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Oil Storage Market Outlook, 2020-2030

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Oil Storage Market Outlook, 2020-2030

Oil Storage Market (Storage Type: Open Top Tanks, Fixed Roof Tanks, Floating Roof Tanks, and Others; Product Type: Crude Oil, Gasoline, Aviation Fuel, and Middle Distillates; and Reserve Type: Strategic Petroleum Reserve and Commercial Petroleum Reserve) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Surge in Stock Levels and Focus on Discovering Alternative Oil Storage Solutions to Aid Market Growth

The oil & gas sector has expanded at an impressive rate over the past couple of decades, owing to increasing demand from an array of end-use industries. As the demand for different types of oil, including gasoline, aviation fuel, middle distillates, and crude oil continues to grow at an impressive rate, oil storage has emerged as an important requirement. Players operating in the oil storage market are increasingly investing resources in new technologies, production of oil storage products, and oil storage techniques to establish a solid foothold in the current market landscape.

Oil & gas is primarily transported over long distances around the world due to which, oil storage is a critical aspect of the overall oil supply chain– a factor that is projected to drive innovations and new development across the oil storage market during the forecast period. Large storage systems are a prerequisite for maritime transport, especially at export-import terminals due to which, the focus on oil storage has remained relatively high– a factor that is anticipated to contribute to the growth of the global oil storage market during the assessment period. Over the few decades, the demand for oil storage to hold strategic reserves to ensure the supply of oil during a crisis period has witnessed a consistent growth.

At the back of these factors, along with increasing focus on quality control, the global oil storage market is on the course to attain a market value of US$ 24 Bn by the end of 2030. At present, open top tanks, floating roof tanks, fixed roof tanks, and cylindrical tanks are some of the most extensively deployed oil storage types.

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Several Countries Explore Possibility of Building New Oil Storage Systems to Cater to Demand

The energy sector around the world has witnessed major developments over the past few years. The increasing demand for crude oil, particularly from developing nations has played an imperative role in influencing the growth of the global oil storage market. Several major nations, including the U.S. and India are increasingly exploring the possibility of increasing the oil storage capacity due to considerable rise in stock levels. The energy department across North America are increasingly focusing on building new oil storage tanks to cater to a surge in the stock levels. Stakeholders involved in the current oil storage market including midstream companies, traders, and oil producers are focusing on the development of different storage alternatives. Some of the concepts that are in contention include conversion of tanks and storage wells into crude storage by primarily utilizing floating storage and more.

While the players in the North American energy sector are considering various expansion strategies, several nations are findings innovative oil storage techniques. For instance, in India, as the storage capacity in pipelines, inland depots, and refineries are nearly full, the policy makers in the country are devising unique ways to store oil. The price war between Russia and Saudi Arabia coupled with dwindling consumption of crude oil and increasing dumping of fuel into the spot market in India are some of the major factors expected to have a strong influence on the overall growth of the oil storage market in India.

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Market Growth to Remain Steady amid COVID-19 Pandemic

The ongoing COVID-19 pandemic is expected to have a moderate impact on the global oil storage market. As onshore tanks and storage alternatives in several major nations, including the U.S. and India are nearly full, market players are increasingly eyeing opportunities in these regions to cater to the demand for new oil storage alternatives. Traders and refiners are increasingly exploring new alternatives such as floating storage to fulfil the growing demand for oil storage alternatives. As the lockdown restrictions around the world continue to ease out, the supply chain across the oil storage market is showing signs of recovery.

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Analysts’ Viewpoint

The global oil storage market is likely to expand at a moderate CAGR of 4% during the forecast period. The market growth can be primarily attributed to increasing production of crude oil, high demand for various types of oil across the industrial sector, increasing demand for oil storage alternatives due to rise in stock levels, and focus on development of innovative oil storage systems. Market players should tap into opportunities in developing regions to gain a competitive edge in the upcoming years. The onset of the COVID-19 pandemic is expected to increase the demand for oil storage systems in 2020.

Oil Storage Market: Overview

  • According to Transparency Market Research’s latest research report on the global oil storage market for the forecast period 2020–2030, demand for oil storage facilities is rising across the globe to ensure supply of oil in case of emergencies. Growth in demand for refined petroleum products in various end-use industries is estimated to boost the global oil storage market over the next few years.
  • In terms of revenue, the global oil storage market is estimated to reach US$ 24 Bn by 2030, expanding at a CAGR of 4% during the forecast period

Mismatch Between Demand and Supply of Refined Products: Key Driver of Oil Storage Market

  • Production of crude oil has increased significantly over the last few years, due to the revolution in shale oil production in the U.S. and ongoing investments in exploration and production of oil reserves across several countries such as Saudi Arabia. This oversupply of crude oil has created a gap between demand and supply. In turn, this is projected to drive investment in the construction of oil storage facilities, thereby boosting the global oil storage market.
  • The coronavirus pandemic prompted governments of various countries to enforce nationwide lockdowns as part of measures to limit the spread of the pandemic. Several restrictions were placed on movement of individuals during the lockdown. Economic activities have come to a halt, barring activities related to essential goods and services. This hampered the demand for refined petroleum products.
  • Demand for crude oil is directly linked to the demand for petroleum products, as crude oil is used as a raw material in the production of refined products. Decline in utilization of refined products has negatively impacted the demand for crude oil. According to the IEA, global demand for oil fell by 16.4 mb/d year-on-year in Q2 2020, as lockdowns were imposed to combat the COVID-19 pandemic. This, in turn, raised the volume of oil storage, subsequently increasing the need for storage facilities for crude oil. Thus, a mismatch between demand and supply of crude oil is anticipated to offer lucrative opportunities for the global oil storage market during the forecast period

Increase in Demand for Oil Storage in Oil & Gas Sector

  • Demand for oil & gas products is rising across the globe owing to increase in population and growth in industrialization
  • Supply of oil has been disrupted due to the COVID-19 pandemic. Development of oil storage facilities is expected to play a major role in energy security policy, as oil is used for a variety of purposes and is difficult to substitute with another commodities.
  • There are two types of oil storage facilities: commercial reserves and strategic petroleum reserves (SPR). Commercial reserves are reserves stored for commercial purposes by various refineries and petroleum companies. Strategic petroleum reserve refers to the reserves made by the government body of a particular country to safeguard the economy and help maintain national security during an energy crisis.
  • In Asia Pacific, China is a prominent importer of crude oil. The country imports 40% of its crude oil from the Middle East. This is boosting the demand for oil storage facilities in the country.

Oil Storage Market: Competition Landscape

  • Detailed profiles of providers of oil storage have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global oil storage market are
    • Royal Vopak N.V.
    • Vitol
    • Oiltanking GmbH
    • Ghazanfar Group
    • NuStar Energy L.P.
    • Magellan Midstream Partners L.P.
    • International-matex Tank Terminals Inc
    • Horizon Terminals Ltd
    • CLH Group
    • CIM-CCMP Group
    • Buckeye Partners L.P.

Oil Storage Market: Major Developments

  • Key service providers of oil storage, such as Royal Vopak N.V., Vitol, Oiltanking GmbH, Magellan Midstream Partners L.P., and Buckeye Partners L.P., are focusing on the expansion of oil storage facilities owing to the rising demand for oil storage facilities. Other prominent developments in the global oil storage market are highlighted below:
  • In April 2018, Buckeye Partners L.P. announced plans to expand its Chicago Complex facility. The company invested approximately US$ 80 Mn in the expansion, as it is a key logistics hub in the Midwest. The expansion includes increased storage, component blending, throughput capacity, and service capabilities in the Chicago Complex to support the rising needs of customers. The expansion also includes the construction of approximately 600,000 barrels of additional product blending tankage as well as build-out of an existing truck rack.
  • In December 2019, Magellan Midstream Partners, L.P. announced a plan to expand the supplemental open season to solicit additional commitments for transportation volume on the western leg of its refined petroleum products pipeline system in Texas. The company is in the process of expanding the capacity of its west Texas refined products pipeline system to approximately 175,000 barrels per day (bpd) from its current capacity of 100,000 bpd.
  •  In the global oil storage market report, we have discussed individual strategies, followed by company profiles of providers of oil storage facilities. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global oil storage market.

Global Oil Storage Market: Segmentation

This report on the global Oil Storage Market provides segmentation of the market based on type and region

Storage Type
  • Open Top Tanks
  • Fixed Roof Tanks
  • Floating Roof Tanks
  • Other Storage Facilities

Product Type
  • Crude Oil
  • Gasoline
  • Aviation Fuel
  • Middle Distillates

By Reserve Type
  • Strategic Petroleum Reserve
  • Commercial Petroleum Reserve

Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South & Central America

Frequently Asked Questions

What is the Oil Storage Market Size?

Oil Storage Market is projected to reach US$ 24 Bn by the end of 2030

What is the CAGR for Oil Storage Market?

Oil Storage Market is expected to grow at a CAGR of 4% during 2020-2030

What are the key factors driving the growth of the Oil Storage Market?

Demand for oil & gas products is rising across the globe owing to the increase in population and growth in industrialization

Which region is more attractive for vendors in the Oil Storage Market?

Asia Pacific is a more attractive region for vendors in the Oil Storage Market

Who are the key players in the Oil Storage Market?

Key vendors in the Oil Storage Market are Royal Vopak N.V., Vitol, Oiltanking GmbH, Ghazanfar Group, NuStar Energy L.P., Magellan Midstream Partners L.P., International-matex Tank Terminals Inc, etc

    1. Executive Summary: Global Oil Storage Market

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Definitions

        2.3. Market Trends

        2.4. Market Dynamics

            2.4.1. Drivers

            2.4.2. Restraints 

            2.4.3. Opportunities 

        2.5. Porter’s Five Forces Analysis

        2.6. Value Chain Analysis

        2.7. Regulatory Landscape 

    3. Global Oil Storage Market Analysis and Forecast, by Reserve Type

        3.1. Key Findings

        3.2. Market Definitions

        3.3. Global Oil Storage Market Volume (Million Cubic Meters), by Reserve Type, 2018–2027

            3.3.1. Strategic Petroleum Reserves

            3.3.2. Commercial Petroleum Reserves

        3.4. Global Oil Storage Market Attractiveness Analysis, by Reserve Type

    4. Global Oil Storage Market Analysis and Forecast, by Storage Type

        4.1. Key Findings

        4.2. Market Definitions

        4.3. Global Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

            4.3.1. Open Top Tanks

            4.3.2. Fixed Roof Tanks

            4.3.3. Floating Roof Tanks

            4.3.4. Other Storage Facilities

        4.4. Global Oil Storage Market Attractiveness Analysis, by Storage Type

    5. Global Oil Storage Market Analysis and Forecast, by Product Type

        5.1. Key Findings

        5.2. Market Definitions

        5.3. Global Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

            5.3.1. Crude Oil

            5.3.2. Gasoline

            5.3.3. Aviation Fuel

            5.3.4. Middle Distillates

        5.4. Global Oil Storage Market Attractiveness Analysis, by Product Type

    6. Global Oil Storage Market Analysis and Forecast, by Region

        6.1. Global Oil Storage Market Volume (Million Cubic Meters), by Region, 2018–2027

            6.1.1. North America

            6.1.2. Europe

            6.1.3. Asia Pacific

            6.1.4. Middle East and Africa

            6.1.5. South and Central America

        6.2. Global Oil Storage Market Attractiveness Analysis, by Region

    7. North America Oil Storage Market Analysis and Forecast

        7.1. Key Findings

        7.2. North America Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        7.3. North America Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        7.4. North America Oil Storage Market Volume (Million Cubic Meters), by Country/Sub-region, 2018–2027

