UAE Oil Storage Terminal Market Size– By Type, By Tank Type, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
UAE Oil Storage Terminal Market Introduction and Overview
According to SPER Market Research, ‘UAE Oil Storage Terminal Market Size – By Type, By Tank Type, By Product – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the UAE Oil Storage Terminal Market is estimated to reach USD 642.08 million by 2033 with a CAGR of 3.17%.
A structure used to store refined petroleum products including jet fuel, diesel and petrol is called an oil storage terminal. In order to provide a consistent and dependable flow of energy supplies to fulfil domestic and international demand, these terminals play a crucial role in the oil supply chain. Oil storage terminals are essential for promoting economic expansion, preserving energy security, and easing international trade.
Many countries around the world consider the oil and gas industry to be critical, and as a result, lockdown measures have rarely been implemented. The emergence of Covid-19 has posed a severe threat to the global oil and gas industry. Globally, China and India are the two major importers of petrol and oil. However, the COVID-19 pandemic has resulted in a significant reduction in these countries’ demand for petrol and oil.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Tank Type, By Product
Regions covered Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al Khaimah, Fujairah
Companies CoveredVTTI, GPS Chemoil, Brooge Energy Limited, Royal Vopak, GP Global, Horizon Terminals.
UAE Oil Storage Terminal Market Segmentation:
By Type:Based on the Type, UAE Oil Storage Terminal Market is segmented as; Strategic Reserve, Commercial Reserve.
By Tank Type: Based on the Tank Type, UAE Oil Storage Terminal Market is segmented as; Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank.
By Product:Based on the Product Type, UAE Oil Storage Terminal Market is segmented as; Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, Others.
By Region:This research also includes data for Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al Khaimah, Fujairah.