Market Overview:
The global oil storage tanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil storage tanks due to the growth in the global crude oil production. In addition, the increasing demand for energy and petrochemicals across various industries is also contributing to the growth of this market. The floating oil storage tanks segment is expected to dominate the global oil storage tanks market during the forecast period from 2018 to 2030, owing to their advantages such as easy installation and low cost as compared with other types of tank systems.
Product Definition:
Storage tanks are large containers that are used to store liquids, such as oil. They can be made of metal or plastic, and may have a variety of shapes, including cylindrical or rectangular. Storage tanks are often used to store oil that is extracted from the ground, but they can also be used to store other liquids such as water or gasoline.
The importance of storage tanks depends on their purpose. For example, storage tanks that are used to store oil that has been extracted from the ground play an important role in the overall process of extracting and transporting oil. Storage tanks that are used to store gasoline can be important for filling up vehicles with fuel.
Floating Oil Storage Tanks:
Floating oil storage tanks are used to store crude oil or other liquid oils. They are floating structures made up of steel, which is either driven directly into the seabed or moored by means of a concrete foundation. These tanks can be located in various places such as offshore fields, ports and terminals, loading banks at railheads and on-site storage facilities among others.
With Frame Oil Storage Tanks:
With frame oil storage tanks and it's usage in the Oil Storage Tanks market, it is used to store crude oil or any other liquid at a convenient location. It has a capacity of holding up to 1,000 gallons (3.8 m³) of crude oil and can be installed onshore or offshore depending upon the location of the operation.
Application Insights:
The other application segment includes railways and roadways. The railway application is expected to witness the fastest growth at a CAGR of XX% from 2018 to 2030 owing to the expansion of oil transportation by rail in several countries, including China, India, Japan and South Korea. Roadways are also expected to witness significant growth over the forecast period due largely to increased domestic production coupled with robust industrial output in key economies across Asia Pacific region such as China Indonesia & Thailand Malaysia Philippines Singapore & Vietnam Russia & Saudi Arabia United Arab Emirates and others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of oil & gas terminals, which results in high demand for storage tanks. Furthermore, increasing offshore projects along with growing exploration activities are likely to drive the regional market growth over the next eight years.
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to rising production from shale plays such as Bakken formation and Permian Basin area of West Texas & southeastern New Mexico. Rising demand for crude oil from end-use industries such as plastics, rubber manufacturing etc., will further propel product demand across this region during the estimated time span.
Growth Factors:
- Increasing demand for oil storage tanks from the transportation and logistics sector as a result of the growth in global trade.
- Rising demand for oil storage tanks from the petrochemical industry to store feedstock and products.
- Growth in investment in upstream oil and gas exploration and production activities, which is expected to lead to an increase in demand for oil storage tanks globally.
- Stringent environmental regulations governing emissions from refineries that are encouraging investments in new or upgraded tankage facilities worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Storage Tanks Market Research Report
By Type
Floating Oil Storage Tanks, With Frame Oil Storage Tanks, Self-supporting Oil Storage Tanks, Bendable Oil Storage Tanks
By Application
Ports, Marians, Other
By Companies
Aqua-Guard Spill Response, Canflex, Cintra, Covertex, Darcy Spillcare Manufacture, Desmi, ECOservice-NEFTEGAZ, Elastec, EMPTEEZY, GEP, Aqua-Guard Spill Response, Markleen Terra, Mavi Deniz, Nanjing Deers Industrial, Sillinger, Sorbcontrol, Versatech Products, Vikoma International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Oil Storage Tanks Market Report Segments:
The global Oil Storage Tanks market is segmented on the basis of:
Types
Floating Oil Storage Tanks, With Frame Oil Storage Tanks, Self-supporting Oil Storage Tanks, Bendable Oil Storage Tanks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ports, Marians, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aqua-Guard Spill Response
- Canflex
- Cintra
- Covertex
- Darcy Spillcare Manufacture
- Desmi
- ECOservice-NEFTEGAZ
- Elastec
- EMPTEEZY
- GEP
- Aqua-Guard Spill Response
- Markleen Terra
- Mavi Deniz
- Nanjing Deers Industrial
- Sillinger
- Sorbcontrol
- Versatech Products
- Vikoma International
Highlights of The Oil Storage Tanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Floating Oil Storage Tanks
- With Frame Oil Storage Tanks
- Self-supporting Oil Storage Tanks
- Bendable Oil Storage Tanks
- By Application:
- Ports
- Marians
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil Storage Tanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil storage tanks are used to store oil and other petroleum products.
Some of the key players operating in the oil storage tanks market are Aqua-Guard Spill Response, Canflex, Cintra, Covertex, Darcy Spillcare Manufacture, Desmi, ECOservice-NEFTEGAZ, Elastec, EMPTEEZY, GEP, Aqua-Guard Spill Response, Markleen Terra, Mavi Deniz, Nanjing Deers Industrial, Sillinger, Sorbcontrol, Versatech Products, Vikoma International.
The oil storage tanks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Storage Tanks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil Storage Tanks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Storage Tanks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil Storage Tanks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil Storage Tanks Market Size & Forecast, 2020-2028
4.5.1 Oil Storage Tanks Market Size and Y-o-Y Growth
4.5.2 Oil Storage Tanks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Floating Oil Storage Tanks
5.2.2 With Frame Oil Storage Tanks
5.2.3 Self-supporting Oil Storage Tanks
5.2.4 Bendable Oil Storage Tanks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Ports
6.2.2 Marians
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Storage Tanks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil Storage Tanks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Floating Oil Storage Tanks
9.6.2 With Frame Oil Storage Tanks
9.6.3 Self-supporting Oil Storage Tanks
9.6.4 Bendable Oil Storage Tanks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Ports
9.10.2 Marians
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Floating Oil Storage Tanks
10.6.2 With Frame Oil Storage Tanks
10.6.3 Self-supporting Oil Storage Tanks
10.6.4 Bendable Oil Storage Tanks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Ports
10.10.2 Marians
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Floating Oil Storage Tanks
11.6.2 With Frame Oil Storage Tanks
11.6.3 Self-supporting Oil Storage Tanks
11.6.4 Bendable Oil Storage Tanks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Ports
11.10.2 Marians
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Floating Oil Storage Tanks
12.6.2 With Frame Oil Storage Tanks
12.6.3 Self-supporting Oil Storage Tanks
12.6.4 Bendable Oil Storage Tanks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Ports
12.10.2 Marians
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Floating Oil Storage Tanks
13.6.2 With Frame Oil Storage Tanks
13.6.3 Self-supporting Oil Storage Tanks
13.6.4 Bendable Oil Storage Tanks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Ports
13.10.2 Marians
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil Storage Tanks Market: Competitive Dashboard
14.2 Global Oil Storage Tanks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aqua-Guard Spill Response
14.3.2 Canflex
14.3.3 Cintra
14.3.4 Covertex
14.3.5 Darcy Spillcare Manufacture
14.3.6 Desmi
14.3.7 ECOservice-NEFTEGAZ
14.3.8 Elastec
14.3.9 EMPTEEZY
14.3.10 GEP
14.3.11 Aqua-Guard Spill Response
14.3.12 Markleen Terra
14.3.13 Mavi Deniz
14.3.14 Nanjing Deers Industrial
14.3.15 Sillinger
14.3.16 Sorbcontrol
14.3.17 Versatech Products
14.3.18 Vikoma International
