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Oil Storage Market Size, Share and Forecast 2026-2036

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.

USD 23.0 bnMarket size 2026
USD 35.7 bnForecast 2036
4.5%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeCommercial and strategic storage of crude oil and refined products in tanks and caverns, measured by storage fees and terminal revenue earned by operators.
IndustryOil and Gas
Value 2025USD 22.0 bn
Value 2026USD 23.0 bn
Value 2036USD 35.7 bn
CAGR 2026-20364.5%
Volume 2026389 million cubic metres
Volume 2036496 million cubic metres
Average price 2026USD 59.0 per cubic metre
Report priceStarts from USD 1,999
PublishedNovember 2026

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Oil Storage market size and forecast, 2026-2036

Exhibit 1The global oil storage market is forecast to grow from USD 23.0 bn in 2026 to USD 35.7 bn by 2036, a rise of 55%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 4.5%
Oil Storage market value, 2025 to 2036Market value by year. 2025: USD 22.0 bn; 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. Compound annual growth rate 2026 to 2036: 4.5%.202523.0 bn202628.6 bn203135.7 bn20364.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 23.0 bn
2027USD 24.0 bn
2028USD 25.1 bn
2029USD 26.2 bn
2030USD 27.4 bn
2031USD 28.6 bn
2032USD 29.9 bn
2033USD 31.3 bn
2034USD 32.7 bn
2035USD 34.2 bn
2036USD 35.7 bn

Oil Storage market segmentation

By product

Exhibit 2Crude oil is the largest segment by product, with 38.0% of 2026 revenueEstimated share of 2026 global revenue, by product
Oil Storage market share by product, 2026Share of 2026 revenue by product. Crude oil: 38.0%; Refined products: 34.0%; Petrochemicals and biofuels: 16.0%; LPG and other: 12.0%.Crude oil38.0%Refined products34.0%Petrochemicals and biofuels16.0%LPG and other12.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Crude oil38.0%34.4%USD 8.7 bn3.5%
Refined products34.0%33.9%USD 7.8 bn4.5%
Petrochemicals and biofuels16.0%19.3%USD 3.7 bn6.5%
LPG and other12.0%12.5%USD 2.8 bn5.0%

By tank type

Exhibit 3Floating roof adds the most revenue by tank type, growing from USD 7.8 bn in 2026 to USD 12.3 bn by 2036Estimated revenue in USD by tank type, 2026 and 2036 forecast
Oil Storage market by tank type, 2026 and 2036Revenue by tank type in 2026 and 2036. Fixed roof: USD 8.7 bn in 2026, USD 13.1 bn in 2036, change +50%; Floating roof: USD 7.8 bn in 2026, USD 12.3 bn in 2036, change +57%; Spherical and bullet: USD 3.2 bn in 2026, USD 5.6 bn in 2036, change +73%; Underground and cavern: USD 3.2 bn in 2026, USD 4.8 bn in 2036, change +50%.20262036 forecastChangeFixed roof+50%8.7 bn13.1 bnFloating roof+57%7.8 bn12.3 bnSpherical and bullet+73%3.2 bn5.6 bnUnderground and cavern+50%3.2 bn4.8 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Fixed roof38.0%36.6%USD 8.7 bn4.1%
Floating roof34.0%34.4%USD 7.8 bn4.6%
Underground and cavern14.0%13.5%USD 3.2 bn4.1%
Spherical and bullet14.0%15.6%USD 3.2 bn5.6%

By operator

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Independent terminals34.0%36.2%USD 7.8 bn5.2%
Oil company owned46.0%42.5%USD 10.6 bn3.7%
Strategic reserve operators20.0%21.3%USD 4.6 bn5.2%

By service type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Commercial storage fees58.0%54.0%USD 13.3 bn3.8%
Strategic reserve fees16.0%18.0%USD 3.7 bn5.7%
Blending and ancillary services26.0%28.0%USD 6.0 bn5.3%

By facility size

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under 100,000 m318.0%14.0%USD 4.1 bn1.9%
100,000 to 500,000 m338.0%34.0%USD 8.7 bn3.3%
Above 500,000 m344.0%52.0%USD 10.1 bn6.3%

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%.

