOS is one of the major players operating in the Spill Containment market, holding a share of 7.71% in 2022.

ENPAC Acquires PND Corp - Maker of Plug N Dike

January 15, 2023
ENPAC, LLC, a manufacturer of secondary spill containment and spill response products, announced the acquisition of Washington-based PND Corporation (PND), maker of Plug N Dike, a nontoxic, Non-flammable spill response solutions.
Founded in 1985 and headquartered in Bellevue, Washington, PND manufactures highly effective leak repair solutions for a variety of end customers, including fire departments, trucking companies, and industrial facilities, among others.
ENPAC's acquisition of PND is further evidence of ENPAC's business strategy to better serve ENPAC's distribution partners in the environmental and spill response fields.

Segmentation Overview:

By type, Berms segment accounted for the largest share of market in 2021.

Berms

Spill containment berms are used to limit leaks, drips, runoff, and spills of oil or other hazardous liquids. It's a heavy-duty seal like a catch basin; a berm can be placed right under the source of the leak to collect and stop any liquid from spreading.

Pallet/Deck

Spill Containment Pallet/Deck are designed to contain potentially hazardous spills in drum storage and dispensing areas. A sturdy pallet/deck can hold a lot of weight and catch spills and drips from storage containers.

Overpack Drums

Overpack Drums are protective packaging; overpack drums are used to contain and safely transport damaged drums or drums that may contain hazardous substances or hazardous waste. To avoid the risk of contamination from spillage or leakage of hazardous materials.

Application Overview:

The market's largest segment by application is the segment Oil and Gas Industrial, with a market share of 36.20% in 2021.

Oil and Gas Industrial

The oil and gas industry is a highly regulated industry. Oil spills can negatively impact drinking water, causing a public health crisis. The way of extraction, processing, transportation and storage of oil and natural gas has a great impact on the environment. Accordingly, there is a need for spill containment products in the oil and gas industry.

Chemical Industrial

The chemical industry produces and uses vast quantities of chemicals; any time a hazardous or non-hazardous liquid is spilled, it has the potential to cause damage to the environment. Spill containment products help mitigate the risk of a spill.

Industrial Facilities

In industrial production, the leaked substances may be raw materials, semi-finished products, intermediate products, auxiliary materials or even products; leakage causes waste of resources and affects work safety. Spill containment products can be used to prevent spills in a variety of industrial facilities.

Key Companies in the global Spill Containment market covered in Chapter 3:

SafeRack
Hyde Park Environmental
SpillTech
GEI Works
UltraTech
LITTLE GIANT
New Pig
Darcy Spillcare Manufacture
EnviroGuard
Spill Control Centre
DENIOS
ENPAC
SYSBEL
Brady UK
Justrite safety group

In Chapter 4 and Chapter 14.2, on the basis of types, the Spill Containment market from 2018 to 2029 is primarily split into:

Berms
Pallet/Deck
Overpack Drums

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spill Containment market from 2018 to 2029 covers:

Oil and Gas Industrial
Chemical Industrial
Industrial Facilities

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)