Oil Spill Dispersant Market to Reach $23.6bln by 2026
The global Oil Spill Dispersant Market is anticipated to grow at a constant CAGR around 3% during the forecast period 2019 to 2026 and reach the market value around USD 23.6 billion.The growth of the market for oil spillers depends directly on the frequency, the time and volume of petroleum spill events, said a market report by Acumen Research and Consulting.Oil pollution is a common term for seawater, land water or land contamination due to oil release due to an accident or human error. Oil contamination is spread throughout the world and is boiled both onshore and offshore. The number of major oil spills annually decreases since the last ten years, but very frequent small oil spills are mainly driving the market for petroleum spills.
Insights: Andrew Altendorf President, SCAA
Andrew Altendorf is the CEO and majority owner of Acme Environmental Inc. Acme’s history spans almost 50 years and the firm is recognized as a pioneer in the manufacture of oil spill containment booms and other oil spill recovery items. A U.S. Coast Guard classified OSRO, Acme and Altendorf support numerous customers in Oklahoma and the Midwest with their emergency response. He has been the President of the Spill Control Association of America since November of 2010. Prior to taking the reins as President, he served on the SCAA Board of Directors for 5 years.
