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    Oil Storage Market | Covid-19 Impact Analysis

    Oil Storage Market | Covid-19 Impact Analysis

    Oil Storage Market | Covid-19 Impact Analysis
    Report code - SROG139 Delivery - 2 Weeks
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    Oil Storage Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026 See more...
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    Impact of COVID-19 on Oil Storage Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Oil Storage Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Oil Storage Market Insights

    Oil storage market is likely to witness a steady CAGR of 3.1% during the forecast period. Rising global energy demand and increasing adoption of new technologies are contributing to the surge in demand for oil storage systems, which in turn, is driving the market.

    Oil Storage Market - Snapshot

    Growth

    3.1% for the next five years

    Fastest-Growing Product Type Segment

    Floating Roof

    Fastest-Growing Reserve Type Segment

    Commercial

    Largest Region

    North America

    Key Players

    Synder, Denali, ZCL Composites, Superior Tank Company, L.F. Manufacturing, Vopak, Elixir, Roth industries, Ergil, Waterford Tank & Fabrication, Tianjin Anson International Company.

     

    Market Share Analysis

    Oil-Storage-Market-Dominant-Segments

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    Oil Storage Market Share: By Product Type

    Based on product type, the oil storage market is segmented as fixed roof, floating roof, spherical, and Others. The floating roof segment is estimated to grow with the highest CAGR during the forecast period owing to increasing demand for low & medium flash point hydrocarbon related products.

    Oil Storage Market Share: By Reserve Type

    Based on the reserve type, the oil storage market is segmented as strategic reserve and commercial reserve. The commercial reserve segment is estimated to grow with the highest CAGR during the forecast period, driven by incessant soaring petroleum product demand on account of increasing urbanization.

    Oil Storage Market Share: By Region

    In terms of regions, North America is estimated to be the largest market for oil storage during the forecast period. Government and authority’s positive outlook towards expansion of oil refining capabilities in the United States drives the oil storage market in the region. Europe and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.

    Oil-Storage-Market-Segmentation

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    Some of the major market players are-

    • Synder
    • Denali
    • ZCL Composites
    • Superior Tank Company
    • L.F. Manufacturing
    • Vopak
    • Elixir
    • Roth industries
    • Ergil
    • Waterford Tank & Fabrication
    • Tianjin Anson International Company.

     

    Market Scope & Segmentation

    Oil storage are the set ups using tanks and terminals to store produce oil above or below the ground.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Oil Storage Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    24

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The oil storage market is segmented into the following categories. 

    Oil Storage Market Size, Share, & Forecast, by Reserve Type:

    • Strategic Reserve (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Commercial Reserve (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)

    Oil Storage Market Size, Share, & Forecast, by Product Type:

    • Fixed Roof (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Floating Roof (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Spherical (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)

    Oil Storage Market Size, Share, & Forecast, by End-Use Type:

    • Crude Oil (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Gasoline (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Aviation Fuel (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • Middle Distillates (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • LNG (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)
    • LPG (Regional Analysis: North America, Europe, Asia-Pacific, South America and The Middle East & Africa)

    Oil Storage Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • South America (Country Analysis: Brazil, Argentina, and Rest of South America)
    • The Middle east & Africa (Sub-Region Analysis: the Middle East, and Africa)

    Oil-Storage-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Oil Storage Market in the foreseeable future?

    The oil storage market is expected to witness an impressive growth of 3.1% CAGR in the foreseeable future.

    Who are the key players in the Oil Storage Market?

    Synder, Denali, ZCL Composites, Superior Tank Company, L.F. Manufacturing, Vopak, Elixir, Roth industries, Ergil, Waterford Tank & Fabrication, and Tianjin Anson International Company are among the key players in the Oil Storage Market.

    Which region is expected to be the largest Oil Storage Market?

    North America is expected to be the largest oil storage market during the next five years.

    Which product type is expected to grow with the highest CAGR in the Oil Storage Market?

    The floating roof segment is estimated to grow with the highest CAGR in the Oil Storage Market in the coming years.

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