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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Š Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Introduction Report Description The Global Oil Storage Market was sized near USD X.X billion in 2016. The global oil storage market is projected to grow with a CAGR of 4.2% during 2017-2023 in terms of value. Production, refining, and distribution of petroleum products require many different types and sizes of storage tanks. Oil storage is a container where oil is stored. Oil storage is a process of collecting products before being distributed to refineries and retailers. Oil storage tanks vary in capacity and design. Early storage tanks were built of wood and metal bands that basically formed large barrels. As technology advanced, storage tanks increased in size and capacity are available for storing oil safely. There are different ways of storing oil such as on the surface, underground or they are made up of metal and concrete. Subunderground storage of oil constructed in rock salt deposits are of great importance as they provide inter-seasonal storage of petroleum products such as gasoline, diesel fuel, and kerosene. This report estimates the market size of oil storage market in terms of value (USD million) and volume (Million Cubic Meter) over the period of 2015 to 2023. The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for oil storage market in numerous application is estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analysis of the global oil storage market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of oil storage market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Š Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Oil Storage market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global oil storage market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE OIL STORAGE MARKET SEGMENTATION

OIL STORAGE MARKET

Material  Steel  Carbon Steel  Fiberglass Reinforced Plastic

Type       

Crude Oil Gasoline Aviation Fuel Naphtha Diesel Kerosene LPG

Product Design    

Open Top Fixed Roof Floating Roof Others

Region    

North America Europe Asia Pacific RoW

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report on global oil storage market covers segments such as material, type, product design and by region. The material segments include steel, carbon steel, and fibreglass reinforced plastic (FRP). On the basis of type the global oil storage market is categorized into crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene, and LPG. Furthermore, on the basis of product design the oil storage market is segmented as open top, fixed roof, floating roof, and others. Research Methodology Methodology

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Oil Storage market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline

Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

Market Share of Key Players

Key Market Players

Arriving at Regional/Country Market Size

Accumulation of the country level market size (value and volume) Regional market size of oil storage and its material, type and product design

 

Segment revenue of the key players Country level market size by material, type and product design (value and volume)

Identifying key players in the oil storage market

Accumulation of the regional/country market size (value and volume) Global market size of material, type and product design

RESEARCH APPROACHES- TOP-DOWN Global Market

Market Segments

 

Global market size of oil storage market Value and volume for 2016 to 2023

% breakdown by market segments by material, type and product design Value and volume for 2016 and 2023

Determine the Regional Market Size

Country Level Market Sizing

Regional market size of the oil storage market (value and volume) Regional market size of material, type and product design Country level market size of the oil storage market in every region (value and volume) Country level market size of material, type and product design in every region

TOP-DOWN APPROACH

The study on global oil storage market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million and volume in million cubic meter. Furthermore, the research covers the analysis of the various segments in the global © Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

oil storage market. The estimates in the global oil storage market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of oil storage market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the material, type and product design.

IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES

Infinium's Data Bank/ Know How

 Top executives of end-use industries  Intermediaries

 C-level executives in the leading manufacturing products of oil storage.  Product managers  Sales managers  Industry consultants  Distributors/Suppliers

Industry Publications Government Agencies' Publications Industry news Data sources Others

      

Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases

Secondary Research

DATA TRIANGULATION & INFORMATION SOURCES

Company Publication

Supply Side

Primary Research

    

General Publications

Demand Side

PRIMARY SOURCES

The market size of oil storage is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the oil storage market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the oil storage market but also © Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the oil storage market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of oil storage. With the help of primary interviews and secondary research the market size of oil storage is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of oil storage in the world market. Executive Summary Global Oil Storage Market Highlights, (USD Million) The global Oil Storage market is expected to grow at a CAGR of 4.2 % between 2017 and 2023 in terms of value. Increase in oil production has encouraged the suppliers to improve their organization to produce large quantity of oil. Need for mega refining hub and also the decrease in the crude oil prices is expected to be the driving factor for the growth of oil storage market. Moreover, improved distribution facilities, and increase in import of oils are likely to further drive the growth in the global oil storage market. However, decline in exploration and drilling activities and decrease in production investment by leading crude oil companies are likely to restrain the growth of the market. Moreover, emergence of liquefied natural gas is expected to be the key opportunity for the players in the oil container market. Among the types the global oil storage market was dominated by crude oil storages owing to significant import and export of crude oil worldwide. Furthermore, owing to rapid infrastructure developments in emerging markets and rising demand for diesel is likely to augment the growth in the market at a swifter rate over the forecast period. Among the product designs fixed roof designs accounted for the largest market share of more than 4X% in 2016 and it is anticipated to dominate the world market for oil storage. The growth in this segment is primarily driven by the benefits associated with fixed roof Š Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

