This report describes and explains the bulk petroleum and chemical storage market and covers 2020-2025, termed the historic period, and 2025-2030, 2035F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global bulk petroleum and chemical storage market reached a value of nearly $37.07 billion in 2025, having grown at a compound annual growth rate (CAGR) of 8.1% since 2020. The market is expected to grow from $37.07 billion in 2025 to $53.16 billion in 2030 at a rate of 7.5%. The market is then expected to grow at a CAGR of 6.8% from 2030 and reach $73.82 billion in 2035.
Growth in the historic period resulted from expansion of refining and petrochemical industries, growing energy consumption, growth in chemical manufacturing activities and increasing need for strategic reserves and inventory buffering. Factors that negatively affected growth in the historic period were risk of leaks, spills and environmental accidents and aging storage infrastructure requiring costly upgrades.
Going forward, rising trade and maritime transportation, expansion of global crude oil, growth in port-centric oil and chemical storage hubs and expansion of third-party and independent bulk storage terminal outsourcing will drive the growth. Factors that could hinder the growth of the bulk petroleum and chemical storage market in the future include stringent environmental regulations and compliance costs, high capital investment and long project approval timelines and impact of trade war and tariff.
Market trends for the bulk petroleum and chemical storage market include emphasis on Industry 4.0-driven automation and intelligent operational systems, integration of sustainable fuel handling and biofuel supply solutions into traditional terminal operations, artificial intelligence-powered autonomous planning and optimization systems, digitalization of terminal operations through cloud-native platforms, Big Data analytics and strengthened cybersecurity frameworks and Internet of Things (IoT)-enabled smart infrastructure solutions and connected digital ecosystems.
The bulk petroleum and chemical storage market is segmented by material type into metal, carbon fiber, glass fiber and other material types. The metal market was the largest segment of the bulk petroleum and chemical storage market segmented by material type, accounting for 54.5% or $20.22 billion of the total in 2025. Going forward, the carbon fiber segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by material type, at a CAGR of 9.7% during 2025-2030.
The bulk petroleum and chemical storage market is segmented by storage type into open top tanks, fixed roof tanks, floating roof tanks and other storage types. The fixed roof tanks was the largest segment of the bulk petroleum and chemical storage market segmented by storage type, accounting for 46.1% or $17.09 billion of the total in 2025. Going forward, the other storage types segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by storage type, at a CAGR of 9.6% during 2025-2030.
The bulk petroleum and chemical storage market is segmented by application into fuel storage tank and chemical storage tank. The fuel storage tank market was the largest segment of the bulk petroleum and chemical storage market segmented by application, accounting for 63.4% or $23.5 billion of the total in 2025. Going forward, the chemical storage tank segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by application, at a CAGR of 8.3% during 2025-2030.
Asia-Pacific was the largest region in the bulk petroleum and chemical storage market, accounting for 39.4% or $31.49 billion of the total in 2025. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the bulk petroleum and chemical storage market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 8.8% and 7.5% respectively. These will be followed by Africa and North America where the markets are expected to grow at CAGRs of 6.9% and 6.1% respectively.
The global bulk petroleum and chemical storage market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 26.76% of the total market in 2024. China Petroleum & Chemical Corporation (Sinopec) was the largest competitor with a 7.45% share of the market, followed by Vitol Tank Terminals International BV with 5.77%, Royal Vopak N.V. with 3.00%, Kinder Morgan Inc. with 2.64%, Buckeye Energy Holdings LLC with 1.74%, Chevron Corporation with 1.72%, Enterprise Products Partners L.P. with 1.63%, Marathon Petroleum Corporation with 0.98%, Inter Pipeline Ltd. with 0.94% and IMTT with 0.88%.
The top opportunities in the bulk petroleum and chemical storage market segmented by material type will arise in the metal segment, which will gain $8.51 billion of global annual sales by 2030. The top opportunities in the bulk petroleum and chemical storage market segmented by storage type will arise in the fixed roof tanks segment, which will gain $6.9 billion of global annual sales by 2030. The top opportunities in the bulk petroleum and chemical storage market segmented by application will arise in the fuel storage tank segment, which will gain $9.42 billion of global annual sales by 2030. The bulk petroleum and chemical storage market size will gain the most in China at $3.75 billion.