            7.4.1. U.S.

            7.4.2. Canada

        7.5. U.S. Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        7.6. U.S. Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        7.7. Canada Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        7.8. Canada Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        7.9. North America Oil Storage Market Share and Attractiveness Analysis, by Storage Type

        7.10. North America Oil Storage Market Share and Attractiveness Analysis, by Product Type

        7.11. North America Oil Storage Market Share and Attractiveness Analysis, by Country/Sub-region

    8. Europe Oil Storage Market Analysis and Forecast

        8.1. Key Findings

        8.2. Europe Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.3. Europe Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.4. Europe Oil Storage Market Volume (Million Cubic Meters), by Country/Sub-region, 2018–2027

            8.4.1. Germany

            8.4.2. Netherlands

            8.4.3. Spain

            8.4.4. Belgium

            8.4.5. Rest of Europe

        8.5. Germany Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.6. Germany Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.7. Netherlands Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.8. Netherlands Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.9. Spain Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.10. Spain Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.11. Belgium Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.12. Belgium Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.13. Rest of Europe Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        8.14. Rest of Europe Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        8.15. Europe Oil Storage Market Share and Attractiveness Analysis, by Storage Type

        8.16. Europe Oil Storage Market Share and Attractiveness Analysis, by Product Type

        8.17. Europe Oil Storage Market Share and Attractiveness Analysis, by Country/Sub-region

    9. Asia Pacific Oil Storage Market Analysis and Forecast

        9.1. Key Findings

        9.2. Asia Pacific Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.3. Asia Pacific Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.4. Asia Pacific Oil Storage Market Volume (Million Cubic Meters), by Country/Sub-region, 2018–2027

            9.4.1. China

            9.4.2. Japan

            9.4.3. South Korea

            9.4.4. Singapore 

            9.4.5. Rest of Asia Pacific

        9.5. China Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.6. China Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.7. Japan Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.8. Japan Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.9. South Korea Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.10. South Korea Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.11. Singapore Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.12. Singapore Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.13. Rest of Asia Pacific Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        9.14. Rest of Asia Pacific Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        9.15. Asia Pacific Oil Storage Market Share and Attractiveness Analysis, by Storage Type

        9.16. Asia Pacific Oil Storage Market Share and Attractiveness Analysis, by Product Type

        9.17. Asia Pacific Oil Storage Market Share and Attractiveness Analysis, by Country/Sub-region

    10. Middle East and Africa Oil Storage Market Analysis and Forecast

        10.1. Key Findings

        10.2. Middle East and Africa Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.3. Middle East and Africa Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.4. Middle East and Africa Oil Storage Market Volume (Million Cubic Meters), by Country/Sub-region, 2018–2027

            10.4.1. United Arab Emirates

            10.4.2. Saudi Arabia

            10.4.3. Iran

            10.4.4. Oman

            10.4.5. Rest of Middle East and Africa

        10.5. United Arab Emirates Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.6. United Arab Emirates Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.7. Saudi Arabia Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.8. Saudi Arabia Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.9. Iran Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.10. Iran Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.11. Oman Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.12. Oman Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.13. Rest of Middle East and Africa Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        10.14. Rest of Middle East and Africa Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        10.15. Middle East and Africa Oil Storage Market Share and Attractiveness Analysis, by Storage Type

        10.16. Middle East and Africa Oil Storage Market Share and Attractiveness Analysis, by Product Type

        10.17. Middle East and Africa Oil Storage Market Share and Attractiveness Analysis, by Country/Sub-region

    11. South and Central America Oil Storage Market Analysis and Forecast

        11.1. Key Findings

        11.2. South and Central America Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        11.3. South and Central America Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        11.4. South and Central America Oil Storage Market Volume (Million Cubic Meters), by Country/Sub-region, 2018–2027

