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Bulk Petroleum And Chemical Storage Market - Industry Share, Trends, Size, Major Players And Forecast To 2032
Bulk Petroleum And Chemical Storage Market Analysis
Bulk Petroleum And Chemical Storage Market Size, Growth Rate, And Forecast
The global bulk petroleum and chemical storage market size is expected to grow from $33.87 billion in 2022 to $36.50 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bulk petroleum and chemical storage market size is expected to reach $47.72 billion in 2027 at a CAGR of 6.9%.
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Bulk Petroleum And Chemical Storage Market Drivers
An increase in the demand for crude oil supply is expected to propel the growth of the bulk petroleum and chemical storage market going forward. Crude oil refers to a mixture of hydrocarbons that is present in the liquid phase in naturally occurring underground reservoirs and stays liquid at atmospheric pressure after passing through surface separating facilities. Due to increasing consumption of crude oil products such as petroleum, oil, and gas the demand for its storage is rising which will increase the demand for bulk petroleum and chemical storage market.
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Bulk Petroleum And Chemical Storage Market Segments
1) By Material Type: Metal, Carbon Fiber, Glass Fiber
2) By Storage Type: Open Top Tanks, Fixed Roof Tanks, Floating Roof Tanks
3) By Application: Fuel Storage Tank, Chemical Storage Tank
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the bulk petroleum and chemical storage market.
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Bulk Petroleum And Chemical Storage Market Key Players
Major competitors in the bulk petroleum and chemical storage market include Vitol Tank Terminals International BV (VTTI), Royal Vopak N.V., Buckeye Partners, Shawcor Ltd., Containment Solutions Inc.
The Business Research Company's "Global Bulk Petroleum And Chemical Storage Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Bulk Petroleum And Chemical Storage Market Include:
1. Executive Summary
2. Bulk Petroleum And Chemical Storage Market Characteristics
3. Bulk Petroleum And Chemical Storage Market Trends And Strategies
4. Bulk Petroleum And Chemical Storage Market - Macro Economic Scenario
5. Bulk Petroleum And Chemical Storage Market Size And Growth
.....
26. Africa Bulk Petroleum And Chemical Storage Market
27. Bulk Petroleum And Chemical Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bulk Petroleum And Chemical Storage Market
29. Bulk Petroleum And Chemical Storage Market Future Outlook and Potential Analysis
30. Appendix
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