Market Overview:
The global oil storage market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for crude oil, gasoline, aviation fuel, naphtha, diesel and kerosene from various end-use industries. In addition, the growing demand for liquefied petroleum gas (LPG) is also contributing to the growth of the global oil storage market. However, volatility in crude oil prices may restrain the growth of this market during the forecast period. The global oil storage market can be segmented on the basis of type into open top tank, fixed roof tank and floating roof tank. On them basis of application,, thee Global Oil Storage Market can be divided intocrudeoil,, gasoline,, aviationfuel,, naphta,,,, diesel,,,, kerosene and liquefied petroleum gas (LPG).
Product Definition:
Oil storage is the containment of oil for future use. The importance of oil storage is to have a consistent supply of oil to meet the needs of society.
Open Top Tank:
An open top tank is a large, usually steel or concrete, container that is used to store liquid. It has no lid and therefore the level of the liquid can be seen from outside. Open top tanks are most commonly used for storage of hazardous or toxic liquids such as acids, solvents, pesticides and chemicals among others. They are also used in some non-hazardous applications like chemical storage facilities and refineries among others.
Fixed Roof Tank:
Fixed roof tank is a closed steel or concrete structure, built on the oil storage tanks. It has fixed roof and wall which can be used for the storage of flammable liquids including petrol, diesel and other fuels. Fixed roof tank is designed in such a way that it provides maximum safety to the stored liquid by preventing any type of fire accident from above or below.
Application Insights:
Crude oil emerged as the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing production of crude oil along with declining demand from downstream sectors such as refining and petrochemicals.
The aviation fuel application segment was valued at USD 546.5 million in 2017 owing to growing passenger traffic across airports globally coupled with rising air transportation activities supported by a robust global economy that has improved people¢â‚¬â„¢s standard of living significantly over the past few years. Aviation fuel demand is anticipated to grow at a CAGR of XX% from 2018-2030 globally on account of increasing passenger traffic supported by economic development resulting in increased travel expenditure for both business & leisure travelers which will positively impact product consumption during future period estimates.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in demand for oil storage facilities owing to growing petroleum refining and petrochemical manufacturing sectors. In addition, increasing investments by various governments of countries such as China, India, South Korea are anticipated to boost growth of end-user industries such as chemicals and plastics which will further drive the market growth over the coming years.
North America accounted for approximately 20% of total revenue share in 2017 on account of high product demand from U.S.
Growth Factors:
- Increasing demand for oil storage from the transportation and logistics sector
- Rising investment in oil storage infrastructure by governments and private players
- Proliferation of floating storage facilities to cater to the growing demand for oil storage
- Emergence of new players in the oil storage market
- Technological advancements that improve efficiency and reduce costs of storing crude oil
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil storage Market Research Report
By Type
Open Top Tank, Fixed Roof Tank, Floating Roof Tank, Others
By Application
Crude Oil, Gasoline, Aviation Fuel, Naphtha, Diesel, Kerosene, Liquefied Petroleum Gas (LPG)
By Companies
ZCL Composites, Belco Manufacturing, Containment Solutions, Sunoco Logistics, Oiltanking, Columbian Steel Tank, Poly Processing, Synalloy Corporation, L.F. Manufacturing, Red Ewald, Ziemann Holvrieka, Snyder Industries, Tuffa Tank, Marquard & Bahls, Royal Vopak, Zepnotek Storage Tanks
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Oil storage Market Report Segments:
The global Oil storage market is segmented on the basis of:
Types
Open Top Tank, Fixed Roof Tank, Floating Roof Tank, Others
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
Crude Oil, Gasoline, Aviation Fuel, Naphtha, Diesel, Kerosene, Liquefied Petroleum Gas (LPG)
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:
- ZCL Composites
- Belco Manufacturing
- Containment Solutions
- Sunoco Logistics
- Oiltanking
- Columbian Steel Tank
- Poly Processing
- Synalloy Corporation
- L.F. Manufacturing
- Red Ewald
- Ziemann Holvrieka
- Snyder Industries
- Tuffa Tank
- Marquard & Bahls
- Royal Vopak
- Zepnotek Storage Tanks
Highlights of The Oil storage 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:
- Open Top Tank
- Fixed Roof Tank
- Floating Roof Tank
- Others
- By Application:
- Crude Oil
- Gasoline
- Aviation Fuel
- Naphtha
- Diesel
- Kerosene
- Liquefied Petroleum Gas (LPG)
- 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 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is the practice of storing oil in an underground or underwater reservoir.
