OCEAN VIEW, Delaware,
October 25, 2016 /PRNewswire/ --
Oil Storage Market Size by Reserve (Commercial Reserve,
Strategic Reserves), by Material, by
Fuel (Crude Oil, Gasoline, Aviation Fuel, Middle Distillates, LNG,
LPG), Industry Analysis Report, Regional Outlook, Application
Potential, Price Trends, Competitive Market Share & Forecast,
2016 - 2025
Oil Storage Market size is expected to reach 2,298.3
million cubic meter by 2025, according to a new research report by
Global Market Insights, Inc.
(Logo:
http://photos.prnewswire.com/prnh/20160418/799556-a )
Low crude prices coupled with increasing production rate will
drive the global oil storage market size during the forecast
period. Commercial reserves accounted for over 20% of volume share
in 2015 owing to escalating petroleum product demand. Strategic
reserves are developed and maintained by countries to overcome the
emergency conditions and is anticipated to witness substantial
growth.
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@ https://www.gminsights.com/request-sample/detail/803
India is building underground
storage tank to store 5.33 MT crude in Padur, Vishakhapatnam and
Mangalore to overcome supply disruption and price shock in near
future. Carbon steel is favored for storing flammable liquids
because its operating temperature range. Revenue for 2015 was
valued over USD 3 billion and is
expected to rise over 5.5% by 2025.
Fiberglass Reinforced Plastic are corrosion resistant, light
weight and possess high strength to weight ratio and is estimated
to reach over USD 3 billion by 2025.
LNG commercial oil storage market size was valued at USD 1.9 billion in 2015 which is likely to be
reach 35 MCM by 2025. Rising demand for natural gas from industrial
and power sector will boost the demand for LNG storage.
Browse key industry insights spread across 170 pages with 308
market data tables & 10 figures & charts from the
report, "Oil Storage Market Size By Reserve
(Commercial Reserve, Strategic Reserve), By Material (Steel,
Carbon Steel, Fiberglass Reinforced Plastic), By Fuel (Crude Oil,
Gasoline, Aviation Fuel, Middle Distillates, LNG, LPG)
Industry Analysis Report, Regional Outlook (U.S.,
Canada, Mexico, Germany, Netherland, Spain, Belgium, Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan, Azerbaijan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, China, Japan,
South Korea, Singapore, UAE, Saudi Arabia, Iran, Egypt,
South Africa,
Brazil, Argentina), Application
Potential, Price Trends, Competitive Market Share & Forecast,
2016 - 2025"
in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oil-storage-market
Key insights from the report include:
1.Rising exploration and production of shale gas will drive the
U.S. oil storage market share. Mexico was valued over USD 370 million in 2015 and is likely to be reach
over 13 million m3 by 2025 in term of volume.
2.Azerbaijan oil storage market was over 3 million
m3 in 2015 and is anticipated to grow over 5%
during forecast period. Azerbaijan
has plan to develop storage capacity in Iran to meet the demand of crude during winter
season. The country is also planning to increase gas storage
capacity over 5 billion cubic meter.
3.Middle distillates demand was valued at 71 million
m3 in 2015 and is anticipated to grow over 3.4% by
2025.
4.UAE is expected to witness a growth over 4% in forecast
period. Adnoc, UAE entered an agreement with India to store its surplus crude oil into
strategic reserves. Steel tank was valued over USD 4 billion in 2015 and is predicted to grow
over 4% during forecast period.
5.Increasing crude demand from refiners will drive the
China oil storage market size from
2015 to 2025. LPG commercial reserve was valued at 16.1
million m3in 2015 and is expected to reach over 3.7% in
term of revenue by 2025.
6.Increasing oil production may favor the growth of Russia crude oil storage market share during
forecast period.
7.CST Industries, Inc, Synalloy (Palmer), Assmann Polyethylene
Tank, ZCL Composites, Inc, Containment Solution, Holvrieka, Vopak,
Poly Processing, Enduro, Tuffa Tank,
Snyder Industries, Inc., Belco Manufacturing Company, Red Ewald, Inc., Polymaster, Zepnotek Storage
Tank, L.F. Manufacturing are major industry companies.
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Oil storage market research report includes in-depth coverage of
the industry with estimates & forecast in terms of revenue
in USD billion and volume in million m3 from 2013 to
2025, for the following segments:
Global oil storage market by reserve
- Commercial Reserve
- Strategic Reserve
Global oil storage market by fuel
- Crude Oil
- Gasoline
- Aviation Fuel
- Middle Distillates
- LPG
- LNG
Global oil storage market by material
- Steel
- Carbon Steel
- Fiberglass Reinforced Plastic
The above information is provided on a regional and country
basis for the following:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Netherlands
- Spain
- Belgium
- Eurasia
- Russia
- Belarus
- Kazakhstan
- Armenia
- Kyrgyzstan
- CIS
- Azerbaijan
- Moldova
- Tajikistan
- Turkmenistan
- Ukraine
- Uzbekistan
- Asia Pacific
- China
- Japan
- South Korea
- Singapore
- Middle East
- UAE
- Saudi Arabia
- Iran
- Africa
- Egypt
- South Africa
- Latin America
- Brazil
- Argentina
Browse Related Reports:
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Report, Regional Outlook, Application Development Potential, Price
Trends, Competitive Market Share & Forecast, 2016 - 2024
https://www.gminsights.com/industry-analysis/oil-and-gas-analytics-market
- Advanced Energy Storage Systems Market Size By
Technology (Compressed Air, Flywheel, Molten Salt, Batteries,
Thermal), Industry Analysis Report, Regional Outlook, Application
Potential, Competitive Market Share & Forecast, 2015 -
2022
https://www.gminsights.com/industry-analysis/advanced-energy-storage-systems-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our
business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research
methodology and are available for key industries such as chemicals,
advanced materials, technology, renewable energy and
biotechnology.
Contact Us:
Jack Davis
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com