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Oil Storage Market By Type of Storage Facility (Aboveground Storage Tanks (AST), Underground Storage Tanks (UST), Floating Roof Tanks, Fixed Roof Tanks, Spherical Tanks, Horizontal Tanks, Vertical Tanks, Others); By Material Used (Steel Tanks, Concrete Tanks, Fiberglass Tanks, Others); By Storage Capacity (Small-scale Storage (less than 1 million barrels), Medium-scale Storage (1 – 5 million barrels), Large-scale Storage (more than 5 million barrels)); By End-Use Industry (Crude Oil Storage, Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel), Chemical Storage (e.g., petrochemicals, lubricants), Biofuel Storage, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Oil Storage Market Size 2023	USD 12522.6 million
Oil Storage Market, CAGR	5.00%
Oil Storage Market Size 2032	USD 19426.7 million

Market Insights

The Oil Storage Market has exhibited steady growth and is anticipated to maintain a robust Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2032. Valued at USD 12522.6 million in 2023, this market is forecasted to reach USD 19426.7 million by 2032.

Among the key segments, Aboveground Storage Tanks (AST) emerged as the market leader by type of storage facility, comprising approximately 38-42% of the total market share in 2023. However, Floating Roof Tanks are projected to experience the highest CAGR during the forecast period.
Steel Tanks currently hold the largest market share, accounting for approximately 35-38% in 2023, in terms of material used. Fiberglass Tanks are anticipated to witness the highest CAGR during the forecast period.
Crude Oil Storage currently dominates the market, holding the largest market share of around 40-42% in 2023 by end-use industry. Biofuel Storage is expected to witness the highest CAGR during the forecast period.
Large-scale Storage (more than 5 million barrels) holds the largest market share, approximately 35-38% in 2023, in terms of storage capacity. Medium-scale Storage is projected to experience the highest CAGR during the forecast period.
Asia Pacific secured the largest share, around 38-42% of the market in 2023. North America and Europe collectively contribute just under 55% share in 2023.
The increasing energy demand, geopolitical tensions, environmental regulations, and ongoing investments in new reserves and expansion of existing ones, particularly in regions like Saudi Arabia, UAE, Iran, Iraq, Nigeria, and Angola, are also significant contributors to market growth.
Key opportunities in the market include the adoption of advanced technologies, such as automation and IoT, the shift towards renewable energy, and diversification into ancillary industries like blending and tank leasing, enabling market expansion.

Executive Summary

Market Definition

The oil storage market refers to the services and products of crude oil storage and bulk refined oil storage. This can include underground tanks, underground caverns, pipelines, and ships. Factors such as global oil demand, geopolitical events, and changes in production and consumption habits drive market growth. Key players in the market include oil producers, traders, and retailers large, using warehouses to manage their inventories, ensure the continuous supply of customers available, as well as provide related services like logistics, transport, etc. With increasing concerns about energy security and environmental protection, regulations and standards aimed at ensuring safe responsible, and supportive flows of some critical materials.

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Market Overview

The Oil Storage Market has exhibited steady growth and is anticipated to maintain a robust Compound Annual Growth Rate (CAGR) of 5.00% from 2024 to 2032. Valued at USD 12522.6 million in 2023, this market is forecasted to reach USD 19426.7 million by 2032.

Among the primary segments, Aboveground Storage Tanks (AST) dominated the market landscape by type of storage facility, comprising approximately 38-42% of the total market share in 2023. However, Floating Roof Tanks are anticipated to observe the highest CAGR over the forecast period.

Steel Tanks currently hold the largest market share, accounting for approximately 35-38% in 2023, in terms of material used. Fiberglass Tanks are expected to witness the highest CAGR during the forecast period.

Crude Oil Storage currently dominates the market, holding the largest market share of around 40-42% in 2023 by end-use industry. Biofuel Storage is projected to witness the highest CAGR during the forecast period.

Large-scale Storage (more than 5 million barrels) holds the largest market share, approximately 35-38% in 2023, in terms of storage capacity. Medium-scale Storage is projected to experience the highest CAGR during the forecast period.

Asia Pacific constituted a significant portion of the market in 2023, followed by North America and Europe, collectively representing just under 55% of the market share.

The surge in demand for Oil Storage services, driven by factors such as increasing energy demand, geopolitical tensions, and environmental regulations, fosters market growth, especially in regions like Asia Pacific.

Rapid advancement in Oil Storage technology, including the adoption of advanced technologies such as automation and IoT, is driving market demand, especially in regions like Asia Pacific where the growth of the Oil Storage industry is significant.

Segmentation by Type of Storage Facility

Aboveground Storage Tanks (AST) currently hold the largest market share approx. 38-42% in 2023. ASTs are popular because they are easy and inexpensive to construct, maintain, and inspect compared to underground tanks. They are widely used because of their versatility and their ability to handle different types of fluids.
Floating Roof Tanks is projected to witness the highest CAGR during the forecast period. By minimizing the space above the stored liquid, these tanks reduce evaporation significantly, which is both economically beneficial and better for the environment.

Segmentation by Material Used

Steel Tanks currently hold the largest market share approx. 35-38% in 2023. Steel tanks are widely used for their durability, reliability, and versatility. They are resistant to harsh environmental conditions and are suitable for the preservation of various Petroleum products.
Fiberglass Tanks are projected to witness the highest CAGR during the forecast period owing to corrosion resistance, lightweight construction, and ease of installation.

Segmentation by End-Use Industry

Crude Oil Storage currently holds the largest market share approx. 40-42% in 2023 owing to crude oil is the main raw material for various downstream industries such as refineries and gas stations.
Biofuel Storage is projected to witness the highest CAGR during the forecast period owing to factors such as technological advancements, regulatory changes, and market demand.

Segmentation by Storage Capacity

Large-scale Storage (more than 5 million barrels) holds the largest market share approx. 35-38% in 2023 due to its cost efficiency and wide applications.
Medium-scale Storage is projected to witness the highest CAGR during the forecast period driven primarily by emerging economies rapid industrialization.

Segmentation by Region

Asia Pacific held largest share around 38-42% of the market in 2023. This is due to the rapid industrialization, urbanization and economic growth in countries such as China and India has contributed to increased demand for oil storage.
North America and Europe collectively account for just under 55% share in 2023, with North America holding over 20% share in the same year.
The rest of the world, including Latin America, the Middle East, and Africa, supplies the remaining demand for Oil Storage.

Increasing energy demand, geopolitical tensions, environmental regulations, and ongoing investment in new reserves and expansion of existing ones, especially in Saudi Arabia, UAE, Iran, Iraq, Nigeria, Angola etc., are also contributing to the market growth.

