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Asia Pacific Oil Storage Market Share

Report ID: GMI5682
Published Date: May 2023
Report Format: PDF

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Asia Pacific Oil Storage Market Share

The major players are emphasizing on collaborative facility developments to improve access to refined oil and reinforce their footprint across the global industry. Leading companies in the Asia Pacific oil storage market include:

CST Industries
NOV Inc
Tianjin Anson International Co Ltd
ElixirPro Engineering Solutions Pvt. Ltd
Roth Industries GmbH & Co KG
ERGIL
Royal Vopak
Float-Tek International Co., Ltd
Kfloat,
DFC Pressure Vessel Manufacturer Co., Ltd.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific oil storage exceeded 372.2 million cubic meters in 2023 and is poised to grow at 3.2% during 2024 to 2032 owing to volatile oil prices and supply fluctuations.

The floating roof product segment is slated to expand at 3% growth rate from 2023-2032 driven by the growing requirement for robust storage solutions for medium and low flash point petroleum.

The China oil storage industry size will witness 3% growth through 2032 attributed to the massive investments in the development of new onshore and offshore oil storage facilities.

CST Industries, NOV Inc., Tianjin Anson International Co., Ltd., ElixirPro Engineering Solutions Pvt. Ltd., Roth Industries GmbH & Co. KG, ERGIL, Royal Vopak, Float-Tek International Co., Ltd., Kfloat, and DFC Pressure Vessel Manufacturer Co., Ltd. are the top companies engaged in the Asia Pacific oil storage business landscape.