- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025
Global Oil Storage Market is expected to grow at a CAGR of 4.4% from 2017 to 2025. International Energy Agency (IEA) has made alterations in energy security policies and guidelines, and has urged its member countries to adhere to the rule of minimum oil stockholding. Fluctuating oil & gas production trends have up surged the demand for expanding the storage capacity of the existing refineries to meet the increasing petroleum product demand. This is expected to boost the oil storage market. Moreover, strategic reserves of crude oil and natural gas for protecting economy and maintain national security during energy crisis are anticipated to grow across the globe, leading to the growth of oil storage market during the forecast period.
The Global Oil Storage Market is segmented based on material, fuel, product, and geography. Based on material, the market is categorized into steel, carbon steel, fiberglass reinforced plastic, and others. By fuel, it is classified into crude oil, gasoline, aviation fuel, middle distillates, liquefied natural gas (LNG), and liquefied petroleum gas (LPG). Based on product, the market is divided into open top, fixed roof, and floating roof. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Oil Storage Market Dynamics:
Oil Storage Market Players:
The top players in the global oil storage market include Belco Manufacturing Company, Containment Solution., CST Industries, Inc., LF Manufacturing, Marquard & Bahls AG, Red Ewald, Inc., Snyder Industries, Inc., Synalloy Corporation, ZCL Composites, and Zepnotek Storage Tanks.
Please Select Format
Need More Information
Why Progressive Markets
The market research services provided by Progressive Markets are restricted to publications, which may also include insignificant market data. The services are for the internal use of customers only and they do not have any rights to utilize this data for general publications or/and disclosure to third parties. As data is gathered through research activities such as online surveys and interviews with industry experts, it may have variations and fluctuation due to constantly changing market conditions. Thus, Progressive Markets holds no responsibility for misleading or false information gathered from these sources.
Progressive Markets understands and respects the privacy of persona
Recently Viewed Reports
In vitro fertilization (IVF) is an artificial fertilization process that is performed in the laboratory under artificial environment. The colloquial term for babies conceived through the IVF procedures is test-tube ... Read More >>