Market Research Report
Global Oil Storage Market Size study, by Reserve (Strategic, Commercial), by Product (Fixed Roof, Floating Roof, Spherical Roof, Others) and Regional Forecasts 2021-2027
|Global Oil Storage Market Size study, by Reserve (Strategic, Commercial), by Product (Fixed Roof, Floating Roof, Spherical Roof, Others) and Regional Forecasts 2021-2027|
Published: January 5, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Oil Storage Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.4 % over the forecast period 2021-2027. Oil Storage is storage of oil for Continuous increase in the energy outlook, with growing concern towards the fulfillment of emergency crude oil supply. Increasing energy production rate, requirement of additional oil storage capacity has led to the adoption of Oil Storage across the forecast period. For instance, as per the EIA, weekly U.S. field production of crude oil was 12,300 thousand barrels per day in June 2019 when compared to 8,592 thousand barrels per day in June 2014. Also, with the rise in demand due to rise in energy consumption, the adoption & demand for Oil Storage is likely to increase the market growth during the forecast period. However, initiatives towards alternative fuels impede the growth of the market over the forecast period of 2021-2027.
Global Oil Storage Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increase in extraction and adoption of shell oil technology in this region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate during the forecast period 2021-2027. Factors such as rapid urbanization and industrialization would create profitable growth prospects for the Oil Storage market across Asia-Pacific region.
Major market players included in this report are:
ZCL Composites, Inc.
Superior Product Company, Inc.
Tianjin Anson International Co., Ltd.
Roth Industries Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Oil Storage Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures