Globally increasing onshore and offshore drilling activities are the major factor driving the market growth. Rising oil spill incidents from past five years along with strict environmental regulations are anticipated to remain a key factor for the global market. The Global Oil Spill Management Market is expected to reach USD 177.63 billion by 2025, according to a new report by Grand View Research, Inc. Moreover, increase in the marine oil & gas transportation globally is also projected to have a positive impact on market growth. Stringent government regulations are formed particularly in the Europe and North America for installing safety devices & technologies during drilling and transportation of crude oil. This has resulted in the growth of market regions. The increase in the pipeline and tanker transportation of petroleum products is also anticipated to increase the growth for various oil spill management technologies. In addition, increasing investment in R&D acti