            11.4.1. Brazil

            11.4.2. Argentina

            11.4.3. Rest of South and Central America

        11.5. Brazil Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        11.6. Brazil Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        11.7. Argentina Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        11.8. Argentina Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        11.9. Rest of South and Central America Oil Storage Market Volume (Million Cubic Meters), by Storage Type, 2018–2027

        11.10. Rest of South and Central America Oil Storage Market Volume (Million Cubic Meters), by Product Type, 2018–2027

        11.11. South and Central America Oil Storage Market Share and Attractiveness Analysis, by Storage Type

        11.12. South and Central America Oil Storage Market Share and Attractiveness Analysis, by Product Type

        11.13. South and Central America Oil Storage Market Share and Attractiveness Analysis, by Country/Sub-region

    12. Competition Landscape

        12.1. Competition Matrix, by Key Players

        12.2. Global Oil Storage Market Share Analysis, by Company, 2018

        12.3. Product Mapping

        12.4. Company Profiles

            12.4.1. Buckeye Partners L.P.

                12.4.1.1. Company overview

                12.4.1.2. Product portfolio

                12.4.1.3. Financial overview

                12.4.1.4. Business strategy

                12.4.1.5. Recent developments

            12.4.2. CIM-CCMP Group

                12.4.2.1. Company overview

                12.4.2.2. Product portfolio

                12.4.2.3. Financial overview

                12.4.2.4. Business strategy

                12.4.2.5. Recent developments

            12.4.3. CLH Group

                12.4.3.1. Company overview

                12.4.3.2. Product portfolio

                12.4.3.3. Financial overview

                12.4.3.4. Business strategy

                12.4.3.5. Recent developments

            12.4.4. Horizon Terminals Ltd

                12.4.4.1. Company overview

                12.4.4.2. Product portfolio

                12.4.4.3. Financial overview

                12.4.4.4. Business strategy

                12.4.4.5. Recent developments

            12.4.5. International-Matex Tank Terminals, Inc

                12.4.5.1. Company overview

                12.4.5.2. Product portfolio

                12.4.5.3. Financial overview

                12.4.5.4. Business strategy

                12.4.5.5. Recent developments

            12.4.6. Kinder Morgan Inc.

                12.4.6.1. Company overview

                12.4.6.2. Product portfolio

                12.4.6.3. Financial overview

                12.4.6.4. Business strategy

                12.4.6.5. Recent developments

            12.4.7. Magellan Midstream Partners L.P.

                12.4.7.1. Company overview

                12.4.7.2. Product portfolio

                12.4.7.3. Financial overview

                12.4.7.4. Business strategy

                12.4.7.5. Recent developments

            12.4.8. NuStar Energy L.P.

                12.4.8.1. Company overview

                12.4.8.2. Product portfolio

                12.4.8.3. Financial overview

                12.4.8.4. Business strategy

                12.4.8.5. Recent developments

            12.4.9. Odfjell Terminal B.V.

                12.4.9.1. Company overview

                12.4.9.2. Product portfolio

                12.4.9.3. Financial overview

                12.4.9.4. Business strategy

                12.4.9.5. Recent developments

            12.4.10. Ghazanfar Group  

                12.4.10.1. Company overview

                12.4.10.2. Product portfolio

                12.4.10.3. Financial overview

                12.4.10.4. Business strategy

                12.4.10.5. Recent developments

            12.4.11. Oiltanking GmbH  

                12.4.11.1. Company overview

                12.4.11.2. Product portfolio

                12.4.11.3. Financial overview

                12.4.11.4. Business strategy

                12.4.11.5. Recent developments

            12.4.12. Royal Vopak N.V.  

                12.4.12.1. Company overview

                12.4.12.2. Product portfolio

                12.4.12.3. Financial overview

                12.4.12.4. Business strategy

                12.4.12.5. Recent developments

            12.4.13. Sunoco Logistics Partners L.P.  

                12.4.13.1. Company overview

                12.4.13.2. Product portfolio

                12.4.13.3. Financial overview

                12.4.13.4. Business strategy

                12.4.13.5. Recent developments

            12.4.14. Vitol Tank Terminals International B.V.  

                12.4.14.1. Company overview

                12.4.14.2. Product portfolio

                12.4.14.3. Financial overview

                12.4.14.4. Business strategy

                12.4.14.5. Recent developments

    13. Primary Research - Key Insights

    14. Appendix

        14.1. Research Methodology and Assumptions 

    1. Executive Summary

        1.1. Market Outlook

        1.2. Key Facts and Figures

        1.3. Key Trends

    2. Market Overview

        2.1. Market Segmentation

        2.2. Market Indicators

    3. Market Dynamics

        3.1. Drivers and Restraints Snapshot Analysis

                3.1.1.1. Drivers

                3.1.1.2. Restraints

                3.1.1.3. Opportunities

        3.2. Porter’s Five Forces Analysis

            3.2.1. Threat of Substitutes

            3.2.2. Bargaining Power of Buyers

            3.2.3. Bargaining Power of Suppliers

            3.2.4. Threat of New Entrants

            3.2.5. Degree of Competition

        3.3. Regulatory Scenario

        3.4. Value Chain Analysis

    4. Global Oil Storage Market: Pricing, by Region, 2019

    5. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Analysis, by Reserve Type

        5.1. Key Findings and Introduction

        5.2. Global Oil Storage Market Volume (Million Barrels) Forecast, by Reserve Type, 2019–2030

            5.2.1. Global Oil Storage Market Volume (Million Barrels) Forecast, by Commercial Petroleum Reserve, 2019–2030

            5.2.2. Global Oil Storage Market Volume (Million Barrels) Forecast, by Strategic Petroleum Reserve, 2019–2030

        5.3. Global Oil Storage Market Attractiveness Analysis, by Reserve Type

    6. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Analysis, by Storage Type

        6.1. Key Findings and Introduction

        6.2. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            6.2.1. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Open Top Tanks, 2019–2030

            6.2.2. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Fixed Roof Tanks, 2019–2030

            6.2.3. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Floating Roof Tanks, 2019–2030

            6.2.4. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Others, 2019–2030

        6.3. Global Oil Storage Market Attractiveness Analysis, by Storage Type

    7. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Analysis, by Product Type

        7.1. Key Findings and Introduction

        7.2. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            7.2.1. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Crude Oil, 2019–2030

            7.2.2. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Gasoline, 2019–2030

            7.2.3. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Aviation Fuel, 2019–2030

            7.2.4. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Middle Distillates, 2019–2030

        7.3. Global Oil Storage Market Attractiveness Analysis, by Product Type

    8. Global Oil Storage Market Analysis, by Region

        8.1. Key Findings

        8.2. Global Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Region

            8.2.1. North America

            8.2.2. Europe

            8.2.3. Asia Pacific

            8.2.4. Latin America

            8.2.5. Middle East & Africa

        8.3. Global Oil Storage Market Attractiveness Analysis, by Region

    9. North America Oil Storage Market Overview

        9.1. Key Findings

        9.2. North America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

        9.3. North America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        9.4. North America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Country

            9.4.1. U.S. Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            9.4.2. U.S. Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            9.4.3. Canada Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            9.4.4. Canada Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        9.5. North America Oil Storage Market Attractiveness Analysis, by Storage Type

        9.6. North America Oil Storage Market Attractiveness Analysis, by Product Type

        9.7. North America Oil Storage Market Attractiveness Analysis, by Country

    10. Europe Oil Storage Market Overview

        10.1. Key Findings

        10.2. Europe Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

        10.3. Europe Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        10.4. Europe Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) and  Forecast, by Country and Sub-region

            10.4.1. Germany Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.2. Germany Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            10.4.3. U.K. Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.4. U.K. Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            10.4.5. Spain Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.6. Spain Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            10.4.7. Italy  Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.8. Italy  Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            10.4.9. Russia & CIS Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.10. Russia & CIS Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            10.4.11. Rest of Europe Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            10.4.12. Rest of Europe Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        10.5. Europe Oil Storage Market Attractiveness Analysis, by Storage Type

        10.6. Europe Oil Storage Market Attractiveness Analysis, by Product Type

        10.7. Europe Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    11. Asia Pacific Oil Storage Market Overview

        11.1. Key Findings

        11.2. Asia Pacific Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

        11.3. Asia Pacific Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        11.4. Asia Pacific Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Country and Sub-region

            11.4.1. China Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.2. China Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.3. India Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.4. India Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.5. Japan Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.6. Japan Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.7. Singapore Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.8. Singapore Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.9. Malaysia Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.10. Malaysia Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.11. Thailand Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.12. Thailand Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.13. Indonesia Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.14. Indonesia Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.15. Other ASEAN Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.16. Other ASEAN Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            11.4.17. Rest of Asia Pacific Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            11.4.18.  Rest of Asia Pacific Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        11.5. Asia Pacific Oil Storage Market Attractiveness Analysis, by Storage Type

        11.6. Asia Pacific Oil Storage Market Attractiveness Analysis, by Product Type

        11.7. Asia Pacific Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    12. Latin America Oil Storage Market Overview

        12.1. Key Findings

        12.2. Latin America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

        12.3. Latin America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        12.4. Latin America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Country and Sub-region

            12.4.1. Brazil Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            12.4.2. Brazil Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            12.4.3. Mexico Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            12.4.4. Mexico Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            12.4.5. Rest of Latin America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            12.4.6. Rest of Latin America Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        12.5. Latin America Oil Storage Market Attractiveness Analysis, by Storage Type

        12.6. Latin America Oil Storage Market Attractiveness Analysis, by Product Type

        12.7. Latin America Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    13. Middle East & Africa Oil Storage Market Overview

        13.1. Key Findings

        13.2. Middle East & Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

        13.3. Middle East & Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        13.4. Middle East & Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Country and Sub-region

            13.4.1. GCC Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            13.4.2. GCC Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            13.4.3. South Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            13.4.4. South Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

            13.4.5. Rest of Middle East & Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Storage Type, 2019–2030

            13.4.6. Rest of Middle East & Africa Oil Storage Market Volume (Million Barrels) and Value (US$ Mn) Forecast, by Product Type, 2019–2030

        13.5. Middle East & Africa Oil Storage Market Attractiveness Analysis, by Storage Type

        13.6. Middle East & Africa Oil Storage Market Attractiveness Analysis, by Product Type

        13.7. Middle East & Africa Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    14. Competition Landscape

        14.1. Competition Matrix

        14.2. Global Oil Storage Market Share Analysis, by Company (2019)

        14.3. Market Footprint Analysis

        14.4. Company Profiles

            14.4.1. Royal Vopak N.V.

                14.4.1.1. Company Details

                14.4.1.2. Company Description

                14.4.1.3. Business Overview

                14.4.1.4. Financial Details

            14.4.2. Vitol

                14.4.2.1. Company Details

                14.4.2.2. Company Description

                14.4.2.3. Business Overview

            14.4.3. Oiltanking GmbH

                14.4.3.1. Company Details

                14.4.3.2. Company Description

                14.4.3.3. Business Overview

            14.4.4. Ghazanfar Group

                14.4.4.1. Company Details

                14.4.4.2. Company Description

                14.4.4.3. Business Overview

            14.4.5. NuStar Energy L.P.

                14.4.5.1. Company Details

                14.4.5.2. Company Description

                14.4.5.3. Business Overview

                14.4.5.4. Financial Details

            14.4.6. Magellan Midstream Partners L.P.      

                14.4.6.1. Company Details

                14.4.6.2. Company Description

                14.4.6.3. Business Overview

                14.4.6.4. Financial Details

            14.4.7. International-matex Tank Terminals Inc

                14.4.7.1. Company Details

                14.4.7.2. Company Description

                14.4.7.3. Business Overview

            14.4.8. Horizon Terminals Ltd

                14.4.8.1. Company Details

                14.4.8.2. Company Description

                14.4.8.3. Business Overview

            14.4.9. CLH Group

                14.4.9.1. Company Details

                14.4.9.2. Company Description

                14.4.9.3. .Business Overview

            14.4.10. CIM-CCMP Group

                14.4.10.1. Company Details

                14.4.10.2. Company Description

                14.4.10.3. .Business Overview

            14.4.11. Buckeye Partners L.P.      

                14.4.11.1. Company Details

                14.4.11.2. Company Description

                14.4.11.3. Business Overview

                14.4.11.4. Financial Details

        15. Primary Research – Key Insights

        16. Appendix

            16.1. Research Methodology and Assumptions

    List of Figures

    Figure 01: Global Oil Storage Market Value Analysis, by Storage Type

    Figure 02: Global Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 03: Global Oil Storage Market Value Analysis, by Product Type

    Figure 04: Global Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 05: Global Oil Storage Market Share Analysis, by Region

    Figure 06: Global Oil Storage Market Attractiveness Analysis, by Region

    Figure 07: North America Oil Storage Market Value (US$ Mn), 2019–2030

    Figure 08: North America Oil Storage Market Value Share Analysis, by Country

    Figure 09: North America Oil Storage Market Attractiveness Analysis, by Country

    Figure 10: North America Oil Storage Market Value Share Analysis, by Storage Type

    Figure 11: North America Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 12: North America Oil Storage Market Value Share Analysis, by Product Type

    Figure 13: North America Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 14: Europe Oil Storage Market Value (US$ Mn), 2019–2030

    Figure 15: Europe Oil Storage Market Value Share Analysis, by Country and Sub-region

    Figure 16: Europe Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    Figure 17: Europe Oil Storage Market Value Share Analysis, by Storage Type

    Figure 18: Europe Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 19: Europe Oil Storage Market Value Share Analysis, by Product Type

    Figure 20: Europe Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 21: Asia Pacific Oil Storage Market Value (US$ Mn), 2019–2030

    Figure 22: Asia Pacific Oil Storage Market Value Share Analysis, by Country and Sub-region

    Figure 23: Asia Pacific Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    Figure 24: Asia Pacific Oil Storage Market Value Share Analysis, by Storage Type

    Figure 25: Asia Pacific Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 26: Asia Pacific Oil Storage Market Value Share Analysis, by Product Type

    Figure 27: Asia Pacific Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 28: Latin America Oil Storage Market Value (US$ Mn), 2019–2030

    Figure 29: Latin America Oil Storage Market Value Share Analysis, by Country and Sub-region

    Figure 30: Latin America Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    Figure 31: Latin America Oil Storage Market Value Share Analysis, by Storage Type

    Figure 32: Latin America Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 33: Latin America Oil Storage Market Value Share Analysis, by Product Type

    Figure 34: Latin America Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 35: Middle East & Africa Oil Storage Market Value (US$ Mn), 2019–2030

    Figure 36: Middle East & Africa Oil Storage Market Value Share Analysis, by Country and Sub-region

    Figure 37: Middle East & Africa Oil Storage Market Attractiveness Analysis, by Country and Sub-region

    Figure 38: Middle East & Africa Oil Storage Market Value Share Analysis, by Storage Type

    Figure 39: Middle East & Africa Oil Storage Market Attractiveness Analysis, by Storage Type

    Figure 40: Middle East & Africa Oil Storage Market Value Share Analysis, by Product Type

    Figure 41: Middle East & Africa Oil Storage Market Attractiveness Analysis, by Product Type

    Figure 42: Global Oil Storage Market Share Analysis, by Company, 2019

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