The Oil and Gas Storage Terminal Market to even out variations in supply and demand. When prices are higher than they would like, businesses withdraw and store more when prices are low. Underground locations, like drained reservoirs, are the least expensive type of storage. This technique is mostly applied to natural gas: According to regulations, completed oil products cannot be kept in subterranean locations, regulations. Natural gas, completed oil products, finished oil, and crude and refined oil are all stored in ground tanks. Tanks are kept underground at retail places like petrol stations for security reasons. When land storage is full, tanker ships are employed for temporary storage, making them the most expensive choice. There is a minimum amount of crude oil required for operation that cannot be reduced.
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End users are seeking for strategies to boost their productivity as the number of terminal activities rises internationally and effectiveness while yet fulfilling customer expectations.
An oil and gas terminal procedures refers to the use of technology and systems to streamline some human tasks in a terminal, particularly those involving load authorization, product transportation, product measurement, documentation, and reporting. These solutions assist businesses in lowering expenses while increasing productivity, efficiency, and safety. The Oil & Gas Storage Terminal Market is anticipated to have high growth during the projected period due to the rising demand for energy throughout the world and rising investments in terminal markets.
KEY DRIVERS:
Increasing demand for oil and gas storage terminal developments.
Rising demand for various crude oil and petroleum products.
Increasing demand for crude oil and petroleum-based goods worldwide: Global demand for crude oil and products derived from petroleum has increased dramatically as a result of growing populations, urbanization, and industrialization. Oil storage facilities, particularly oil storage terminals, are becoming more and more in demand as a result of the rising demand for oil and gas products.
RESTRAIN:
Growing adoption of renewable sources
OPPORTUNITY:
Falling crude oil prices
As a result of the low oil prices, more people are projected to need oil storage. Some investors would view it as a chance to store crude oil for less money, which is expected to spur the expansion of the oil storage terminal sector.
CHALLENGES:
Utilization of Diesel across various sector
Floating roof storage terminals will lead market due to their operational advancement.
After Russia invaded Ukraine, the cost of crude oil on the international market soared, rising from around $76 per barrel at the beginning of January 2022 to more than $110 per barrel by March 4 of the same year. Due to increasing demand, which was spurred by the world economies' recovery from the COVID-19 pandemic and poor investment in the oil and gas sector, the price of crude oil was already inflated even before the conflict.
The COVID-19 pandemic dramatically reduced oil consumption, resulting in a 20% decrease throughout the APEC drop as it begins. Although there have been rolling lockdowns all across the world, consumption is already 10% below 2019 levels. In several nations, the demand for oil has already surpassed pre-virus levels, and the whole APEC oil consumption is expected to approach 2019 levels by 2022. The demand for oil will increase by around 5% during the next five years. However, the pandemic's current stage adds uncertainty to this demand recovery and development trajectory.
By Type
Strategic Reserve
Commercial Reserve
By Tank Type
Fixed Roof
Floating Roof
Bullet Tank
Spherical Tank
By Product
Diesel
Petrol
Crude Oil
Kerosene
Others
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Asia Pacific is the market leader is expected to see the quickest CAGR growth over the forecast period the expected time frames. Diversification efforts made by certain regional organisations might.
boost the business viewpoint and develop fresh expansion ideas. For instance, Yantian Group purchased the oil storage and terminal facilities in Zhoushan and almost 90% of the shares in the Hong Kong-based company Bright Oil Petroleum.
In Europe increasing production capacity from many major participants in the oil storage terminal industry drives market expansion. Oil storage demand has been rising, stimulating interest in the region and escalating rivalry as businesses look to improve their future positioning and boost profits. The rising need for organic and inorganic extensions is another factor. The territorial landscape is anticipated to be supported by the main players.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The Indian government intends to construct floating LNG storage facilities at all major ports in November 2022, at an estimated cost of Rs 20,000 crore. The project will be available to participation from the commercial sector and should be finished by March 2023. India now has LPG terminals that serve 12 significant ports.
Phase 1 of an oil and refined fuels terminal project in Louisiana, with two deep-water ports and one barge dock, was started by NOLA Oil Terminal in December 2021. In order to secure 158 acres of land for this project, which has the capacity to park up to 170,000 tank ships, the US committed $300 million.
The Major Players are Belco Manufacturing (U.S.), Royal Vopak (Netherlands), Containment Solutions, Inc. (U.S.), Vitol (Switzerland), Oiltanking GmbH (Germany), Koole Terminals (Netherlands), Brooge Energy (UAE), Shell (Netherlands), LBC Tank Terminals (Belgium), Ergon International (U.S.), and other players are listed in a final report.
| Report Attributes | Details |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Strategic Reserve, Commercial Reserve) • By Tank Type (Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank) • By Product (Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Belco Manufacturing (U.S.), Royal Vopak (Netherlands), Containment Solutions, Inc. (U.S.), Vitol (Switzerland), Oiltanking GmbH (Germany), Koole Terminals (Netherlands), Brooge Energy (UAE), Shell (Netherlands), LBC Tank Terminals (Belgium), Ergon International (U.S.) |
| Key Drivers | • Increasing demand for oil and gas storage terminal developments. • Rising demand for various crude oil and petroleum products. |
| Market Restraints | • Growing adoption of renewable sources |
Ans: Increasing demand for oil and gas storage terminal developments and Rising demand for various crude oil and petroleum products.
Ans: Utilization of Diesel across various sector and Floating roof storage terminals will lead market due to their operational advancement.
Ans: Asia Pacific is the market leader is expected to see the quickest CAGR growth over the forecast period
Ans: Europe is dominating the market.
Ans: Utilization of Diesel across various sector and Floating roof storage terminals will lead market due to their operational advancement.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Oil & Gas Storage Terminal Market Segmentation, By Type
8.1 Strategic Reserve
8.2 Commercial Reserve
9. Oil & Gas Storage Terminal Market Segmentation, By Tank Type
9.1 Fixed Roof
9.2 Floating Roof
9.3 Bullet Tank
9.4 Spherical Tank
10. Oil & Gas Storage Terminal Market Segmentation, By Product
10.1 Diesel
10.2 Petrol
10.3 Aviation Fuel
10.4 Crude Oil
10.5 Kerosene
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Oil & Gas Storage Terminal Market by country
11.2.2North America Oil & Gas Storage Terminal Market by Type
11.2.3 North America Oil & Gas Storage Terminal Market by Tank Type
11.2.4 North America Oil & Gas Storage Terminal Market by Product
11.2.5 USA
11.2.5.1 USA Oil & Gas Storage Terminal Market by Type
11.2.5.2 USA Oil & Gas Storage Terminal Market by Tank Type
11.2.5.3 USA Oil & Gas Storage Terminal Market by Product
11.2.6 Canada
11.2.6.1 Canada Oil & Gas Storage Terminal Market by Type
11.2.6.2 Canada Oil & Gas Storage Terminal Market by Tank Type
11.2.6.3 Canada Oil & Gas Storage Terminal Market by Product
11.2.7 Mexico
11.2.7.1 Mexico Oil & Gas Storage Terminal Market by Type
11.2.7.2 Mexico Oil & Gas Storage Terminal Market by Tank Type
11.2.7.3 Mexico Oil & Gas Storage Terminal Market by Product
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Oil & Gas Storage Terminal Market by country
11.3.1.2 Eastern Europe Oil & Gas Storage Terminal Market by Type
11.3.1.3 Eastern Europe Oil & Gas Storage Terminal Market by Tank Type
11.3.1.4 Eastern Europe Oil & Gas Storage Terminal Market by Product
11.3.1.5 Poland
11.3.1.5.1 Poland Oil & Gas Storage Terminal Market by Type
11.3.1.5.2 Poland Oil & Gas Storage Terminal Market by Tank Type
11.3.1.5.3 Poland Oil & Gas Storage Terminal Market by Product
11.3.1.6 Romania
11.3.1.6.1 Romania Oil & Gas Storage Terminal Market by Type
11.3.1.6.2 Romania Oil & Gas Storage Terminal Market by Tank Type
11.3.1.6.4 Romania Oil & Gas Storage Terminal Market by Product
11.3.1.7 Turkey
11.3.1.7.1 Turkey Oil & Gas Storage Terminal Market by Type
11.3.1.7.2 Turkey Oil & Gas Storage Terminal Market by Tank Type
11.3.1.7.3 Turkey Oil & Gas Storage Terminal Market by Product
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Oil & Gas Storage Terminal Market by Type
11.3.1.8.2 Rest of Eastern Europe Oil & Gas Storage Terminal Market by Tank Type
11.3.1.8.3 Rest of Eastern Europe Oil & Gas Storage Terminal Market by Product
11.3.2 Western Europe
11.3.2.1 Western Europe Oil & Gas Storage Terminal Market by Type
