市場調查報告書
商品編碼
1541434
2024-2032 年按材料(鋼、碳鋼、玻璃纖維增強塑膠等)、產品、應用和地區分類的石油儲存市場報告Oil Storage Market Report by Material (Steel, Carbon Steel, Fiberglass Reinforced Plastic, and Others), Product, Application, and Region 2024-2032 |
IMARC Group年全球石油儲存市場規模達97億美元。全球能源消耗的增加、石油儲量的增加、嚴格的環境和安全法規、對石油儲存基礎設施的廣泛投資、油價波動以及重大的技術進步是推動市場的一些主要因素。
石油儲存是指對原油、石油產品和其他液態烴等各類石油的圍堵和保存。這些儲存設施是石油工業不可或缺的一部分,具有多種用途,包括儲存、分配和戰略儲備。它允許儲存石油以滿足波動的需求,即使在中斷期間也能確保穩定的供應。此外,它還有助於混合不同類型的石油以滿足特定的產品要求,並作為石油運輸的分配點,允許透過管道、油輪和卡車進行有效的運輸。
原油價格波動和地緣政治緊張局勢造成供需不平衡,需要儲存來管理供應過剩或緩解短缺,這主要推動了市場成長。除此之外,經濟成長和工業化導致的全球能源消耗不斷增加,不斷增加石油需求並推動擴大儲存能力的需求,從而有利於市場成長。此外,各國政府和組織維持戰略石油儲備以確保危機期間的能源安全,正在推動市場成長。除此之外,自然災害、極端天氣事件和產油地區的不確定性可能會擾亂供應鏈,強調安全儲存的需求,從而為市場擴張創造積極的前景。此外,嚴格的環境和安全法規導致對合規儲存設施的需求不斷成長。
原油價格波動
石油儲存市場深受油價波動的影響。當油價暴跌時,企業往往會抓住機會大量購買和儲存石油,預計未來價格會上漲。在價格低迷時期,石油儲存設施的需求量很大,因為它們可以讓企業建立策略儲備並利用未來價格上漲的機會。相反,當油價上漲時,由於公司更願意出售其石油儲備,因此對儲存的需求減少。因此,石油價格的走勢直接影響儲存設施的使用率,使其成為管理石油市場動態的基本要素。
全球能源需求激增
全球能源需求的成長是石油儲存市場的另一個重要成長動力。隨著世界人口的成長、城市化和工業化,對主要來自石油的能源的需求持續激增。這種永不滿足的需求需要不間斷的石油供應和大量的儲存能力來平衡供需的不規則性,從而為市場的成長提供動力。無論是暖氣、運輸、發電或無數產品的製造,石油仍然是不可或缺的能源,確保石油儲存設施在全球能源市場的穩定和運作中發揮核心作用。從本質上講,全球能源需求不斷升級,使得對廣泛的石油儲存基礎設施的需求長期存在。
提高生產和精煉能力
國內和國際石油產量的增加極大地影響了石油儲存的需求。在石油高產量時期,儲存對於處理剩餘石油至關重要,直到可以運輸、精煉並分配給消費者。此外,政治和經濟因素常常影響生產水平,導致供應波動。這可能導致儲存設施迅速充滿或耗盡,使儲存容量的管理成為石油公司和政府等的動態和戰略問題。因此,石油儲存設施對於平衡不斷變化的石油生產和消費動態至關重要,有助於穩定全球和區域石油市場。
The global oil storage market size reached US$ 9.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032. The increasing global energy consumption, rising number of oil reserves, stringent environmental and safety regulations, extensive investment in oil storage infrastructure, fluctuating oil prices, and significant technological advancements, are some of the major factors propelling the market.