Player-adopted strategies in the bulk petroleum and chemical storage market include focus on expanding its business capabilities through strategic investments.
Market-trend-based strategies for the bulk petroleum and chemical storage market include focus on the development of dedicated independent ammonia storage infrastructure that supports both conventional industrial demand and emerging applications as an energy carrier tied to the global energy transition, accelerating investments in industrial, gas and energy transition-oriented terminal infrastructure that extend beyond traditional chemical and oil storage assets, reflecting evolving demand dynamics for diversified energy and feedstock logistics solutions and the digitalization and automation of terminal operations through advanced research initiatives that integrate digital twin technology, artificial intelligence (AI) and robotics to enhance safety, operational efficiency and environmental performance across storage facilities.
To take advantage of the opportunities, the analyst recommends the bulk petroleum and chemical storage companies to focus on developing dedicated ammonia storage infrastructure for industrial demand and energy transition, focus on expanding gas and energy transition terminal investments, focus on AI-driven digital transformation of terminal operations, focus on expanding carbon fiber storage solutions for high-growth applications, focus on expanding specialized storage systems for high-growth gas and clean fuel applications, focus on value-based and flexible pricing strategies, focus on targeted industry engagement and strategic partnerships, focus on data-driven marketing and customer communication strategies, focus on expanding chemical storage capacity for high-growth industrial demand.
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The global bulk petroleum and chemical storage market reached a value of nearly $37.07 billion in 2025, having grown at a compound annual growth rate (CAGR) of 8.1% since 2020. The market is expected to grow from $37.07 billion in 2025 to $53.16 billion in 2030 at a rate of 7.5%. The market is then expected to grow at a CAGR of 6.8% from 2030 and reach $73.82 billion in 2035.
Growth in the historic period resulted from expansion of refining and petrochemical industries, growing energy consumption, growth in chemical manufacturing activities and increasing need for strategic reserves and inventory buffering. Factors that negatively affected growth in the historic period were risk of leaks, spills and environmental accidents and aging storage infrastructure requiring costly upgrades.
Going forward, rising trade and maritime transportation, expansion of global crude oil, growth in port-centric oil and chemical storage hubs and expansion of third-party and independent bulk storage terminal outsourcing will drive the growth. Factors that could hinder the growth of the bulk petroleum and chemical storage market in the future include stringent environmental regulations and compliance costs, high capital investment and long project approval timelines and impact of trade war and tariff.
Market trends for the bulk petroleum and chemical storage market include emphasis on Industry 4.0-driven automation and intelligent operational systems, integration of sustainable fuel handling and biofuel supply solutions into traditional terminal operations, artificial intelligence-powered autonomous planning and optimization systems, digitalization of terminal operations through cloud-native platforms, Big Data analytics and strengthened cybersecurity frameworks and Internet of Things (IoT)-enabled smart infrastructure solutions and connected digital ecosystems.
The bulk petroleum and chemical storage market is segmented by material type into metal, carbon fiber, glass fiber and other material types. The metal market was the largest segment of the bulk petroleum and chemical storage market segmented by material type, accounting for 54.5% or $20.22 billion of the total in 2025. Going forward, the carbon fiber segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by material type, at a CAGR of 9.7% during 2025-2030.
The bulk petroleum and chemical storage market is segmented by storage type into open top tanks, fixed roof tanks, floating roof tanks and other storage types. The fixed roof tanks was the largest segment of the bulk petroleum and chemical storage market segmented by storage type, accounting for 46.1% or $17.09 billion of the total in 2025. Going forward, the other storage types segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by storage type, at a CAGR of 9.6% during 2025-2030.
The bulk petroleum and chemical storage market is segmented by application into fuel storage tank and chemical storage tank. The fuel storage tank market was the largest segment of the bulk petroleum and chemical storage market segmented by application, accounting for 63.4% or $23.5 billion of the total in 2025. Going forward, the chemical storage tank segment is expected to be the fastest-growing segment in the bulk petroleum and chemical storage market segmented by application, at a CAGR of 8.3% during 2025-2030.
