Global Oil Storage Market to reach USD XX billion by 2027.Global Oil Storage Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.4 % over the forecast period 2021-2027. Oil Storage is storage of oil for Continuous increase in the energy outlook, with growing concern towards the fulfillment of emergency crude oil supply. Increasing energy production rate, requirement of additional oil storage capacity has led to the adoption of Oil Storage across the forecast period. For instance, as per the EIA, weekly U.S. field production of crude oil was 12,300 thousand barrels per day in June 2019 when compared to 8,592 thousand barrels per day in June 2014. Also, with the rise in demand due to rise in energy consumption, the adoption & demand for Oil Storage is likely to increase the market growth during the forecast period. However, initiatives towards alternative fuels impede the growth of the market over the forecast period of 2021-2027.

Global Oil Storage Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increase in extraction and adoption of shell oil technology in this region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate during the forecast period 2021-2027. Factors such as rapid urbanization and industrialization would create profitable growth prospects for the Oil Storage market across Asia-Pacific region.

Major market players included in this report are:
CST Industries
ZCL Composites, Inc.
Synder Industries
Denali Incorporated
Synalloy Corporation
LF Manufacturing
Superior Product Company, Inc.
Tianjin Anson International Co., Ltd.
Elixir
Roth Industries Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Reserve:
Strategic
Commercial
By Product:
Fixed Roof
Floating Roof
Spherical Roof
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Oil Storage Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors