Press release

Oil Storage Market Analysis Focusing on Top Key Players – Vopak, Elixir, Denali, ZCL Composites, Roth, CST Industries, Superior Tank, Hydrotherm Engineering Services, Synalloy

Oil Storage Market Analysis Focusing on Top Key Players – Vopak, Elixir, Denali, ZCL Composites, Roth, CST Industries, Superior Tank, Hydrotherm Engineering Services, Synalloy

 

 
Market Study Report LLC recently introduced new title on “2018-2024 Global Oil Storage Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Volatile fossil fuel prices along with underperforming crude processing capacity and growing hydrocarbon production from countries including Nigeria, Iran and Libya will propel the oil storage market. According to Energy Information Administration (EIA), crude oil production increased by 42.3%in 2018 from 2017 level. The demand and supply gap, resulting in a global crude oil surplus will further fuel the industry landscape.

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Europe oil storage market is predicted to expand 2 % by 2024. Increasing inorganic growth venture activities among the giant players coupled with growing trade movement of crude oil and petroleum product will augment the business outlook. For instance, in 2017, Cr?dit Agricole Assurances acquired over 40% share of MSSFH, to gain market share in France.

Oil Storage Market is set to surpass 1.2 bcm by 2024. Growing spending toward development of storage facilities from petrochemical and refineries to fulfil the increased demand for refined products will drive oil storage Market. For Instance, Klaip?da terminal announced to construct six refined storage facilities of 20,000 cubic meters capacity with the investment of USD 42.9 million in 2017.Increasing focus toward construction and renovation of refinery units will further stimulate the business outlook.

Ongoing development of unconventional hydrocarbon resources coupled with abundant O&G reserves will fuel the U.S. oil storage market. In 2017, According to EIA, oil production from unconventional reserves contributed for more than 50% of the U.S. crude production in 2017.

Aviation fuel accounted for more than 10% of the global oil storage market in 2017. Growing transportation sector with several regional connectivity schemes including UDAN will augment the business outlook. For instance, in 2017, over 3 billion passengers/year travel by commercial planes worldwide.

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Floating roof tank market is anticipated to gain over 3% by 2024. These are used to store low and medium flash point liquids including crude, aviation fuel and other middle distillates. Ability to offer lower particulate matter emissions and reduce petroleum product losses will enhance the product penetration.
Major players across the industry include Waterford Tank & Fabrication, Roth, CST Industries, Sri Ranga Industries, Superior Tank, L.F. Manufacturing, Hydrotherm Engineering Services, Vopak, Elixir, Tianjin Anson International Company, ZCL Composites, Synalloy (Palmer), Denali and Ergil.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimation & 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, 2013 - 2024
2.1.1. Business trends
2.1.2. Reserve trends
2.1.3. Product trends
2.1.4. End Use trends
2.1.5. Regional Trends

Chapter 3. Oil Storage Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (Million Cubic Meter)
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.4. Innovation & sustainability
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. Asia Pacific
3.5.3.1. China
3.5.3.2. Singapore
3.5.3.3. Malaysia
3.5.4. South Africa
3.6. Strategic Petroleum Reserve capacity for leading countries, 2016
3.7. Crude oil trade, 2015 & 2016 (Import & Export)
3.7.1. U.S.
3.7.2. Canada
3.7.3. Mexico
3.7.4. Russia
3.7.5. Kuwait
3.7.6. Saudi Arabia
3.7.7. UAE
3.7.8. Australia
3.7.9. China
3.7.10. India
3.7.11. Japan
3.7.12. Singapore
3.8. Oil storage utilization rate,2017
3.8.1. U.S.
3.8.2. China
3.8.3. Japan
3.9. Global crude oil demand supply analysis
3.10. Product Assortment
3.10.1. Storage facility
3.10.2. Customization
3.10.3. EPC contracting
3.10.4. Materials of construction
3.10.5. Pricing policy
3.11. Key customer requirements
3.11.1. Importance of customer requirements (1 - low, 5 - high)
3.12. Customer group requirement
3.12.1. Importance of customer requirements (1 - low, 5 - high)
3.13. Cost structure analysis
3.14. Entry barrier
3.14.1. Importance of Entry Barriers (1 - low, 5 - high)
3.15. Industry impact forces
3.15.1. Growth drivers
3.15.1.1. Global
3.15.1.1.1. Low crude oil prices
3.15.1.2. North America
3.15.1.2.1. Increasing energy production rate
3.15.1.3. Middle East & Africa
3.15.1.3.1. Ongoing expenditure toward O&G projects
3.15.1.4. Asia Pacific
3.15.1.4.1. Requirement of additional oil storage capacity
3.15.1.5. Europe
3.15.1.5.1. Increasing oil product trade movement
3.15.2. Industry pitfalls & challenges
3.15.2.1. Involvement of high capex in E&P
3.16. Growth potential analysis
3.17. Porter's analysis
3.18. Competitive landscape
3.18.1. Strategy dashboard
3.18.2. Company market share
3.18.3. Competitive advantage
3.18.4. Industry level concentration
3.19. PESTEL analysis

Chapter 4. Oil Storage Market, By Reserve
4.1. Oil storage market share by reserve, 2017 & 2024
4.2. Strategic
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024

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