Middle East & Africa Oil Storage Market Size & Outlook
Middle East & Africa oil storage market, 2016-2027 (Million cubic meters)
Related Markets
MEA oil storage market highlights
- The MEA oil storage market generated a revenue of Million 586.0 cubic in 2019.
- The market is expected to grow at a CAGR of 5.2% from 2020 to 2027.
- In terms of segment, crude oil was the largest revenue generating application in 2019.
- Middle distillates is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | Million 586.0 cubic |
| Market revenue in 2027 | Million 877.5 cubic |
| Growth rate | 5.2% (CAGR from 2019 to 2027) |
| Largest segment | Crude oil |
| Fastest growing segment | Middle distillates |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in Million cubic |
| Market segmentation | Crude oil, Middle distillates, Gasoline, Aviation fuel |
| Key market players worldwide | Koninklijke 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, MEA region accounted for 34.8% 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.
Key Regions: UAE , U.S. , Brazil , Saudi Arabia , Canada
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Oil Storage Market Scope
Oil Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 55.03% in 2019. Horizon Databook has segmented the Middle East & Africa oil storage market based on crude oil, middle distillates, gasoline, aviation fuel covering the revenue growth of each sub-segment from 2016 to 2027.
- Middle East & Africa Oil Storage Application Outlook (Volume, Million cubic meters, 2016-2027)
- Crude oil
- Middle distillates
- Gasoline
- Aviation fuel
- Others
- Middle East & Africa 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 Middle East & Africa oil storage market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa oil storage market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Oil Storage Market Outlook Share, 2019 & 2027 (Million cubic meters)
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