Asia Pacific region holds the largest market share in the Oil Storage market for several reasons. The main reason is the rapid industrialization and urbanization of countries such as China and India, which has increased the demand for energy and oil storage. Besides, the region is the world’s largest supplier and producer of oil including China, Japan, and South Korea. For instance, according to the China National Bureau of Statistics, China’s crude oil processing, or refinery runs, reached a record high of 14.8 million barrels per day (b/d) in 2023. Another factor contributing to the growth of the oil storage market in the Asia Pacific is the implementation of government regulations aimed at ensuring energy security and reducing dependence on imports. This has given many companies to invest in new oil storage systems or expand existing ones. For instance, in March 2024, the Indian government allowed the Abu Dhabi National Oil Company (Adnoc) to export crude oil that it has stored in India’s strategic petroleum reserves at Mangalore. This decision gives Adnoc more operational flexibility, as crude oil exports are typically restricted in India except through the state-owned Indian Oil Corporation. Additionally, the well-established ports and export facilities in the region make it easier for companies to transport and store large quantities of oil. Furthermore, increasing offshore exploration and production activities are also expected to increase the demand for oil reservoirs and terminals boosting the market in APAC.

Middle East, and Africa (MEA) hold a significant market share of the global Oil Storage market, mainly due to their large oil reserves and huge capacity production. For instance, according to the U.S. Energy Information Administration, the UAE was the 7th largest total liquid fuel producer in the world in 2022, and the 3rd largest among OPEC countries. The UAE held an estimated 111 billion barrels of proven crude oil reserves at the beginning of 2023, up from 107 billion barrels the previous year. Countries in this region, especially Saudi Arabia, Iraq, Iran, and the United Arab Emirates (UAE) are traditional heavyweights in the oil industry enabling them to dominate their global supply and consequently have large reserves to look at their well-preserved material. In addition, MEA countries are investing heavily in modernizing and expanding their oil reserves to ensure long-term sustainability and maintain competitiveness in an ever-improving environment. For instance, in April 2024, UAE and Oman agreed to form $35.12 billion investment partnerships spanning various industries, including renewables, green metals, railways, digital infrastructure, and technology, bolstering their trade relations and fostering development in both nations. Moreover, African countries such as Nigeria and Angola have significant oil reserves, making them important players in regional and global markets. These developments contribute significantly to the overall growth of oil reserves in the MEA.

Key Highlights of the Report

The Oil Storage Market is segmented by Type of Storage Facility, Material Used, End-Use Industry, Storage Capacity, and Region. The growing demand for oil storage is propelled by factors such as increasing energy demand, geopolitical tensions, and environmental regulations, particularly in regions with rapid industrialization and urbanization.

Aboveground Storage Tanks (AST) dominate the segment, offering versatile and cost-effective storage solutions suitable for various types of fluids. Steel Tanks hold a significant market share, providing durable and reliable storage options for petroleum products.

Crude Oil Storage dominates the end-use industry segment, serving as the main raw material for downstream industries such as refineries and gas stations. Large-scale Storage (more than 5 million barrels) holds the largest market share, driven by cost efficiency and wide applications.

Asia Pacific held the largest share of the oil storage market, supported by rapid industrialization and urbanization in countries like China and India. Government regulations and investments in new reserves and expansion of existing ones contribute to the region’s dominance in the market.

Key players like Gpi Group, Belco Manufacturing Co., Inc., and Brooge Energy compete in the market, focusing on product innovation, distribution network expansion, and strategic alliances to maintain competitiveness. Collaborations and technological advancements contribute to Asia Pacific’s leadership in the Oil Storage Market, with major players expanding their offerings to meet diverse customer needs in the region.

What Are The Main Drivers Of The Global Oil Storage Market?

The global Oil Storage market is driven by various factors such as fluctuations in oil supply and demand, geopolitical pressures affecting production and distribution, regulatory requirements for storage a strategic implementation, and infrastructure projects in developing countries. Furthermore, environmental concerns such as regulations aimed at reducing emissions, technological advancements in storage facilities, and innovations in logistics are contributing to the growth.

What Are The Major Challenges Faced By The Global Oil Storage Market?

The global Oil Storage market is mainly challenged by oversupply leading to storage capacity constraints, fluctuating oil prices impacting investment decisions, and regulatory uncertainties affecting storage operations. Additionally, aging infrastructure and inadequate maintenance increase operational risks and safety risks also hinder the market growth.

What Are The Growth Opportunities In The Global Oil Storage Market?

The global Oil Storage market presents numerous growth opportunities including the expansion of storage facilities to accommodate rising oil production and refining activities, especially in emerging markets with growing energy demand. Investments in advanced technologies, such as automation, IoT, and digitization in emerging markets with increasing energy demand. In addition, the shift towards renewable energy provides opportunities to repurpose existing storage facilities for alternative fuels and energy storage solutions. Diversification into ancillary industries such as blending, heating, and tank leasing also offer mechanisms for market expansion.

Market Drivers

Fluctuations In Oil Supply And Demand

Fluctuations in oil supply and demand drive the global oil storage market. Changes in oil supply or demand can cause prices to change, resulting in changes in inventory management practices used by refineries, trading companies, and domestic oil companies. Oil prices generally fall during periods of oversupply, encouraging consumers to stockpile more barrels for future use when prices may improve rebound. In contrast, in times of limited supply, decreased supply leads to increased costs, forcing consumers to deplete their inventories, and thereby supporting price increases. The recent boom in the US in shale oil production, and the subsequent surge in American oil exports created new competition among oil exporters vying for market share in key oil-consuming regions such as Europe and Asia. In response to the changing conditions, participants in the oil storage market remain vigilant in adjusting their operations accordingly. To maximize returns, they can choose to expand or hedge their inventories based on prevailing market conditions. Additionally, advances in technology that facilitate more efficient use of storage facilities help reduce operating costs and improve return on investment.

Market Restraints

Regulatory Uncertainties

Regulatory uncertainties create challenges for the Oil Storage market. Regulatory uncertainty poses challenges leading to challenges in planning, decision-making, and compliance. Changing laws, standards, and guidelines relating to environmental protection, health and safety, zoning, and restrictions further create challenges in the market. For instance, in January 2024, U.S. President Joe Biden announced a temporary pause on approving new U.S. LNG export projects that do not have a Free Trade Agreement (non-FTA) with the U.S. Biden’s announcement temporarily leaves open bidding for the currency without U.S. approval facing policy changes with uncertainty hampers long-term planning, potentially discouraging investment in oil reserves policy and market.

Opportunities

Adoption Of Various Strategies Among Market Players

Adoption of various strategies among market players creates significant opportunity for the Oil Storage market. The major companies serving the global Oil Storage Market are Gpi Group, Belco Manufacturing Co., Inc., Brooge Energy, Containment Solutions, Inc., LBC Tank Terminals, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2020, Gpi Group introduced larger stainless steel storage tanks called Gpi Tanks XL in 2020 to meet the growing demand for high-capacity tanks (up to 15,000 m³). Gpi Tanks XL operates independently, leveraging the expertise and innovation of the broader Gpi Group, to provide dedicated service and focus solely on bigger tank projects, while benefiting from the Gpi Group’s reputation for excellence and commitment to meeting customers’ specific requirements.

