Global Oil Storage Terminal Market Size study & Forecast, by Type by Tank Type, by Product and Regional Analysis, 2023-2030

Description

List of Tables

Global Oil Storage Terminal Market is valued approximately USD 31.14 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030. Oil storage terminals, also known as oil terminals or tank farms, are facilities used for the storage of various types of oil and petroleum products. They serve as vital infrastructure in the oil industry and play a crucial role in ensuring a stable supply of oil to meet demand. Oil storage terminals are typically located near major ports, refineries, or production areas to facilitate the efficient transportation, storage, and distribution of oil. These terminals consist of several storage tanks, which can vary in size and capacity, depending on the specific terminal and its intended purpose. The Oil Storage Terminal market is expanding because of factors such as increasing demand energy, rising demand for various crude oil derived products.

The OPEC 2021 World Oil Outlook 2045 report predicts that between 2021 and 2045, upstream investments will amount to roughly US$1.5 trillion. About US$ 450 billion of this is allocated for investments in new refinery projects and the expansion of current facilities, primarily in developing nations. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Thus, increasing demand, and consumption of oil across the globe is catering the market growth. In addition, Increasing Oil Trade Agreements and Increasing investments for creating strategic petroleum reserves is creating lucrative growth to the market. However, emphasis on adoption of renewable energy resources and growing awareness of carbon emissions stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Oil Storage Terminal Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising oil demand, rising government support for the development of oil reserves. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising oil demand, and rising demand for petroleum based products, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:

Royal Vopak
Belco Manufacturing
Containment Solutions, Inc.
Vitol
Oiltanking GmbH
CST Industries, Inc.
LF Manufacturing
Red Ewald
Superior Tank Co., Inc.
Puma Energy

Recent Developments in the Market:

In September 2021, in the UAE's port of Fujairah, the Brooge Petroleum and Gas Investment Company (BPGIC), a division of Brooge Energy, has begun construction of its phase 2 storage facility. All commissioning and testing clearances have been obtained for the location housing crude oil and clean petroleum products. BPGIC is now the second-largest storage operator in the area after phase 2 operations, with a storage capacity of roughly 1 million m3 (6.3 million bbl).
In December 2021, NOLA Oil Terminal LLC has announced the development of phase one of the oil and refined products terminal project in Plaquernines Parish, Louisiana. The United States invested $300 in purchasing the 158 acres. The project's first water-side phase includes two deepwater ports and one barge dock. When both ports are completely operating, they can moor 170.000 tank ships.

Global Oil Storage Terminal Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Tank Type, Product, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Strategic Reserve
Commercial Reserve

By Tank Type:

Fixed Roof
Floating Roof
Bullet Tank
Spherical Tank

By Product:

Diesel
Petrol
Aviation Fuel
Crude Oil
Kerosene
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Oil Storage Terminal Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Oil Storage Terminal Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Oil Storage Terminal Market, by Tank Type, 2020-2030 (USD Billion)
- 1.2.4. Oil Storage Terminal Market, by Product, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Oil Storage Terminal Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Oil Storage Terminal Market Dynamics

3.1. Oil Storage Terminal Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand energy
  - 3.1.1.2. Rising Demand for Various Crude Oil derived products
- 3.1.2. Market Challenges
  - 3.1.2.1. Emphasis on Adoption of Renewable Energy Resources
  - 3.1.2.2. growing awareness of carbon emissions
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Oil Trade Agreements
  - 3.1.3.2. Increasing investments for creating strategic petroleum reserves

Chapter 4. Global Oil Storage Terminal Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Oil Storage Terminal Market, by Type

5.1. Market Snapshot
5.2. Global Oil Storage Terminal Market by Type, Performance - Potential Analysis
5.3. Global Oil Storage Terminal Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Oil Storage Terminal Market, Sub Segment Analysis
- 5.4.1. Strategic Reserve
- 5.4.2. Commercial Reserve

Chapter 6. Global Oil Storage Terminal Market, by Tank Type

6.1. Market Snapshot
6.2. Global Oil Storage Terminal Market by Tank Type, Performance - Potential Analysis
6.3. Global Oil Storage Terminal Market Estimates & Forecasts by Tank Type 2020-2030 (USD Billion)
6.4. Oil Storage Terminal Market, Sub Segment Analysis
- 6.4.1. Fixed Roof
- 6.4.2. Floating Roof
- 6.4.3. Bullet Tank
- 6.4.4. Spherical Tank

