Oil Storage Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2021-2026

Posted By : edwardebreen15 on 2021-12-06   21:07:16    United States
  Oil Storage Market Report


According to IMARC Group’s latest report, titled “Oil Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global oil storage market exhibited moderate growth during 2015-2020. Oil storage refers to the process of storing processed oil in tanks and terminals. Refineries use special oil storage of different types and sizes to store oils and fluids, including gasoline, LPG, crude oil, aviation fuel, petrol, diesel and naphtha, that are corrosive, toxic and flammable in nature. Oil storage tanks are manufactured from stainless steel, carbon steel, plastic, and reinforced concrete materials. Nowadays, they are available in the form of an open-top tank, fixed roof tank, floating roof tank, and single and double skin variants.

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The global oil storage market is primarily driven by the increasing demand for crude oil and the rapid growth of the oil and gas industry. Oil storage tanks and terminals endure the reservoir at various stages of processing and transportation. In addition, the growing need for mega refining hubs and import facilities and the development of advanced technologies for fabricating more durable tanks to prevent and minimize oil leakages have escalated demand for oil storage globally. Furthermore, governments across countries are taking initiatives like strategic petroleum reserves to stockpile a large volume of oil and protect the supply from price hikes and stock-out incidents are expected to significantly affect the market in the upcoming years. Looking forward, IMARC Group expects the global oil storage market to grow at a CAGR of around 5% during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Buckeye Partners L.P.
  • CST Industries Inc.
  • Denali Incorporated (NOV Inc.)
  • Energy Transfer LP
  • LF Manufacturing
  • Oiltanking GmbH (Marquard & Bahls)
  • Royal Vopak N.V.
  • Shawcor Ltd.
  • Synalloy Corporation
  • Snyder Industries LLC
  • VTTI B.V.
  • Ziemann Holvrieka GmbH.

Market Segmentation:

Breakup by Material:

  • Steel
  • Carbon Steel
  • Fiberglass Reinforced Plastic (FRP)
  • Others

Breakup by Product:

  • Open Top
  • Fixed Roof
  • Floating Roof
  • Others

Breakup by Application:

  • Crude Oil
  • Middle Distillates
  • Gasoline
  • Aviation Fuel
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figureshttps://www.imarcgroup.com/oil-storage-market

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Email: Sales@imarcgroup.com

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Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Author

edwardebreen15 Noida India
"We, at IMARC, provide insightful custom and syndicated market research along with consulting services to our clients. Our tailored approach ensures that our clients achieve unparalleled competitive advantage in their respective domains."

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