Europe Oil Storage Market Size & Outlook, 2019-2027

The oil storage market in Europe is expected to reach a projected revenue of US$ 436.2 cubic by 2027. A compound annual growth rate of 4.1% is expected of Europe oil storage market from 2020 to 2027.
Revenue, 2019 (Million cubic meters)
$317.0
Forecast, 2027 (Million cubic meters)
$436.2
CAGR, 2020 - 2027
4.1%
Report Coverage
Europe

Europe oil storage market highlights

  • The Europe oil storage market generated a revenue of Million 317.0 cubic in 2019.
  • The market is expected to grow at a CAGR of 4.1% from 2020 to 2027.
  • In terms of segment, crude oil was the largest revenue generating application in 2019.
  • Gasoline is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Russia is expected to register the highest CAGR from 2020 to 2027.

Europe data book summary

Market revenue in 2019Million 317.0 cubic
Market revenue in 2027Million 436.2 cubic
Growth rate4.1% (CAGR from 2019 to 2027)
Largest segmentCrude oil
Fastest growing segmentGasoline
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in Million cubic
Market segmentationCrude oil, Middle distillates, Gasoline, Aviation fuel
Key market players worldwideKoninklijke Vopak NV, Belships ASA, Castile Resources Ltd Ordinary Shares, Delta Oil & Gas Inc, VTTI, Oiltanking, Buckeye Partners, Schott Pharma AG & CO KGaA, Shawcor, Superior Tank Co., Inc.

Other key industry trends

  • In terms of revenue, Europe region accounted for 18.8% of the global oil storage market in 2019.
  • Globally, MEA is projected to lead the regional market in terms of revenue in 2027.
  • Latin America is the fastest growing regional market and is projected to reach Million 188.8 cubic by 2027.

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Oil Storage Market Scope

Oil storage market segmentation & scope
Application
Crude oil
Middle distillates
Gasoline
Aviation fuel
Others
Product
Open top
Fixed roof
Floating roof
Others

Oil Storage Market Companies

Name Profile # Employees HQ Website

Europe oil storage market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil storage market will help companies and investors design strategic landscapes.


Crude oil was the largest segment with a revenue share of 45.55% in 2019. Horizon Databook has segmented the Europe oil storage market based on crude oil, middle distillates, gasoline, aviation fuel covering the revenue growth of each sub-segment from 2016 to 2027.


  • Europe Oil Storage Application Outlook (Volume, Million cubic meters, 2016-2027)
    • Crude oil
    • Middle distillates
    • Gasoline
    • Aviation fuel
    • Others
  • Europe Oil Storage Product Outlook (Volume, Million cubic meters, 2016-2027)
    • Open top
    • Fixed roof
    • Floating roof
    • Others

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe oil storage market , including forecasts for subscribers. This continent databook contains high-level insights into Europe oil storage market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Europe oil storage market

Europe Oil Storage Market Outlook Share, 2019 & 2027 (Million cubic meters)

Europe oil storage market

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