Oil Storage Market - Global Industry Analysis 2024

Transparency Market
Research
Oil Storage Market (Storage - Open Top Tanks, Fixed
Roof Tanks, and Floating Roof Tanks; Product - Crude
Oil, Gasoline, Aviation Fuel, and Middle Distillates;
Reserve - Strategic and Commercial) - Global Industry
Analysis, Size, Share, Growth Trends, and
Published Date
21-Jul-2016
112 Page Report
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Press Release
Need for Oil Storage Facilities on the Rise as Global Supply
of Crude Oil Surpasses Demand, says TMR
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REPORT DESCRIPTION
Oil Storage Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024
The top five companies in the global oil storage market accounted for a combined share of just over 67% in
2014. These players are Royal Vopak N.V., Kinder Morgan Inc., Oiltanking GmbH, Buckeye Partners L.P., and
NuStar Energy L.P. Transparency Market Research has found that the degree of competition in the
increasingly capital-intensive oil storage market is extremely high and the threat of new entrants is likely to
remain moderate throughout the forecast period.
Looking to strengthen their foothold in the global oil storage market, an increasing number of companies have
been resorting to strategic alliances, partnerships, mergers, acquisitions, and joint ventures. “These strategies
have enabled companies to raise funds for the development of new pipelines and storage facilities, the
expansion of terminal networks, and the expansion of crude oil storage infrastructure,” the author of the
TMR study states.
Browse thr FULL “Oil Storage Market (Storage - Open Top Tanks, Fixed Roof Tanks, and Floating Roof
Tanks; Product - Crude Oil, Gasoline, Aviation Fuel, and Middle Distillates; Reserve - Strategic and
Commercial) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 – 2024” Report
at :http://www.transparencymarketresearch.com/oil-storage-market.html
Kinder Morgan is an excellent example. Currently focused on enhancing terminal and storage infrastructure
across North America, the industry giant acquired Hiland Partners in February 2015 for US$3 bn.
Ongoing Expansion of Oil Storage Capacities Driving Growth
“The global supply of crude oil has surpassed its demand and this has resulted in the need for oil storage
facilities,” a TMR analyst states. This changing trend in the oil industry has given rise to oil inventories over the
years. Companies have been striving to expand storage capacity, especially refineries in Asia Pacific and
Europe. In addition to this, the swift rise in road travel has spurred the demand for finished petroleum products,
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which, in turn, has fueled the need for future storage capacity expansions. This has given the global oil storage
market a significant boost. For instance, in 2015, CLH Group invested over US$200 mn to build integrated
storage and transportation networks, including thousands of kilometers of storage facilities.
In contrast, TMR has observed that high initial investments and lengthy approval processes required for setting
up and expansion oil storage facilities have restricted the growth of the global market.
“However, higher return on investment in the long term is likely to give players in the oil storage market the
push they need,” the author of the study predicts.
Opportunities Galore in APAC Oil Storage Market
The global oil storage market is poised to expand at a 4.73% CAGR by volume from 2016 to 2024, reporting a
rise from 1,337 mn cubic meters in 2014 to 2,027 mn cubic meters by the end of the forecast period. The
Middle East and Africa region is the leading contributor in the global oil storage market with a 30% share in
2014, followed by North America and Europe. “Although Asia Pacific comes in fourth in terms of market share,
the region is anticipated to trail the MEA oil storage market in terms of percentage growth from 2016 to 2024,”
the analyst predicts.
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By type of reserve, strategic petroleum reserves were the key contributor in 2014, followed by commercial
petroleum reserves. By type of product, crude oil led the overall oil storage market in 2014 and will continue
this trend through 2024.