Oil storage refers to the containment and preservation of various types of oil, such as crude oil, petroleum products, and other liquid hydrocarbons. These storage facilities are integral to the oil industry, serving multiple purposes, including storage, distribution, and strategic reserves. It allows for the stockpiling of oil to meet fluctuating demand, ensuring a stable supply even during disruptions. Moreover, it facilitates the blending of different oil types to meet specific product requirements and serves as a distribution point for oil transportation, allowing for efficient movement by pipelines, tankers, and trucks.
The fluctuating crude oil prices and geopolitical tensions, creating supply and demand imbalances and necessitating storage to manage excess supply or mitigate shortages, are primarily driving the market growth. In addition to this, increasing global energy consumption due to economic growth and industrialization is continually boosting the oil demand and driving the need for expanded storage capacities, which, in turn, is favoring the market growth. Moreover, various governments and organizations maintain strategic oil reserves to ensure energy security during crises, is fueling the market growth. Besides this, natural disasters, extreme weather events, and uncertainty in oil-producing regions can disrupt supply chains, emphasizing the need for secure storage, thereby creating a positive outlook for market expansion. Furthermore, stringent environmental and safety regulations are contributing to a growing demand for compliant storage facilities.
Fluctuation in crude oil prices
The oil storage market is profoundly influenced by the volatility in oil prices. When oil prices plummet, companies often seize the opportunity to buy and store large quantities of oil, anticipating higher prices in the future. During periods of price downturns, oil storage facilities are in high demand as they allow businesses to build up strategic reserves and capitalize on future price increases. Conversely, when oil prices are on the rise, the need for storage lessens as companies prefer to sell their oil holdings. Thus, the flow of oil prices directly impact the utilization of storage facilities, making them a fundamental element in managing oil market dynamics.
Surging energy demand across the globe
The increase in global energy demand is acting as another significant growth-inducing driver of the oil storage market. As the world's population grows, urbanizes, and industrializes, the demand for energy, primarily derived from oil, continues to surge. This insatiable need necessitates an uninterrupted supply of oil and substantial storage capacity to balance the irregularities in supply and demand, providing impetus to the market's growth. Whether for heating, transportation, electricity generation, or the manufacturing of countless products, oil remains an indispensable energy source, ensuring that oil storage facilities play a central role in the stability and functioning of energy markets worldwide. In essence, the escalating global energy demand perpetuates the need for extensive oil storage infrastructure.
Increasing production and refining capacity
The increasing volume of oil production, both domestically and internationally, substantially influences the need for oil storage. In periods of high oil production, storage becomes essential to handle surplus oil until it can be transported, refined, and distributed to consumers. Additionally, political and economic factors often impact production levels, leading to fluctuations in supply. This can result in the swift filling or depletion of storage facilities, making the management of storage capacity a dynamic and strategic concern for oil companies and governments alike. Consequently, oil storage facilities are crucial in balancing the ever-changing dynamics of oil production and consumption, helping to stabilize oil markets globally and regionally.
IMARC Group provides an analysis of the key trends in each segment of the global oil storage market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on material, product, and application.
Steel
Carbon Steel
Fiberglass Reinforced Plastic (FRP)
Others
Carbon steel holds the largest share in the market
The report has provided a detailed breakup and analysis of the market based on the material. This includes steel, carbon steel, fiberglass reinforced plastic (FRP), and others. According to the report, carbon steel represented the largest segment.
Carbon steel exhibits exceptional strength and durability, making it well-suited to the rigorous demands of oil storage, representing one of the major factors influencing the market growth. Its robustness allows for the construction of large-capacity storage tanks capable of withstanding the weight of vast quantities of oil and enduring harsh environmental conditions. This, along with its cost-effectiveness, is contributing to the market growth. Compared to stainless steel or exotic alloys, carbon steel is more affordable to manufacture and maintain, making it an economically attractive choice for both established and emerging oil storage facilities. Moreover, carbon steel has a proven track record of reliability in the industry, demonstrating long-term performance and resistance to corrosion when adequately maintained. This reliability instills confidence in oil companies and regulators, further solidifying its dominant position in the market.
