Global Oil Storage Market : Emerging Trends, Major Key Players Vitol Tank Terminals International and Koninklijke

According to the report, the global Oil Storage market size is expected to reach $ Billion by 2028 growing at the CAGR of 5.86% from 2021 to 2028. The major factor driving the growth of the Oil Storage Market is the rising trend of oil prices. The increasing use of solar and wind power has increased the demand for electricity generating the need for appropriate electricity storage systems. Moreover, the increasing market size is expected to drive the growth of the Oil Storage market soon. The growth of the Oil Storage Market can be attributed to the changing trends in oil storage technology. Moreover, the changing regulatory frameworks governing the oil storage market across different regions are also expected to drive market growth soon.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global OIL STORAGE MARKET industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Oil Storage Market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Oil Storage Market players holding highest market share include Vitol Tank Terminals International, Koninklijke, Oiltanking and Shawcor Ltd. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Vitol Tank Terminals International
• Koninklijke
• Oiltanking
• Shawcor Ltd
• Buckeye Partners
• Containment Solutions
• ZCL Composites
• Belco Manufacturing
• Zepnotek Storage
• Columbian Steel Tank

Segmental Analysis

Market Segment By Material with focus on market share, consumption trend, and growth rate of OIL STORAGE MARKET :
o Steel
o Carbon Steel
o Fiberglass Reinforced Plastic

Market Segment By Type with focus on market share, consumption trend, and growth rate of OIL STORAGE MARKET :
o Crude Oil
o Gasoline
o Aviation Fuel
o Naphtha
o Diesel
o Kerosene
o Liquefied Petroleum Gas

Market Segment By Product Design with a focus on market share, consumption trend, and growth rate of OIL STORAGE MARKET :
o Open Top Tank
o Fixed Roof Tank
o Floating Roof Tank
o Others

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Global Oil Storage Market Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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