Market overview
The global oil storage market is worth USD 23.0 bn in 2026 and is forecast to reach USD 35.7 bn by 2036, growing at a 4.5% CAGR. United States is the largest country market and Crude oil is the largest by product segment.
| Scope | Commercial and strategic storage of crude oil and refined products in tanks and caverns, measured by storage fees and terminal revenue earned by operators. |
|---|---|
| Industry | Oil and Gas |
| Value 2025 | USD 22.0 bn |
| Value 2026 | USD 23.0 bn |
| Value 2036 | USD 35.7 bn |
| CAGR 2026-2036 | 4.5% |
| Volume 2026 | 389 million cubic metres |
| Volume 2036 | 496 million cubic metres |
| Average price 2026 | USD 59.0 per cubic metre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Oil Storage market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 23.0 bn |
| 2027 | USD 24.0 bn |
| 2028 | USD 25.1 bn |
| 2029 | USD 26.2 bn |
| 2030 | USD 27.4 bn |
| 2031 | USD 28.6 bn |
| 2032 | USD 29.9 bn |
| 2033 | USD 31.3 bn |
| 2034 | USD 32.7 bn |
| 2035 | USD 34.2 bn |
| 2036 | USD 35.7 bn |
Oil Storage market segmentation
By product
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Crude oil | 38.0% | 34.4% | USD 8.7 bn | 3.5% |
| Refined products | 34.0% | 33.9% | USD 7.8 bn | 4.5% |
| Petrochemicals and biofuels | 16.0% | 19.3% | USD 3.7 bn | 6.5% |
| LPG and other | 12.0% | 12.5% | USD 2.8 bn | 5.0% |
By tank type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Fixed roof | 38.0% | 36.6% | USD 8.7 bn | 4.1% |
| Floating roof | 34.0% | 34.4% | USD 7.8 bn | 4.6% |
| Underground and cavern | 14.0% | 13.5% | USD 3.2 bn | 4.1% |
| Spherical and bullet | 14.0% | 15.6% | USD 3.2 bn | 5.6% |
By operator
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Independent terminals | 34.0% | 36.2% | USD 7.8 bn | 5.2% |
| Oil company owned | 46.0% | 42.5% | USD 10.6 bn | 3.7% |
| Strategic reserve operators | 20.0% | 21.3% | USD 4.6 bn | 5.2% |
By service type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Commercial storage fees | 58.0% | 54.0% | USD 13.3 bn | 3.8% |
| Strategic reserve fees | 16.0% | 18.0% | USD 3.7 bn | 5.7% |
| Blending and ancillary services | 26.0% | 28.0% | USD 6.0 bn | 5.3% |
By facility size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under 100,000 m3 | 18.0% | 14.0% | USD 4.1 bn | 1.9% |
| 100,000 to 500,000 m3 | 38.0% | 34.0% | USD 8.7 bn | 3.3% |
| Above 500,000 m3 | 44.0% | 52.0% | USD 10.1 bn | 6.3% |
Top 25 countries for oil storage by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 76.0% of 2026 revenue and the 25 countries below together hold 93.3%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 5.5 bn | 24.0% | USD 8.1 bn | 4.0% |
| 2 | China | USD 3.2 bn | 14.0% | USD 5.5 bn | 5.4% |
| 3 | Netherlands | USD 1.4 bn | 6.0% | USD 1.9 bn | 3.4% |
| 4 | Singapore | USD 1.4 bn | 6.0% | USD 2.1 bn | 4.5% |
| 5 | United Arab Emirates | USD 1.1 bn | 5.0% | USD 2.0 bn | 5.5% |
| 6 | Japan | USD 1.1 bn | 5.0% | USD 1.5 bn | 2.5% |
| 7 | India | USD 1.1 bn | 5.0% | USD 2.4 bn | 7.4% |
| 8 | South Korea | USD 920 mn | 4.0% | USD 1.3 bn | 3.4% |
| 9 | Saudi Arabia | USD 920 mn | 4.0% | USD 1.5 bn | 5.0% |
| 10 | Belgium | USD 690 mn | 3.0% | USD 964 mn | 3.4% |
| 11 | Germany | USD 529 mn | 2.3% | USD 685 mn | 2.6% |
| 12 | Russia | USD 471 mn | 2.0% | USD 718 mn | 4.3% |
| 13 | Canada | USD 418 mn | 1.8% | USD 639 mn | 4.3% |
| 14 | Brazil | USD 372 mn | 1.6% | USD 571 mn | 4.4% |
| 15 | United Kingdom | USD 331 mn | 1.4% | USD 432 mn | 2.7% |
| 16 | Malaysia | USD 297 mn | 1.3% | USD 564 mn | 6.6% |
| 17 | Oman | USD 262 mn | 1.1% | USD 503 mn | 6.8% |
| 18 | Kuwait | USD 234 mn | 1.0% | USD 357 mn | 4.3% |
| 19 | France | USD 209 mn | 0.9% | USD 271 mn | 2.6% |
| 20 | Egypt | USD 186 mn | 0.8% | USD 353 mn | 6.6% |
| 21 | Italy | USD 166 mn | 0.7% | USD 253 mn | 4.3% |
| 22 | Taiwan | USD 147 mn | 0.6% | USD 225 mn | 4.3% |
| 23 | Spain | USD 131 mn | 0.6% | USD 200 mn | 4.3% |
| 24 | Mexico | USD 117 mn | 0.5% | USD 179 mn | 4.3% |
| 25 | Indonesia | USD 103 mn | 0.5% | USD 196 mn | 6.6% |
| Rest of world | USD 1.5 bn | 6.7% | USD 2.3 bn | 4.3% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Vopak
- Kinder Morgan
- Enterprise Products Partners
- Oiltanking
- Buckeye Partners
Group 2: Regional and specialist players
- VTTI
- Horizon Terminals
- ONEOK
- Evos
- Koole Terminals
- Enbridge
Group 3: Emerging and niche players
- Sunoco
- Plains All American
- Arc Terminals
- Tankstore
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the oil storage market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.5% is calculated from the resulting values.
The market is divided by product, by tank type, by operator, by service type, by facility size. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the oil storage market?
The global oil storage market is estimated at USD 22.0 bn in 2025 and USD 23.0 bn in 2026.
How fast will the oil storage market grow?
It is forecast to reach USD 35.7 bn by 2036, a compound annual growth rate of 4.5% from 2026, an increase of USD 12.7 bn.
Which country is the largest market for oil storage?
United States is the largest market by revenue at USD 5.5 bn in 2026, 24.0% of the global total. The three largest countries together hold 44.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 7.4% a year from 2026 to 2036.
Which oil storage segment is largest?
In the by product split, Crude oil is the largest segment with 38.0% of 2026 revenue.
Who are the leading oil storage companies?
Global leaders include Vopak, Kinder Morgan, Enterprise Products Partners, Oiltanking.
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