Exhibit 4United States is the largest country market at USD 5.5 bn in 2026, and the three largest countries hold 44.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Oil Storage market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 5.5 bn, 24.0%; China: USD 3.2 bn, 14.0%; Netherlands: USD 1.4 bn, 6.0%; Singapore: USD 1.4 bn, 6.0%; United Arab Emirates: USD 1.1 bn, 5.0%; Japan: USD 1.1 bn, 5.0%; India: USD 1.1 bn, 5.0%; South Korea: USD 920 mn, 4.0%; Saudi Arabia: USD 920 mn, 4.0%; Belgium: USD 690 mn, 3.0%.United States5.5 bn 24.0%China3.2 bn 14.0%Netherlands1.4 bn 6.0%Singapore1.4 bn 6.0%United Arab Emirates1.1 bn 5.0%Japan1.1 bn 5.0%India1.1 bn 5.0%South Korea920 mn 4.0%Saudi Arabia920 mn 4.0%Belgium690 mn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 5.5 bn24.0%USD 8.1 bn4.0%
2ChinaUSD 3.2 bn14.0%USD 5.5 bn5.4%
3NetherlandsUSD 1.4 bn6.0%USD 1.9 bn3.4%
4SingaporeUSD 1.4 bn6.0%USD 2.1 bn4.5%
5United Arab EmiratesUSD 1.1 bn5.0%USD 2.0 bn5.5%
6JapanUSD 1.1 bn5.0%USD 1.5 bn2.5%
7IndiaUSD 1.1 bn5.0%USD 2.4 bn7.4%
8South KoreaUSD 920 mn4.0%USD 1.3 bn3.4%
9Saudi ArabiaUSD 920 mn4.0%USD 1.5 bn5.0%
10BelgiumUSD 690 mn3.0%USD 964 mn3.4%
11GermanyUSD 529 mn2.3%USD 685 mn2.6%
12RussiaUSD 471 mn2.0%USD 718 mn4.3%
13CanadaUSD 418 mn1.8%USD 639 mn4.3%
14BrazilUSD 372 mn1.6%USD 571 mn4.4%
15United KingdomUSD 331 mn1.4%USD 432 mn2.7%
16MalaysiaUSD 297 mn1.3%USD 564 mn6.6%
17OmanUSD 262 mn1.1%USD 503 mn6.8%
18KuwaitUSD 234 mn1.0%USD 357 mn4.3%
19FranceUSD 209 mn0.9%USD 271 mn2.6%
20EgyptUSD 186 mn0.8%USD 353 mn6.6%
21ItalyUSD 166 mn0.7%USD 253 mn4.3%
22TaiwanUSD 147 mn0.6%USD 225 mn4.3%
23SpainUSD 131 mn0.6%USD 200 mn4.3%
24MexicoUSD 117 mn0.5%USD 179 mn4.3%
25IndonesiaUSD 103 mn0.5%USD 196 mn6.6%
Rest of worldUSD 1.5 bn6.7%USD 2.3 bn4.3%
Exhibit 5United States and China account for 38% of the USD 12.7 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Oil Storage market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 23.0 bn. United States: +USD 2.6 bn; China: +USD 2.2 bn; India: +USD 1.2 bn; United Arab Emirates: +USD 814 mn; Singapore: +USD 763 mn; 20 other countries: +USD 4.3 bn; Rest of world: +USD 807 mn. Market value 2036: USD 35.7 bn.Market value 202623.0 bnUnited States+2.6 bnChina+2.2 bnIndia+1.2 bnUnited Arab Emirates+814 mnSingapore+763 mn20 other countries+4.3 bnRest of world+807 mnMarket value 203635.7 bn

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.

Read the full research methodology

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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