Open Top
Fixed Roof
Floating Roof
Others
Floating roof holds the largest share in the market
A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes open top, fixed roof, floating roof, and others. According to the report, floating roof accounted for the largest market share.
Floating roof tanks are designed with a floating cover or roof that rests on the surface of the stored oil, adapting to the liquid's varying levels. This innovative design offers several key benefits, such as significantly reducing the risk of volatile organic compound (VOC) emissions and evaporation loss, which is strengthening the market growth. This environmental advantage further aligns with increasingly stringent regulations on emissions and safety standards, making floating roof tanks a preferred choice for operators seeking compliance, thereby aiding in market expansion. Furthermore, the floating roof design minimizes the exposure of the stored oil to the atmosphere, mitigating the risk of contamination and oxidation. This ensures the quality and integrity of the stored oil, which is crucial for maintaining product value and meeting stringent quality standards.
Crude Oil
Middle Distillates
Gasoline
Aviation Fuel
Others
Crude oil dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes crude oil, middle distillates, gasoline, aviation fuel, and others. According to the report, crude oil represented the largest segment.
The shifting preference for renewable energy sources and the rising popularity of electric vehicles (EVs) has led to a strategic need for crude oil storage, propelling the market growth. As the world transitions towards cleaner energy, governments and energy companies are stockpiling crude oil to support the manufacturing of plastics, chemicals, and other petrochemical products, which are integral to various industries, including EV production. This is boosting the need for oil storage infrastructure and solutions. Moreover, geopolitical uncertainties and regional conflicts in oil-producing regions have led to precautionary storage measures to ensure a stable supply in case of disruptions, impelling the market growth. Apart from this, the liquefied natural gas (LNG) industry, which relies on natural gas liquids for processing, has bolstered crude oil storage demand as these liquids are typically stored alongside crude oil.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The Middle East and Africa exhibit a clear dominance, accounting for the largest oil storage market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, the Middle East and Africa accounted for the largest market share.
The Middle East is home to some of the world's largest oil-producing countries, such as Saudi Arabia, Iran, Iraq, and the United Arab Emirates. These nations have substantial oil reserves and have invested in extensive oil storage infrastructure to manage their production and exports. Moreover, the Middle East has invested heavily in oil storage infrastructure. This includes vast tank farms, storage tanks, and facilities that are essential for storing crude oil, refined products, and petrochemicals.
The leading players in the oil storage market are continually adapting to evolving industry dynamics and global energy trends. The key market players, which include multinational corporations and energy giants, are strategically positioning themselves to maintain and expand their market dominance. They are heavily investing in the construction and modernization of storage facilities, focusing on increasing capacity, enhancing safety measures, and implementing environmentally sustainable practices. Additionally, these industry leaders are diversifying their portfolios to include storage solutions for various oil products, such as crude oil, refined products, and petrochemicals, to cater to a broader range of customer needs. Furthermore, technological innovations like automation, digitalization, and the Internet of Things (IoT) are being integrated into storage operations to improve efficiency and optimize asset management.
Buckeye Partners L.P.
CST Industries Inc.
Denali Incorporated (National Oilwell Varco Inc.)
Energy Transfer LP
L.F. Manufacturing
Oiltanking GmbH (Marquard & Bahls)
Royal Vopak N.V.
Shawcor Ltd.
Synalloy Corporation
Snyder Industries LLC
VTTI B.V.
Ziemann Holvrieka GmbH.
In July 2021, Aegis and Vopak announced their collaboration in India to expand their presence in the LPG and chemicals storage and handling business.
In March 2023, Buckeye Partners, L.P. announced the launch of BAES Infrastructure, a diversified energy company that will focus on the development, construction, and operation of energy transition projects.
In November 2022, Oiltanking signed an agreement with Adani Ports and Special Economic Zone to sell its stake in Indian Oiltanking and its subsidiaries.
Figure 15 Global: Oil Storage (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032