Competitive Landscape

Key Players

The global Oil Storage market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

Belco Manufacturing Co., Inc.
Brooge Energy
Containment Solutions, Inc.
LBC Tank Terminals
L. F. Manufacturing, Inc.
Oiltanking GmbH
Odfjell SE
Puma Energy
Royal Vopak
Vitol
Others

These organizations prioritize product innovation, distribution channel expansion, and mergers and acquisitions to stay competitive.

The global Oil Storage market’s key players continually seek to stay ahead by offering new products and developments.

In March 2024, Odfjell Terminals US, a subsidiary of Odfjell SE, a Norwegian shipping and tank terminal company expanded its Houston Terminal by commissioning Bay 13. This expansion marks a significant development for Odfjell Terminals, a key player in the liquid bulk chemical industry for over three decades.

In February 2024, The LBC Tank expanded its terminal in Rotterdam by adding 98,000 cubic meters of storage capacity, aiming to reach a total capacity of 280,000 cubic meters by 2026. This expansion is part of a larger multi-year program to meet the increasing demand for chemical storage in northwestern Europe.

Summary of Key Findings

The Oil Storage Market is experiencing significant growth driven by increasing energy demand, geopolitical tensions, and environmental regulations. This growth is supported by factors such as rapid industrialization, urbanization, and investments in new reserves and expansion of existing ones.
Market segmentation encompasses various factors including type of storage facility, material used, end-use industry, storage capacity, and region, reflecting the diverse requirements and dynamics within the oil storage industry.
Aboveground Storage Tanks (AST) emerge as the dominant segment, providing versatile and cost-effective storage solutions for various types of fluids. Fiberglass Tanks are expected to witness the highest growth, driven by their corrosion resistance and ease of installation.
Crude Oil Storage leads the market by end-use industry, serving as the primary raw material for downstream industries such as refineries and gas stations. Medium-scale Storage is projected to experience the highest growth, fueled by emerging economies’ rapid industrialization.
Asia Pacific holds the largest share of the market, propelled by rapid industrialization and urbanization in countries like China and India. Major players like Gpi Group, Belco Manufacturing Co., Inc., and Brooge Energy are competing in the market, focusing on innovation and strategic alliances to maintain competitiveness.

Future Outlook

The Oil Storage Market presents promising growth opportunities, particularly in regions like Asia Pacific and the Middle East, where energy demand and production are on the rise. Anticipated challenges include oversupply leading to storage capacity constraints and regulatory uncertainties.
Strategies for maintaining competitiveness include continuous investment in technology, expansion of storage facilities, and diversification into ancillary industries such as blending and tank leasing. Collaborations with government entities and adoption of environmentally friendly practices are essential to sustain growth in the dynamic Oil Storage Market.

How CXOs Can Benefit from the Credence Research Oil Storage Networks Market Report

The Credence Research Oil Storage Networks Market Report provides CXOs with a comprehensive overview of the market, including:

Market size and growth forecast: The report provides detailed estimates of the global Oil Storage networks market size, segmented by type of storage facility, material used, end-use industry, storage capacity, and region. It also includes forecasts for the market through 2032, based on key trends and drivers.
Market segmentation: The report segments the Oil Storage networks market by type of storage facility, material used, end-use industry, storage capacity, and region. The increasing demand for advanced solutions is driven. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
Competitive landscape: The report profiles the key players in the Oil Storage networks market and provides insights into their strategies, product offerings, and financial performance. This information can help CXOs to identify and assess their competition.
Key trends and drivers: The report identifies and analyzes the key trends and drivers that are shaping the Oil Storage networks market. This information can help CXOs to make informed decisions about their investments and strategies.

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Segmentation

By Type of Storage Facility:
- Aboveground Storage Tanks (AST)
- Underground Storage Tanks (UST)
- Floating Roof Tanks
- Fixed Roof Tanks
- Spherical Tanks
- Horizontal Tanks
- Vertical Tanks
- Others
By Material Used:
- Steel Tanks
- Concrete Tanks
- Fiberglass Tanks
- Others
By Storage Capacity:
- Small-scale Storage (less than 1 million barrels)
- Medium-scale Storage (1 – 5 million barrels)
- Large-scale Storage (more than 5 million barrels)
By End-Use Industry:
- Crude Oil Storage
- Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel)
- Chemical Storage (e.g., petrochemicals, lubricants)
- Biofuel Storage
- Others
By Region
- North America
  - US
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - UK
  - Italy
  - Spain
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - South-east Asia
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America
- Middle East & Africa
  - GCC Countries
  - South Africa
  - Rest of Middle East and Africa

Adjacent Markets

In the oil storage market, there are several adjacent markets which has high revenue growth opportunities. The key adjacent markets for oil storage market –

Adjacent Markets
Tank Cleaning Services	Oil Tank Construction and Engineering	Oil Market Analysis and Consulting
Oil Tank Monitoring Systems	Oil Transportation and Logistics	Environmental Remediation Services
Oil Tank Inspection Services	Oil Trading Platforms	Renewable Energy Storage

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Market Introduction

2. Executive Summary

2.1. Market Snapshot: Global Oil Storage Market

2.1.1. Global Oil Storage Market, By Type of Storage Facility

2.1.2. Global Oil Storage Market, By Material Used

2.1.3. Global Oil Storage Market, By Storage Capacity

2.1.4. Global Oil Storage Market, By End-Use Industry

2.1.5. Global Oil Storage Market, By Region

2.2. Insights from Primary Respondents

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Oil Storage Market Value, 2019-2032, (US$ Mn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Wired Drivers

