Oil Storage: Global Strategic Business Report

Global Oil Storage Market to Reach 2.6 Billion Cubic Meter by 2030

The global market for Oil Storage estimated at 1.8 Billion Cubic Meter in the year 2022, is projected to reach a revised size of 2.6 Billion Cubic Meter by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Strategic Petroleum Reserves, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach 2 Billion Cubic Meter by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Commercial Petroleum Reserves segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at 535.2 Million Cubic Meter, While China is Forecast to Grow at 4.6% CAGR

The Oil Storage market in the U.S. is estimated at 535.2 Million Cubic Meter in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 459.5 Million Cubic Meter by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 23 Featured) -

• Buckeye Partners LP
• CIM-CCMP Group
• Compañia Logistica de Hidrocarburos CLH, S.A.
• Ghazanfar Group (Afghanistan)
• Horizon Terminals Limited
• International-Matex Tank Terminals LLC
• Kinder Morgan, Inc.
• Koninklijke Vopak N.V.
• Magellan Midstream Partners LP
• NuStar Energy LP
• Odfjell Group
• Oiltanking GmbH
• Sunoco Logistics Partners L.P.
• VTTI

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and the publisher's Research Platform
• Complimentary updates for one year