This review is based on the findings of a TMR report titled “Oil Storage Market: Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
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Oil Storage Market – Type of Storage Segment Analysis
Open Top Tanks
Fixed Roof Tanks
Floating Roof Tanks
Other Storage Facilities
Oil Storage Market – Product Type Segment Analysis
Crude Oil
Gasoline
Aviation Fuel
Middle Distillates
Oil Storage Market – Reserve Type Segment Analysis
Strategic Petroleum Reserve
Commercial Petroleum Reserve
TABLE OF CONTENT
Chapter 1 Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
2. Executive Summary
2.1. Global Oil Storage Market Snapshot
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2.2. Global Oil Storage Market Overview
3. Industry Analysis
3.1. Introduction
3.2. Overview
3.3. Value Chain Analysis – Snapshot
3.4. Value Chain Analysis – Overview
3.5. Market Dynamics – Overview
3.5.1. Driver 1- Increased demand for oil storage expansion
3.5.2. Driver 1- Demand for petroleum products is rising due to increase in road travel
3.5.3. Restraints 1 - High initial investments required for oil storage expansion
3.5.4. Opportunities 1- Oil surplus provides profitable investment opportunity in oil storage business
3.6. Porter’s Five Forces Analysis – Overview
3.6.1. Porter’s Five Forces Analysis – Bargaining Power of Suppliers
3.6.2. Porter’s Five Forces Analysis – Bargaining Power Of Buyers
3.6.3. Porter’s Five Forces Analysis – Threat Of Substitutes
3.6.4. Porter’s Five Forces Analysis – Threat Of New Entrants
3.6.5. Porter’s Five Forces Analysis – Degree Of Competition
3.7. Market Attractiveness Analysis, by Region
3.8. Company Market Share- Oil Storage Market (2015)
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4. Global Oil Storage Market Analysis, By Reserve Type, By Volume (Million Cubic Meters), 2014 – 2024
4.1. Overview
4.2. Strategic Petroleum Reserves
4.3. Commercial Petroleum Reserves
5. Global Oil Storage Market Analysis, By Storage Type, By Volume (Million Cubic Meters), 2014 – 2024
5.1. Open Top Tanks
5.2. Fixed Roof Tanks
5.3. Floating Roof Tanks
5.4. Other Storage Facilities
6. Global Oil Storage Market Analysis, By Product Type, By Volume (Million Cubic Meters), 2014 – 2024
6.1. Crude Oil
6.2. Gasoline
6.3. Aviation Fuel
6.4. Middle Distillates
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7. Global Oil Storage Market – Regional Analysis By Volume (Million Cubic Meters), 2014 – 2024
7.1. North America Oil Storage Market - Overview
7.1.1. U.S. Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.1.1.1. Crude Oil
7.1.1.2. Gasoline
7.1.1.3. Aviation Fuel
7.1.1.4. Middle Distillates
7.1.2. U.S. Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.1.2.1. Open Top Tanks
7.1.2.2. Fixed Roof Tanks
7.1.2.3. Floating Roof Tanks
7.1.2.4. Other Storage Facilities
7.1.3. Canada Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.1.3.1. Crude Oil
7.1.3.2. Gasoline
7.1.3.3. Aviation Fuel
7.1.3.4. Middle Distillates
7.1.4. Canada Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.1.4.1. Open Top Tanks
7.1.4.2. Fixed Roof Tanks
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7.1.4.3. Floating Roof Tanks
7.1.4.4. Other Storage Facilities
7.2. Europe Oil Storage Market - Overview
7.2.1. Germany Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.1.1. Crude Oil
7.2.1.2. Gasoline
7.2.1.3. Aviation Fuel
7.2.1.4. Middle Distillates
7.2.2. Germany Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.2.1. Open Top Tanks
7.2.2.2. Fixed Roof Tanks
7.2.2.3. Floating Roof Tanks