3.2.2. Oil Storage Market Restraints

3.2.3. Oil Storage Market Opportunities

3.2.4. Major Oil Storage Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Type of Storage Facility

3.5.2. Material Used

3.5.3. Storage Capacity

3.5.4. End-Use Industry

3.5.5. Geography

4. Market Competitive Landscape Analysis

4.1. Company Market Share Analysis, 2023

4.1.1. Global Oil Storage Market: Company Market Share, Value 2023

4.1.2. Global Oil Storage Market: Top 6 Company Market Share, Value 2023

4.1.3. Global Oil Storage Market: Top 3 Company Market Share, Value 2023

4.2. Global Oil Storage Market: Company Revenue Share Analysis, 2023

4.3. Company Assessment Metrics, 2023

4.3.1. Stars

4.3.2. Emerging Leaders

4.3.3. Pervasive Players

4.3.4. Participants

4.4. Startups/ SMEs Assessment Metrics, 2023

4.4.1. Progressive Companies

4.4.2. Responsive Companies

4.4.3. Dynamic Companies

4.4.4. Starting Blocks

4.5. Strategic Development

4.5.1. Acquisition and Mergers

4.5.2. New Product Launch

4.5.3. Regional Expansion

4.5.4. Partnerships

4.6. Key Player Product Matrix

4.7. Potential for New Players in the Global Oil Storage Market

5. Premium Insights

5.1. STAR (Situation, Task, Action, Results) Analysis

5.2. Porter’s Five Forces Analysis

5.2.1. Threat of New Entrants

5.2.2. Bargaining Power of Buyers/Consumers

5.2.3. Bargaining Power of Suppliers

5.2.4. Threat of Substitute Types

5.2.5. Intensity of Competitive Rivalry

5.3. PESTEL Analysis

5.3.1. Political Factors

5.3.2. Economic Factors

5.3.3. Social Factors

5.3.4. Technological Factors

5.3.5. Environmental Factors

5.3.6. Legal Factors

5.4. Key Market Trends

5.4.1. Demand Side Trends

5.4.2. Supply Side Trends

5.5. Value Chain Analysis

5.6. Technology Analysis

5.6.1. Research and development in the global market

5.6.2. Patent Analysis

5.6.3. Emerging technologies and their potential disruption to the market

5.7. Consumer Behaviour Analysis

5.7.1. Consumer Preferences and Expectations

5.7.2. Factors Influencing Consumer Buying Decisions

5.7.2.1. North America

5.7.2.2. Europe

5.7.2.3. Asia Pacific

5.7.2.4. Latin America

5.7.2.5. Middle East and Africa

5.7.3. Consumer Pain Points

5.8. Analysis and Recommendations

5.9. Adjacent Market Analysis

6. Market Positioning of Key Players, 2023

6.1. Company market share of key players, 2023

6.2. Competitive Benchmarking

6.3. Market Positioning of Key Vendors

6.4. Geographical Presence Analysis

6.5. Major Strategies Adopted by Key Players

6.5.1. Key Strategies Analysis

6.5.2. Mergers and Acquisitions

6.5.3. Partnerships

6.5.4. Product Launch

6.5.5. Geographical Expansion

6.5.6. Others

7. Impact Analysis of COVID 19 and Russia – Ukraine War on Oil Storage Market

7.1. Ukraine-Russia War Impact

7.1.1. Uncertainty and Economic Instability

7.1.2. Supply chain disruptions

7.1.3. Regional market shifts

7.1.4. Shift in government priorities

7.2. COVID-19 Impact Analysis

7.2.1. Supply Chain Disruptions

7.2.2. Demand Fluctuations

7.2.3. Shift in Product Mix

7.2.4. Reduced Industrial Activity

7.2.5. Regional Impact Analysis

7.2.5.1. North America

7.2.5.2. Europe

7.2.5.3. Asia Pacific

7.2.5.4. Latin America

7.2.5.5. Middle East and Africa

8. Global Oil Storage Market, By Type of Storage Facility

8.1. Global Oil Storage Market Overview, by Type of Storage Facility

8.1.1. Global Oil Storage Market Revenue Share, By Type of Storage Facility, 2023 Vs 2032 (in %)

8.2. Aboveground Storage Tanks (AST)

8.2.1. Global Oil Storage Market, By Aboveground Storage Tanks (AST), By Region, 2019-2032(US$ Mn)

8.2.2. Market Dynamics for Aboveground Storage Tanks (AST)

8.2.2.1. Drivers

8.2.2.2. Restraints

8.2.2.3. Opportunities

8.2.2.4. Trends

8.3. Underground Storage Tanks (UST)

8.3.1. Global Oil Storage Market, By Underground Storage Tanks (UST), By Region, 2019-2032 (US$ Mn)

8.3.2. Market Dynamics for Underground Storage Tanks (UST)

8.3.2.1. Drivers

8.3.2.2. Restraints

8.3.2.3. Opportunities

8.3.2.4. Trends

8.4. Floating Roof Tanks

8.4.1. Global Oil Storage Market, By Floating Roof Tanks, By Region, 2019-2032 (US$ Mn)

8.4.2. Market Dynamics for Floating Roof Tanks

8.4.2.1. Drivers

8.4.2.2. Restraints

8.4.2.3. Opportunities

8.4.2.4. Trends

8.5. Fixed Roof Tanks

8.5.1. Global Oil Storage Market, By Fixed Roof Tanks, By Region, 2019-2032 (US$ Mn)

8.5.2. Market Dynamics for Fixed Roof Tanks

8.5.2.1. Drivers

8.5.2.2. Restraints

8.5.2.3. Opportunities

8.5.2.4. Trends

8.6. Spherical Tanks

8.6.1. Global Oil Storage Market, By Spherical Tanks, By Region, 2019-2032 (US$ Mn)

8.6.2. Market Dynamics for Spherical Tanks

8.6.2.1. Drivers

8.6.2.2. Restraints

8.6.2.3. Opportunities

8.6.2.4. Trends

8.7. Horizontal Tanks

8.7.1. Global Oil Storage Market, By Horizontal Tanks, By Region, 2019-2032 (US$ Mn)

8.7.2. Market Dynamics for Horizontal Tanks

8.7.2.1. Drivers

8.7.2.2. Restraints

8.7.2.3. Opportunities

8.7.2.4. Trends

8.8. Vertical Tanks

8.8.1. Global Oil Storage Market, By Vertical Tanks, By Region, 2019-2032 (US$ Mn)

8.8.2. Market Dynamics for Vertical Tanks

8.8.2.1. Drivers

8.8.2.2. Restraints

8.8.2.3. Opportunities

8.8.2.4. Trends

8.9. Others

8.9.1. Global Oil Storage Market, By Others, By Region, 2019-2032 (US$ Mn)

8.9.2. Market Dynamics for Others

8.9.2.1. Drivers

8.9.2.2. Restraints

8.9.2.3. Opportunities

8.9.2.4. Trends

9. Global Oil Storage Market, By Material Used

9.1. Global Oil Storage Market Overview, by Material Used

9.1.1. Global Oil Storage Market Revenue Share, By Material Used, 2023 Vs 2032 (in %)

9.2. Steel Tanks

9.2.1. Global Oil Storage Market, By Steel Tanks, By Region, 2019-2032 (US$ Mn)

9.2.2. Market Dynamics for Steel Tanks

9.2.2.1. Drivers

9.2.2.2. Restraints

9.2.2.3. Opportunities

9.2.2.4. Trends

9.3. Concrete Tanks

9.3.1. Global Oil Storage Market, By Concrete Tanks, By Region, 2019-2032 (US$ Mn)

9.3.2. Market Dynamics for Concrete Tanks

9.3.2.1. Drivers

9.3.2.2. Restraints

9.3.2.3. Opportunities

9.3.2.4. Trends

9.4. Fiberglass Tanks

9.4.1. Global Oil Storage Market, By Fiberglass Tanks, By Region, 2019-2032 (US$ Mn)

9.4.2. Market Dynamics for Fiberglass Tanks

9.4.2.1. Drivers

9.4.2.2. Restraints

9.4.2.3. Opportunities

9.4.2.4. Trends

9.5. Others

9.5.1. Global Oil Storage Market, By Others, By Region, 2019-2032 (US$ Mn)

9.5.2. Market Dynamics for Others

9.5.2.1. Drivers

9.5.2.2. Restraints

9.5.2.3. Opportunities

9.5.2.4. Trends

10. Global Oil Storage Market, By Storage Capacity

10.1. Global Oil Storage Market Overview, by Storage Capacity

10.1.1. Global Oil Storage Market Revenue Share, By Storage Capacity, 2023 Vs 2032 (in %)

10.2. Small-scale Storage (less than 1 million barrels)

10.2.1. Global Oil Storage Market, By Small-scale Storage (less than 1 million barrels), By Region, 2019-2032 (US$ Mn)

10.2.2. Market Dynamics for Small-scale Storage (less than 1 million barrels)

10.2.2.1. Drivers

10.2.2.2. Restraints

10.2.2.3. Opportunities

10.2.2.4. Trends

10.3. Medium-scale Storage (1 – 5 million barrels)

10.3.1. Global Oil Storage Market, By Medium-scale Storage (1 – 5 million barrels), By Region, 2019-2032 (US$ Mn)

10.3.2. Market Dynamics for Medium-scale Storage (1 – 5 million barrels)

10.3.2.1. Drivers

10.3.2.2. Restraints

10.3.2.3. Opportunities

10.3.2.4. Trends

10.4. Large-scale Storage (more than 5 million barrels)

10.4.1. Global Oil Storage Market, By Large-scale Storage (more than 5 million barrels), By Region, 2019-2032 (US$ Mn)

10.4.2. Market Dynamics for Large-scale Storage (more than 5 million barrels)

10.4.2.1. Drivers

10.4.2.2. Restraints

10.4.2.3. Opportunities

10.4.2.4. Trends

11. Global Oil Storage Market, By End-Use Industry

11.1. Global Oil Storage Market Overview, by End-Use Industry

11.1.1. Global Oil Storage Market Revenue Share, By End-Use Industry, 2023 Vs 2032 (in %)

11.2. Crude Oil Storage

11.2.1. Global Oil Storage Market, By Crude Oil Storage, By Region, 2019-2032 (US$ Mn)

11.2.2. Market Dynamics for Crude Oil Storage

11.2.2.1. Drivers

11.2.2.2. Restraints

11.2.2.3. Opportunities

11.2.2.4. Trends

11.3. Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel)

11.3.1. Global Oil Storage Market, By Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel), By Region, 2019-2032 (US$ Mn)

