Top 10 Global Oil and Chemicals Storage Markets: Capacity Growth,

March 21, 2011 - PRLog -- “Top 10 Global Oil and Chemicals Storage Markets: Capacity Growth, Market Analysis and Competitive Landscape”, is the latest report from GlobalData, the industry analysis specialists, offering comprehensive information on the top 10 oil and chemicals storage markets in the world. This study provides an in-depth analysis of the key trends, drivers and challenges in the US, China, Japan, the Republic of Korea, Saudi Arabia, Indonesia, Spain, the Netherlands, Germany and Brazil. The research compares these markets by operational, market and financial indicators and provides an overview and analysis of the oil storage industry in each market.

Two Thirds of Global Oil and Chemicals Storage Capacity lies in the Top 10 Markets

Global oil storage is a consolidated industry to a large extent, as the top ten oil and chemicals storage markets in the world, the US, China, Japan, the Republic of Korea, Saudi Arabia, Indonesia, Spain, the Netherlands, Germany and Brazil, account for 66.6% of global storage capacity. In 2009, these markets had a total storage capacity of 330,854 Thousand M3.

Top 10 Global Oil and Chemicals Storage Markets, Storage Capacity (Thousand M3), 2000 - 2013

Source: GlobalData

Asia Pacific is Likely to See The Republic of Korea Transform into a New Storage Hub

The Republic of Korea has two distinct advantages – its geographic proximity to the industrial sectors of China and Japan and the fact that it lies astride the North Pacific’s shipping route. The country is planning to construct a 950 thousand M3 storage terminal at Yeosu. Using these advantages, the Republic of Korea plans to transform itself into a key storage hub in the Asia Pacific.

Top Storage Markets That are in Europe and North America Will Witness Sluggish Growth to 2013

The top 10 oil and chemical storage markets in Europe and North America are expected to witness sluggish growth between 2009 and 2013. As these markets already have adequate infrastructure to meet domestic demand in the near future, they tend to invest less in the construction of new storage terminals. Only the Netherlands and the US are expected to increase their storage infrastructure (although only by a slight increment) during this period.

Top 10 Global Oil and Chemicals Storage Markets, Storage Capacity Increase through Planned Terminal Constructions and Active Terminal Expansions (Thousand M3), 2010-2013

Source: GlobalData For more details, please vist http://www.reportreserve.com/reportdet.php?company=Global...

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