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The oil and chemical spill kits market size is estimated to grow at a CAGR of 4.61% between 2023 and 2028. The market size is forecast to increase by USD 69.68 million. The growth of the market depends on several factors such as the growth in trading activities, the growth of chemical warehousing and storage, and the rise in oil pollution preparedness and response activities.
The report includes a comprehensive outlook on the Oil and Chemical Spill Kits Market, offering forecasts for the industry segmented by End-user, which comprises oil and chemical. Additionally, it categorizes Type into blood spill kit and universal absorbent pads, and covers Geography regions, including North America, APAC, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
Oil and Chemical Spill Kits Market Forecast 2024-2028
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The demand for oil and chemical spill kits is increasing owing to the growing number of chemical warehousing facilities. Most warehouses require spill kits such as pads, gloves, protective clothing, and disposable bags to prevent any kind of chemical spill. Spill kits are used to mitigate the detrimental impact of products such as oils, fertilizers, inks, alkalis, and acids, which are stored in these warehouses. These spill kits protect workers and visitors from the dangerous effects of hazardous chemicals stored in these warehouses.
Consequently, the growing number of warehousing and storage will increase the need for oil and chemical spill kits during the forecast period. Countries such as the US, China, South Korea, Japan, India, and Saudi Arabia have a significant number of chemical warehouse and storage facilities, which increases the demand for chemical spill kits among employees. Therefore, the growth in the number of chemical warehousing and storage facilities will drive the growth of the market during the forecast period.
Mobile spill kits are the latest trend in the market for use in quick response activities and are specially designed for cleaning up spills. These spill kits are designed in such a way that they can fit into most doorways and aisles. Most vendors in the market offer spill kit compartments and interior shelves, which are packed with absorbents. These spill kits comprise safety gear, which helps in quick response and can absorb spills of oil, coolants, water, and solvents. Vendors also offer ultraviolet (UV)-inhibited emergency spill kits, which can be used outdoors and protect the contents inside the spill kit through a lock mechanism facility.
Moreover, market players offer mobile spill kits that are resistant to corrosion and protect absorbents from damage and moisture; they are designed to withstand challenging and harsh environments. These portable kits are primarily used in emergencies for decontamination operations such as fuel tank leaks, oil spills, or leaks. These trends under the launch of mobile spill kits will propel the growth of the market during the forecast period.
Small chemical storage facilities develop their spill kits. These are residential areas or small businesses storing pesticides and fertilizers in limited quantities. Commercially available spill kits cost up to USD240, whereas the Do it yourself spill kits cost around USD 33.60 - USD 68.70.
Consequently, small facilities or businesses may adopt Do it yourself spill kits or home-built spill kits, which may slightly reduce the demand for oil and chemical spill kits. Hence, these factors may impede the growth of the global oil and chemical spill kits market during the forecast period.
The oil segment will account for a major share of the market's growth during the forecast period.?The expansion of the oil industry and the growing seaborne trade activities in APAC will drive the growth of the segment in the next five years. Market players of oil spill kits offer different sizes, consisting of absorbent pads, oil-absorbent socks, oil-absorbent booms, oil-absorbent cushions, gloves, and disposable bags. Oil spill kits also include protective clothing, which is usually used for large spills, based on the size and operation.
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The oil segment was valued at USD 151.30 million in 2018. Most oil spill kits consist of absorbent pads, rings, and rags, which may not eliminate the hazard caused by major oil spills but can be used to contain smaller oil spills. Oil spill kits are deployed at places where mechanical work is being carried out and in ports and cargo facilities. These spill kits are used to separate oil from water as they contain hydrophobic characteristics, which soak up the hazardous liquid, leaving the water behind. Therefore, all such factors are expected to drive the oil segment and expand the growth of the global oil and chemical spill kits market during the forecast period.
Based on type, the market has been segmented into blood spill kit and universal absorbent pads. The blood spill kit segment will account for the largest share of this segment.?Blood spill kits typically come with biohazard bags and absorbent materials. Additionally, blood spill kits are designed to be easy to use, contain pathogens effectively, and meet safety requirements. This segment of the blood spill kits market focuses on innovation to meet changing regulatory needs and address emerging health and biohazard issues. Such features and properties of the blood spill kit segment will fuel the growth of the global oil and chemical spill kits market during the forecast period.
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APAC is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Another region offering significant growth opportunities to players is North America. Each year, a massive number of oil and chemical spills occur in North America, which is a major concern as oil and chemical spills are detrimental to human health and the environment. Therefore, oil spills are most common in the US and some parts of Canada, such as British Columbia.
Besides, land oil spills or explosions are common in the petrochemical industry, as they deal with hazardous chemicals. Moreover, the US is home to 40% of the global ethane-based petrochemical industry, with a major presence of petrochemical players like Exxon Mobil Corp., The Dow Chemical Co., and DuPont de Nemours, Inc. Thus, such factors are expected to further increase the demand for oil and chemical spill kits during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
American Textile and Supply Inc., Brady Corp., Darcy Products Ltd., ENPAC, Global Spill and Safety, New Pig Corp., Oil Dri Corp. of America, Safetec, Super Safety Services, Supremex Equipments, TOBIT ENGINEERS, Usha Fire Safety Equipments pvt. Ltd., Vizag Chemical International, Yellow Shield Ltd., Enviroguard Solutions LLP, Perth Petroleum Services, Spill Station Australia Pty Ltd., THADHANI SAFETY and CO., and Unique Safety Services
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The oil and chemical spill kits market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Oil And Chemical Spill Kits Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.61% |
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Market Growth 2024-2028 |
USD 69.68 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.5 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., American Textile and Supply Inc., Brady Corp., Darcy Products Ltd., ENPAC, Global Spill and Safety, New Pig Corp., Oil Dri Corp. of America, Safetec, Super Safety Services, Supremex Equipments, TOBIT ENGINEERS, Usha Fire Safety Equipments pvt. Ltd., Vizag Chemical International, Yellow Shield Ltd., Enviroguard Solutions LLP, Perth Petroleum Services, Spill Station Australia Pty Ltd., THADHANI SAFETY and CO., and Unique Safety Services |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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