According to the Oil Storage Market survey report, the market is expected to witness a relatively higher growth rate during the forecast period 2018-2023.
A new statistical surveying intelligent market report, titled "Oil Storage " has been included in the vast depository by QY Reports. Fluctuating oil prices have led to the expansion in oil storage facilities and the overall market.
An increasing number of companies are not only offering a host of value-added services but also including logistics services in addition to storage facilities. The threat from new entrants is expected to remain moderate in the coming years.
To gain a stronger foothold, various companies are undertaking strategic collaborations and are involving in joint ventures, acquisitions, mergers, partnerships, and are searching for strategic alliances. These strategies are allowing the players to expand their crude oil storage infrastructure and terminal networks, and raise funds for the development of storage facilities and to build new pipelines.
For instance, Kinder Morgan, an energy infrastructure company in North America acquired Hiland Partners
Commercial reserve oil storage market size is likely to be worth over USD +17 billion by 2025. In term of volume, is anticipated to grow at over CAGR of +6 % during forecast period owing to rising demand of petroleum products.
The study includes a thorough analysis of the impact of various factors deemed critical for the overall development of the market in the present scenario as well as the report's forecast period. The report is an amalgamation of data collected through a variety of industry-standard primary and secondary research efforts.
Primary research techniques such as interactions via e-mails and telephonic interviews. Secondary research methodologies such as data collection from company websites, press releases, and several regional and global databases were undertaken for formulating the study.
Key companies operating in the global Oil Storage Market: Buckeye Partners, CIM-CCMP Group, CLH Group, Ghazanfar Group, Horizon Terminals, International-Matex Tank Terminals, Kinder Morgan, Magellan Midstream Partners, NuStar Energy, Odfjell Terminal, Oiltanking, Royal Vopak, Sunoco Logistics Partners, Vitol Tank Terminals International
The global oil storage market is segmented into type, material, product design, and geography. On the basis of type, it is categorized into crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene, and LPG.
On the basis of material, it is classified into steel, carbon steel, and fiberglass reinforced plastic (FRP). Based on product design, it is divided into open top, fixed roof, floating roof, and others.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the report highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players
According to the research report, the Global Oil Storage Market has been witnessing a substantial increase in its valuation and size. The significant rise in the industry and the subsequent surge in exploration activities is boosting the demand for the market across the world.
Researchers predict the scenario to remain so over the next few years, notes the study.
The performance of the key product and application segments of the Oil Storage market in each regional market has been explained in the report. In the same way, each provincial market's competitive changing aspects have been elaborated upon by providing statistics about the hierarchy among the foremost players operating in it.
This helps deliver a systematic granular analysis of the global market. The report also presents 2018-2026 forecasts for each product, application, and topographical segments of the global market.
Table of Content:
Chapter 1 Oil Storage Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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