designs such as minimization of risk of fire and high capacity utilization. On the other hand, growing emphasis on minimization of corrosion and restricting the losses due to evaporation are likely to drive the growth in the floating roof design segment, as a result this segment is projected to grow at the highest CAGR over the forecast period. The leading players in the global oil storage market include Sunoco Logistics, Containment Solutions, Belco Manufacturing Company, L.F. Manufacturing, Columbian Steel Tank, Zcl Composites, Poly Processing, Oiltanking Gmbh, Red Ewald, Inc., and Synalloy Corporation. GLOBAL OIL STORAGE MARKET, 2015 – 2023 (USD MILLION, MILLION CUBIC METER)

2015

2016

2017

2018

Value

Š Infinium Global Research

2019

2020

2021

2022

2023

Volume

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Global Oil Storage Market, CAGR (USD Mn) growth by regions (2017 – 2023)

xxx.x xxx.x

2017

2023

xxx.x

xxx.x xxx.x

xxx.x

2017

2023

2017

2023

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. Market Overview & Competitiveness DRO Analysis DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global oil storage market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the oil storage market. Drivers refer to the factors that are expected to drive or boost the market size or demand for oil storage. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of oil storage market both in short run and long run. DRIVERS OF OIL STORAGE MARKET, IMPACT ANALYSIS © Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Driver 1 Driver 2 Driver 3

HIGH

MEDIUM

LOW

Get 15% discount for early purchase of Global Oil Storage Market report by clicking the following link, Use code IGRD15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/935

RESTRAINTS OF OIL STORAGE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

RESTRAINTS

MID TERM IMPACT

LONG TERM IMPACT

Restraint 1

Restraint 2

HIGH

MEDIUM

LOW

IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

 Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

High North America

Europe

Asia-Pacific

RoW

GLOBAL OIL STORAGE MARKET BY MATERIAL, 2016 - 2023 (REVENUE % SHARE) © Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

2023

2016

Steel

Carbon Steel

Fiberglass Reinforced Plastic

GLOBAL OIL STORAGE MARKET BY MATERIAL, 2015 - 2023 (MILLION CUBIC METER)

2015

2016 Steel

© Infinium Global Research

2017 Carbon Steel

2023

Fiberglass Reinforced Plastic

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL STEEL MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)

GLOBAL STEEL MARKET BY REGIONS, 2015 - 2023 (MILLION CUBIC METER)

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL CARBON STEEL MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)

GLOBAL CARBON STEEL MARKET BY REGIONS, 2015 - 2023 (MILLION CUBIC METER)

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL FIBERGLASS REINFORCED PLASTIC MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)

GLOBAL FIBERGLASS REINFORCED PLASTIC MARKET BY REGIONS, 2015 - 2023 (MILLION CUBIC METER)

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL OIL STORAGE MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)

GLOBAL OIL STORAGE MARKET BY REGION, 2015 - 2023 (MILLION CUBIC METER)

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL OIL STORAGE MARKET BY MATERIAL, 2016 - 2023 (REVENUE % SHARE) 2016

2023

Steel

Carbon Steel

Fiberglass Reinforced Plastic

© Infinium Global Research

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Oil Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Company Profiling Sunoco Logistics Company Snapshot

Sunoco Logistics CONTACT DETAILS: Address: 3807 West Chester Pike Newtown Square, PA 19073 United States Tele: 866-248-4344 Website: http://www.sunocologistics.com

KEY FEATURES: No. of Employees: xx No. of countries of operation: xx

SWOT ANALYSIS: STRENGHTS  Sample text  Sample text

OPPORTUNITIES  Sample text  Sample text

WEAKNESS  Sample text  Sample text

THREATS  Sample text  Sample text

PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-oil-storage-market

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Oil Storage Market Revenue, Opportunity, Segment and Key Trends 2017-2023  

The report on global oil storage market is an in depth analysis of the segments and sub-segments in the oil storage market. The report provi...

Oil Storage Market Revenue, Opportunity, Segment and Key Trends 2017-2023  

The report on global oil storage market is an in depth analysis of the segments and sub-segments in the oil storage market. The report provi...

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