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Oil Storage Market – Industry Analyzes, Growth, Estimates and Forecasts Demand Report 2016 - 2024

Press release   •   Sep 15, 2016 13:41 IST

Oil Storage Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024 Size and Share Published in 2016-07-22 Available for US$ 5795 at


Petroleum products are produced through rigorous operations such as identification of oil reserve, exploration, production, refining or processing operations, storage and logistics of supplying petroleum products to end-users. 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. This report by Transparency Market Research analyzes, estimates, and forecasts demand for oil storage on the global and regional level for an eight-year period from 2016 to 2024 in terms of volume. The study also provides information on drivers, opportunities and restraints along with their impact on the overall market during the forecast period. The report segments the market based on type of storage, product type, reserves type, and geography and provides estimates and forecast of the oil storage market for each segment.

The study analyzes the product value chain, beginning with upstream exploration & production up to end-users. Additionally, it evaluates the market based on Porter’s Five Forces model, which analyzes the degree of competition in the market by considering factors such as bargaining power of buyers and suppliers, threat from substitute products, and new entrants. The report includes a detailed competitive landscape of the oil storage market including company market share analysis and profiles of key market participants.

The report provides a decisive view of the oil storage market by segmenting the market based on type of storage, product type, and reserves type. Type of storage segments analyzed in the report include open top tanks, fixed top tanks, floating roof tanks, and other storage facilities. Based on product type, the market is segmented into crude oil storage, aviation fuel storage, gasoline storage, and middle distillates storage. Reserves type segments analyzed in the report include commercial petroleum reserves and strategic petroleum reserves. All the segments have been analyzed based on present and future trends, and the market has been estimated from 2016 to 2024. Floating roof tanks are the most widely used type of storage facility across the globe. Other storage facilities are also used on a large scale. The floating roof tanks segment has the highest growth rate in the oil storage market. This growth is attributed to the inbuilt advantage of these tanks which helps prevent breathing losses. These losses are a major concern due to strict environmental emission norms across the globe.

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The oil storage market has been segmented based on geography into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. Demand for each segment of oil storage facilities in terms of volume for each of these regions has been forecast in the report for the period from 2016 to 2024.

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. These companies have been profiled in detail with features such as company overview, financial overview, business strategies, employee strength, and recent developments.

Oil Storage Market – Type of Storage Segment Analysis

Open Top Tanks

Fixed Roof Tanks

Floating Roof Tanks

Other Storage Facilities

Oil Storage Market – Product Type Segment Analysis

Crude Oil


Aviation Fuel

Middle Distillates

Oil Storage Market – Reserve Type Segment Analysis

Strategic Petroleum Reserve

Commercial Petroleum Reserve

Oil Storage Market – Regional Analysis

North America








Asia Pacific



South Korea


Middle East & Africa

Saudi Arabia



South and Central America



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Table of Content

1. Preface

1.1. Report Description

1.2. Market Segmentation

1.3. Research Scope

1.4. Research Methodology

2. Executive Summary

2.1. Global Oil Storage Market Snapshot

2.2. Global Oil Storage Market Overview

3. Industry Analysis

3.1. Introduction

3.2. Overview

3.3. Value Chain Analysis – Snapshot

3.4. Value Chain Analysis – Overview

3.5. Market Dynamics – Overview

3.5.1. Driver 1- Increased demand for oil storage expansion

3.5.2. Driver 1- Demand for petroleum products is rising due to increase in road travel

3.5.3. Restraints 1 - High initial investments required for oil storage expansion

3.5.4. Opportunities 1- Oil surplus provides profitable investment opportunity in oil storage business

3.6. Porter’s Five Forces Analysis – Overview

3.6.1. Porter’s Five Forces Analysis – Bargaining Power of Suppliers

3.6.2. Porter’s Five Forces Analysis – Bargaining Power Of Buyers

3.6.3. Porter’s Five Forces Analysis – Threat Of Substitutes

3.6.4. Porter’s Five Forces Analysis – Threat Of New Entrants

3.6.5. Porter’s Five Forces Analysis – Degree Of Competition

3.7. Market Attractiveness Analysis, by Region

3.8. Company Market Share- Oil Storage Market (2015)

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