{"id":21388,"date":"2021-01-18T09:58:26","date_gmt":"2021-01-18T08:58:26","guid":{"rendered":"https:\/\/www.stocexpo.com\/?p=21388"},"modified":"2021-01-18T10:01:09","modified_gmt":"2021-01-18T09:01:09","slug":"oil-storage-market-to-witness-appreciable-gains-with-5-3-cagr-by-2027","status":"publish","type":"post","link":"https:\/\/www.stocexpo.com\/en\/2021\/01\/18\/oil-storage-market-to-witness-appreciable-gains-with-5-3-cagr-by-2027\/","title":{"rendered":"Oil Storage Market To Witness Appreciable Gains With 5.3% CAGR By 2027"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21388\" class=\"elementor elementor-21388\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-800f046 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"800f046\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e2120dd\" data-id=\"4e2120dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-79ffcd9a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79ffcd9a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3e9097b4\" data-id=\"3e9097b4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ffdcdd6 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"1ffdcdd6\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Oil Storage Market To Witness Appreciable Gains With 5.3% CAGR By 2027<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11e53b22 elementor-align-left elementor-widget elementor-widget-post-info\" data-id=\"11e53b22\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-7a16641 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>18\/01\/2021<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28b354c0 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"28b354c0\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20a3734f elementor-widget elementor-widget-text-editor\" data-id=\"20a3734f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"field field-name-field-teaser field-type-text-long field-label-hidden \"><div class=\"short\"><div class=\"lead\"><div class=\"lead\"><div class=\"entry-summary\"><p>According to new report available with Million Insights, the global oil storage industry report on is foretold to provide a robust support for market players to lay a solid foundation for their business growth. It includes a comprehensive evaluation of the market&#8217;s growth status and market risk.<\/p><p>The global\u00a0\u00a0<strong><a href=\"https:\/\/menafn.com\/mf_contact.aspx?src=Contact_Authors\" target=\"_blank\" rel=\"noopener\">oil storage market<\/a>\u00a0<\/strong>\u00a0size is projected to account for 2550.8 Million Cubic Meters (MCM) by 2027. The market is anticipated to register 5.3% CAGR from 2020 to 2027, according to a new report by Million Insights. The rise in the application for oil and gas has led to an increased demand for storage facilities. The increasing presence of petroleum reservoir has resulted in stockpiling, which in turn, has attributed to the growth of the market.<\/p><p>COVID-19 has further attributed to the demand for oil storage as the pandemic has resulted in high supply and low demand for crude oil. For example, as stated by the U.S. Energy Information Administration, the United States has 64% utilization of its storage capacity as of June 2020. The oil storage facilities have witnessed considerable growth across the world in 2020 compared to the last few years.<\/p><p><strong>To download the sample pdf of Oil Storage Market Report visit MENAFN website.<\/strong><\/p><p>However, stringent regulations pertaining to the storage of oil is estimated to hamper market growth. Various regulations across the world restrict the high storage of oil and ensure free-trade. Control of Pollution Regulations, 2001, in England is one such legislation where European countries are required to adhere to its norms.<\/p><p>Middle East &amp; Africa accounted for the highest share in the oil storage market owing to the presence of a large number of oil-reservoir and increasing production. Asia Pacific held the second-largest share in the market in 2019, owing to increasing demand from countries such as India and China. However, with the rise penetration of electrical vehicles, the demand for oil storage is estimated to register a significant decline over the forecast duration.<\/p><p><strong>To browse report summary &amp; detailed TOC, please visit MENAFN website.<\/strong><\/p><p><strong>Further key findings from the report suggest:<\/strong><\/p><p>\u2022 In 2019, the crude oil held the largest share in the market, primarily because of increasing production of crude oil and rising demand across various end-use industries.<\/p><p>\u2022 Middle distillates accounted for the second-highest share in the market in 2019.<\/p><p>\u2022 Gasoline is projected to register the highest growth over the forecast duration owing to its increasing application in the automobile.<\/p><p>\u2022 Floating roof oil storage predicted to register the maximum growth over the forecast duration.<\/p><p><strong>Million Insights has segmented the global oil storage market on the basis of application, product and region:<\/strong><\/p><p><strong>Oil Storage Application Outlook (Volume, Million Cubic Meters, 2016 &#8211; 2027)<\/strong><br \/>\u00a0 \u00a0 \u2022 Crude Oil<br \/>\u00a0 \u00a0\u00a0\u2022 Middle Distillates<br \/>\u00a0 \u00a0\u00a0\u2022 Gasoline<br \/>\u00a0 \u00a0\u00a0\u2022 Aviation Fuel<br \/>\u00a0 \u00a0\u00a0\u2022 Others<\/p><p><strong>Oil Storage Product Outlook (Volume, Million Cubic Meters, 2016 &#8211; 2027)<\/strong><br \/>\u00a0 \u00a0\u00a0\u2022 Open Top<br \/>\u00a0 \u00a0\u00a0\u2022 Fixed Roof<br \/>\u00a0 \u00a0\u00a0\u2022 Floating Roof<br \/>\u00a0 \u00a0\u00a0\u2022 Others<\/p><p><strong>Oil Storage Regional Outlook (Volume, Million Cubic Meters, 2016 &#8211; 2027)<\/strong><br \/>\u00a0 \u00a0\u00a0\u2022 North America<br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u2022 The U.S.