11.3.2. Market Dynamics for Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel)

11.3.2.1. Drivers

11.3.2.2. Restraints

11.3.2.3. Opportunities

11.3.2.4. Trends

11.4. Chemical Storage (e.g., petrochemicals, lubricants)

11.4.1. Global Oil Storage Market, By Chemical Storage (e.g., petrochemicals, lubricants), By Region, 2019-2032 (US$ Mn)

11.4.2. Market Dynamics for Chemical Storage (e.g., petrochemicals, lubricants)

11.4.2.1. Drivers

11.4.2.2. Restraints

11.4.2.3. Opportunities

11.4.2.4. Trends

11.5. Biofuel Storage

11.5.1. Global Oil Storage Market, By Biofuel Storage, By Region, 2019-2032 (US$ Mn)

11.5.2. Market Dynamics for Biofuel Storage

11.5.2.1. Drivers

11.5.2.2. Restraints

11.5.2.3. Opportunities

11.5.2.4. Trends

11.6. Others

11.6.1. Global Oil Storage Market, By Others, By Region, 2019-2032 (US$ Mn)

11.6.2. Market Dynamics for Others

11.6.2.1. Drivers

11.6.2.2. Restraints

11.6.2.3. Opportunities

11.6.2.4. Trends

12. Global Oil Storage Market, By Region

12.1. Global Oil Storage Market Overview, by Region

12.1.1. Global Oil Storage Market, By Region, 2023 vs 2032 (in%)

12.2. Type of Storage Facility

12.2.1. Global Oil Storage Market, By Type of Storage Facility, 2019-2032 (US$ Mn)

12.3. Material Used

12.3.1. Global Oil Storage Market, By Material Used, 2019-2032 (US$ Mn)

12.4. Storage Capacity

12.4.1. Global Oil Storage Market, By Storage Capacity, 2019-2032 (US$ Mn)

12.5. End-Use Industry

12.5.1. Global Oil Storage Market, By End-Use Industry, 2019-2032 (US$ Mn)

13. North America Oil Storage Market Analysis

13.1. Overview

13.1.1. Market Dynamics for North America

13.1.1.1. Drivers

13.1.1.2. Restraints

13.1.1.3. Opportunities

13.1.1.4. Trends

13.2. North America Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

13.2.1. Overview

13.2.2. SRC Analysis

13.3. North America Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

13.3.1. Overview

13.3.2. SRC Analysis

13.4. North America Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

13.4.1. Overview

13.4.2. SRC Analysis

13.5. North America Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

13.5.1. Overview

13.5.2. SRC Analysis

13.6. North America Oil Storage Market, by Country, 2019-2032(US$ Mn)

13.6.1. North America Oil Storage Market, by Country, 2023 Vs 2032 (in%)

13.6.2. U.S.

13.6.3. Canada

13.6.4. Mexico

14. Europe Oil Storage Market Analysis

14.1. Overview

14.1.1. Market Dynamics for North America

14.1.1.1. Drivers

14.1.1.2. Restraints

14.1.1.3. Opportunities

14.1.1.4. Trends

14.2. Europe Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

14.2.1. Overview

14.2.2. SRC Analysis

14.3. Europe Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

14.3.1. Overview

14.3.2. SRC Analysis

14.4. Europe Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

14.4.1. Overview

14.4.2. SRC Analysis

14.5. Europe Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

14.5.1. Overview

14.5.2. SRC Analysis

14.6. Europe Oil Storage Market, by Country, 2019-2032 (US$ Mn)

14.6.1. Europe Oil Storage Market, by Country, 2023 Vs 2032 (in%)

14.6.2. UK

14.6.3. France

14.6.4. Germany

14.6.5. Italy

14.6.6. Spain

14.6.7. Benelux

14.6.8. Russia

14.6.9. Rest of Europe

15. Asia Pacific Oil Storage Market Analysis

15.1. Overview

15.1.1. Market Dynamics for North America

15.1.1.1. Drivers

15.1.1.2. Restraints

15.1.1.3. Opportunities

15.1.1.4. Trends

15.2. Asia Pacific Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

15.2.1. Overview

15.2.2. SRC Analysis

15.3. Asia Pacific Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

15.3.1. Overview

15.3.2. SRC Analysis

15.4. Asia Pacific Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

15.4.1. Overview

15.4.2. SRC Analysis

15.5. Asia Pacific Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

15.5.1. Overview

15.5.2. SRC Analysis

15.6. Asia Pacific Oil Storage Market, by Country, 2019-2032 (US$ Mn)

15.6.1. Asia Pacific Oil Storage Market, by Country, 2023 Vs 2032 (in%)

15.6.2. China

15.6.3. Japan

15.6.4. India

15.6.5. South Korea

15.6.6. South East Asia

15.6.7. Rest of Asia Pacific

16. Latin America Oil Storage Market Analysis

16.1. Overview

16.1.1. Market Dynamics for North America

16.1.1.1. Drivers

16.1.1.2. Restraints

16.1.1.3. Opportunities

16.1.1.4. Trends

16.2. Latin America Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

16.2.1. Overview

16.2.2. SRC Analysis

16.3. Latin America Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

16.3.1. Overview

16.3.2. SRC Analysis

16.4. Latin America Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

16.4.1. Overview

16.4.2. SRC Analysis

16.5. Latin America Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

16.5.1. Overview

16.5.2. SRC Analysis

16.6. Latin America Oil Storage Market, by Country, 2019-2032 (US$ Mn)

16.6.1. Latin America Oil Storage Market, by Country, 2023 Vs 2032 (in%)

16.6.2. Brazil

16.6.3. Argentina

16.6.4. Rest of Latin America

17. Middle East Oil Storage Market Analysis

17.1. Overview

