Outlook on the Worldwide Oil & Gas Storage Services Industry to 2025 - Market Trends & Developments - ResearchAndMarkets.com

DUBLIN--()--The "Global Oil & Gas Storage Services Market, By Service, By Product Type, By End User, By Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Oil & Gas Storage Services Market was valued at $ 1.09 billion in 2019 and is projected to reach $ 1.34 billion by 2025.

Growth in the market can be attributed to the increasing demand for oil & gas, growing global exploration & production, and expanding oil & gas pipeline network. Huge price fluctuations in crude oil prices in the recent years has increased the requirement for oil & gas storage services across the globe.

In terms of Service segments, the global oil & gas storage market is categorized into Storage, Throughput and Ancillary services. The Storage service segment is the leading market segment and includes fee paid for reserving the storage space in tanks and to compensate for handling up to a fixed amount of product volume. The Throughput service includes the fee paid to non-storage customers to receive & deliver products via pipelines, barge, trucks, tankers, etc. The Ancillary service segment includes fee paid for mixing chemical additives, heating & blending by a third party.

In terms of Product type, the Global Oil & Gas Storage Services Market is categorized into Crude Oil, Gasoline, Diesel, Jet Fuel, LPG, Heavy Fuel Oil (Residual), and Others Distillates. The crude oil segment holds the largest market share and is projected to continue its dominance during the forecast period. In terms of End-User, the Global Oil & Gas Storage Services Market is categorized into Refinery, Merchant Traders and Distributors. The refinery segment leads the market as major part of the storage services is captured by refinery & majority of refined products that are stored in storage tanks in refinery itself.

North America is expected to continue its dominance in the Global Oil & Gas Storage Services Market through 2025, followed by Asia Pacific. However, the global economic slowdown, spread of COVID-19 pandemic and rising adoption of electric vehicles are the major threats for the Global Oil & Gas Storage Services Market.

Companies Mentioned

  • Buckeye Partners, L.P.
  • Magellan Midstream Partners, L.P.
  • Oiltanking GmbH
  • Royal Vopak
  • Vitol
  • Kinder Morgan, Inc.
  • NuStar Energy L.P
  • Odfjell SE
  • International-Matex Tank Terminals (IMTT)
  • Clean Harbors, Inc

Objective of the Study:

  • To study the Global Oil & Gas Storage Services Market scenario, which covers Storage Services, Throughput Services, Ancillary Services.
  • To analyze and forecast the market size of the Global Oil & Gas Storage Services Market.
  • To classify and forecast the Global Oil & Gas Storage Services Market on the basis of services, product, end-users, regions & company.
  • To identify drivers and challenges for the Global Oil & Gas Storage Services Market.
  • To identify market trends & developments for the Global Oil & Gas Storage Services Market.
  • To identify & analyze the profile of leading players operating in the Global Oil & Gas Storage Services Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Oil & Gas Storage Services Market

4. Executive Summary

5. Voice of Customer

6. Global Oil & Gas Storage Services Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Service (Storage Service, Throughput, Ancillary Service)

6.2.2. By Product Type (Crude Oil, Gasoline, Diesel, Jet Fuel, LPG, Heavy Fuel Oil

(Residual), Other Distillates, Others)

6.2.3. By End User (Refinery, Merchant Traders, Distributors)

6.2.4. By Region (North America, Asia Pacific, Europe, Middle East & Africa & South

America)

6.2.5. By Company (2019)

6.3. Product Market Map

7. North America Oil & Gas Storage Services Market Outlook

7.1. Market Size & Forecast

7.2. Market Share & Forecast

7.3. North America: Country Outlook

8. Asia-Pacific Oil & Gas Storage Services Market Outlook

8.1. Market Size & Forecast

8.2. Market Share & Forecast

8.3. Asia-Pacific: Country Outlook

9. Europe Oil & Gas Storage Services Market Outlook

9.1. Market Size & Forecast

9.2. Market Share & Forecast

9.3. Europe: Country Outlook

10. MEA Oil & Gas Storage Services Market Outlook

10.1. Market Size & Forecast

10.2. Market Share & Forecast

10.3. Middle East & Africa: Country Outlook

11. South America Oil & Gas Storage Services Market Outlook

11.1. Market Size & Forecast

11.2. Market Share & Forecast

11.3. South America: Country Outlook

12. Market Dynamics

12.1. Drivers/Opportunities

12.2. Challenges/Pitfalls

13. Market Trends & Developments

14. Competitive Landscape

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/3p046i

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900