Chapter 7. Global Oil Storage Terminal Market, by Product

7.1. Market Snapshot
7.2. Global Oil Storage Terminal Market by Product, Performance - Potential Analysis
7.3. Global Oil Storage Terminal Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
7.4. Oil Storage Terminal Market, Sub Segment Analysis
- 7.4.1. Diesel
- 7.4.2. Petrol
- 7.4.3. Aviation Fuel
- 7.4.4. Crude Oil
- 7.4.5. Kerosene
- 7.4.6. Others

Chapter 8. Global Oil Storage Terminal Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Oil Storage Terminal Market, Regional Market Snapshot
8.4. North America Oil Storage Terminal Market
- 8.4.1. U.S. Oil Storage Terminal Market
  - 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Tank Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Product breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Oil Storage Terminal Market
8.5. Europe Oil Storage Terminal Market Snapshot
- 8.5.1. U.K. Oil Storage Terminal Market
- 8.5.2. Germany Oil Storage Terminal Market
- 8.5.3. France Oil Storage Terminal Market
- 8.5.4. Spain Oil Storage Terminal Market
- 8.5.5. Italy Oil Storage Terminal Market
- 8.5.6. Rest of Europe Oil Storage Terminal Market
8.6. Asia-Pacific Oil Storage Terminal Market Snapshot
- 8.6.1. China Oil Storage Terminal Market
- 8.6.2. India Oil Storage Terminal Market
- 8.6.3. Japan Oil Storage Terminal Market
- 8.6.4. Australia Oil Storage Terminal Market
- 8.6.5. South Korea Oil Storage Terminal Market
- 8.6.6. Rest of Asia Pacific Oil Storage Terminal Market
8.7. Latin America Oil Storage Terminal Market Snapshot
- 8.7.1. Brazil Oil Storage Terminal Market
- 8.7.2. Mexico Oil Storage Terminal Market
8.8. Middle East & Africa Oil Storage Terminal Market
- 8.8.1. Saudi Arabia Oil Storage Terminal Market
- 8.8.2. South Africa Oil Storage Terminal Market
- 8.8.3. Rest of Middle East & Africa Oil Storage Terminal Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Royal Vopak
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Belco Manufacturing
- 9.3.3. Containment Solutions, Inc.
- 9.3.4. Vitol
- 9.3.5. Oiltanking GmbH
- 9.3.6. CST Industries, Inc.
- 9.3.7. LF Manufacturing
- 9.3.8. Red Ewald
- 9.3.9. Superior Tank Co., Inc.
- 9.3.10. Puma Energy

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Oil Storage Terminal Market, report scope
TABLE 2. Global Oil Storage Terminal Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Oil Storage Terminal Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Oil Storage Terminal Market estimates & forecasts by Tank Type 2020-2030 (USD Billion)
TABLE 5. Global Oil Storage Terminal Market estimates & forecasts by Product 2020-2030 (USD Billion)
TABLE 6. Global Oil Storage Terminal Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Oil Storage Terminal Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Oil Storage Terminal Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Oil Storage Terminal Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Oil Storage Terminal Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Oil Storage Terminal Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Oil Storage Terminal Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Oil Storage Terminal Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Oil Storage Terminal Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Oil Storage Terminal Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Oil Storage Terminal Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Oil Storage Terminal Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Oil Storage Terminal Market
TABLE 71. List of primary sources, used in the study of global Oil Storage Terminal Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Oil Storage Terminal Market, research methodology
FIG 2. Global Oil Storage Terminal Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Oil Storage Terminal Market, key trends 2022
FIG 5. Global Oil Storage Terminal Market, growth prospects 2023-2030
FIG 6. Global Oil Storage Terminal Market, porters 5 force model
FIG 7. Global Oil Storage Terminal Market, pest analysis
FIG 8. Global Oil Storage Terminal Market, value chain analysis
FIG 9. Global Oil Storage Terminal Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Oil Storage Terminal Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Oil Storage Terminal Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Oil Storage Terminal Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Oil Storage Terminal Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Oil Storage Terminal Market, regional snapshot 2020 & 2030
FIG 15. North America Oil Storage Terminal Market 2020 & 2030 (USD Billion)
FIG 16. Europe Oil Storage Terminal Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Oil Storage Terminal Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Oil Storage Terminal Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Oil Storage Terminal Market 2020 & 2030 (USD Billion)