17.1.1. Market Dynamics for North America

17.1.1.1. Drivers

17.1.1.2. Restraints

17.1.1.3. Opportunities

17.1.1.4. Trends

17.2. Middle East Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

17.2.1. Overview

17.2.2. SRC Analysis

17.3. Middle East Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

17.3.1. Overview

17.3.2. SRC Analysis

17.4. Middle East Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

17.4.1. Overview

17.4.2. SRC Analysis

17.5. Middle East Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

17.5.1. Overview

17.5.2. SRC Analysis

17.6. Middle East Oil Storage Market, by Country, 2019-2032 (US$ Mn)

17.6.1. Middle East Oil Storage Market, by Country, 2023 Vs 2032 (in%)

17.6.2. UAE

17.6.3. Saudi Arabia

17.6.4. Rest of Middle East

18. Africa Oil Storage Market Analysis

18.1. Overview

18.1.1. Market Dynamics for North America

18.1.1.1. Drivers

18.1.1.2. Restraints

18.1.1.3. Opportunities

18.1.1.4. Trends

18.2. Africa Oil Storage Market, by Type of Storage Facility, 2019-2032(US$ Mn)

18.2.1. Overview

18.2.2. SRC Analysis

18.3. Africa Oil Storage Market, by Material Used, 2019-2032(US$ Mn)

18.3.1. Overview

18.3.2. SRC Analysis

18.4. Africa Oil Storage Market, by Storage Capacity, 2019-2032(US$ Mn)

18.4.1. Overview

18.4.2. SRC Analysis

18.5. Africa Oil Storage Market, by End-Use Industry, 2019-2032(US$ Mn)

18.5.1. Overview

18.5.2. SRC Analysis

18.6. Africa Oil Storage Market, by Country, 2019-2032 (US$ Mn)

18.6.1. Middle East Oil Storage Market, by Country, 2023 Vs 2032 (in%)

18.6.2. South Africa

18.6.3. Egypt

18.6.4. Rest of Africa

19. Company Profiles

19.1. Belco Manufacturing Co., Inc.

19.1.1. Company Overview

19.1.2. Products/Services Portfolio

19.1.3. Geographical Presence

19.1.4. SWOT Analysis

19.1.5. Financial Summary

19.1.5.1. Market Revenue and Net Profit (2019-2023)

19.1.5.2. Business Segment Revenue Analysis

19.1.5.3. Geographical Revenue Analysis

19.2. Brooge Energy

19.3. Containment Solutions, Inc.

19.4. LBC Tank Terminals

19.5. L. F. Manufacturing, Inc.

19.6. Oiltanking GmbH

19.7. Odfjell SE

19.8. Puma Energy

19.9. Royal Vopak

19.10. Vitol.

19.11. Others

20. Research Methodology

20.1. Research Methodology

20.2. Phase I – Secondary Research

20.3. Phase II – Data Modelling

20.3.1. Company Share Analysis Model

20.3.2. Revenue Based Modelling

20.4. Phase III – Primary Research

20.5. Research Limitations

20.5.1. Assumptions

List of Figures

FIG. 1 Global Oil Storage Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Oil Storage Market Segmentation

FIG. 4 Global Oil Storage Market, by Type of Storage Facility, 2023 (US$ Mn)

FIG. 5 Global Oil Storage Market, by Material Used, 2023 (US$ Mn)

FIG. 6 Global Oil Storage Market, by Storage Capacity, 2023 (US$ Mn)

FIG. 7 Global Oil Storage Market, by End-Use Industry, 2023 (US$ Mn)

FIG. 8 Global Oil Storage Market, by Geography, 2023 (US$ Mn)

FIG. 9 Attractive Investment Proposition, by Type of Storage Facility, 2023

FIG. 10 Attractive Investment Proposition, by Material Used, 2023

FIG. 11 Attractive Investment Proposition, by Storage Capacity, 2023

FIG. 12 Attractive Investment Proposition, by End-Use Industry, 2023

FIG. 13 Attractive Investment Proposition, by Geography, 2023

FIG. 14 Global Market Share Analysis of Key Oil Storage Market Manufacturers, 2023

FIG. 15 Global Market Positioning of Key Oil Storage Market Manufacturers, 2023

FIG. 16 Global Oil Storage Market Value Contribution, By Type of Storage Facility, 2023&2032 (Value %)

FIG. 17 Global Oil Storage Market, by Aboveground Storage Tanks (AST), By Region, 2019-2023 (US$ Mn)

FIG. 18 Global Oil Storage Market, by Underground Storage Tanks (UST), By Region, 2019-2023 (US$ Mn)

FIG. 19 Global Oil Storage Market, by Floating Roof Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 20 Global Oil Storage Market, by Fixed Roof Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 21 Global Oil Storage Market, by Spherical Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 22 Global Oil Storage Market, by Horizontal Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 23 Global Oil Storage Market, by Vertical Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 24 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

FIG. 25 Global Oil Storage Market Value Contribution, By Material Used, 2023&2032 (Value %)

FIG. 26 Global Oil Storage Market, by Steel Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 27 Global Oil Storage Market, by Concrete Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 28 Global Oil Storage Market, by Fiberglass Tanks, By Region, 2019-2023 (US$ Mn)

FIG. 29 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

FIG. 30 Global Oil Storage Market Value Contribution, By Storage Capacity, 2023&2032 (Value %)

FIG. 31 Global Oil Storage Market, by Small-scale Storage (less than 1 million barrels), By Region, 2019-2023 (US$ Mn)

FIG. 32 Global Oil Storage Market, by Medium-scale Storage (1 – 5 million barrels), By Region, 2019-2023 (US$ Mn)

FIG. 33 Global Oil Storage Market, by Large-scale Storage (more than 5 million barrels), By Region, 2019-2023 (US$ Mn)

FIG. 34 Global Oil Storage Market Value Contribution, By End-Use Industry, 2023&2032 (Value %)

FIG. 35 Global Oil Storage Market, by Crude Oil Storage, By Region, 2019-2023 (US$ Mn)

FIG. 36 Global Oil Storage Market, by Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel), By Region, 2019-2023 (US$ Mn)

FIG. 37 Global Oil Storage Market, by Chemical Storage (e.g., petrochemicals, lubricants), By Region, 2019-2023 (US$ Mn)

FIG. 38 Global Oil Storage Market, by Biofuel Storage, By Region, 2019-2023 (US$ Mn)

FIG. 39 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

FIG. 40 North America Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 41 U.S. Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 42 Canada Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 43 Mexico Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 44 Europe Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 45 Germany Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 46 France Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 47 U.K. Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 48 Italy Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 49 Spain Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 50 Benelux Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 51 Russia Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 52 Rest of Europe Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 53 Asia Pacific Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 54 China Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 55 Japan Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 56 India Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 57 South Korea Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 58 South-East Asia Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 59 Rest of Asia Pacific Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 60 Latin America Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 61 Brazil Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 62 Argentina Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 63 Rest of Latin America Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 64 Middle East Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 65 UAE Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 66 Saudi Arabia Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 67 Rest of Middle East Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 68 Africa Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 69 South Africa Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 70 Egypt Oil Storage Market, 2019-2032 (US$ Mn)

FIG. 71 Rest of Africa Oil Storage Market, 2019-2032 (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Oil Storage Market

TABLE 2 Global Oil Storage Market: Market Drivers Impact Analysis

TABLE 3 Global Oil Storage Market: Market Restraints Impact Analysis

TABLE 4 Global Oil Storage Market, by Competitive Benchmarking, 2023

TABLE 5 Global Oil Storage Market, by Geographical Presence Analysis, 2023

TABLE 6 Global Oil Storage Market, by Key Strategies Analysis, 2023

TABLE 7 Global Oil Storage Market, by Aboveground Storage Tanks (AST), By Region, 2019-2023 (US$ Mn)

TABLE 8 Global Oil Storage Market, by Aboveground Storage Tanks (AST), By Region, 2024-2032 (US$ Mn)

TABLE 9 Global Oil Storage Market, by Underground Storage Tanks (UST), By Region, 2019-2023 (US$ Mn)

TABLE 10 Global Oil Storage Market, by Underground Storage Tanks (UST), By Region, 2019-2023 (US$ Mn)

TABLE 11 Global Oil Storage Market, by Floating Roof Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 12 Global Oil Storage Market, by Floating Roof Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 13 Global Oil Storage Market, by Fixed Roof Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 14 Global Oil Storage Market, by Fixed Roof Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 15 Global Oil Storage Market, by Spherical Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 16 Global Oil Storage Market, by Spherical Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 17 Global Oil Storage Market, by Horizontal Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 18 Global Oil Storage Market, by Horizontal Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 19 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 20 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 21 Global Oil Storage Market, by Steel Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 22 Global Oil Storage Market, by Steel Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 23 Global Oil Storage Market, by Concrete Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 24 Global Oil Storage Market, by Concrete Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 25 Global Oil Storage Market, by Fiberglass Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 26 Global Oil Storage Market, by Fiberglass Tanks, By Region, 2019-2023 (US$ Mn)

TABLE 27 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 28 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 29 Global Oil Storage Market, by Small-scale Storage (less than 1 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 30 Global Oil Storage Market, by Small-scale Storage (less than 1 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 31 Global Oil Storage Market, by Medium-scale Storage (1 – 5 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 32 Global Oil Storage Market, by Medium-scale Storage (1 – 5 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 33 Global Oil Storage Market, by Large-scale Storage (more than 5 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 34 Global Oil Storage Market, by Large-scale Storage (more than 5 million barrels), By Region, 2019-2023 (US$ Mn)

TABLE 35 Global Oil Storage Market, by Crude Oil Storage, By Region, 2019-2023 (US$ Mn)

TABLE 36 Global Oil Storage Market, by Crude Oil Storage, By Region, 2019-2023 (US$ Mn)

TABLE 37 Global Oil Storage Market, by Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel), By Region, 2019-2023 (US$ Mn)

TABLE 38 Global Oil Storage Market, by Refined Petroleum Products Storage (e.g., gasoline, diesel, jet fuel), By Region, 2019-2023 (US$ Mn)

TABLE 39 Global Oil Storage Market, by Chemical Storage (e.g., petrochemicals, lubricants), By Region, 2019-2023 (US$ Mn)

TABLE 40 Global Oil Storage Market, by Chemical Storage (e.g., petrochemicals, lubricants), By Region, 2019-2023 (US$ Mn)

TABLE 41 Global Oil Storage Market, by Biofuel Storage, By Region, 2019-2023 (US$ Mn)

TABLE 42 Global Oil Storage Market, by Biofuel Storage, By Region, 2019-2023 (US$ Mn)

TABLE 43 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 44 Global Oil Storage Market, by Others, By Region, 2019-2023 (US$ Mn)

TABLE 45 Global Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 46 Global Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 47 Global Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 48 Global Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 49 Global Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 50 Global Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 51 Global Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 52 Global Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 53 Global Oil Storage Market, by e5, 2019-2023 (US$ Mn)

TABLE 54 Global Oil Storage Market, by e5, 2024-2032 (US$ Mn)

TABLE 55 Global Oil Storage Market, by Region, 2019-2023 (US$ Mn)

TABLE 56 Global Oil Storage Market, by Region, 2024-2032 (US$ Mn)

TABLE 57 North America Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 58 North America Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 59 North America Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 60 North America Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 61 North America Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 62 North America Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 63 North America Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 64 North America Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 65 North America Oil Storage Market, by Country, 2019-2023 (US$ Mn)

TABLE 66 North America Oil Storage Market, by Country, 2024-2032 (US$ Mn)

TABLE 67 United States Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 68 United States Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 69 United States Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 70 United States Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 71 United States Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 72 United States Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 73 United States Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 74 United States Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 75 Canada Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 76 Canada Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 77 Canada Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 78 Canada Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 79 Canada Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 80 Canada Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 81 Canada Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 82 Canada Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 83 Mexico Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 84 Mexico Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 85 Mexico Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 86 Mexico Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 87 Mexico Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 88 Mexico Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 89 Mexico Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 90 Mexico Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 91 Europe Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 92 Europe Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 93 Europe Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 94 Europe Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 95 Europe Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 96 Europe Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 97 Europe Oil Storage Market, by Country, 2019-2023 (US$ Mn)

TABLE 98 Europe Oil Storage Market, by Country, 2024-2032 (US$ Mn)