Some of the key players operating in the oil storage market are ZCL Composites, Belco Manufacturing, Containment Solutions, Sunoco Logistics, Oiltanking, Columbian Steel Tank, Poly Processing, Synalloy Corporation, L.F. Manufacturing, Red Ewald, Ziemann Holvrieka, Snyder Industries, Tuffa Tank, Marquard & Bahls, Royal Vopak, Zepnotek Storage Tanks.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil storage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil storage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil storage Market - Supply Chain
4.5. Global Oil storage Market Forecast
4.5.1. Oil storage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil storage Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil storage Market Absolute $ Opportunity
5. Global Oil storage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil storage Market Size and Volume Forecast by Type
5.3.1. Open Top Tank
5.3.2. Fixed Roof Tank
5.3.3. Floating Roof Tank
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil storage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil storage Market Size and Volume Forecast by Application
6.3.1. Crude Oil
6.3.2. Gasoline
6.3.3. Aviation Fuel
6.3.4. Naphtha
6.3.5. Diesel
6.3.6. Kerosene
6.3.7. Liquefied Petroleum Gas (LPG)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil storage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil storage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil storage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil storage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil storage Demand Share Forecast, 2019-2026
9. North America Oil storage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil storage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil storage Market Size and Volume Forecast by Application
9.4.1. Crude Oil
9.4.2. Gasoline
9.4.3. Aviation Fuel
9.4.4. Naphtha
9.4.5. Diesel
9.4.6. Kerosene
9.4.7. Liquefied Petroleum Gas (LPG)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil storage Market Size and Volume Forecast by Type
9.7.1. Open Top Tank
9.7.2. Fixed Roof Tank
9.7.3. Floating Roof Tank
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil storage Demand Share Forecast, 2019-2026
10. Latin America Oil storage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil storage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil storage Market Size and Volume Forecast by Application
10.4.1. Crude Oil
10.4.2. Gasoline
10.4.3. Aviation Fuel
10.4.4. Naphtha
10.4.5. Diesel
10.4.6. Kerosene
10.4.7. Liquefied Petroleum Gas (LPG)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil storage Market Size and Volume Forecast by Type
10.7.1. Open Top Tank
10.7.2. Fixed Roof Tank
10.7.3. Floating Roof Tank
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil storage Demand Share Forecast, 2019-2026
11. Europe Oil storage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil storage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil storage Market Size and Volume Forecast by Application
11.4.1. Crude Oil
11.4.2. Gasoline
11.4.3. Aviation Fuel
11.4.4. Naphtha
11.4.5. Diesel
11.4.6. Kerosene
11.4.7. Liquefied Petroleum Gas (LPG)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil storage Market Size and Volume Forecast by Type
11.7.1. Open Top Tank
11.7.2. Fixed Roof Tank
11.7.3. Floating Roof Tank
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. -o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil storage Demand Share, 2019-2026
12. Asia Pacific Oil storage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil storage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil storage Market Size and Volume Forecast by Application
12.4.1. Crude Oil
12.4.2. Gasoline
12.4.3. Aviation Fuel
12.4.4. Naphtha
12.4.5. Diesel
12.4.6. Kerosene
12.4.7. Liquefied Petroleum Gas (LPG)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil storage Market Size and Volume Forecast by Type
12.7.1. Open Top Tank
12.7.2. Fixed Roof Tank
12.7.3. Floating Roof Tank
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil storage Demand Share, 2019-2026
13. Middle East & Africa Oil storage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil storage Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil storage Market Size and Volume Forecast by Application
13.4.1. Crude Oil
13.4.2. Gasoline
13.4.3. Aviation Fuel
13.4.4. Naphtha
13.4.5. Diesel
13.4.6. Kerosene
13.4.7. Liquefied Petroleum Gas (LPG)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil storage Market Size and Volume Forecast by Type
13.7.1. Open Top Tank
13.7.2. Fixed Roof Tank
13.7.3. Floating Roof Tank
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil storage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil storage Market: Market Share Analysis
14.2. Oil storage Distributors and Customers
14.3. Oil storage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ZCL Composites
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Belco Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Containment Solutions
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sunoco Logistics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oiltanking
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Columbian Steel Tank
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Poly Processing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Synalloy Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. L.F. Manufacturing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Red Ewald
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ziemann Holvrieka
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Snyder Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tuffa Tank
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Marquard & Bahls
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Royal Vopak
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zepnotek Storage Tanks
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
