Oil Storage Market Size By Product (Fixed Roof, Floating Roof, Spherical), By End Use (Crude Oil, Gasoline, Aviation Fuel, Middle Distillates, LNG, LPG), COVID-19 Impact Analysis, Regional Outlook, Price Trends, Growth Potential, Competitive Market Outloo

Oil Storage Market Size By Product (Fixed Roof, Floating Roof, Spherical), By End Use (Crude Oil, Gasoline, Aviation Fuel, Middle Distillates, LNG, LPG), COVID-19 Impact Analysis, Regional Outlook, Price Trends, Growth Potential, Competitive Market Outlook & Forecast, 2022 - 2030

The global oil storage market size is projected to witness a commendable growth trajectory over 2022-2030, given the introduction of spending programs by energy companies to spur economic growth.

For example, oil refining and fuel marketing firms, ONGC and IOC, announced plans to make major investments in the fiscal year 2022-2023, as part of the Indian government’s efforts to boost supply-side economics.

Developed nations also have emerged as prominent traders of petroleum in recent years. According to the U.S. EIA’s statistics, for instance, the U.S. exported over 8.63 million b/d and imported over 8.47 million b/d of petroleum in 2021. This increased trading is likely to assert a positive influence on the development of oil storage containers across the country.

The oil storage industry is bifurcated in terms of product, end-use, and regional landscape.

Based on the product, the industry value from the spherical segment is slated to grow substantially over the next 8 years. In the United States, the level of natural gas supply has increased. This reliable energy supply is set to amplify spherical oil storage tank construction to store liquified natural gas. Spherical vessels are also utilized across the industry, owing to their capability to withstand high internal pressure and lesser size limitations, among other key attributes.

As per the end-use, the aviation fuel segment is projected to account for a major share of the oil storage market by 2030, due to the rapid globalization and rising air traffic. For example, ICAO’s recent analysis of global air traffic indicates signs of recovery from the COVID-19 crisis.

From January to April 2022, the number of air passengers surged by 65% as compared to the previous year, while flight departures rose by 30%. This gradual recovery in the aviation sector is likely to proliferate the adoption of aviation fuel storage tanks.

The market share from the LNG end-use segment is also anticipated to depict a high growth rate over 2022-2030. The paradigm shift from the consumption of fossil fuels including coal to natural gas in power plants for electricity generation is one of the major factors driving the demand for oil storage equipment. Additionally, the escalating reliance on low-carbon and clean energy sources to limit greenhouse gas emissions is expected to stimulate the development of LNG and other essential oil storage tanks.

From a regional frame of reference, the Latin American oil storage industry is set to exhibit a 5% growth rate through 2030. Soyabean oil prices have become increasingly volatile, with cash values in Brazil and Argentina achieving unprecedented levels. These issues will encourage refineries to expand their emergency oil stocks and in consequence, bolster the need for oil storage systems.

The oil storage industry in Middle East and Africa will also account for a considerable share of the global market by 2030, given the mounting production and export of crude oil. In addition, the stockpiling of oil and gas has witnessed an increase, further contributing to oil storage tank development across the region.


Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates and forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Oil storage industry 360 degree synopsis, 2018 - 2030
2.1.1 Business trends
2.1.2 Product trends
2.1.3 End use trends
2.1.4 Regional trends
Chapter 3 Oil Storage Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor Matrix
3.2 Regulatory landscape
3.2.1 U.S.
3.2.1.1 OSHA's Regulations for Above-Ground Storage Tanks
3.2.1.2 Underground Fuel Storage Tanks Regulations
3.2.1.3 Used Oil Recycling Regulations by U.S. Environmental Protection Agency (EPA)
3.2.1.4 API Standard 653 (API-653)-Tank Inspection, Repair, Alteration, and Reconstruction
3.2.1.4.1 Five-year program to API 653:
3.2.1.5 STI Standard SP001 (STI SP001)-Steel Tank Institute
3.2.1.6 Storage System Management: U.S. Dept of Homeland Security
3.2.1.7 Alaska Department of Environmental Conservation (DEC)
3.2.1.7.1 Spill Contingency Plans
3.2.1.8 California Fire Code Restrictions:
3.2.1.9 Indiana Department of Environmental Management
3.2.2 Europe
3.2.2.1 Council Directive 2009/119/EC
3.2.2.2 New Energy Security for storage legislation: European Commission
3.2.2.3 Netherlands
3.2.2.3.1 Netherlands National Petroleum Stockpiling Agency
3.2.2.3.2 PGS29:2016 - Directive for storage tanks
3.2.2.3.3 PGS30
3.2.2.3.4 Scrapping tanks
3.2.2.4 UK
3.2.2.4.1 Water Environment (Oil Storage) (Scotland) Regulations 2006 (CAR)
3.2.2.4.2 Planning Permission - Water Environment (Oil Storage) (Scotland) Regulations 2006
3.2.3 Asia
3.2.3.1 China
3.2.3.2 Singapore
3.2.3.2.1 P&FM storage License
3.2.3.3 Malaysia
3.2.3.3.1 Code of practice for the storage and handling of combustible and flammable liquids
3.2.4 South Africa
3.3 Strategic Petroleum Reserve capacity, by region, 2021
3.4 COVID- 19 impacts on the industry outlook
3.4.1 Overall view
3.5 Impact of Russia - Ukraine war on the industry
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Volatile crude oil prices
3.6.1.2 Increasing energy production rate & oil trade movement
3.6.1.3 Requirement of additional storage capacity
3.6.2 Industry pitfalls & challenges
3.6.2.1 Involvement of high capex in storage facility
3.7 Growth potential analysis
3.8 Porter's Analysis
3.8.1 Bargaining power of supplier
3.8.2 Bargaining power of buyer
3.8.3 Threat of new entrant
3.8.4 Threat of substitutes
3.9 Competitive landscape, 2022
3.9.1 Strategy dashboard
3.9.1.1 CST Industries
3.9.1.1.1 Product launch
3.9.1.1.2 Investment
3.9.1.1.3 Product Innovation
3.9.1.1.4 Expansion
3.9.1.2 NOV Inc
3.9.1.2.1 Collaboration
3.9.1.2.2 Acquisition
3.9.1.3 Roth Industries GmbH & Co. KG
3.9.1.3.1 Expansion
3.9.1.4 ERGIL
3.9.1.4.1 Contract Award
3.9.1.5 Royal Vopak
3.9.1.5.1 Expansion
3.9.1.5.2 Partnership
3.9.1.5.3 Contract
3.9.1.5.4 Investment
3.9.1.5.5 Agreement
3.9.1.6 SHAWCOR
3.9.1.6.1 Acquisition
3.10 PESTEL Analysis
Chapter 4 Oil Storage Market, By Product
4.1 Oil storage market share by product, 2021 & 2030
4.2 Fixed roof
4.2.1 Global market from fixed roof, 2018 - 2030
4.2.2 Global market from fixed roof, by region, 2018 - 2030
4.3 Floating roof
4.3.1 Global market from floating roof, 2018 - 2030
4.3.2 Global market from floating roof, by region, 2018 - 2030
4.4 Spherical
4.4.1 Global market from spherical, 2018 - 2030
4.4.2 Global market from spherical, by region, 2018 - 2030
4.5 Others
4.5.1 Global market from others, 2018 - 2030
4.5.2 Global market from others, by region, 2018 - 2030
Chapter 5 Oil Storage Market, By End Use
5.1 Oil storage market share by end use, 2021 & 2030
5.2 Crude oil
5.2.1 Global market from crude oil, 2018 - 2030
5.2.2 Global market from crude oil, by region, 2018 - 2030
5.3 Gasoline
5.3.1 Global market from gasoline, 2018 - 2030