7.2.2.4. Other Storage Facilities
7.2.3. Netherlands Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.3.1. Crude Oil
7.2.3.2. Gasoline
7.2.3.3. Aviation Fuel
7.2.3.4. Middle Distillates
7.2.4. Netherlands Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.4.1. Open Top Tanks
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7.2.4.2. Fixed Roof Tanks
7.2.4.3. Floating Roof Tanks
7.2.4.4. Other Storage Facilities
7.2.5. Spain Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.5.1. Crude Oil
7.2.5.2. Gasoline
7.2.5.3. Aviation Fuel
7.2.5.4. Middle Distillates
7.2.6. Spain Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.6.1. Open Top Tanks
7.2.6.2. Fixed Roof Tanks
7.2.6.3. Floating Roof Tanks
7.2.6.4. Other Storage Facilities
7.2.7. Belgium Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.7.1. Crude Oil
7.2.7.2. Gasoline
7.2.7.3. Aviation Fuel
7.2.7.4. Middle Distillates
7.2.8. Belgium Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.2.8.1. Open Top Tanks
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7.2.8.2. Fixed Roof Tanks
7.2.8.3. Floating Roof Tanks
7.2.8.4. Other Storage Facilities
7.3. Asia Pacific Oil Storage Market - Overview
7.3.1. China Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.3.1.1. Crude Oil
7.3.1.2. Gasoline
7.3.1.3. Aviation Fuel
7.3.1.4. Middle Distillates
7.3.2. China Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.3.2.1. Open Top Tanks
7.3.2.2. Fixed Roof Tanks
7.3.2.3. Floating Roof Tanks
7.3.2.4. Other Storage Facilities
7.3.3. Japan Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.3.3.1. Crude Oil
7.3.3.2. Gasoline
7.3.3.3. Aviation Fuel
7.3.3.4. Middle Distillates
7.3.4. Japan Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
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7.3.4.1. Open Top Tanks
7.3.4.2. Fixed Roof Tanks
7.3.4.3. Floating Roof Tanks
7.3.4.4. Other Storage Facilities
7.3.5. South Korea Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–
2024
7.3.5.1. Crude Oil
7.3.5.2. Gasoline
7.3.5.3. Aviation Fuel
7.3.5.4. Middle Distillates
7.3.6. South Korea Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–
2024
7.3.6.1. Open Top Tanks
7.3.6.2. Fixed Roof Tanks
7.3.6.3. Floating Roof Tanks
7.3.6.4. Other Storage Facilities
7.3.7. Singapore Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.3.7.1. Crude Oil
7.3.7.2. Gasoline
7.3.7.3. Aviation Fuel
7.3.7.4. Middle Distillates
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7.3.8. Singapore Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.3.8.1. Open Top Tanks
7.3.8.2. Fixed Roof Tanks
7.3.8.3. Floating Roof Tanks
7.3.8.4. Other Storage Facilities
7.4. Middle East and Africa Oil Storage Market - Overview
7.4.1. United Arab Emirates Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters),
2014–2024
7.4.1.1. Crude Oil
7.4.1.2. Gasoline
7.4.1.3. Aviation Fuel
7.4.1.4. Middle Distillates
7.4.2. United Arab Emirates Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters),
2014–2024
7.4.2.1. Open Top Tanks
7.4.2.2. Fixed Roof Tanks
7.4.2.3. Floating Roof Tanks
7.4.2.4. Other Storage Facilities
7.4.3. Saudi Arabia Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–
2024
7.4.3.1. Crude Oil
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7.4.3.2. Gasoline
7.4.3.3. Aviation Fuel
7.4.3.4. Middle Distillates
7.4.4. Saudi Arabia Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–
2024
7.4.4.1. Open Top Tanks
7.4.4.2. Fixed Roof Tanks
7.4.4.3. Floating Roof Tanks
7.4.4.4. Other Storage Facilities
7.4.5. Iran Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.4.5.1. Crude Oil
7.4.5.2. Gasoline
