Oil Spill Solutions Procurement Research – Market Trends and Spend Analysis by SpendEdge

March 20, 2018

LONDON–(BUSINESS WIRE)–#oilspill–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Oil
Spill Solutions Market Procurement Research Report.’ The
insights and data in this report provide a strategic analysis of the
supply markets, factors influencing purchasing decisions, procurement
best practices, pricing models, supplier landscape, and an analysis of
the supplier capability matrix for the utilities
industry. This report breaks down the data and analysis behind
the procurement of oil spill solutions and acts as an all-inclusive
guide for making smart purchasing decisions.

“The demand for oil spill solutions is highly dependent on the growth
of the oil and gas industry,” says SpendEdge procurement analyst Tridib
Bora. “Also, the supply market for oil spill solutions is consolidated
with the top three global suppliers like Oil Spill Response, Polyeco,
and Lamor dominating around 50% of the market share,” added Tridib.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Oil
Spill Solutions Market:

Increase in adoption of bioremediation process to provide oil spill
solutions
The rise in new technologies such as sensitivity mapping in oil spill
solutions
Suppliers are entering into joint ventures for oil spill solutions

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Increase in adoption of bioremediation process to provide oil spill
solutions:

Globally, there is an increase in the adoption of bioremediation process
for oil spill treatment, as it helps in fastening the natural clean-up
process. This process makes use of the naturally occurring organisms
such as decomposers and green plants to clean-up oil spills, as it helps
to break down hazardous substances into less toxic or nontoxic
materials. Moreover, this process also requires less labor and equipment
when compared with the other traditional methods.

The rise in new technologies such as sensitivity mapping in oil spill
solutions:

There is a rise in the adoption of new technologies such as sensitivity
mapping in oil spill solutions. This is mainly because sensitivity maps
offer essential information to oil spill solution suppliers in terms of
environmentally-sensitive areas. They also provide information on the
customized use of workforce and equipment based on the physical
characteristics of a geographical region.

Suppliers are entering into joint ventures for oil spill solutions:

Leading suppliers in this market space are willing to consolidate their
market presence in terms of providing a comprehensive solution to
buyers. This has led to increased joint ventures with regional
suppliers. Moreover, engaging in joint ventures assists buyers in
utilizing the expertise from both suppliers via a single contractual
engagement through the JV firm.

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Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]