Global Oil & Gas Storage Services Market Forecast 2025

1
2015 2025
GLOBAL OIL GAS STORAGE SERVICES MARKET
FORECAST OPPORTUNITIES
2

• Scope of Report
• Product of Interest (POI) Oil Gas Storage
  Services

Global oil gas storage services market was
valued at US 1.09 billion in 2019 and is
projected to reach US 1.34 billion by 2025.
Growth in the market can be attributed to the
increasing demand for oil gas, growing global
exploration production, and expanding oil
gas pipeline network. Huge price fluctuations in
crude oil prices in the recent years has
increased the requirement for oil gas storage
services across the globe. Increased investments
in oil and gas pipeline projects are further
expected to drive the oil and gas storage service
markets growth during the forecast period.
Market Segmentation
SERVICE
END USER

• Storage Service
• Throughput
• Ancillary Service

• Refinery
• Merchant Traders
• Distributors

PRODUCT TYPE

• Crude Oil
• Gasoline
• Diesel
• Jet Fuel
• LPG
• Heavy Fuel Oil (Residual)
• Other Distillates
• Others

3

• Table of Contents

S. No. Contents Contents Contents Page No.
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Impact of COVID-19 on Global Oil Gas Storage Services Market Impact of COVID-19 on Global Oil Gas Storage Services Market Impact of COVID-19 on Global Oil Gas Storage Services Market
4. Executive Summary Executive Summary Executive Summary
5. Voice of Customer Voice of Customer Voice of Customer
6. Global Oil Gas Storage Services Market Outlook Global Oil Gas Storage Services Market Outlook Global Oil Gas Storage Services Market Outlook
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Service (Storage Service, Throughput, Ancillary Service) By Service (Storage Service, Throughput, Ancillary Service)
6.2.2. By Product Type (Crude Oil, Gasoline, Diesel, Jet Fuel, LPG, Heavy Fuel Oil (Residual), Other Distillates, Others)
6.2.3. By End User (Refinery, Merchant Traders, Distributors) By End User (Refinery, Merchant Traders, Distributors)
6.2.4. By Company (2019)
6.2.5. By Region (Asia-Pacific, Europe, North America, South America and Middle East Africa)
6.3. Product Market Map Product Market Map Product Market Map
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• Table of Contents

S. No. Contents Contents Contents Contents Contents Page No.
7. Asia-Pacific Oil Gas Storage Services Market Outlook Asia-Pacific Oil Gas Storage Services Market Outlook Asia-Pacific Oil Gas Storage Services Market Outlook Asia-Pacific Oil Gas Storage Services Market Outlook Asia-Pacific Oil Gas Storage Services Market Outlook
7.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
7.1.1. By Value By Value By Value
7.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
7.2.1. By Service By Service By Service
7.2.2. By Product Type By Product Type By Product Type
7.2.3. By End User By End User By End User
7.2.4. By Country (China, India, Japan, South Korea, Australia, Others) By Country (China, India, Japan, South Korea, Australia, Others) By Country (China, India, Japan, South Korea, Australia, Others)
7.3. Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis Asia-Pacific Country Analysis
7.3.1. China Oil Gas Storage Services Market Outlook China Oil Gas Storage Services Market Outlook China Oil Gas Storage Services Market Outlook
7.3.1.1. Market Size Forecast Market Size Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share Forecast Market Share Forecast
7.3.1.2.1. By Service
7.3.1.2.2. By Product Type
7.3.1.2.3. By End User
7.3.2. India Oil Gas Storage Services Market Outlook India Oil Gas Storage Services Market Outlook India Oil Gas Storage Services Market Outlook
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• Table of Contents