TABLE 99 Europe Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 100 Europe Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 101 Germany Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 102 Germany Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 103 Germany Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 104 Germany Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 105 Germany Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 106 Germany Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 107 Germany Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 108 Germany Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 109 France Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 110 France Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 111 France Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 112 France Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 113 France Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 114 France Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 115 France Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 116 France Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 117 United Kingdom Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 118 United Kingdom Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 119 United Kingdom Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 120 United Kingdom Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 121 United Kingdom Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 122 United Kingdom Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 123 United Kingdom Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 124 United Kingdom Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 125 Italy Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 126 Italy Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 127 Italy Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 128 Italy Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 129 Italy Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 130 Italy Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 131 Italy Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 132 Italy Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 133 Spain Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 134 Spain Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 135 Spain Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 136 Spain Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 137 Spain Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 138 Spain Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 139 Spain Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 140 Spain Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 141 Benelux Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 142 Benelux Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 143 Benelux Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 144 Benelux Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 145 Benelux Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 146 Benelux Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 147 Benelux Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 148 Benelux Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 149 Russia Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 150 Russia Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 151 Russia Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 152 Russia Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 153 Russia Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 154 Russia Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 155 Russia Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 156 Russia Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 157 Rest of Europe Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 158 Rest of Europe Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 159 Rest of Europe Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 160 Rest of Europe Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 161 Rest of Europe Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 162 Rest of Europe Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 163 Rest of Europe Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 164 Rest of Europe Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 165 Asia Pacific Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 166 Asia Pacific Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 167 Asia Pacific Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 168 Asia Pacific Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 169 Asia Pacific Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 170 Asia Pacific Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 171 Asia Pacific Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 172 Asia Pacific Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 173 China Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 174 China Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 175 China Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 176 China Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 177 China Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 178 China Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 179 China Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 180 China Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 181 Japan Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 182 Japan Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 183 Japan Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 184 Japan Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 185 Japan Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 186 Japan Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 187 Japan Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 188 Japan Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 189 India Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 190 India Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 191 India Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 192 India Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 193 India Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 194 India Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 195 India Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 196 India Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 197 South Korea Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 198 South Korea Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 199 South Korea Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 200 South Korea Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 201 South Korea Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 202 South Korea Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 203 South Korea Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 204 South Korea Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 205 South-East Asia Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 206 South-East Asia Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 207 South-East Asia Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 208 South-East Asia Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 209 South-East Asia Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 210 South-East Asia Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 211 South-East Asia Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 212 South-East Asia Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 213 Rest of Asia Pacific Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 214 Rest of Asia Pacific Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 215 Rest of Asia Pacific Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 216 Rest of Asia Pacific Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 217 Rest of Asia Pacific Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 218 Rest of Asia Pacific Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 219 Rest of Asia Pacific Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 220 Rest of Asia Pacific Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 221 Latin America Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 222 Latin America Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 223 Latin America Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 224 Latin America Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 225 Latin America Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 226 Latin America Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 227 Latin America Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 228 Latin America Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 229 Brazil Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 230 Brazil Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 231 Brazil Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 232 Brazil Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 233 Brazil Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 234 Brazil Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 235 Brazil Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 236 Brazil Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 237 Argentina Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 238 Argentina Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 239 Argentina Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 240 Argentina Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 241 Argentina Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 242 Argentina Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 243 Argentina Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 244 Argentina Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 245 Rest of Latin America Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 246 Rest of Latin America Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 247 Rest of Latin America Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 248 Rest of Latin America Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 249 Rest of Latin America Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 250 Rest of Latin America Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 251 Rest of Latin America Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 252 Rest of Latin America Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 253 Middle East Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 254 Middle East Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 255 Middle East Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 256 Middle East Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 257 Middle East Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 258 Middle East Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 259 Middle East Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 260 Middle East Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 261 UAE Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 262 UAE Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 263 UAE Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 264 UAE Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 265 UAE Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 266 UAE Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 267 UAE Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 268 UAE Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 269 Saudi Arabia Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 270 Saudi Arabia Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 271 Saudi Arabia Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 272 Saudi Arabia Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 273 Saudi Arabia Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 274 Saudi Arabia Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 275 Saudi Arabia Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 276 Saudi Arabia Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 277 Rest of Middle East Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 278 Rest of Middle East Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 279 Rest of Middle East Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 280 Rest of Middle East Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 281 Rest of Middle East Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 282 Rest of Middle East Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 283 Rest of Middle East Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 284 Rest of Middle East Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 285 Africa Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 286 Africa Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 287 Africa Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 288 Africa Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 289 Africa Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 290 Africa Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 291 Africa Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 292 Africa Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 293 South Africa Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 294 South Africa Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 295 South Africa Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 296 South Africa Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 297 South Africa Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 298 South Africa Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 299 South Africa Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 300 South Africa Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 301 Egypt Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 302 Egypt Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 303 Egypt Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 304 Egypt Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 305 Egypt Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 306 Egypt Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 307 Egypt Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 308 Egypt Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

TABLE 309 Rest of Africa Oil Storage Market, by Type of Storage Facility, 2019-2023 (US$ Mn)

TABLE 310 Rest of Africa Oil Storage Market, by Type of Storage Facility, 2024-2032 (US$ Mn)

TABLE 311 Rest of Africa Oil Storage Market, by Material Used, 2019-2023 (US$ Mn)

TABLE 312 Rest of Africa Oil Storage Market, by Material Used, 2024-2032 (US$ Mn)

TABLE 313 Rest of Africa Oil Storage Market, by Storage Capacity, 2019-2023 (US$ Mn)

TABLE 314 Rest of Africa Oil Storage Market, by Storage Capacity, 2024-2032 (US$ Mn)

TABLE 315 Rest of Africa Oil Storage Market, by End-Use Industry, 2019-2023 (US$ Mn)

TABLE 316 Rest of Africa Oil Storage Market, by End-Use Industry, 2024-2032 (US$ Mn)

Frequently Asked Questions:

What is the current size of the global Oil Storage market?

The global Oil Storage market was valued at USD 12522.6 Million in 2023.

What is the expected growth rate of the Oil Storage market between 2024 and 2032?

The Oil Storage market is expected to grow at a CAGR of 5.00% between 2024 and 2032, reaching USD 19426.7 Million in 2032.

Which segment is leading the market share in terms of Type of Storage Facility?

Aboveground Storage Tanks (AST) currently hold the largest market share approx. 38-42% in 2023. ASTs are popular because they are easy and inexpensive to construct, maintain, and inspect compared to underground tanks.

Which Material Used governs the demand for Oil Storages in the world?

Steel Tanks currently hold the largest market share approx. 35-38% in 2023. Steel tanks are widely used for their durability, reliability, and versatility. They are resistant to harsh environmental conditions and are suitable for the preservation of various Petroleum products.

Which Storage Capacity segment is expected to post the highest CAGR during the forecast period?

Medium-scale Storage is projected to witness the highest CAGR during the forecast period driven primarily by emerging economies rapid industrialization.

Which region is fueling the growth of the Oil Storage industry?

Asia Pacific held largest share around 38-42% of the market in 2023.

Who are the major players in the global Oil Storage market?

The top players include Belco Manufacturing Co., Inc., Brooge Energy, Containment Solutions, Inc., LBC Tank Terminals, L. F. Manufacturing, Inc., Oiltanking GmbH, Odfjell SE, Puma Energy, Royal Vopak, and Vitol, among others.

What are the major market drivers of the Oil Storage industry?

What are the major market restraints of the Oil Storage industry?

What are the major market opportunities of the Oil Storage industry?

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