Market overview
The global oil terminal market is worth USD 39.5 bn in 2026 and is forecast to reach USD 57.4 bn by 2036, growing at a 3.8% CAGR. United States is the largest country market and Refined products is the largest by product segment.
| Scope | Terminalling services for crude oil and refined products: storage, throughput, blending and handling revenue of independent and oil-company terminals. |
|---|---|
| Industry | Oil and Gas |
| Value 2025 | USD 38.0 bn |
| Value 2026 | USD 39.5 bn |
| Value 2036 | USD 57.4 bn |
| CAGR 2026-2036 | 3.8% |
| Volume 2026 | 1,325 million cubic metres |
| Volume 2036 | 1,579 million cubic metres |
| Average price 2026 | USD 29.8 per cubic metre |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Oil Terminal market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 39.5 bn |
| 2027 | USD 41.0 bn |
| 2028 | USD 42.6 bn |
| 2029 | USD 44.2 bn |
| 2030 | USD 45.9 bn |
| 2031 | USD 47.6 bn |
| 2032 | USD 49.4 bn |
| 2033 | USD 51.3 bn |
| 2034 | USD 53.3 bn |
| 2035 | USD 55.3 bn |
| 2036 | USD 57.4 bn |
Oil Terminal 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 | 36.0% | 33.2% | USD 14.2 bn | 3.0% |
| Refined products | 38.0% | 37.1% | USD 15.0 bn | 3.5% |
| Petrochemicals and chemicals | 14.0% | 14.6% | USD 5.5 bn | 4.2% |
| Biofuels and LNG-related | 12.0% | 15.1% | USD 4.7 bn | 6.2% |
By terminal type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Marine terminals | 46.0% | 46.4% | USD 18.2 bn | 3.9% |
| Inland terminals | 30.0% | 28.9% | USD 11.9 bn | 3.4% |
| Pipeline-linked terminals | 24.0% | 24.7% | USD 9.5 bn | 4.1% |
By ownership
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Independent terminal operators | 44.0% | 45.1% | USD 17.4 bn | 4.1% |
| Oil company terminals | 38.0% | 33.5% | USD 15.0 bn | 2.5% |
| National oil company terminals | 18.0% | 21.4% | USD 7.1 bn | 5.6% |
By service
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Storage rental | 48.0% | 42.6% | USD 19.0 bn | 2.6% |
| Throughput and handling | 30.0% | 31.0% | USD 11.9 bn | 4.1% |
| Blending and value-added services | 12.0% | 14.4% | USD 4.7 bn | 5.7% |
| Heating and vapour recovery | 10.0% | 12.0% | USD 4.0 bn | 5.7% |
By terminal capacity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Below 100,000 m3 | 20.0% | 16.6% | USD 7.9 bn | 1.9% |
| 100,000 to 500,000 m3 | 38.0% | 36.5% | USD 15.0 bn | 3.4% |
| Above 500,000 m3 | 42.0% | 46.9% | USD 16.6 bn | 5.0% |
Top 25 countries for oil terminal 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 92.8%.
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 8.7 bn | 22.0% | USD 12.2 bn | 3.5% |
| 2 | China | USD 5.9 bn | 15.0% | USD 9.2 bn | 4.5% |
| 3 | Netherlands | USD 2.8 bn | 7.0% | USD 3.7 bn | 3.0% |
| 4 | Singapore | USD 2.4 bn | 6.0% | USD 3.3 bn | 3.5% |
| 5 | India | USD 2.0 bn | 5.0% | USD 3.7 bn | 6.4% |
| 6 | Saudi Arabia | USD 2.0 bn | 5.0% | USD 2.9 bn | 4.0% |
| 7 | Japan | USD 1.8 bn | 4.5% | USD 2.2 bn | 2.1% |
| 8 | United Arab Emirates | USD 1.8 bn | 4.5% | USD 2.8 bn | 4.5% |
| 9 | South Korea | USD 1.6 bn | 4.0% | USD 2.1 bn | 3.0% |
| 10 | Belgium | USD 1.2 bn | 3.0% | USD 1.6 bn | 3.1% |
| 11 | Russia | USD 1.1 bn | 2.8% | USD 1.6 bn | 3.7% |
| 12 | Spain | USD 763 mn | 1.9% | USD 1.1 bn | 3.8% |
| 13 | United Kingdom | USD 609 mn | 1.5% | USD 878 mn | 3.7% |
| 14 | Germany | USD 522 mn | 1.3% | USD 752 mn | 3.7% |
| 15 | Brazil | USD 462 mn | 1.2% | USD 666 mn | 3.7% |
| 16 | Canada | USD 415 mn | 1.1% | USD 603 mn | 3.8% |
| 17 | France | USD 383 mn | 1.0% | USD 551 mn | 3.7% |
| 18 | Italy | USD 356 mn | 0.9% | USD 511 mn | 3.7% |
| 19 | Malaysia | USD 332 mn | 0.8% | USD 482 mn | 3.8% |
| 20 | Oman | USD 316 mn | 0.8% | USD 453 mn | 3.7% |
| 21 | Turkey | USD 300 mn | 0.8% | USD 430 mn | 3.7% |
| 22 | Egypt | USD 285 mn | 0.7% | USD 407 mn | 3.6% |
| 23 | Mexico | USD 273 mn | 0.7% | USD 390 mn | 3.6% |
| 24 | Indonesia | USD 261 mn | 0.7% | USD 402 mn | 4.4% |
| 25 | South Africa | USD 253 mn | 0.6% | USD 362 mn | 3.6% |
| Rest of world | USD 2.8 bn | 7.2% | USD 4.1 bn | 3.6% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Vopak
- Kinder Morgan
- Oiltanking
- Enterprise Products Partners
- Plains All American
- Buckeye Partners
- Energy Transfer
Group 2: Regional and specialist players
- ONEOK
- Odfjell Terminals
- Horizon Terminals
- Intercontinental Terminals Company
- Zenith Energy
- Stolthaven Terminals
- Global Partners
Group 3: Emerging and niche players
- Koole Terminals
- Evos
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 terminal 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 3.8% is calculated from the resulting values.
The market is divided by product, by terminal type, by ownership, by service, by terminal capacity. 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 terminal market?
The global oil terminal market is estimated at USD 38.0 bn in 2025 and USD 39.5 bn in 2026.
How fast will the oil terminal market grow?
It is forecast to reach USD 57.4 bn by 2036, a compound annual growth rate of 3.8% from 2026, an increase of USD 17.9 bn.
Which country is the largest market for oil terminal?
United States is the largest market by revenue at USD 8.7 bn in 2026, 22.0% 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 6.4% a year from 2026 to 2036.
Which oil terminal segment is largest?
In the by product split, Refined products is the largest segment with 38.0% of 2026 revenue.
Who are the leading oil terminal companies?
Global leaders include Vopak, Kinder Morgan, Oiltanking, Enterprise Products Partners.
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