S. No. Contents Contents Contents Contents Contents Page No.
7.3.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share Forecast Market Share Forecast
7.3.2.2.1. By Service
7.3.2.2.2. By Product Type
7.3.2.2.3. By End User
7.3.3. Japan Oil Gas Storage Services Market Outlook Japan Oil Gas Storage Services Market Outlook Japan Oil Gas Storage Services Market Outlook
7.3.3.1. Market Size Forecast Market Size Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share Forecast Market Share Forecast
7.3.3.2.1. By Service
7.3.3.2.2. By Product Type
7.3.3.2.3. By End User
7.3.4. South Korea Oil Gas Storage Services Market Outlook South Korea Oil Gas Storage Services Market Outlook South Korea Oil Gas Storage Services Market Outlook
7.3.4.1. Market Size Forecast Market Size Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
7.3.4.1.1. By Value
7.3.4.2. Market Share Forecast Market Share Forecast
7.3.4.2.1. By Service
7.3.4.2.2. By Product Type
7.3.4.2.3. By End User
7.3.5. Australia Oil Gas Storage Services Market Outlook Australia Oil Gas Storage Services Market Outlook Australia Oil Gas Storage Services Market Outlook
7.3.5.1. Market Size Forecast Market Size Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share Forecast Market Share Forecast
7.3.5.2.1. By Service
7.3.5.2.2. By Product Type
7.3.5.2.3. By End User
7.3.6. Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook
7.3.6.1. Market Size Forecast Market Size Forecast
7.3.6.1.1. By Value
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S. No. Contents Contents Contents Contents Contents Page No.
7.3.6.2. Market Share Forecast Market Share Forecast
7.3.6.2.1. By Service
7.3.6.2.2. By Product Type
7.3.6.2.3. By End User
8. Europe Oil Gas Storage Services Market Outlook Europe Oil Gas Storage Services Market Outlook Europe Oil Gas Storage Services Market Outlook Europe Oil Gas Storage Services Market Outlook Europe Oil Gas Storage Services Market Outlook
8.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value By Value By Value
8.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Service By Service By Service
8.2.2. By Product Type By Product Type By Product Type
8.2.3. By End User By End User By End User
8.2.4. By Country (France, Germany, United Kingdom, Italy, Spain, Others) By Country (France, Germany, United Kingdom, Italy, Spain, Others) By Country (France, Germany, United Kingdom, Italy, Spain, Others)
8.3. Europe Country Analysis Europe Country Analysis Europe Country Analysis Europe Country Analysis
8.3.1. France Oil Gas Storage Services Market Outlook France Oil Gas Storage Services Market Outlook France Oil Gas Storage Services Market Outlook
8.3.1.1. Market Size Forecast Market Size Forecast
8.3.1.1.1. By Value
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S. No. Contents Contents Contents Contents Contents Page No.
8.3.1.2. Market Share Forecast Market Share Forecast
8.3.1.2.1. By Service
8.3.1.2.2. By Product Type
8.3.1.2.3. By End User
8.3.2. Germany Oil Gas Storage Services Market Outlook Germany Oil Gas Storage Services Market Outlook Germany Oil Gas Storage Services Market Outlook
8.3.2.1. Market Size Forecast Market Size Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share Forecast Market Share Forecast
8.3.2.2.1. By Service
8.3.2.2.2. By Product Type
8.3.2.2.3. By End User
8.3.3. United Kingdom Oil Gas Storage Services Market Outlook United Kingdom Oil Gas Storage Services Market Outlook United Kingdom Oil Gas Storage Services Market Outlook United Kingdom Oil Gas Storage Services Market Outlook
8.3.3.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.3.3.1.1. By Value By Value
8.3.3.2. Market Share Forecast Market Share Forecast Market Share Forecast
8.3.3.2.1. By Service
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S. No. Contents Contents Contents Contents Contents Page No.
8.3.3.2.2. By Product Type
8.3.3.2.3. By End User
8.3.4. Italy Oil Gas Storage Services Market Outlook Italy Oil Gas Storage Services Market Outlook Italy Oil Gas Storage Services Market Outlook
8.3.4.1. Market Size Forecast Market Size Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share Forecast Market Share Forecast
8.3.4.2.1. By Service
8.3.3.2.2. By Product Type
8.3.4.2.3. By End User
8.3.5. Russia Oil Gas Storage Services Market Outlook Russia Oil Gas Storage Services Market Outlook Russia Oil Gas Storage Services Market Outlook
8.3.5.1. Market Size Forecast Market Size Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share Forecast Market Share Forecast
8.3.5.2.1. By Service
8.3.5.2.2. By Product Type
8.3.5.2.3. By End User
8.3.6. Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook
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S. No. Contents Contents Contents Contents Contents Page No.
8.3.6.1. Market Size Forecast Market Size Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share Forecast Market Share Forecast
8.3.6.2.1. By Service
8.3.6.2.2. By Product Type
8.3.6.2.3. By End User
9. North America Oil Gas Storage Services Market Outlook North America Oil Gas Storage Services Market Outlook North America Oil Gas Storage Services Market Outlook North America Oil Gas Storage Services Market Outlook North America Oil Gas Storage Services Market Outlook
9.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
9.1.1. By Value By Value By Value
9.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
9.2.1. By Service By Service By Service
9.2.2. By Product Type By Product Type By Product Type
9.2.3. By End User By End User By End User
9.2.4. By Country (United States, Canada, Mexico, Others) By Country (United States, Canada, Mexico, Others) By Country (United States, Canada, Mexico, Others)
9.3. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
9.3.1. United States Oil Gas Storage Services Market Outlook United States Oil Gas Storage Services Market Outlook United States Oil Gas Storage Services Market Outlook
9.3.1.1. Market Size Forecast Market Size Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
9.3.1.1.1. By Value
9.3.1.2. Market Share Forecast Market Share Forecast
9.3.1.2.1. By Service
9.3.1.2.2. By Product Type
9.3.1.2.3. By End User
9.3.2. Canada Oil Gas Storage Services Market Outlook Canada Oil Gas Storage Services Market Outlook Canada Oil Gas Storage Services Market Outlook
9.3.2.1. Market Size Forecast Market Size Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share Forecast Market Share Forecast
9.3.2.2.1. By Service
9.3.2.2.2. By Product Type
9.3.2.2.3. By End User
9.3.3. Mexico Oil Gas Storage Services Market Outlook Mexico Oil Gas Storage Services Market Outlook Mexico Oil Gas Storage Services Market Outlook
9.3.3.1. Market Size Forecast Market Size Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share Forecast Market Share Forecast
9.3.3.2.1. By Service
9.3.3.2.2. By Product Type
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S. No. Contents Contents Contents Contents Contents Page No.
9.3.3.2.3. By End User
9.3.4. Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook
9.3.4.1. Market Size Forecast Market Size Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share Forecast Market Share Forecast
9.3.4.2.1. By Service
9.3.4.2.2. By Product Type
9.3.4.2.3. By End User
10. South America Oil Gas Storage Services Market Outlook South America Oil Gas Storage Services Market Outlook South America Oil Gas Storage Services Market Outlook South America Oil Gas Storage Services Market Outlook South America Oil Gas Storage Services Market Outlook
10.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.1.1. By Value By Value By Value
10.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
10.2.1. By Service By Service By Service
10.2.2. By Product Type By Product Type By Product Type
10.2.3. By End User By End User By End User
10.2.4. By Country (Brazil, Argentina, Colombia, Others) By Country (Brazil, Argentina, Colombia, Others) By Country (Brazil, Argentina, Colombia, Others)
10.3. South America Country Analysis South America Country Analysis South America Country Analysis South America Country Analysis
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• Table of Contents