<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Canada<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Mexico<br \/>\u00a0 \u00a0\u00a0\u2022 Europe<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Germany<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Russia<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 The Netherlands<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Belgium<br \/>\u00a0 \u00a0\u00a0\u2022 Asia Pacific<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 China<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Indonesia<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Malaysia<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Australia<br \/>\u00a0 \u00a0\u00a0\u2022 Central &amp; South America<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Brazil<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Argentina<br \/>\u00a0 \u00a0\u00a0\u2022 Middle East &amp; Africa<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 Saudi Arabia<br \/>\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u2022 UAE<\/p><p><strong>List of Key Players of Oil Storage Market<\/strong><br \/>\u00a0 \u00a0\u00a0\u2022 Vitol Tank Terminals International BV (VTTI)<br \/>\u00a0 \u00a0\u00a0\u2022 KoninklijkeVopak NV<br \/>\u00a0 \u00a0\u00a0\u2022 Oiltanking GmbH<br \/>\u00a0 \u00a0\u00a0\u2022 Shawcor Ltd.<br \/>\u00a0 \u00a0\u00a0\u2022 Buckeye Partners, L.P.<\/p><p><strong>Browse the Latest Market Research Reports with Million Insights:<\/strong><\/p><p><strong>\u2022\u00a0<a href=\"https:\/\/menafn.com\/mf_contact.aspx?src=Contact_Authors\" target=\"_blank\" rel=\"noopener\">Gas Turbine Market<\/a>\u00a0&#8211;\u00a0<\/strong>The global gas turbine market size was generated a revenue of USD 19.6 billion in 2019. It is also estimated to register a 5.4% CAGR from 2020 to 2027. The rising power demand across various industrial sectors and favorable initiatives undertaken by statutory governing bodies for reducing greenhouse emissions are projected to drive the demand for gas turbines.<\/p><p><strong>\u2022\u00a0<a href=\"https:\/\/menafn.com\/mf_contact.aspx?src=Contact_Authors\" target=\"_blank\" rel=\"noopener\">Artificial Intelligence in Healthcare Market<\/a>\u00a0&#8211;\u00a0<\/strong>The global artificial intelligence in healthcare market size was generated a revenue of USD 2.5 billion in 2018. It is also estimated to register a 41.5% CAGR from 2019 to 2025. The increasing need for enhancing the efficiency of healthcare procedures and services coupled with the rising importance of big data for predicting the outcomes is projected to drive the market growth.<\/p><p><strong>About Million Insights<\/strong><br \/>Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility &amp; the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food &amp; beverages, consumer goods, material science &amp; automotive.<\/p><p><span style=\"font-size: 16px\">Legal Disclaimer: <\/span><span style=\"font-size: 16px\">MENAFN provides the information \u201cas is\u201d without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.<\/span><\/p><p>Source: <a href=\"https:\/\/menafn.com\/index.aspx\">MENAFN<\/a><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7360b72d\" data-id=\"7360b72d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c5bfd48 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"c5bfd48\" data-element_type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t<div 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It includes a comprehensive evaluation of the market&#8217;s growth status and market risk. The global\u00a0\u00a0oil storage market\u00a0\u00a0size is projected to account [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":20137,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Oil Storage Market To Witness Appreciable Gains With 5.3% CAGR By 2027 | StocExpo","_seopress_titles_desc":"Oil Storage Market To Witness Appreciable Gains With 5.3% CAGR By 2027. You can keep up-to-date with all the latest industry bulk liquid storage news here with StocExpo.","_seopress_robots_index":"","footnotes":""},"categories":[322,268],"tags":[],"edition":[],"class_list":["post-21388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage","category-in-the-news"],"_links":{"self":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts\/21388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/comments?post=21388"}],"version-history":[{"count":0,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/posts\/21388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/media\/20137"}],"wp:attachment":[{"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/media?parent=21388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/categories?post=21388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/tags?post=21388"},{"taxonomy":"edition","embeddable":true,"href":"https:\/\/www.stocexpo.com\/en\/wp-json\/wp\/v2\/edition?post=21388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}