Europe Oil Storage Market Projected to Reach USD 3,593.8 Million by 2026

19-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Oil Storage Market By Product (Gasoline, Middle Distillates, Crude Oil, Aviation Fuel, Other) By Storage (Open Top Tanks, Floating Roof Tanks, Fixed Roof Tanks, Other), and By Reserve (Strategic, Commercial): Europe Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the Europe oil storage market in 2019 was around USD 2,700.0 Million. The market is expected to grow at a CAGR of 3% and is anticipated to reach around USD 3,593.8 Million by 2026.

Oil accessibility is essential for the EU. Its use is concerted on the highway, marine, and air transport and to some extent in the industrial sector. More than 80% of the oil used up in the EU is imported. Oil after Norway is not a concern since the country is part of the European Economic Area, then the further supplies are occasionally professed as a prospective source of uncertainty for Europe’s energy supply, in certain for countries like Slovakia, Poland, Hungary, and Lithuania that remain to oil import is depends on Russia. In the short duration, the stability of oil quantity is susceptible typically to geopolitical problems.

In the long duration, the capability of the source depends on the capability to retain source and demand in balance through investments in exploration, production, and refining. A resource can be disturbed moreover the usual process of the remaining supply capacity is interrupted or because the existing supplies capacity is unable to meet demand. As regards oil product and oil supply, necessary shares are recycled as the major tool to ensure the security of supply, since the concern is limited to the availability of crude oil or refined products.

Browse the full “Oil Storage Market By Product (Gasoline, Middle Distillates, Crude Oil, Aviation Fuel, Other) By Storage (Open Top Tanks, Floating Roof Tanks, Fixed Roof Tanks, Other), and By Reserve (Strategic, Commercial): Europe Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/oil-storage-market-by-product-gasoline-middle-distillates-841

The possibility of oil supply disturbances is essential to oil source organisms.  Among several reasons, the disruptions may occur owing to harm to supply tankers, facilities, or pipelines produced by blockage of chokepoints, accidents, terrorism or wars, political instability. Oil extra awareness strategies in such emergency conditions to withstand the risk of severe economic damage become quite unavoidable.

On the basis of the product, the oil storage market is classified into middle distillates, gasoline, aviation fuel, crude oil, and others. Gasoline used for the storage of oil, petrol, and others. Plastic fuel oil gasoline tank meant for car truck air diesel parking. The type of a specific gasoline mixture to attack kindling too early which bases bashing and ease efficacy in responding devices is restrained through its octane rating which is formed in several grades.

On the basis of the storage, the oil storage market is classified into open-top tanks, floating roof tanks, fixed roof tanks, others.A floating roof tank remains a storage tank usually used to the stock of large amounts of fuel products such as condensate or crude oil.

On the basis of the reserve, the oil storage market is classified into strategic, commercial. The demand for commercial oil storage is increasing, particularly for smaller storage yards and power generation facilities. The tanks remain fabricated to meet each necessity and are furthermost generally used for fuel oil, diesel, AV-GAS, or jet fuel.

Report Scope

Some of the leading players in the global market include

TUFFA UK LIMITED, Royal Vopak, Marquard&Bahls AG, Haase Tank GmbH, CST Industries (A subsidiary of Solace Capital Partners ), Impel Group, Merkland Tank Limited, Zwanny Limited, Kersten Europe B.V., and others.

This report segments the oil storage market as follows:

By Product Segmentation Analysis

• Gasoline
• Middle Distillates
• Crude Oil
• Aviation Fuel
• Other

By Storage Segmentation Analysis

• Open Top Tanks
• Floating Roof Tanks
• Fixed Roof Tanks
• Other

By Reserve Segmentation Analysis

• Strategic
• Commercial

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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