S. No. Contents Contents Contents Contents Contents Page No.
10.3.1. Brazil Oil Gas Storage Services Market Outlook Brazil Oil Gas Storage Services Market Outlook Brazil Oil Gas Storage Services Market Outlook
10.3.1.1. Market Size Forecast Market Size Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share Forecast Market Share Forecast
10.3.1.2.1. By Service
10.3.1.2.2. By Product Type
10.3.1.2.3. By End User
10.3.2. Venezuela Oil Gas Storage Services Market Outlook Venezuela Oil Gas Storage Services Market Outlook Venezuela Oil Gas Storage Services Market Outlook
10.3.2.1. Market Size Forecast Market Size Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share Forecast Market Share Forecast
10.3.2.2.1. By Service
10.3.2.2.2. By Product Type
10.3.2.2.3. By End User
10.3.3. Colombia Oil Gas Storage Services Market Outlook Colombia Oil Gas Storage Services Market Outlook Colombia Oil Gas Storage Services Market Outlook
10.3.3.1. Market Size Forecast Market Size Forecast
10.3.3.1.1 By Value
10.3.3.2. Market Share Forecast Market Share Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
10.3.3.2.1. By Service
10.3.3.2.2. By Product Type
10.3.3.2.3. By End User
10.3.4. Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook
10.3.4.1. Market Size Forecast Market Size Forecast
10.3.4.1.1 By Value
10.3.4.2. Market Share Forecast Market Share Forecast
10.3.4.2.1. By Service
10.3.4.2.2. By Product Type
10.3.4.2.3. By End User
11. Middle East Africa Oil Gas Storage Services Market Outlook Middle East Africa Oil Gas Storage Services Market Outlook Middle East Africa Oil Gas Storage Services Market Outlook Middle East Africa Oil Gas Storage Services Market Outlook Middle East Africa Oil Gas Storage Services Market Outlook Middle East Africa Oil Gas Storage Services Market Outlook
11.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
11.1.1. By Value By Value By Value By Value
11.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
11.2.1. By Service By Service By Service
11.2.2. By Product Type By Product Type By Product Type
11.2.3. By End User By End User By End User
11.2.4. By Country (Saudi Arabia, South Africa, UAE, Others) By Country (Saudi Arabia, South Africa, UAE, Others) By Country (Saudi Arabia, South Africa, UAE, Others)
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S. No. Contents Contents Contents Contents Contents Page No.
11.3. Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis
11.3.2.1 Saudi Arabia Oil Gas Storage Services Market Outlook Saudi Arabia Oil Gas Storage Services Market Outlook Saudi Arabia Oil Gas Storage Services Market Outlook
11.3.1.1. Market Size Forecast Market Size Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share Forecast Market Share Forecast
11.3.1.2.1. By Service
11.3.1.2.2. By Product Type
11.3.1.2.3. By End User
11.3.2. UAE Oil Gas Storage Services Market Outlook UAE Oil Gas Storage Services Market Outlook UAE Oil Gas Storage Services Market Outlook
11.3.2.1. Market Size Forecast Market Size Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share Forecast Market Share Forecast
11.3.2.2.1. By Service
11.3.2.2.2. By Product Type
11.3.2.2.3. By End User
11.3.3. South Africa Oil Gas Storage Services Market Outlook South Africa Oil Gas Storage Services Market Outlook South Africa Oil Gas Storage Services Market Outlook
11.3.3.1. Market Size Forecast Market Size Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share Forecast Market Share Forecast
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S. No. Contents Contents Contents Contents Contents Page No.
11.3.3.2.1. By Service
11.3.3.2.2. By Product Type
11.3.3.2.3. By End User
11.3.4. Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook Others Oil Gas Storage Services Market Outlook
11.3.4.1. Market Size Forecast Market Size Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share Forecast Market Share Forecast
11.3.4.2.1. By Service
11.3.4.2.2. By Product Type
11.3.4.2.3. By End User
12. Market Dynamics Market Dynamics
12.1. Drivers Drivers Drivers Drivers
12.2. Challenges Challenges Challenges Challenges
13. Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments Market Trends Developments
14. Competitive Landscape Competitive Landscape Competitive Landscape Competitive Landscape Competitive Landscape
14.1. Competition Outlook Competition Outlook Competition Outlook Competition Outlook
14.2. Company Profiles (Top Market Players) Company Profiles (Top Market Players) Company Profiles (Top Market Players) Company Profiles (Top Market Players)
15. Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations Strategic Recommendations
16. About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer About Us Disclaimer
17
RESEARCH METHODOLOGY
18

