Summary

Oil Storage Terminal Market Size, Share, and Analysis, By Type (Strategic Reserve and Commercial Reserve), By Tank Type (Fixed Roof, Floating Roof, Bullet Tank, and Spherical Tank), By Product (Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Oil Storage Terminal Market is anticipated to grow at a CAGR of 4.5% in the forecast period (2024-2034), with the market size valued at USD 32.6 billion in 2023 and projected to reach USD 53 billion by 2034.
Oil storage terminals are important infrastructures that are used for the temporary storage of crude oil, along with refined petroleum products and related substances. These facilities serve as crucial points in the oil supply chain, where oil products are received, stored, and distributed. In addition, oil storage terminals are typically situated near refineries or major transportation routes and have large storage tanks of different capacities to accommodate an enormous capacity of oil. They ensure a steady oil supply and act as buffers against disruptions or transportation delays. Besides, oil storage terminals streamline logistical operations by allowing the blending of different oil grades and providing centralized points for loading and unloading tanker trucks and ships. Furthermore, meeting safety and environmental standards is extremely important for these facilities to reduce risks and protect surrounding ecosystems and communities.

MARKET HIGHLIGHTS
Oil storage terminal market is anticipated to reach USD 53 billion, growing at a CAGR of 4.5% during the forecast period, driven by increasing global energy demand and rising crude oil production across oil-producing regions. The growth in the oil storage terminal market is attributed to geopolitical tensions and financial uncertainties in oil-producing regions which cause stockpiling of oil and gas resources and stimulate demand for storage terminals. In addition, severe regulations regarding environmental safety and storage standards are influencing the dynamics of the oil storage terminal market and attracting investments for upgrading or building new terminals. Moreover, technological developments such as automation and digitization are being increasingly integrated into terminal operations to improve efficiency and safety. Consequently, the oil storage terminals market provides lucrative opportunities for stakeholders, including terminal operators, engineering companies, and equipment suppliers.

Oil Storage Terminal Market Segments:
• By Type
o Strategic Reserve
o Commercial Reserve
• By Tank Type
o Fixed Roof
o Floating Roof
o Bullet Tank
o Spherical Tank
• By Product
o Diesel
o Petrol
o Aviation Fuel
o Crude Oil
o Kerosene
o Others

MARKET DYNAMICS
Growth Drivers
Rising Global Demand for Oil and Petroleum Products Will Boost Market Growth and Development
Expansion of Oil Refining and Distribution Infrastructure is Proving Beneficial for the Market
Restraint
Strict Environmental Regulations are Presenting a Problem for the Oil Storage Terminals Market

Key Players
• ExxonMobil Corporation
• Vopak
• BP plc
• Chevron Corporation
• Valero Energy Corporation
• Royal Dutch Shell plc
• Marathon Petroleum Corporation
• Phillips 66
• PBF Energy Inc.
• Buckeye Partners, L.P.
• Oiltanking GmbH
• Trafigura Group Ltd.
• Vitol Group
• Glencore International AG
• Mercuria Energy Group Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Oil Storage Terminal Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Oil Storage Terminal Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Oil Storage Terminal Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview of the world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porter's Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Oil Storage Terminal Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Oil Storage Terminal Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Strategic Reserve
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Commercial Reserve
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034
11.3.2. By Tank Type
11.3.2.1.Fixed Roof
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Floating Roof
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Bullet Tank
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Spherical Tank
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Product
11.3.3.1.Diesel
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Petrol
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Aviation Fuel
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Crude Oil
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Kerosene
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.6. Others
11.3.3.6.1.By Value (USD Million) 2024-2034F
11.3.3.6.2. Market Share (%) 2024-2034F
11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
12.North America Oil Storage Terminal Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Tank Type
12.3.3. By Product
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Oil Storage Terminal Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Tank Type
13.3.3. By Product
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Oil Storage Terminal Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Tank Type
14.3.3. By Product
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Oil Storage Terminal Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Tank Type
15.3.3. By Product
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Oil Storage Terminal Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Tank Type
16.3.3. By Product
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.ExxonMobil Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Vopak
18.3. BP plc
18.4. Chevron Corporation
18.5. Valero Energy Corporation
18.6. Royal Dutch Shell plc
18.7. Marathon Petroleum Corporation
18.8. Phillips 66
18.9. PBF Energy Inc.
18.10.Buckeye Partners, L.P.
18.11.Oiltanking GmbH
18.12. Trafigura Group Ltd.
18.13. Vitol Group
18.14.Glencore International AG
18.15. Mercuria Energy Group Ltd.
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation