UAE Oil Storage Terminal Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
UAE Oil Storage Terminal Market Size– By Type, By Tank Type, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: POAE2452 | Pages: 1 - 102 | Formats*: |
| Category : Power & Energy | |||
UAE Oil Storage Terminal Market Introduction and Overview
According to SPER Market Research, the UAE Oil Storage Terminal Market is estimated to reach USD 642.08 million by 2033 with a CAGR of 3.17%.
The report includes an in-depth analysis of the UAE Oil Storage Terminal Market, including market size and trends, product mix, applications, and supplier analysis. An oil storage terminal is a type of facility where refined petroleum products like jet fuel, diesel and petrol are kept. These terminals play a crucial role in the oil supply chain by guaranteeing a consistent and dependable flow of energy supplies to satisfy both domestic and global demand. In order to sustain energy security, promote economic expansion, and ease international trade, oil storage terminals are essential.
- In April 2020, Brooge Energy Limited announced the MUC Oil & Gas Engineering Consultancy's appointment through its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE. The consulting firm will assist in finishing the Front-End Engineering Design (FEED) research for Brogo’s Phase III oil storage terminals in Fujairah and the basic design for a refinery capable of producing 180,000 barrels per day.
- Gulf Petrochem, a company based in the United Arab Emirates, stated in January 2016 that it would be expanding its Fujairah port at a total cost of Dh 183.6 million (about $50 million). The Fujairah terminal had 412,000 cbm of storage capacity at one point. The extension has resulted in a 243,280 cubic metre (cbm) increase in storage capacity, raising the overall capacity to 655,280 cbm.
Market Opportunities and Challenges
Opportunities- The car and industrial industries in the UAE have grown tremendously in response to growing urbanisation and rising demand for a variety of end-use products. Automobile sales peaked in the last decade and have continued to rise year after year, resulting in increased acceptance of liquid petroleum. As a result, the growing automotive industry will help to drive market expansion. Furthermore, the sectors relying on crude oil products for aviation fuel and other applications have grown. The chemical industry requires certain light distillates from refineries to produce various compounds. This necessitates the construction of a certain type of storage tank terminal in accordance with the end product demand from various sectors. As a result, the rise of the chemical sector will drive market expansion.
Challenges- The growing usage of renewable fuel sources for aviation fuel and other industries that formerly used conventional fuels is one of the main market barriers for the oil storage terminals market. This has been sparked by growing concerns about the world temperature rising and carbon emission control programmes. Numerous industries that relied on fossil fuels and exacerbated global warming were forced to close as a result. Additionally, there are plans to use solar, wind, and other renewable energy sources to generate power in the UAE and many other countries across the world. The expensive cost of building the terminal and the necessary recurring maintenance is another barrier impeding progress.
Market Competitive Landscape
The market is consolidated because there are just a few players working in it. Currently, VTTI, GPS Chemoil, Brooge Energy Limited, Royal Vopak, GP Global, and Horizon Terminals dominate the market, accounting for a significant share in 2019.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Tank Type, By Product |
| Regions covered | Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al Khaimah, Fujairah |
| Companies Covered | VTTI, GPS Chemoil, Brooge Energy Limited, Royal Vopak, GP Global, Horizon Terminals. |
COVID-19 Impact on UAE Oil Storage Terminal Market
The COVID-19 epidemic has caused economic hardship in many industries and businesses throughout the world. The lockdown and social distancing restrictions imposed in response to the new coronavirus have devastated economic activity, interrupting supply chains, delaying projects, creating a labour shortage, and driving demand for goods and services to plummet. With a prohibition on international travel and fewer planes, global commerce activities have been paused for the time being. Several countries throughout the world regard oil and gas activities to be critical, and they have mostly been excluded from lockdown restrictions. The spread of Covid-19 is a major threat to the global oil and gas industry.
Key Target Audience:
- Oil and Gas Companies
- Logistics and Distribution Companies
- Investors and Financial Institutions
- Government and Regulatory Bodies
- Construction and Engineering Firms
- Service Providers
- End-users of Petroleum Products
- Environmental Organizations
Our in-depth analysis of the UAE Oil Storage Terminal Market includes the following segments:
| By Type: |
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| By Tank Type: |
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| By Product: |
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Key Topics Covered in the Report:
- UAE Oil Storage Terminal Market Size (FY’2024-FY’2033)
- Overview of UAE Oil Storage Terminal Market
- Segmentation of UAE Oil Storage Terminal Market by Type (Strategic Reserve, Commercial Reserve)
- Segmentation of UAE Oil Storage Terminal Market by Tank Type (Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank)
- Segmentation of UAE Oil Storage Terminal Market by Product (Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, Others)
- Statistical Snap of UAE Oil Storage Terminal Market
- Expansion Analysis of UAE Oil Storage Terminal Market
- Problems and Obstacles in UAE Oil Storage Terminal Market
- Competitive Landscape in the UAE Oil Storage Terminal Market
- Impact of COVID-19 and Demonetization on UAE Oil Storage Terminal Market
- Details on Current Investment in UAE Oil Storage Terminal Market
- Competitive Analysis of UAE Oil Storage Terminal Market
- Prominent Players in the UAE Oil Storage Terminal Market
- SWOT Analysis of UAE Oil Storage Terminal Market
- UAE Oil Storage Terminal Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the UAE Oil Storage Terminal Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. UAE Oil Storage Terminal Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in UAE Oil Storage Terminal Market
7. UAE Oil Storage Terminal Market, By Type (USD Million) 2020-2033
7.1. UAE Oil Storage Terminal Market Size, Share and Forecast, By Type, 2020-20267.2. UAE Oil Storage Terminal Market Size, Share and Forecast, By Type, 2027-20337.3. Strategic Reserve7.4. Commercial Reserve
8. UAE Oil Storage Terminal Market, By Tank Type (USD Million) 2020-2033
8.1. UAE Oil Storage Terminal Market Size, Share and Forecast, By Tank Type, 2020-20268.2. UAE Oil Storage Terminal Market Size, Share and Forecast, By Tank Type, 2027-20338.3. Fixed Roof8.4. Floating Roof8.5. Bullet Tank8.6. Spherical Tank
9. UAE Oil Storage Terminal Market, By Product (USD Million) 2020-2033
9.1. UAE Oil Storage Terminal Market Size, Share and Forecast, By Product, 2020-20269.2. UAE Oil Storage Terminal Market Size, Share and Forecast, By Product, 2027-20339.3. Diesel9.4. Petrol9.5. Aviation Fuel9.6. Crude Oil9.7. Kerosene9.8. Others
10. UAE Oil Storage Terminal Market Forecast, 2020-2033 (USD Million)
10.1. UAE Oil Storage Terminal Market Size and Market Share
11. UAE Oil Storage Terminal Market, By Region, 2020-2033 (USD Million)
11.1. UAE Oil Storage Terminal Market Size and Market Share By Region (2020-2026)11.2. UAE Oil Storage Terminal Market Size and Market Share By Region (2027-2033)11.3. Abu Dhabi11.4. Dubai11.5. Sharjah11.6. Ajman11.7. Umm Al-Quwain11.8. Ras Al Khaimah11.9. Fujairah
12. Company Profile
12.1. VTTI12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. GPS Chemoil12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Brooge Energy Limited12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Royal Vopak12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. GP Global12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Horizon Terminals12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
UAE Oil Storage Terminal Market is projected to reach USD 642.08 million by 2033, growing at a CAGR of 3.17% during the forecast period.
UAE Oil Storage Terminal Market grew in market size from 2024. The Market is expected to reach USD 642.08 million by 2033, at a CAGR of 3.17% during the forecast period.
UAE Oil Storage Terminal Market CAGR of 3.17% during the forecast period.
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UAE Oil Storage Terminal Market size is USD 642.08 million from 2024 to 2033.
UAE Oil Storage Terminal Market Segment is Covered By Type, By Tank Type, By Product
The Middle East region is anticipated to have the highest market share in UAE Oil Storage Terminal Market.
The key players in the market include Companies Covered VTTI, GPS Chemoil, Brooge Energy Limited, Royal Vopak, GP Global, Horizon Terminals.
The growing usage of renewable fuel sources for aviation fuel and other industries that formerly used conventional fuels is one of the main market barriers for the oil storage terminals market.
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