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Oil Storage Market Size, Share & Trends Analysis Report By Application (Aviation Fuel, Middle Distillates, Crude Oil, Gasoline), By Product (Open Top, Fixed Roof, Floating Roof), And Segment Forecasts, 2022 - 2030

June 2022 | 73 pages | ID: O7569C1F37FEN
Grand View Research, Inc.

US$ 5,950.00

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Oil Storage Market Growth & Trends

The global oil storage market volume is expected to reach 2,292 MCM by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.98% from 2022 to 2030. A rise in oil & gas production along with the growing demand for crude oil in several end-use markets is likely to drive the market growth over the forecast period. A fixed roof oil storage tank is the most commonly used tank in North America for storage purposes of petroleum products and crude oil. These tanks are easy to construct and an economical option in comparison to the other tank designs. The floating roof tank is likely to witness the fastest growth rate over the forecast period due to fabrication developments and can be used in combination with the fixed roof oil storage tanks. Strategic Petroleum Reserve (SPR) is an emergency storage reserve.

To ensure energy security coupled with the increasing population and demand for petroleum products, several countries are actively involved in developing strategic petroleum reserves. Oil production has witnessed significant growth along with the rising downstream potential. This has urged the government and the oil companies to upgrade their inventories and infrastructure to store large quantities of crude oil and other petroleum products, which are anticipated to increase the SPR facilities. North America is a major oil-producing and consuming region in the world, with the U.S. accounting for a significant share. Oil storage in Canada and the U.S. has evolved rapidly to accommodate the increased output of crude oil and related products.

Oil Storage Market Report Highlights
  • In terms of volume, the crude oil segment of oil storage accounted for a prominent share in the market in 2021 and is further expected to witness steady growth over the forecast period
  • Asia Pacific accounted for the maximum revenue share in 2021 on account of high demand for petroleum and distillates in the commercial and industrial sectors
  • The oil industry in North America is significantly formed by the geopolitical implications of its countries and the world. The U.S. is a major contributing nation to the oil economy of this region. Interconnections of the U.S. with the world are a key strategy for its energy security
  • Major industry participants are practicing several organic and inorganic strategic growth initiatives to expand their service portfolio and enhance their foothold in the market
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market segmentation & scope
1.2. Information procurement
  1.2.1. Purchased database
  1.2.2. GVR’s internal database
  1.2.3. Secondary sources & third-party perspectives
  1.2.4. Primary research
1.3. Information analysis
  1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing

CHAPTER 2. EXECUTIVE SUMMARY

CHAPTER 3. OIL STORAGE MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Size and Growth Prospects
3.2. Industry Value Chain Analysis
3.3. Raw Material Trends
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Opportunity Assessment
3.5. Penetration & Growth Prospect Mapping
3.6. Regulatory Framework
3.7. Business Environment Analysis Tools
  3.7.1. Industry Analysis – Porter’s
  3.7.2. PESTEL Analysis
3.8. Impact of Corona Virus on Oil Storage Market
3.9. Eastern European Geopolitical Implications Overview

CHAPTER 4. OIL STORAGE MARKET APPLICATION OUTLOOK

4.1. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, Million cubic meters)
4.2. Crude Oil
  4.2.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
4.3. Middle Distillates
  4.3.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
4.4. Gasoline
  4.4.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
4.5. Aviation Fuel
  4.5.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
4.6. Others
  4.6.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)

CHAPTER 5. OIL STORAGE MARKET PRODUCT OUTLOOK

5.1. Market Size Estimates & Forecasts and Trend Analysis, 2019 - 2030 (Volume, Million cubic meters)
5.2. Open Top
  5.2.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
5.3. Fixed Roof
  5.3.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
5.4. Floating Roof
  5.4.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
5.5. Others
  5.5.1. Market Estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)