5.3.2 Global market from gasoline, by region, 2018 - 2030
5.4 Aviation fuel
5.4.1 Global market from aviation fuel, 2018 - 2030
5.4.2 Global market from aviation fuel, by region, 2018 - 2030
5.5 Middle distillates
5.5.1 Global market from middle distillates, 2018 - 2030
5.5.2 Global market from middle distillates, by region, 2018 - 2030
5.6 LNG
5.6.1 Global market from LNG, 2018 - 2030
5.6.2 Global market from LNG, by region, 2018 - 2030
5.7 LPG
5.7.1 Global market from LPG, 2018 - 2030
5.7.2 Global market from LPG, by region, 2018 - 2030
Chapter 6 Oil Storage Market, By Region
6.1 Oil storage market share by region, 2021 & 2030
6.2 North America
6.2.1 North America market, 2018 - 2030
6.2.2 North America market by product, 2018 - 2030
6.2.3 North America market by end use, 2018 - 2030
6.2.4 U.S.
6.2.4.1 U.S. market, 2018 - 2030
6.2.4.2 U.S. market by product, 2018 - 2030
6.2.4.3 U.S. market by end use, 2018 - 2030
6.2.5 Canada
6.2.5.1 Canada market, 2018 - 2030
6.2.5.2 Canada market by product, 2018 - 2030
6.2.5.3 Canada market by end use, 2018 - 2030
6.2.6 Mexico
6.2.6.1 Mexico market, 2018 - 2030
6.2.6.2 Mexico market by product, 2018 - 2030
6.2.6.3 Mexico market by end use, 2018 - 2030
6.3 Europe
6.3.1 Europe market, 2018 - 2030
6.3.2 Europe market by product, 2018 - 2030
6.3.3 Europe market by end use, 2018 - 2030
6.3.4 Germany
6.3.4.1 Germany market, 2018 - 2030
6.3.4.2 Germany market by product, 2018 - 2030
6.3.4.3 Germany market by end use, 2018 - 2030
6.3.5 Netherlands
6.3.5.1 Netherlands market, 2018 - 2030
6.3.5.2 Netherlands market by product, 2018 - 2030
6.3.5.3 Netherlands market by end use, 2018 - 2030
6.3.6 Spain
6.3.6.1 Spain market, 2018 - 2030
6.3.6.2 Spain market by product, 2018 - 2030
6.3.6.3 Spain market by end use, 2018 - 2030
6.3.7 Belgium
6.3.7.1 Belgium market, 2018 - 2030
6.3.7.2 Belgium market by product, 2018 - 2030
6.3.7.3 Belgium market by end use, 2018 - 2030
6.4 Eurasia
6.4.1 Eurasia market, 2018 - 2030
6.4.2 Eurasia market by product, 2018 - 2030
6.4.3 Eurasia market by end use, 2018 - 2030
6.4.4 Russia
6.4.4.1 Russia market, 2018 - 2030
6.4.4.2 Russia market by product, 2018 - 2030
6.4.4.3 Russia market by end use, 2018 - 2030
6.4.5 Belarus
6.4.5.1 Belarus market, 2018 - 2030
6.4.5.2 Belarus market by product, 2018 - 2030
6.4.5.3 Belarus market by end use, 2018 - 2030
6.4.6 Kazakhstan
6.4.6.1 Kazakhstan market, 2018 - 2030
6.4.6.2 Kazakhstan market by product, 2018 - 2030
6.4.6.3 Kazakhstan market by end use, 2018 - 2030
6.4.7 Armenia
6.4.7.1 Armenia market, 2018 - 2030
6.4.7.2 Armenia market by product, 2018 - 2030
6.4.7.3 Armenia market by end use, 2018 - 2030
6.4.8 Kyrgyzstan
6.4.8.1 Kyrgyzstan market, 2018 - 2030
6.4.8.2 Kyrgyzstan market by product, 2018 - 2030
6.4.8.3 Kyrgyzstan market by end use, 2018 - 2030
6.5 CIS
6.5.1 CIS market, 2018 - 2030
6.5.2 CIS market by product, 2018 - 2030
6.5.3 CIS market by end use, 2018 - 2030
6.5.4 Azerbaijan
6.5.4.1 Azerbaijan market, 2018 - 2030
6.5.4.2 Azerbaijan market by product, 2018 - 2030
6.5.4.3 Azerbaijan market by end use, 2018 - 2030
6.5.5 Turkmenistan
6.5.5.1 Turkmenistan market, 2018 - 2030
6.5.5.2 Turkmenistan market by product, 2018 - 2030
6.5.5.3 Turkmenistan market by end use, 2018 - 2030
6.5.6 Uzbekistan
6.5.6.1 Uzbekistan market, 2018 - 2030
6.5.6.2 Uzbekistan market by product, 2018 - 2030
6.5.6.3 Uzbekistan market by end use, 2018 - 2030
6.6 Asia Pacific
6.6.1 Asia Pacific market, 2018 - 2030
6.6.2 Asia Pacific market by product, 2018 - 2030
6.6.3 Asia Pacific market by end use, 2018 - 2030
6.6.4 China
6.6.4.1 China market, 2018 - 2030
6.6.4.2 China market by product, 2018 - 2030
6.6.4.3 China market by end use, 2018 - 2030
