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PUBLISHER: Grand View Research | PRODUCT CODE: 1908663
PUBLISHER: Grand View Research | PRODUCT CODE: 1908663
Oil Storage Market Size, Share & Trends Analysis Report By Product (Open Top, Fixed Roof, Floating Roof), By Application, By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2026 - 2033
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PAGES: 120 Pages
DELIVERY TIME: 2-10 business days
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Oil Storage Market Summary
The global oil storage market size was estimated at 2315.2 MCM in 2025 and is projected to reach 3296.1 MCM by 2033, growing at a CAGR of 4.4% from 2026 to 2033. Rapid industrialization and urbanization, particularly across emerging economies, continue to drive higher consumption of energy resources, including crude oil and refined petroleum products.
As nations expand transportation networks, manufacturing capacity, and urban infrastructure, the need for reliable and efficient oil storage systems becomes increasingly critical to ensure uninterrupted supply chains and inventory management. This rising demand is prompting investments in new storage terminals and the expansion of existing facilities, supporting steady market growth in terms of installed storage volume.
Oil storage infrastructure plays a vital role in supporting strategic reserves, commercial trading activities, and operational requirements across the energy value chain. Large and medium capacity storage facilities are preferred due to their ability to handle bulk volumes, improve logistical efficiency, and enhance energy security. Growing volatility in global oil prices, increasing cross-border oil trade, and government-led initiatives to strengthen strategic petroleum reserves in countries such as the U.S., China, India, and key Middle Eastern economies are further accelerating the expansion of oil storage capacity worldwide.
Global Oil Storage Market Report Segmentation
This report forecasts volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global oil storage market report based on the product, application, and region.
- Product Outlook (Volume, Million cubic meters, 2021 - 2033)
- Open top
- Fixed roof
- Floating roof
- Others
- Application Outlook (Volume, Million cubic meters, 2021 - 2033)
- Crude oil
- Middle distillates
- Gasoline
- Aviation fuel
- Others
- Regional Outlook (Volume, Million cubic meters, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
Product Code: GVR-1-68038-132-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Product
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Oil Storage Market: Product Estimates & Trend Analysis
- 4.1. Oil Storage Market: Product Movement Analysis, 2025 & 2033
- 4.2. Open top
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 4.3. Fixed roof
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 4.4. Floating roof
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
Chapter 5. Oil Storage Market: Application Estimates & Trend Analysis
- 5.1. Oil Storage Market: Application Movement Analysis, 2025 & 2033
- 5.2. Crude oil
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 5.3. Middle distillates
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 5.4. Gasoline
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 5.5. Aviation fuel
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
Chapter 6. Oil Storage Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2025 & 2033
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.2.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.2.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.2.5.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.2.6.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.3.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.3.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.3.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.3.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.3.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.3.5.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.3.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.3.6.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.4.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.4.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.4.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.4.5.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.4.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.4.6.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.4.7.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.4.7.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.5.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.5.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.5.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.6.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.6.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.6.4.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecasts, 2021 - 2033 (Million cubic meters)
- 6.6.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Million cubic meters)
- 6.6.5.3. Market estimates and forecasts, by application, 2021 - 2033 (Million cubic meters)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments By Key Market Participants
- 7.2. Company Categorization
- 7.3. List of Key Component Suppliers & Channel Partners
- 7.4. Company Market Share & Positioning Analysis, 2025
- 7.5. Heat Map Analysis
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors/Traders
- 7.6.3. List of Other Prominent Manufacturers
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. Koninklijke Vopak N.V.
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Vitol Tank Terminals International BV (VTTI)
- 7.9.2.1. Company Overview
- 7.9.2.2. Financial Performance
- 7.9.2.3. Product Benchmarking
- 7.9.3. Oiltanking GmbH
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. China National Petroleum Corporation (CNPC)
- 7.9.4.1. Company Overview
- 7.9.4.2. Financial Performance
- 7.9.4.3. Product Benchmarking
- 7.9.5. China Petroleum & Chemical Corporation (Sinopec Group)
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. Saudi Aramco
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Kinder Morgan, Inc.
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. Buckeye Partners, L.P.
- 7.9.8.1. Company Overview
- 7.9.8.2. Financial Performance
- 7.9.8.3. Product Benchmarking
- 7.9.9. Rosneft Oil Company
- 7.9.9.1. Company Overview
- 7.9.9.2. Financial Performance
- 7.9.9.3. Product Benchmarking
- 7.9.10. BP plc
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking
- 7.9.1. Koninklijke Vopak N.V.
Product Code: GVR-1-68038-132-0
List of Tables
- Table 1 Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 2 Open top market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 3 Fixed roof market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 4 Floating roof market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 5 Others market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 6 Oil Storage market estimates & forecasts, in Crude oil, 2021 - 2033 (Million cubic meters)
- Table 7 Oil Storage market estimates & forecasts, in Middle distillates, 2021 - 2033 (Million cubic meters)
- Table 8 Oil Storage market estimates & forecasts, in Gasoline, 2021 - 2033 (Million cubic meters)
- Table 9 Oil Storage market estimates & forecasts, in Aviation fuel, 2021 - 2033 (Million cubic meters)
- Table 10 Oil Storage market estimates & forecasts, in Others, 2021 - 2033 (Million cubic meters)
- Table 11 North America Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 12 North America Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 13 North America Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 14 US Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 15 US Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 16 US Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 17 Canada Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 18 Canada Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 19 Canada Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 20 Mexico Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 21 Mexico Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 22 Mexico Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 23 Europe Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 24 Europe Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 25 Europe Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 26 Germany Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 27 Germany Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 28 Germany Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 29 France Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 30 France Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 31 France Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 32 UK Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 33 UK Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 34 UK Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 35 Asia Pacific Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 36 Asia Pacific Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 37 Asia Pacific Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 38 China Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 39 China Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 40 China Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 41 Japan Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 42 Japan Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 43 Japan Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 44 South Korea Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 45 South Korea Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 46 South Korea Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 47 India Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 48 India Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 49 India Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 50 Latin America Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 51 Latin America Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 52 Latin America Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 53 Brazil Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 54 Brazil Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 55 Brazil Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 56 Middle East & Africa Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 57 Middle East & Africa Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 58 Middle East & Africa Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 59 Saudi Arabia Oil Storage market estimates & forecasts, 2021 - 2033 (Million cubic meters)
- Table 60 Saudi Arabia Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 61 Saudi Arabia Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
- Table 62 UAE Oil Storage market estimates & forecast, 2021 - 2033 (Million cubic meters)
- Table 63 UAE Oil Storage market estimates & forecasts by product, 2021 - 2033 (Million cubic meters)
- Table 64 UAE Oil Storage market estimates & forecasts by application, 2021 - 2033 (Million cubic meters)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook -Application & Product
- Fig. 8 Competitive Outlook
- Fig. 9 Oil Storage market outlook, 2021-2033 (Million cubic meters)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Oil Storage market, by product: Key takeaways
- Fig. 15 Oil Storage market, by product: Market share, 2025 & 2033
- Fig. 16 Oil Storage market, by application: Key takeaways
- Fig. 17 Oil Storage market, by application: Market share, 2025 & 2033
- Fig. 18 Oil Storage market: Regional analysis, 2025 & 2033
- Fig. 19 Oil Storage market, by region: Key takeaways
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