CHAPTER 6. OIL STORAGE MARKET REGIONAL OUTLOOK

6.1. Oil Storage Market, By Region, 2021 & 2030
6.2. North America
  6.2.1. Market estimates and forecasts by region, 2019 - 2030 (Volume, Million cubic meters)
  6.2.2. U.S.
    6.2.2.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.2.3. Canada
    6.2.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.2.4. Mexico
    6.2.4.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
6.3. Europe
  6.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.3.2. Germany
    6.3.2.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.3.3. The Netherlands
    6.3.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.3.4. Belgium
    6.3.4.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.3.5. Russia
    6.3.5.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
6.4. Asia Pacific
  6.4.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.4.2. China
    6.4.2.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.4.3. Australia
    6.4.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.4.4. Indonesia
    6.4.4.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.4.5. Malaysia
    6.4.5.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
6.5. Central & South America
  6.5.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.5.2. Brazil
    6.5.2.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.5.3. Argentina
    6.5.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
6.6. MEA
  6.6.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.6.2. Saudi Arabia
    6.6.2.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)
  6.6.3. UAE
    6.6.3.1. Market estimates and forecasts by Application, 2019 - 2030 (Volume, Million cubic meters)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Vendor Landscape
7.3. Company Market Position Analysis

CHAPTER 8. COMPANY PROFILES

8.1. Vitol Tank Terminals International BV (VTTI)
  8.1.1. Company Overview
  8.1.2. Financial performance
  8.1.3. Product benchmarking
  8.1.4. Strategic Initiatives
8.2. Koninklijke Vopak NV
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Oiltanking GmbH
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Shawcor Ltd.
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Buckeye Partners, L.P.
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Containment Solutions, Inc.
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. ZCL Composites
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. Belco Manufacturing
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Zepnotek Storage
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Columbian Steel Tank
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives

LIST OF TABLES

Table 1. Global Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 2. Global Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 3. Global Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 4. North America Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 5. North America Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 6. North America Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 7. U.S. Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 8. U.S. Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 9. U.S. Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 10. Canada Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 11. Canada Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 12. Canada Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 13. Mexico Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 14. Mexico Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 15. Mexico Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 16. Europe Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 17. Europe Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 18. Europe Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 19. Germany Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 20. Germany Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 21. Germany Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 22. Russia Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 23. Russia Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 24. Russia Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 25. The Netherlands Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 26. The Netherlands Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 27. The Netherlands Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 28. Belgium Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 29. Belgium Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 30. Belgium Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 31. Asia Pacific Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 32. Asia Pacific Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 33. Asia Pacific Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 34. China Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 35. China Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 36. China Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 37. Indonesia Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 38. Indonesia Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 39. Indonesia Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 40. Malaysia Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 41. Malaysia Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 42. Malaysia Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 43. Australia Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 44. Australia Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 45. Australia Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 46. Central & South America Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 47. Central & South America Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 48. Central & South America Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 49. Brazil Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 50. Brazil Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 51. Brazil Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 52. Argentina Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 53. Argentina Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 54. Argentina Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 55. Middle East & Africa Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 56. Middle East & Africa Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 57. Middle East & Africa Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 58. Saudi Arabia Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 59. Saudi Arabia Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 60. Saudi Arabia Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)
Table 61. UAE Oil storage market estimates and forecast, 2019 - 2030, (Million cubic meters)
Table 62. UAE Oil storage market estimates and forecast, by Product, 2019 - 2030, (Million cubic meters)
Table 63.UAE Oil storage market estimates and forecast, by Application, 2019 - 2030, (Million cubic meters)

LIST OF FIGURES

Fig. 1 Market segmentation & scope
Fig. 2 Penetration & growth prospects
Fig. 3 Oil storage value chain analysis
Fig. 4 Oil storage market dynamics
Fig. 5 Marker driver impact analysis
Fig. 6 Market restraint impact analysis
Fig. 7 PORTER’S analysis: Oil storage market
Fig. 8 PESTEL Analysis: Oil storage market
Fig. 9 Oil storage market: Application movement analysis, 2021 & 2030
Fig. 10 Oil storage market: Product movement analysis, 2021 & 2030
Fig. 11 Oil storage market: Regional movement analysis, 2021 & 2030
Fig. 12 Oil storage market: Company market share analysis, 2021


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