Asia-Pacific was the largest region in the bulk petroleum and chemical storage market, accounting for 39.4% or $31.49 billion of the total in 2025. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the bulk petroleum and chemical storage market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 8.8% and 7.5% respectively. These will be followed by Africa and North America where the markets are expected to grow at CAGRs of 6.9% and 6.1% respectively.
The global bulk petroleum and chemical storage market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 26.76% of the total market in 2024. China Petroleum & Chemical Corporation (Sinopec) was the largest competitor with a 7.45% share of the market, followed by Vitol Tank Terminals International BV with 5.77%, Royal Vopak N.V. with 3.00%, Kinder Morgan Inc. with 2.64%, Buckeye Energy Holdings LLC with 1.74%, Chevron Corporation with 1.72%, Enterprise Products Partners L.P. with 1.63%, Marathon Petroleum Corporation with 0.98%, Inter Pipeline Ltd. with 0.94% and IMTT with 0.88%.
The top opportunities in the bulk petroleum and chemical storage market segmented by material type will arise in the metal segment, which will gain $8.51 billion of global annual sales by 2030. The top opportunities in the bulk petroleum and chemical storage market segmented by storage type will arise in the fixed roof tanks segment, which will gain $6.9 billion of global annual sales by 2030. The top opportunities in the bulk petroleum and chemical storage market segmented by application will arise in the fuel storage tank segment, which will gain $9.42 billion of global annual sales by 2030. The bulk petroleum and chemical storage market size will gain the most in China at $3.75 billion.
Player-adopted strategies in the bulk petroleum and chemical storage market include focus on expanding its business capabilities through strategic investments.
Market-trend-based strategies for the bulk petroleum and chemical storage market include focus on the development of dedicated independent ammonia storage infrastructure that supports both conventional industrial demand and emerging applications as an energy carrier tied to the global energy transition, accelerating investments in industrial, gas and energy transition-oriented terminal infrastructure that extend beyond traditional chemical and oil storage assets, reflecting evolving demand dynamics for diversified energy and feedstock logistics solutions and the digitalization and automation of terminal operations through advanced research initiatives that integrate digital twin technology, artificial intelligence (AI) and robotics to enhance safety, operational efficiency and environmental performance across storage facilities.
To take advantage of the opportunities, the analyst recommends the bulk petroleum and chemical storage companies to focus on developing dedicated ammonia storage infrastructure for industrial demand and energy transition, focus on expanding gas and energy transition terminal investments, focus on AI-driven digital transformation of terminal operations, focus on expanding carbon fiber storage solutions for high-growth applications, focus on expanding specialized storage systems for high-growth gas and clean fuel applications, focus on value-based and flexible pricing strategies, focus on targeted industry engagement and strategic partnerships, focus on data-driven marketing and customer communication strategies, focus on expanding chemical storage capacity for high-growth industrial demand.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Bulk Petroleum and Chemical Storage Market, Supply Chain Analysis
8 Major Market Trends
9 Global Bulk Petroleum and Chemical Storage Growth Analysis and Strategic Analysis Framework
10 Global Bulk Petroleum and Chemical Storage Market Size and Growth Analysis
11 Global Bulk Petroleum and Chemical Storage Total Addressable Market (TAM) Analysis
12 Global Bulk Petroleum and Chemical Storage Market Segmentation
13 Bulk Petroleum and Chemical Storage Market, Regional and Country Analysis
14 Asia-Pacific Market
15 South East Asia Market
16 North America Market
17 Western Europe Market
18 South America Market
19 Eastern Europe Market
20 Middle East Market
21 Africa Market
22 Competitive Landscape and Company Profiles
23 Other Major and Innovative Companies
26 Bulk Petroleum and Chemical Storage Market - Company Scoring Matrix
28 Key Mergers and Acquisitions
29 Recent Developments in Bulk Petroleum and Chemical Storage
30 Opportunities and Strategies
31 Bulk Petroleum and Chemical Storage Market, Conclusions and Recommendations
32 Appendix
Executive Summary
Bulk Petroleum and Chemical Storage Global Market Opportunities and Strategies to 2035 provides the strategists; marketers and senior management with the critical information they need to assess the global bulk petroleum and chemical storage market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for bulk petroleum and chemical storage? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bulk petroleum and chemical storage market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider bulk petroleum and chemical storage market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics Brief introduction to the segmentations covered in the market, definitions and explanations about the segments, key products, supply chain and market attractiveness scoring and analysis.
- Key Trends Highlights the major trends shaping the global market. This section also highlights likely future technologies and developments in the market.
- Growth Analysis and Strategic Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by material type, by storage type and by application in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size and Growth Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the startups, company profiles of other major and innovative companies in the market.
- Competitive Benchmarking Briefs on the financials comparison between major players in the market.
- Competitive Dashboard Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments Information on recent developments in the market covered in the report.
- Conclusions and Recommendations This section includes recommendations for bulk petroleum and chemical storage providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Appendix This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
1) By Material Type: Metal; Carbon Fiber; Glass Fiber; Other Material Types
2) By Storage Type: Open Top Tanks; Fixed Roof Tanks; Floating Roof Tanks; Other Storage Types
3) By Application: Fuel Storage Tank; Chemical Storage Tank
Companies Mentioned: China Petroleum & Chemical Corporation.(Sinopec); Vitol Tank Terminals International BV; Royal Vopak N.V.; Kinder Morgan Inc; Buckeye Energy Holdings LLC)
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; bulk petroleum and chemical storage indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- China Petroleum & Chemical Corporation.(Sinopec)
- Vitol Tank Terminals International BV
- Royal Vopak N.V.
- Kinder Morgan Inc
- Buckeye Energy Holdings LLC)
- Chevron Corporation
- Enterprise Products Partners L.P.
- Marathon Petroleum Corporation
- Inter Pipeline Ltd.
- IMTT
- Bulk Petroleum
- Delta Oil
- Sunoco LP
- Sinochem International Corporation
- Shell Global
- TotalEnergies
- Occidental Petroleum Corporation (Oxy)
- Coogee
- China National Offshore Oil Corporation (CNOOC)
- PetroChina
- China National Petroleum Corporation (CNPC)
- Aramco India
- Korea National Oil Corporation
- Lotte Chemical Corporation
- Hanwha Solutions Corporation
- DL Chemical Co., Ltd.
- LG Chem
- Indian Oil Corporation Ltd
- Liuheng Island Oil Depot
- Topsafe Petrochemical Logistics and Storage Services Co., Ltd
- Zhuhai Winbase International Chemical Tank Terminal
- Liquid Bulk International Corp
- Japan Oil Terminal Co., Ltd
- ITOCHU ENEX Co., Ltd.
- Central Tank Terminal Co., Ltd.
- NRS Corporation
- Nakagawa Bussan Co., Ltd.
- San-Ai Oil Co., Ltd.
- Stolthaven Terminals
- CPC Corporation
- Taiwan Power Company (TPC)
- CNI Co., Ltd.
- Petrovietnam
- PTT Global Chemical
- PT Pertamina (Persero)
- Philippines Coastal Storage & Pipeline Corporation
- Aramco
- Unioil Petroleum Philippines
- Hengyi Industries Sdn. Bhd.
- Petrolimex
- Banyan Caverns Storage
- Jurong Port Tank Terminals Pte Ltd
- Stolthaven Singapore Pte. Ltd.
- Singapore Petroleum Company Ltd
- Fima Bulking Services Bhd
- Ancom Nylex Berhad
- Phillips 66 Company
- Sunoco Logistics Partners L.P.
- Valero Energy Corporation
- Plains All American Pipeline L.P.
- Pemex Logistics
- Odfjell USA Inc
- Stolt-Nielsen USA Inc
- Unity Fuel Solutions
- Valleytank Inc.
- Max Fuel Distributors LTD.
- Imperial Oil Canada Limited
- Petro-Canada Lubricants Inc.
- Oiltanking GmbH
- Shell plc
- TotalEnergies SE
- LBC Tank Terminals Group
- Evos Hamburg GmbH
- Exolum
- Brenntag SE
- Sernacol
- Bunker One A/S
- OT Logistics S.A
- PKN ORLEN S.A
- Odfjell SE
- OMV Petrom S.A
- The PJSC Lukoil Oil Company
- Occidental Petroleum Corporation
- Tristar Group
- AquaChemie
- Engen Petroleum
- MOL Group
- Stolt-Nielsen Limited