7.4.5.3. Aviation Fuel
7.4.5.4. Middle Distillates
7.4.6. Iran Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.4.6.1. Open Top Tanks
7.4.6.2. Fixed Roof Tanks
7.4.6.3. Floating Roof Tanks
7.4.6.4. Other Storage Facilities
7.4.7. Oman Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
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7.4.7.1. Crude Oil
7.4.7.2. Gasoline
7.4.7.3. Aviation Fuel
7.4.7.4. Middle Distillates
7.4.8. Oman Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.4.8.1. Open Top Tanks
7.4.8.2. Fixed Roof Tanks
7.4.8.3. Floating Roof Tanks
7.4.8.4. Other Storage Facilities
7.5. South and Central America Oil Storage Market - Overview
7.5.1. Brazil Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.5.1.1. Crude Oil
7.5.1.2. Gasoline
7.5.1.3. Aviation Fuel
7.5.1.4. Middle Distillates
7.5.2. Brazil Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.5.2.1. Open Top Tanks
7.5.2.2. Fixed Roof Tanks
7.5.2.3. Floating Roof Tanks
7.5.2.4. Other Storage Facilities
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7.5.3. Argentina Oil Storage Market, by Product Type, By Volume ( Million Cubic Meters), 2014–2024
7.5.3.1. Crude Oil
7.5.3.2. Gasoline
7.5.3.3. Aviation Fuel
7.5.3.4. Middle Distillates
7.5.4. Argentina Oil Storage Market, by Storage Type, By Volume ( Million Cubic Meters), 2014–2024
7.5.4.1. Open Top Tanks
7.5.4.2. Fixed Roof Tanks
7.5.4.3. Floating Roof Tanks
7.5.4.4. Other Storage Facilities
8. Company Profiles
8.1. Buckeye Partners L.P.
8.1.1. Company Overview
.1.2. Financial Overview
8.1.3. Business Strategy
8.1.4. Recent Developments
8.2. CIM-CCMP Group
8.2.1. Company Overview
8.2.2. Financial Overview
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8.2.3. Business Strategy
8.2.4. Recent Developments
8.3. CLH Group
8.3.1. Company Overview
8.3.2. Financial Overview
8.3.3. Business Strategy
8.3.4. Recent Developments
8.4. Ghazanfar Group
8.4.1. Company Overview
8.4.2. Financial Overview
8.4.3. Business Strategy
8.4.4. Recent Developments
8.5. Horizon Terminals Ltd
8.5.1. Company Overview
8.5.2. Financial Overview
8.5.3. Business Strategy
8.5.4. Recent Developments
8.6. International-Matex Tank Terminals, Inc
8.6.1. Company Overview
8.6.2. Financial Overview
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8.6.3. Business Strategy
8.6.4. Recent Developments
8.7. Kinder Morgan Inc.
8.7.1. Company Overview
8.7.2. Financial Overview
8.7.3. Business Strategy
8.7.4. Recent Developments
8.8. Magellan Midstream Partners L.P.
8.8.1. Company Overview
8.8.2. Financial Overview
8.8.3. Business Strategy
8.8.4. Recent Developments
8.9. NuStar Energy L.P.
8.9.1. Company Overview
8.9.2. Financial Overview
8.9.3. Business Strategy
8.9.4. Recent Developments
8.10. Odfjell Terminal B.V.
8.10.1. Company Overview
8.10.2. Financial Overview
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8.10.3. Business Strategy
8.10.4. Recent Developments
8.11. Oiltanking GmbH
8.11.1. Company Overview
8.11.2. Financial Overview
8.11.3. Business Strategy
8.11.4. Recent Developments
8.12. Royal Vopak N.V.
8.12.1. Company Overview
8.12.2. Financial Overview
8.12.3. Business Strategy
8.12.4. Recent Developments
8.13. Sunoco Logistics Partners L.P.
8.13.1. Company Overview
8.13.2. Financial Overview
8.13.3. Business Strategy
8.13.4. Recent Developments
8.14. Vitol Tank Terminals International B.V.
8.14.1. Company Overview
8.14.2. Financial Overview
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8.14.3. Business Strategy
8.14.4. Recent Developments
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