The Business Research Company’s Oil Storage Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Oil Storage Global Market Report 2023 evaluates oil storage market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global oil storage market is expected to grow to $11,936.9 million in 2027 at a rate of 4.9%. The market is then expected to grow at a CAGR of 5.9% from 2027 and reach $15,878.0 million in 2032.
Government support is expected to drive the growth of the oil storage market going forward. The governments of various countries are supporting the oil and gas sector to produce new solutions to better serve the industry. For example, in May 2023, Organization of the Petroleum Exporting Countries (OPEC) producer Iraq awarded a project to a Chinese firm to build its largest crude oil depot for export with a capacity of around 3.2 million barrels. The China Petroleum Pipeline Engineering Company (CPP) will build the storage facility. The facility will comprise seven large storage tankers, including four tankers for heavy crude and four for light crude. Further, in April 2022, India joined other major consumers to release 5 million barrels of oil from its strategic petroleum reserves in November to contain inflationary pressures the government was “committed to supporting initiatives for releases from strategic petroleum reserves. Therefore, the government support will increase the demand for oil and gas industry thereby increasing the demand for oil storage market.
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The oil storage market segments in the report are:
1) By Product Design: Open Top Tank; Fixed Roof Tank; Floating Roof Tank; Other Designs
2) By Type: Crude Oil; Gasoline; Aviation Fuel; Naphtha; Diesel; Kerosene; Liquefied Petroleum Gas
3) By Materials: Steel; Carbon Steel; Fiberglass Reinforced Plastic; Other Materials”
The table of contents in TBRC’s oil storage market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Oil Storage Market, Conclusions And Recommendations
22. Appendix
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