- December 26, 2020
- Category: Chemicals and Material, Oil and Gas Industry
Global Oil Storage Market Size study, by Product (Open Top, Fixed Roof, Floating Roof, Others), by Application (Crude Oil, Middle Distillates, Gasoline, Aviation Fuel, Others) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Oil Storage Market, by Region, 2018-2027 (USD Billion) 1.2.2. Oil Storage Market, by Product, 2018-2027 (USD Billion) 1.2.3. Oil Storage Market, by Application, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Oil Storage Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Oil Storage Market Dynamics 3.1. Oil Storage Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Oil Storage Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Oil Storage Market, by Product 5.1. Market Snapshot 5.2. Global Oil Storage Market by Product, Performance - Potential Analysis 5.3. Global Oil Storage Market Estimates & Forecasts by Product 2017-2027 (USD Billion) 5.4. Oil Storage Market, Sub Segment Analysis 5.4.1. Open Top 5.4.2. Fixed Roof 5.4.3. Floating Roof 5.4.4. Others Chapter 6. Global Oil Storage Market, by Application 6.1. Market Snapshot 6.2. Global Oil Storage Market by Application, Performance - Potential Analysis 6.3. Global Oil Storage Market Estimates & Forecasts by Application 2017-2027 (USD Billion) 6.4. Oil Storage Market, Sub Segment Analysis 6.4.1. Crude Oil 6.4.2. Middle Distillates 6.4.3. Gasoline 6.4.4. Aviation Fuel 6.4.5. Others Chapter 7. Global Oil Storage Market, Regional Analysis 7.1. Oil Storage Market, Regional Market Snapshot 7.2. North America Oil Storage Market 7.2.1. U.S. Oil Storage Market 220.127.116.11. Product breakdown estimates & forecasts, 2017-2027 18.104.22.168. Application breakdown estimates & forecasts, 2017-2027 7.2.2. Canada Oil Storage Market 7.3. Europe Oil Storage Market Snapshot 7.3.1. U.K. Oil Storage Market 7.3.2. Germany Oil Storage Market 7.3.3. France Oil Storage Market 7.3.4. Spain Oil Storage Market 7.3.5. Italy Oil Storage Market 7.3.6. Rest of Europe Oil Storage Market 7.4. Asia-Pacific Oil Storage Market Snapshot 7.4.1. China Oil Storage Market 7.4.2. India Oil Storage Market 7.4.3. Japan Oil Storage Market 7.4.4. Australia Oil Storage Market 7.4.5. South Korea Oil Storage Market 7.4.6. Rest of Asia Pacific Oil Storage Market 7.5. Latin America Oil Storage Market Snapshot 7.5.1. Brazil Oil Storage Market 7.5.2. Mexico Oil Storage Market 7.6. Rest of The World Oil Storage Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. Vitol Tank Terminals International BV (VTTI) 22.214.171.124. Key Information 126.96.36.199. Overview 188.8.131.52. Financial (Subject to Data Availability) 184.108.40.206. Product Summary 220.127.116.11. Recent Developments 8.2.2. Koninklijke Vopak NV 8.2.3. Oiltanking GmbH 8.2.4. Shawcor Ltd. 8.2.5. Buckeye Partners, L.P. 8.2.6. Containment Solutions, Inc. 8.2.7. ZCL Composites 8.2.8. Belco Manufacturing 8.2.9. Columbian Steel Tank Company Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Oil Storage Market is valued approximately at USD 3.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2020-2027. Over the years, the oil & gas sector is gaining a lot of traction around the world, due to extensive demand of oil from a range of industries, chemical industry, pharmaceutical and automotive industry, and others. As the demand for oil & gas is surging, oil storage has emerged as a most prominent requirement. Oil storage is a sort of trade where vertically cohesive companies procure oil for direct delivery and stockpile until the oil price increases. Further, the stockpile of oil can be performed for a short span of time due to the fact that oil could be elated for refinement process. Oil storage provides protection from short-time price fluctuations of crude oil and its derivatives. Also, the rise in production of oil has fortified suppliers to expand their inventories and infrastructure to store hefty quantities of oil, thereby reinforcing the market growth worldwide. Moreover, the rise in production and demand of crude oil & gas around the world, the volatile prices of oil, and increasing government expenditures towards ongoing oil & gas projects are the few factors responsible for the impressive CAGR of the market during the forecast period. According to the International Energy Agency (IEA), the daily demand for crude oil worldwide is expected to reach almost 100.6 million barrels to 2019 from 96.2 million barrels in 2016. Likewise, as per the International Energy Agency (IEA), in 2019, the production of natural gas around the world reach to the 4 Tcm threshold for the initial time with 4,088 billion cubic meters generated, demonstrating an escalation of 3.3% from 2018. Since the monetary crisis, the production of natural gas has been progressively rising at an annual compounded growth rate of almost 2.7%. This, in turn, is likely to strengthen the demand for oil storage, thereby contributing to the market growth around the world. However, the presence of stringent regulations on oil stockpiling and rising inventory cost are the major factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Oil Storage market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. LAMEA is the leading/significant region across the world in terms of market share owing to the rising oil & gas exploration activities, along with the significant presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in demand for crude oil and gas coupled with rising spending on onshore and offshore oil operations in developing nations, such as China and India, would create lucrative growth prospects for the Oil Storage market across the Asia-Pacific region.
Major market player included in this report are:
Vitol Tank Terminals International BV (VTTI)
Koninklijke Vopak NV
Buckeye Partners, L.P.
Containment Solutions, Inc.
Columbian Steel Tank Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Oil Storage Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers