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Global Capacity and Capital Expenditure Outlook for Oil and Chemical Storage - Oman and China Drive Global Storage to Record Capacity

  • October 2015
  • 41 pages
  • GlobalData
Report ID: 3358855

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Global Capacity and Capital Expenditure Outlook for Oil and Chemical Storage - Oman and China Drive Global Storage to Record Capacity

Summary

The global oil and chemical storage industry is poised for substantial 15% growth over the next four years. Asia, Middle East and North America are the three major regions in the world to witness construction of new oil and chemical storage sites by 2019. The three regions are expected to collectively spend about US$37 billion to build new oil and chemical storage facilities for minimizing supply risks and to aid their exports. The storage capacity in Asia alone is set to increase by 368 mmbbl or about 50% of the total global capacity growth by 2019. Regions such as Europe, Africa and South America are expected to witness relatively low oil and chemical storage capacity additions of 38.6 mmbbl, 29.6 mmbbl and 6.9 mmbbl respectively by 2019.

Scope

- Historical oil and chemical storage capacity data by major regions in the world from 2009 to 2014, forecasts up to 2019
- Annual breakdown of capital expenditure spending on proposed oil and chemical storage projects for the period 2015 to 2019
- Planned oil and chemical storage capacity additions and capital expenditure spending by key countries and companies across the world
- Region wise planned capacity additions and capital expenditure spending of new oil and chemical storage projects by key countries and companies
- Details of major planned oil and chemical storage projects in the world up to 2019

Reasons to buy

- Obtain the most up to date information available on oil and chemical storage projects across the world
- Identify growth segments and opportunities in the oil and chemical storage industry
- Facilitate decision making on the basis of strong historic and forecasts of oil and chemical storage projects data
- Develop business strategies with the help of specific insights about the planned oil and chemical storage projects across the world
- Keep abreast of key planned oil and chemical storage projects across the world
- Assess your competitor’s planned oil and chemical storage projects and capacities

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