11.3.2.2 Western Europe Oil & Gas Storage Terminal Market by Tank Type
11.3.2.3 Western Europe Oil & Gas Storage Terminal Market by Product
11.3.2.4 Germany
11.3.2.4.1 Germany Oil & Gas Storage Terminal Market by Type
11.3.2.4.2 Germany Oil & Gas Storage Terminal Market by Tank Type
11.3.2.4.3 Germany Oil & Gas Storage Terminal Market by Product
11.3.2.5 France
11.3.2.5.1 France Oil & Gas Storage Terminal Market by Type
11.3.2.5.2 France Oil & Gas Storage Terminal Market by Tank Type
11.3.2.5.3 France Oil & Gas Storage Terminal Market by Product
11.3.2.6 UK
11.3.2.6.1 UK Oil & Gas Storage Terminal Market by Type
11.3.2.6.2 UK Oil & Gas Storage Terminal Market by Tank Type
11.3.2.6.3 UK Oil & Gas Storage Terminal Market by Product
11.3.2.7 Italy
11.3.2.7.1 Italy Oil & Gas Storage Terminal Market by Type
11.3.2.7.2 Italy Oil & Gas Storage Terminal Market by Tank Type
11.3.2.7.3 Italy Oil & Gas Storage Terminal Market by Product
11.3.2.8 Spain
11.3.2.8.1 Spain Oil & Gas Storage Terminal Market by Type
11.3.2.8.2 Spain Oil & Gas Storage Terminal Market by Tank Type
11.3.2.8.3 Spain Oil & Gas Storage Terminal Market by Product
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Oil & Gas Storage Terminal Market by Type
11.3.2.9.2 Netherlands Oil & Gas Storage Terminal Market by Tank Type
11.3.2.9.3 Netherlands Oil & Gas Storage Terminal Market by Product
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Oil & Gas Storage Terminal Market by Type
11.3.2.10.2 Switzerland Oil & Gas Storage Terminal Market by Tank Type
11.3.2.10.3 Switzerland Oil & Gas Storage Terminal Market by Product
11.3.2.11.1 Austria
11.3.2.11.2 Austria Oil & Gas Storage Terminal Market by Type
11.3.2.11.3 Austria Oil & Gas Storage Terminal Market by Tank Type
11.3.2.11.4 Austria Oil & Gas Storage Terminal Market by Product
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Oil & Gas Storage Terminal Market by Type
11.3.2.12.2 Rest of Western Europe Oil & Gas Storage Terminal Market by Tank Type
11.3.2.12.3 Rest of Western Europe Oil & Gas Storage Terminal Market by Product
11.4 Asia-Pacific
11.4.1 Asia-Pacific Oil & Gas Storage Terminal Market by country
11.4.2 Asia-Pacific Oil & Gas Storage Terminal Market by Type
11.4.3 Asia-Pacific Oil & Gas Storage Terminal Market by Tank Type
11.4.4 Asia-Pacific Oil & Gas Storage Terminal Market by Product
11.4.5 China
11.4.5.1 China Oil & Gas Storage Terminal Market by Type
11.4.5.2 China Oil & Gas Storage Terminal Market by Product
11.4.5.3 China Oil & Gas Storage Terminal Market by Tank Type
11.4.6 India
11.4.6.1 India Oil & Gas Storage Terminal Market by Type
11.4.6.2 India Oil & Gas Storage Terminal Market by Tank Type
11.4.6.3 India Oil & Gas Storage Terminal Market by Product
11.4.7 Japan
11.4.7.1 Japan Oil & Gas Storage Terminal Market by Type
11.4.7.2 Japan Oil & Gas Storage Terminal Market by Tank Type
11.4.7.3 Japan Oil & Gas Storage Terminal Market by Product
11.4.8 South Korea
11.4.8.1 South Korea Oil & Gas Storage Terminal Market by Type
11.4.8.2 South Korea Oil & Gas Storage Terminal Market by Tank Type
11.4.8.3 South Korea Oil & Gas Storage Terminal Market by Product
11.4.9 Vietnam
11.4.9.1 Vietnam Oil & Gas Storage Terminal Market by Type
11.4.9.2 Vietnam Oil & Gas Storage Terminal Market by Tank Type
11.4.9.3 Vietnam Oil & Gas Storage Terminal Market by Product
11.4.10 Singapore
11.4.10.1 Singapore Oil & Gas Storage Terminal Market by Type
11.4.10.2 Singapore Oil & Gas Storage Terminal Market by Tank Type
11.4.10.3 Singapore Oil & Gas Storage Terminal Market by Product
11.4.11 Australia
11.4.11.1 Australia Oil & Gas Storage Terminal Market by Type
11.4.11.2 Australia Oil & Gas Storage Terminal Market by Tank Type
11.4.11.3 Australia Oil & Gas Storage Terminal Market by Product
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Oil & Gas Storage Terminal Market by Type
11.4.12.2 Rest of Asia-Pacific Oil & Gas Storage Terminal Market by Tank Type
11.4.12.3 Rest of Asia-Pacific Oil & Gas Storage Terminal Market by Product
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Oil & Gas Storage Terminal Market by country
11.5.1.2 Middle East Oil & Gas Storage Terminal Market by Type
