1 / 6

Oil Storage Market Top Trends, Future Analysis & Forecast 2022- 2030

Oil Storage Market Top Trends, Future Analysis & Forecast 2022-<br>2030

saif20
Download Presentation

Oil Storage Market Top Trends, Future Analysis & Forecast 2022- 2030

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Oil Storage Market is expected to be USD 1144.2 Million by 2030

  2. Industry Overview • The oil storage market is poised to depict considerable growth, driven by advancements in the construction of improved storage facilities, investments in oil trade, and positive government support. • The rapid post-COVID-19 recovery of aviation, the oil and gas industry, and other industrial sectors are further poised to accelerate the oil storage market in the coming years. • The introduction of enhanced capabilities of oil storage tanks to improve storage capacities and increasing trade practices as a result of cross-border relations would add to the oil storage market demand. • Rising investments from industry players are also presenting new pathways of growth for the oil storage business landscape. • A recent Global Market Insights Inc. report cites that the oil storage market is expected to register a valuation of 1,100 million cubic meters (Capacity) through 2030.

  3. Continue… • Below is a brief overview of key factors in the field that will augment the market revenues through 2030: • A key trend being observed in the oil storage sector is rising investments in the construction of new oil storage units by key market players. The companies are focusing on building new storage units to expand storage capacities. Citing an instance, recently, the Jiangsu province of China observed the completion of the prominent structure of the country’s largest LPG storage base. The base has a storage capacity of 2.5 million cubic meters, and will be fully operational in 2023. The unit will store approximately 6 million tonnes of LNG yearly, which is equivalent to over 8.5 billion cubic meters of natural gas. • Stating another instance, in December 2021, Arroyo Investors, an investment manager headquartered in Houston, announced its investments in Gasmar S.A., which is a storage and terminal facility for LPG in Chile. Moreover, Gasmar’s Quintero Bay facility is known as one of the largest LPG terminals on the Pacific Coast of South America. Also, Gasmar is set to construct a new terminal in Mejillones Bay to extend its footprint in Chile.

  4. Browse Full Market Research Report Of Oil Storage Market@ https://www.gminsights.com/industry-analysis/oil-storage-market Inquiry Before Buying@ https://www.gminsights.com/inquiry-before-buying/803 Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/803

  5. Oil Storage Market

  6. Stay In Touch Website: www.gminsights.com Social Media:

More Related