• Research Methodology

Market Profiling
Data Analysis
Data Collection
Data Validation
Developing List of Respondents
Formulating Questionnaire
In-depth secondary research was conducted to
determine top players in the global oil gas
storage services market, overall market size and
segmental market size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about the global oil gas storage
services market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

19

• Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of the
  global oil gas storage services market. The
  team has analyzed the outlook of various segments
  of this market, while considering the major
  influencing factors such as increasing demand for
  oil gas, growing global exploration
  production, and expanding oil gas pipeline
  network. . The study includes market forecasting,
  which would enable our clients to take better
  decisions while planning their strategy to
  achieve sustainability in the global oil gas
  storage services market.
• Methodology Followed for Calculation of Market
  Size
• Market Size by Value Volume Market size, in
  terms of value volume, for the year 2019 was
  calculated based on information collected through
  exhaustive secondary research and primary
  surveys, with various key opinion
  leaders/stakeholders, such as manufacturers,
  suppliers, distributors, market influencers end
  users, industry experts, and other industry
  participants.
• The team interviewed more than 15 20 companies,
  100 120 end users, 15 20 industry experts and
  other value chain stakeholders in the global oil
  gas storage services market to obtain the
  overall market size from 2015 to 2019, which was
  validated by the Delphi technique. Taking
  standard deviation into consideration, the market
  size was averaged out, to arrive at the market
  size data during 2015-2019.

20

• Research Methodology

• Respondents were asked about the current and
  future market growth rates, market shares by
  service, by product type, by end user, by each
  region, and by company. Removing the outlier
  responses, the geometric mean of growth estimates
  and provider wise revenue shares generated across
  various segments were considered, to arrive at
  the final revenue shares. Revenue shares
  generated across various segments were further
  triangulated from other stakeholders.
• Methodology Followed for Calculation of Market
  Shares
• Market shares shares by service, by product type,
  by end user, by each region, and by company were
  calculated based on the responses received
  through primary surveys with industry experts, in
  which the respondents were asked about the market
  shares or revenue generated from various segments
  of oil gas storage services market. The final
  shares were calculated by taking the geometric
  mean of the responses gathered from key opinion
  leaders after eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logic
  checks and analyzed the survey results in
  SPSS/Tableau Software.
• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast global oil
  gas storage services market, TechSci Research
  used various forecast techniques such as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis

21

• Research Methodology

TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long term period to estimate
the demand and to reach accurate market numbers.
It should be noted that the figures compiled are
only for the organized market including market
share data. The currency used in the report is
the United States Dollar (USD), with the market
size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
Buckeye Partners, L.P. Magellan Midstream Partners, L.P. Oiltanking GmbH Royal Vopak Vitol Kinder Morgan, Inc. NuStar Energy L.P Odfjell SE International-Matex Tank Terminals (IMTT) Clean Harbors, Inc World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports News Dailies Credible Paid Databases
22

• Industry Brief

According to TechSci Research report, Global Oil
Gas Storage Services Market By Service, By
Product Type, By End User, By Region,
Competition, Forecast Opportunities, 2025,
the global oil gas storage services market is
forecast to surpass 1.34 billion by 2025 due to
increase in oil gas consumption coupled with
expanding oil and gas pipeline network, globally.
The global crude oil consumption stood at 99.97
million barrels per day in 2018 and increased to
100.75 million barrels per day in 2019. In 2020,
global crude consumption is expected to decline
to 95.52 million barrels per day by 2020, due to
the economic slowdown and stay-at-home order
implemented by various countries. The global oil
gas storage services market is categorized into
storage services, throughput services and
ancillary services, and the storage services
segment is expected to hold the largest share
until 2025 as it includes the fee paid to store
crude oil or petroleum products in storage space
in tanks and to compensate for handling up to a
fixed amount of product volume. Nevertheless, the
throughput and ancillary service are also
expected to grow as these segments includes
delivery and third party mixing and blending of
the products. The oil gas storage services
market can be bifurcated in crude oil, gasoline,
diesel, jet fuel, LPG, heavy fuel oil (residual),
other distillates others in terms of product
type. The crude oil segment holds largest share
in the market, accounting for around 48 in
2019. In terms of end users, the oil gas
storage services market is categorized into
refinery, merchant traders and distributors. The
refinery segment will be leading the market as
major part of the storage services market is
captured by refinery and majority of refined
products are stored in storage tanks in refinery
itself. Some of the major players operating in
the global oil gas storage service market are
Buckeye Partners L.P., Royal Vopak, Vitol,
Magellan Midstream Partners L.P., Oiltanking
GmbH, Kinder Morgan Inc., Nustar Energy L.P,
International Matex Tank Terminal, Clean Harbors
Inc., Odfjell SE, among others. Expanding oil
and gas pipeline network across the globe for
transferring crude oil petroleum products is
expected to positively influence the global oil
gas storage services market in the coming years.
Moreover, growing global population and
consumption rate of oil gas are anticipated to
fuel the market until 2025., said Mr. Karan
Chechi, Research Director with TechSci Research,
a research based global management consulting
firm. However, the global economic slowdown and
COVID19 outbreak poses a huge challenge that can
hamper the growth of market over the next couple
of years. Additionally, the rising adoption of
electric vehicles is the major restraint for the
global oil gas storage services market.
23

• Sample Data - Snapshot

Global Oil Gas Storage Services Market Size, By
Value (USD Million), 2015-2025F
CAGR By Value
CAGR By Value
YY
XX
North America Oil Gas Storage Services Market
Share, By Service, By Value, 20152025F
United States Oil Gas Storage Services Market
Share, By Product Type, By Value, 20152025F
24

• Report Ordering

Report Name GLOBAL OIL GAS STORAGE
SERVICES MARKET FORECAST OPPORTUNITIES 2015
2025
License Type Price
Single User License 4450
Multi-User License 5450
Custom Research License 9450
To View Sample OR Purchase Report  
25
About Us Disclaimer
TechSci Research is a global market research and
consulting company with offices in the US, UK and
India. TechSci Research provides market research
reports in number of areas to organizations. The
company uses innovative business models that
focus on improving productivity, while ensuring
creation of high-quality reports. The proprietary
forecasting models use various analyses of both
industry-specific and macroeconomic variables on
a state-by-state basis to produce a unique
bottom-up model of a country, regional and
global industry prospects. Combined with the
detailed analysis of company activity and
industry trends, the result is a uniquely rich
evaluation of the opportunities available in the
market.
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information generally available to the public
from sources believed to be reliable. No
representation is made that it is timely,
accurate or complete. TechSci Research has taken
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this has been obtained from various sources
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