11.5.1.3 Middle East Oil & Gas Storage Terminal Market by Tank Type
11.5.1.4 Middle East Oil & Gas Storage Terminal Market by Product
11.5.1.5 UAE
11.5.1.5.1 UAE Oil & Gas Storage Terminal Market by Type
11.5.1.5.2 UAE Oil & Gas Storage Terminal Market by Tank Type
11.5.1.5.3 UAE Oil & Gas Storage Terminal Market by Product
11.5.1.6 Egypt
11.5.1.6.1 Egypt Oil & Gas Storage Terminal Market by Type
11.5.1.6.2 Egypt Oil & Gas Storage Terminal Market by Tank Type
11.5.1.6.3 Egypt Oil & Gas Storage Terminal Market by Product
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Oil & Gas Storage Terminal Market by Type
11.5.1.7.2 Saudi Arabia Oil & Gas Storage Terminal Market by Tank Type
11.5.1.7.3 Saudi Arabia Oil & Gas Storage Terminal Market by Product
11.5.1.8 Qatar
11.5.1.8.1 Qatar Oil & Gas Storage Terminal Market by Type
11.5.1.8.2 Qatar Oil & Gas Storage Terminal Market by Tank Type
11.5.1.8.3 Qatar Oil & Gas Storage Terminal Market by Product
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Oil & Gas Storage Terminal Market by Type
11.5.1.9.2 Rest of Middle East Oil & Gas Storage Terminal Market by Tank Type
11.5.1.9.3 Rest of Middle East Oil & Gas Storage Terminal Market by Product
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Oil & Gas Storage Terminal Market by Type
11.5.2.3 Africa Oil & Gas Storage Terminal Market by Tank Type
11.5.2.4 Africa Oil & Gas Storage Terminal Market by Product
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Oil & Gas Storage Terminal Market by Type
11.5.2.5.2 Nigeria Oil & Gas Storage Terminal Market by Tank Type
11.5.2.5.3 Nigeria Oil & Gas Storage Terminal Market by Product
11.5.2.6 South Africa
11.5.2.6.1 South Africa Oil & Gas Storage Terminal Market by Type
11.5.2.6.2 South Africa Oil & Gas Storage Terminal Market by Tank Type
11.5.2.6.3 South Africa Oil & Gas Storage Terminal Market by Product
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Oil & Gas Storage Terminal Market by Type
11.5.2.7.2 Rest of Africa Oil & Gas Storage Terminal Market by Tank Type
11.5.2.7.3 Rest of Africa Oil & Gas Storage Terminal Market by Product
11.6 Latin America
11.6.1 Latin America Oil & Gas Storage Terminal Market by country
11.6.2 Latin America Oil & Gas Storage Terminal Market by Type
11.6.3 Latin America Oil & Gas Storage Terminal Market by Tank Type
11.6.4 Latin America Oil & Gas Storage Terminal Market by Product
11.6.5 Brazil
11.6.5.1 Brazil America Oil & Gas Storage Terminal Market by Type
11.6.5.2 Brazil America Oil & Gas Storage Terminal Market by Tank Type
11.6.5.3 Brazil America Oil & Gas Storage Terminal Market by Product
11.6.6 Argentina
11.6.6.1 Argentina America Oil & Gas Storage Terminal Market by Type
11.6.6.2 Argentina America Oil & Gas Storage Terminal Market by Tank Type
11.6.6.3 Argentina America Oil & Gas Storage Terminal Market by Product
11.6.7 Colombia
11.6.7.1 Colombia America Oil & Gas Storage Terminal Market by Type
11.6.7.2 Colombia America Oil & Gas Storage Terminal Market by Tank Type
11.6.7.3 Colombia America Oil & Gas Storage Terminal Market by Product
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Oil & Gas Storage Terminal Market by Type
11.6.8.2 Rest of Latin America Oil & Gas Storage Terminal Market by Tank Type
11.6.8.3 Rest of Latin America Oil & Gas Storage Terminal Market by Product
12 Company profile
12.1 Belco Manufacturing (U.S.)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Royal Vopak (Netherlands)
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Containment Solutions, Inc. (U.S.)
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Vitol (Switzerland)
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Oiltanking GmbH (Germany)
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Koole Terminals (Netherlands)
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Brooge Energy (UAE)
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Shell (Netherlands)
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 LBC Tank Terminals (Belgium)
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Ergon International (U.S.)
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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