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Oil Storage Market Share

Report ID: GMI803
Published Date: Dec 2024
Report Format: PDF

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Oil Storage Market Share

Oil Storage Company Market Share Analysis, 2024

The market is dominated by key players, including Royal Vopak, CST Industries, NOV Inc., Fisher Tank Company, and Shawcor. These companies leverage extensive global networks and advanced storage infrastructure to maintain a competitive edge. Emerging regional players, particularly in Asia-Pacific and the Middle East are also gaining ground through strategic investments in capacity expansion and innovation. Market share distribution is influenced by factors such as geographic presence, storage capacity, and integration with transportation networks.

Oil Storage Market Companies

Major players operating in the oil storage industry are:

Anson
Ascent Industries
CST Industries
ElixirPro Engineering Solutions
ERGIL
Fisher Tank
LF Manufacturing
NOV
Roth Industries
Royal Vopak
SHAWCOR
Snyder Industries
Superior Tank
T BAILEY
Waterford Tank & Fabrication

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global oil storage industry was valued at 922.1 million cubic meters in 2024 and is projected to grow at a 3.3% CAGR from 2025 to 2034, driven by shifting energy demand, geopolitical factors, and advancements in storage technologies.

The floating roof segment is expected to exceed 685 million cubic meters by 2034 as it minimizes evaporation losses, reduces environmental emissions, and ensures compliance with environmental regulations through advancements in seals and materials.

The U.S. oil storage market is projected to surpass 180 million cubic meters by 2034, supported by robust shale reserve production, growing export activities, and expansions in strategic petroleum reserves and private storage facilities.

Key players in the oil storage sector include Anson, Ascent Industries, CST Industries, ElixirPro Engineering Solutions, ERGIL, Fisher Tank, LF Manufacturing, NOV, Roth Industries, Royal Vopak, SHAWCOR, Snyder Industries, and Superior Tank.