Oil production has been increasing steadily across the globe. The supply of oil in the market has surpassed the demand and consumption of oil. This has created a favorable market for oil storage which can be consumed in future. Oil storage products primarily consist of crude oil, gasoline, aviation fuel, and middle distillates (e.g. diesel, naphtha, kerosene, fuel oil, petrol, marine bunker fuels, and gas oil). Middle East and Africa dominates the global market for oil storage. The study also provides information on drivers, opportunities and restraints along with their impact on the overall market during the forecast period.
Leading manufacturers profiled in the report include Royal Vopak N.V., Kinder Morgan Inc., Oiltanking GmbH, Buckeye Partners L.P., NuStar Energy L.P., Vitol Tank Terminals International B.V, CIM-CCMP Group, CLH Group, Ghazanfar Group, Horizon Terminals Ltd., International-Matex Tank Terminals, Inc., Magellan Midstream Partners L.P., and Sunoco Logistics Partners L.P.
Market Segment By Type : Open Top Tanks, Fixed Roof Tanks, Floating Roof Tanks, Other Storage Facilities
Market Segment By Product: Crude Oil, Gasoline, Aviation Fuel, Middle Distillates