Global Oil Storage Market Is Expected To Exhibit A Healthy CAGR Of 4.78% for the Forecast Period Of 2019 To 2027 Key Highlights Transparency Market Research has published a new report that provides detailed information about the overall working dynamics of the global oil storage market. According to the research report, the global oil storage market is expected to exhibit a healthy CAGR of 4.78% for the forecast period of 2019 to 2027. The volume sale of the market was at around 1,581 million cubic meters in 2018. With the given rate of growth, the global oil storage market is expected to achieve the volume of 2,407 million cubic meters by the fall of 2027. Key Driver of the Global Oil Storage Market Increasing demand of refined products such as gasoline, diesel, kerosene, and aviation turbine fuel is likely to drive the demand for global oil storage terminals. The rising number of automobile sales especially in developing economies such as China, India, and Brazil would be a key factor for the growth in the demand for diesel and gasoline. Moreover, growing construction industry and industrial segment in developing and under-developed economies is likely to boost the demand for diesel in near future. Growing aviation sector and domestic & international air traffic would result in an increase in demand for aviation turbine fuel across the globe. Thus, in order to meet growing demand for petroleum products the investment in their production and storage is also growing, which in turn would drive the oil storage market during the forecast period. Request PDF Brochure@
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id =2421 Lower crude oil prices and increasing demand for petroleum products has resulted in a surge in investment for crude oil refineries across the globe. Moreover, existing refiners are investing heavily to upgrade their oil storage infrastructure in order to take advantage of the price movement in crude oil market. Governments across the globe are also