6.6.5 Japan
6.6.5.1 Japan market, 2018 - 2030
6.6.5.2 Japan market by product, 2018 - 2030
6.6.5.3 Japan market by end use, 2018 - 2030
6.6.6 South Korea
6.6.6.1 South Korea market, 2018 - 2030
6.6.6.2 South Korea market by product, 2018 - 2030
6.6.6.3 South Korea market by end use, 2018 - 2030
6.6.7 Singapore
6.6.7.1 Singapore market, 2018 - 2030
6.6.7.2 Singapore market by product, 2018 - 2030
6.6.7.3 Singapore market by end use, 2018 - 2030
6.6.8 Malaysia
6.6.8.1 Malaysia market, 2018 - 2030
6.6.8.2 Malaysia market by product, 2018 - 2030
6.6.8.3 Malaysia market by end use, 2018 - 2030
6.6.9 Indonesia
6.6.9.1 Indonesia market, 2018 - 2030
6.6.9.2 Indonesia market by product, 2018 - 2030
6.6.9.3 Indonesia market by end use, 2018 - 2030
6.7 Middle East
6.7.1 Middle East market, 2018 - 2030
6.7.2 Middle East market by product, 2018 - 2030
6.7.3 Middle East market by end use, 2018 - 2030
6.7.4 UAE
6.7.4.1 UAE market, 2018 - 2030
6.7.4.2 UAE market by product, 2018 - 2030
6.7.4.3 UAE market by end use, 2018 - 2030
6.7.5 Saudi Arabia
6.7.5.1 Saudi Arabia market, 2018 - 2030
6.7.5.2 Saudi Arabia market by product, 2018 - 2030
6.7.5.3 Saudi Arabia market by end use, 2018 - 2030
6.7.6 Iran
6.7.6.1 Iran market, 2018 - 2030
6.7.6.2 Iran market by product, 2018 - 2030
6.7.6.3 Iran market by end use, 2018 - 2030
6.8 Africa
6.8.1 Africa market, 2018 - 2030
6.8.2 Africa market by product, 2018 - 2030
6.8.3 Africa market by end use, 2018 - 2030
6.8.4 Egypt
6.8.4.1 Egypt market, 2018 - 2030
6.8.4.2 Egypt market by product, 2018 - 2030
6.8.4.3 Egypt market by end use, 2018 - 2030
6.8.5 South Africa
6.8.5.1 South Africa market, 2018 - 2030
6.8.5.2 South Africa market by product, 2018 - 2030
6.8.5.3 South Africa market by end use, 2018 - 2030
6.9 Latin America
6.9.1 Latin America market, 2018 - 2030
6.9.2 Latin America market by product, 2018 - 2030
6.9.3 Latin America market by end use, 2018 - 2030
6.9.4 Brazil
6.9.4.1 Brazil market, 2018 - 2030
6.9.4.2 Brazil market by product, 2018 - 2030
6.9.4.3 Brazil market by end use, 2018 - 2030
6.9.5 Argentina
6.9.5.1 Argentina market, 2018 - 2030
6.9.5.2 Argentina market by product, 2018 - 2030
6.9.5.3 Argentina market by end use, 2018 - 2030
Chapter 7 Company Profiles
7.1 CST Industries
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.1.5 SWOT Analysis
7.2 Snyder Industries
7.2.1 Business Overview
7.2.2 Financial data
7.2.3 Product Landscape
7.2.4 SWOT Analysis
7.3 NOV Inc.
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 Strategic Outlook
7.3.5 SWOT Analysis
7.4 Ascent Industries Co.
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 SWOT Analysis
7.5 LF Manufacturing
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.5.5 SWOT Analysis
7.6 Superior Tank Co., Inc
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 SWOT Analysis
7.7 Tianjin Anson International Co., Ltd.
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 SWOT Analysis
7.8 ElixirPro Engineering Solutions Pvt. Ltd.
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 SWOT Analysis
7.9 Roth Industries GmbH & Co. KG
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.9.5 SWOT Analysis
7.10 ERGIL
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.10.5 SWOT Analysis
7.11 Royal Vopak
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.11.5 SWOT Analysis
7.12 Waterford Tank & Fabrication
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 SWOT Analysis
7.13 SHAWCOR
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.13.5 SWOT Analysis
7.14 T BAILEY, INC
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 SWOT Analysis
7.15 Fisher Tank Company
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings