Oil Storage Market : Future Demand, Market Analysis & Outlook to 2023

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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. Sub-
underground 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.

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
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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

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 RESEARCH
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
SECONDARY 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

RESEARCH APPROACHES- BOTTOM UP
RESEARCH APPROACHES- TOP-DOWN
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
 Accumulation of the regional/country market size (value and
volume)
 Global market size of material, type and product design
 Identifying key players in the oil storage market
 Segment revenue of the key players
 Country level market size by material, type and product
design (value and volume)
 Accumulation of the country level market size (value and
volume)
 Regional market size of oil storage and its material, type and
product design
Arriving at
Global Market Size
Market Share
of Key Players
Key Market
Players
Arriving at
Regional/Country
Market Size
BOTTOM-UP APPROACH
 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
 Regional market size of the oil storage market (value and
volume)
 Regional market size of material, type and product design
 % breakdown by market segments by material, type and
product design
 Value and volume for 2016 and 2023
 Global market size of oil storage market
 Value and volume for 2016 to 2023
Country
Level Market
Sizing
TOP-DOWN APPROACH
Market Segments
Global Market
Determine the
Regional Market
Size

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
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
PRIMARY SOURCES
 Top executives of end-use
industries
 Intermediaries
DemandSide
 C-level executives in the leading
manufacturing products of oil
storage.
 Product managers
 Sales managers
 Industry consultants
 Distributors/Suppliers
SupplySide
SECONDARY SOURCES
 Industry Publications
 Government Agencies' Publications
 Industry news
 Data sources
 Others
GeneralPublications
 Annual Reports
 Presentations
 Company Websites
 Press Releases
 News Articles
 Journals
 Paid Databases
Company
Publication
Infinium's
Data Bank/
Know How
Primary
Research
Secondary
Research
DATA TRIANGULATION &
INFORMATION SOURCES

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

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 2019 2020 2021 2022 2023
Value Volume

Global Oil Storage Market, CAGR (USD Mn) growth by regions (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
2017 2023
xxx.x
xxx.x
2017 2023
xxx.x
xxx.x
2017 2023
xxx.x
xxx.x

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RESTRAINTS OF OIL STORAGE MARKET, IMPACT ANALYSIS
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
DRIVERS
SHORT TERM
IMPACT
MID TERM
IMPACT
LONG TERM
IMPACT
Driver 1
Driver 2
Driver 3
HIGH MEDIUM LOW
RESTRAINTS
SHORT TERM
IMPACT
MID TERM
IMPACT
LONG TERM
IMPACT
Restraint 1
Restraint 2
HIGH MEDIUM LOW

 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
GLOBAL OIL STORAGE MARKET BY MATERIAL, 2016 - 2023 (REVENUE % SHARE)
Growth Rate
Market Size
Low High
Low
High
Opportunity Zone Consolidation Zone
Risky Zone Retention Zone
North America Europe
Asia-Pacific RoW

GLOBAL OIL STORAGE MARKET BY MATERIAL, 2015 - 2023 (MILLION CUBIC METER)
2023
Steel
Carbon Steel
Fiberglass
Reinforced Plastic
2016
2015 2016 2017 2023
Steel Carbon Steel Fiberglass Reinforced Plastic

GLOBAL STEEL MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
GLOBAL STEEL MARKET BY REGIONS, 2015 - 2023 (MILLION CUBIC METER)

GLOBAL CARBON STEEL MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
GLOBAL CARBON STEEL MARKET BY REGIONS, 2015 - 2023 (MILLION CUBIC METER)

GLOBAL FIBERGLASS REINFORCED PLASTIC MARKET BY REGION, 2016 - 2023 (REVENUE %
SHARE)
GLOBAL FIBERGLASS REINFORCED PLASTIC MARKET BY REGIONS, 2015 - 2023 (MILLION
CUBIC METER)

GLOBAL OIL STORAGE MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
GLOBAL OIL STORAGE MARKET BY REGION, 2015 - 2023 (MILLION CUBIC METER)

GLOBAL OIL STORAGE MARKET BY MATERIAL, 2016 - 2023 (REVENUE % SHARE)
2023
Steel
Carbon Steel
Fiberglass
Reinforced Plastic
2016

Company Profiling
Sunoco Logistics
Company Snapshot
Browse Detailed Description and Company Mentioned in this Report @
https://www.infiniumglobalresearch.com/energy-mining-infra/global-oil-storage-market
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
PRODUCT PORTFOLIO:
 Product 1
 Product 2
 Product 3
SWOT ANALYSIS:
STRENGHTS
 Sample text
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OPPORTUNITIES
 Sample text
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WEAKNESS
 Sample text
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THREATS
 Sample text
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Oil Storage Market : Future Demand, Market Analysis & Outlook to 2023

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