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PUBLISHER: The Business Research Company | PRODUCT CODE: 1246096

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1246096

Oil Storage Global Market Opportunities And Strategies To 2032

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PAGES: 200 Pages
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“Oil Storage Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on oil storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for oil storage? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The oil storage market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Product Design: Open Top Tank; Fixed Roof Tank; Floating Roof Tank; Other Designs
  • 2) By Type: Crude Oil; Gasoline; Aviation Fuel; Naphtha; Diesel; Kerosene; Liquefied Petroleum Gas (LPG)
  • 3) By Materials: Steel; Carbon Steel; Fiberglass Reinforced Plastic (FRP); Other Materials
  • Companies Mentioned: Belco Manufacturing Co Inc; Brooge Energy; Containment Solutions Inc; LBC Tank Terminals; L F Manufacturing Inc
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the oil storage market are: Belco Manufacturing Co Inc., Brooge Energy, Containment Solutions Inc., LBC Tank Terminals, L F Manufacturing Inc., Oiltanking GmbH, ZCL Composites, Oman Tank Terminal Company, Columbian Steel Tank, Vitol Tank Terminals International BV, Ghazanfar Group, Horizon Terminals Ltd and Waterford Tank & Fabrication.

The global oil storage market grew from $9.41 billion in 2022 to $9.86 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The oil storage market is expected to grow to $11.94 billion in 2027 at a CAGR of 4.9%.

The oil storage market consists of sales of atmospheric storage tanks (AST), open top tanks (OTT), external floating-roof tanks (EFRT), and internal floating-roof tanks (IFRT). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Oil storage refers to reservoirs or containers used to store oils. The oil storage tank is used to hold oil products temporarily before they are transported to end-users. Oil storage is used by companies to get more profits by using the cheapest storage method called underground spaces like the depleted reservoir.

North America was the largest region in the oil storage market in 2022. The regions covered in the oil storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of oil storage include pen top tanks, fixed roof tanks, floating roof tanks and others. The open-top tank refers to process-oriented tanks and is typically used for blending or containment such as chroming tanks, dipping tanks, and batch tanks. These are used in industries as secondary containers for liquid storage. These tanks are used for the storage of crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene and liquefied petroleum gas (LPG). The different materials used in oil storage include steel, carbon steel, fibreglass reinforced plastic (FRP) and others.

The increase in the demand of crude oil supply is expected to propel the growth of the oil storage market. Oil storage is used for storing crude oil, petroleum, and other oil products that are further supplied to end-users. The increase in demand of crude oil supply is due to an increase in consumption of crude oil products like petroleum, oil, and gas. As the oil consumption grows, it will increase the demand of crude oil supply and there will be a significant need for oil storage. For instance, according to the International Energy Agency (IEA), consumption of natural gas in India is expected to reach 25 billion cubic meters with an annual growth of 9% by 2024, and also, according to the Indian Brand Equity Foundation (IBEF), oil demand in India is expected to grow by 50% by 2030 compared to 7% growth for global demand. Therefore, the increase in the energy of crude oil supply is expected to drive the oil storage market.

Product innovation is a key trend gaining popularity in the oil storage market. Many companies operating in the oil storage market are focusing on developing new products to increase their portfolio and capture additional revenue. For instance, in April 2020, Sasol, a South Africa-based integrated energy and chemical company launched TERRAVIS PI. It is used for high production efficiency with low cost. The TERRAVIS PI is a unique product as it improves the flowability of crude oil, particularly in colder environments by reducing insulation, solvent, utility, and mechanical removal costs.

In June 2021, Energi Asia, a UAE-based oil and gas infrastructure investment company acquired the assets of Bulk Terminal Storage from Oiltanking. The acquisition demonstrates Energi's continued commitment to strengthening its infrastructure in the African region and supporting customers with both conventional and alternative fuel storage needs. Oiltanking is a Germany-based logistics service provider of tank terminals for petroleum products, chemicals, and gases.

The countries covered in the oil storage market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The oil storage market research report is one of a series of new reports from The Business Research Company that provides oil storage market statistics, including oil storage industry global market size, regional shares, competitors with an oil storage market share, detailed oil storage market segments, market trends and opportunities, and any further data you may need to thrive in the oil storage industry. This oil storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3748

Table of Contents

1. Executive Summary

2. Oil Storage Market Characteristics

3. Oil Storage Market Trends And Strategies

4. Oil Storage Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Oil Storage Market
  • 4.2. Ukraine-Russia War Impact On Oil Storage Market
  • 4.3. Impact Of High Inflation On Oil Storage Market

5. Oil Storage Market Size And Growth

  • 5.1. Global Oil Storage Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Oil Storage Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Oil Storage Market Segmentation

  • 6.1. Global Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Open Top Tank
  • Fixed Roof Tank
  • Floating Roof Tank
  • Other Designs
  • 6.2. Global Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Crude oil
  • Gasoline
  • Aviation fuel
  • Naphtha
  • Diesel
  • Kerosene
  • Liquefied Petroleum Gas (LPG)
  • 6.3. Global Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Steel
  • Carbon Steel
  • Fiberglass Reinforced Plastic (FRP)
  • Other Materials

7. Oil Storage Market Regional And Country Analysis

  • 7.1. Global Oil Storage Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Oil Storage Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Oil Storage Market

  • 8.1. Asia-Pacific Oil Storage Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Oil Storage Market

  • 9.1. China Oil Storage Market Overview
  • 9.2. China Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Oil Storage Market

  • 10.1. India Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Oil Storage Market

  • 11.1. Japan Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Oil Storage Market

  • 12.1. Australia Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Oil Storage Market

  • 13.1. Indonesia Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Oil Storage Market

  • 14.1. South Korea Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Oil Storage Market

  • 15.1. Western Europe Oil Storage Market Overview
  • 15.2. Western Europe Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Oil Storage Market

  • 16.1. UK Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Oil Storage Market

  • 17.1. Germany Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Oil Storage Market

  • 18.1. France Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Oil Storage Market

  • 19.1. Eastern Europe Oil Storage Market Overview
  • 19.2. Eastern Europe Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Oil Storage Market

  • 20.1. Russia Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Oil Storage Market

  • 21.1. North America Oil Storage Market Overview
  • 21.2. North America Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Oil Storage Market

  • 22.1. USA Oil Storage Market Overview
  • 22.2. USA Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Oil Storage Market

  • 23.1. South America Oil Storage Market Overview
  • 23.2. South America Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Oil Storage Market

  • 24.1. Brazil Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Oil Storage Market

  • 25.1. Middle East Oil Storage Market Overview
  • 25.2. Middle East Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Oil Storage Market

  • 26.1. Africa Oil Storage Market Overview
  • 26.2. Africa Oil Storage Market, Segmentation By Product Design, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Oil Storage Market, Segmentation By Materials, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Oil Storage Market Competitive Landscape And Company Profiles

  • 27.1. Oil Storage Market Competitive Landscape
  • 27.2. Oil Storage Market Company Profiles
    • 27.2.1. Belco Manufacturing Co Inc
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Brooge Energy
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Containment Solutions Inc
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. LBC Tank Terminals
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. L F Manufacturing Inc
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Oil Storage Market

29. Oil Storage Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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