Oil Storage Market Growth, Demand and Challenges of the Key Industry Players 2024-2032

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Global Oil Storage Market Research and Forecast
Report 2024-2032

• Format PDFEXCEL

2023 IMARC All Rights Reserved
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About IMARC Group

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Report Highlight and Description

• According to the latest report by IMARC Group,
  titled "Oil Storage Market Global Industry
  Trends, Share, Size, Growth, Opportunity and
  Forecast 2024-2032," the global oil storage
  market size reached US 9.7 Billion in 2023.
• Factors Affecting the Growth of the Oil Storage
  Industry
• Rising Global Oil Demand
• One of the primary factors driving the growth of
  the oil storage market is the escalating global
  demand for oil. As economies around the world
  continue to expand, the demand for oil in sectors
  such as transportation, industrial activities,
  and energy production intensifies. This surge in
  demand necessitates robust infrastructure for the
  storage of crude oil and its derivatives to
  ensure stable supply chains and to manage
  stockpiles for energy security.
• Oil storage facilities play a critical role in
  balancing market supply and demand, allowing
  countries to stockpile large quantities of oil,
  thus safeguarding against price volatility and
  supply disruptions. Additionally, strategic
  petroleum reserves are maintained by several
  countries as a buffer against geopolitical
  tensions or natural disasters that might disrupt
  oil supplies, further underscoring the importance
  of expanding oil storage capabilities.

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Report Highlight and Description

• Global Cuisine Influence
• Governments worldwide are increasingly focusing
  on energy security, which in turn drives the
  expansion of oil storage facilities. Many
  countries mandate the creation and maintenance of
  strategic petroleum reserves (SPR) as a national
  security measure to counter oil supply
  disruptions. This is particularly pertinent in
  regions with limited domestic oil production or
  those prone to geopolitical tensions.
• For example, the U.S. Department of Energy
  maintains a series of heavily-guarded underground
  storage tanks in strategic locations. These
  reserves not only provide a cushion during
  periods of oil shortages but also help in
  stabilizing oil prices in the global markets
  during supply shocks. As geopolitical instability
  continues to affect global oil supply chains, the
  importance and necessity of these strategic
  reserves are likely to increase, pushing further
  development in oil storage infrastructure.
• Technological Advancements
• Technological advancements in storage solutions
  are significantly influencing the oil storage
  market. Innovations such as floating roof tanks,
  which reduce the evaporation losses of stored oil
  products, and advanced materials that extend the
  life and safety of storage tanks, are key factors
  driving market growth.

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Report Highlight and Description

• Additionally, the integration of automation and
  real-time monitoring systems in oil storage
  facilities enhances operational efficiency and
  safety by providing precise measurements and
  timely data. These technologies also help in
  adhering to stringent environmental regulations
  by preventing oil leaks and reducing the risk of
  spills. As the oil industry continues to evolve
  with stricter regulatory mandates and higher
  operational safety standards, the demand for
  these advanced and efficient storage solutions is
  expected to grow, further stimulating the
  development of the oil storage industry.
• Request for a PDF sample of this report
  https//www.imarcgroup.com/oil-storage-market/requ
  estsample

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Report Description

• Global Oil Storage Market Trends
• Emerging economies in Asia, Africa, and South
  America are experiencing rapid industrialization
  and urbanization, leading to increased demand for
  oil. Countries such as China and India are
  significantly investing in building oil storage
  facilities to secure their energy needs and
  manage imports and exports efficiently. Besides,
  advancements in technology are profoundly
  influencing the oil storage market.
• Modern storage facilities are incorporating
  advanced technologies such as automation, IoT
  (Internet of Things), and real-time data
  monitoring to enhance operational efficiency and
  safety. These technologies enable precise control
  over oil storage operations, minimizing human
  error and maximizing cost-efficiency.
• View Report TOC, Figures and Tables
  https//www.imarcgroup.com/oil-storage-market

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Report Segmentation

• Breakup by Material
• Steel
• Carbon Steel
• Fiberglass Reinforced Plastic (FRP)
• Others
• Breakup by Product
• Open Top
• Fixed Roof
• Floating Roof
• Others
• Breakup by Application
• Crude Oil
• Middle Distillates

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Report Segmentation

• Gasoline
• Aviation Fuel
• Others
• Breakup by Region
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Competitive Landscape with Key Players

• Buckeye Partners L.P.
• CST Industries Inc.
• Denali Incorporated (National Oilwell Varco Inc.)
• Energy Transfer LP
• L.F. Manufacturing
• Oiltanking GmbH (Marquard Bahls)
• Royal Vopak N.V.
• Shawcor Ltd.
• Synalloy Corporation
• Snyder Industries LLC
• VTTI B.V.
• Ziemann Holvrieka GmbH.

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Key Questions Answered in the Report
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Key Questions Answered in the Report
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Table of Contents

• 1    Preface2    Scope and Methodology    2.1  
   Objectives of the Study    2.2  
   Stakeholders    2.3    Data Sources       
  2.3.1    Primary Sources        2.3.2  
   Secondary Sources    2.4    Market Estimation 
        2.4.1    Bottom-Up Approach        2.4.2  
   Top-Down Approach    2.5    Forecasting
  Methodology3    Executive Summary4  
   Introduction    4.1    Overview    4.2    Key
  Industry Trends5    Global Oil Storage Market 
    5.1    Market Overview    5.2    Market
  Performance    5.3    Impact of COVID-19  5.4
     Market Forecast
• 6     Market Breakup by Material
• 6.1 Steel
• 6.1.1 Market Trends
• 6.1.2 Market Forecast
• 6.2 Carbon Steel
• 6.2.1 Market Trends
• 6.2.2 Market Forecast
• 6.3 Fiberglass Reinforced Plastic (FRP)
• 6.3.1 Market Trends
• 6.3.2 Market Forecast       

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Table of Contents

• 6.4 Others
• 6.4.1 Market Trends
• 6.4.2 Market Forecast
• 7 Market Breakup by Product
• 7.1 Open Top
• 7.1.1 Market Trends
• 7.1.2 Market Forecast
• 7.2 Fixed Roof
• 7.2.1 Market Trends
• 7.2.2 Market Forecast
• 7.3 Floating Roof
• 7.3.1 Market Trends
• 7.3.2 Market Forecast
• 7.4 Others
• 7.4.1 Market Trends
• 7.4.2 Market Forecast
• 8 Market Breakup by Application
• 8.1 Crude Oil
• 8.1.1 Market Trends

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Partial List of Clients
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Partial List of Clients
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