Oil Storage Market size comprises of company’s manufacture and individual owner participants which may positively impact on oil storage demand, trade between terminal, and countries. Oil storage are canister or reservoir used to store petroleum products. These storage tanks contain biological liquid, non-biological liquid used for oil processing for products such as petrol, diesel oil, paraffin and others at different stages. These are broadly classified into two different categories atmospheric and pressurized, where atmospheric pressure is high in Atmospheric tanks (AST) which holds liquid at atmospheric pressure, liquid which evaporate are stored in Pressurized Tanks (PST).
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Global Oil Storage Market is broadly segmented into five different regions which includes North America, Europe, Asia-Pacific, Middle East and Africa, Latin America. Asia pacific, middle east and north America have witness construction of oil storage tank by 2019. These regions are expecting collectively spending of around US$37 billion to build oil storage, for minimizing supply risk and to aid their export. Storage capacity of Asia alone is set to increase by 368, MMbbl about 50% of the global capacity growth by 2019. Asia pacific, led by Singapore had the largest share about 41% of oil storage market in 2015 followed by China, Malaysia, south Korea, India, Japan, are major crude oil carriers.
The increasing demand for crude oil in some countries of South East Asia led by Indonesia would drive the oil storage market. Major oil storage hubs in world are Jurong island(Singapore), Rotterdam (Netherlands) had highest oil storage position in market as trading place and due to specialized storage, Fujairah (United Arab Emirates). In Asia Jurong island(Singapore) is situated between Pacific and Indian Ocean and is the most strategic location for refinery hubs.
Followed by some other oil terminals Jiangyin, Shanghai, Sao Paulo, Houston, Amsterdam, China, Oklahoma. By products stored in storage tanks are divided in market as: Crude oil, Brent crude oil, Aviation fuel, Diesel, Gasoline, Gas oil, Kerosene, Liquefied Natural Gas, Liquefied Petroleum Gas, vegetable oils, synthetic oils, biodegradable oils, solid hydrocarbon products, like bitumen, aromatic hydrocarbons.
Global Oil storage tanks market share includes, Dalian Port and SUMED, Buckeye, Vitol (VTTI), Sunoco, IMTT, Vopak, Oiltanking, CLH, CIM, Megallan Midstream, Kinder Morgan, Odfjell, Nustar. Vopak is the leading oil storage tank independently, Bahamas oil refining company is captured by Buckeye
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This latest Oil Storage market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Oil Storage industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
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Oil Storage market size & forecast by product & application
Growth drivers, pitfalls & industry challenges
Key Oil Storage market growth opportunities & emerging business models
Competitive benchmarking with market share analysis and company profiles
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