The global oil and chemical storage industry is poised for 15% growth over the next four years. Asia, Middle East and North America are the three major regions to witness the construction of new oil and chemical storage sites by 2019, and are expected to collectively spend an estimated US$37 billion to build new oil and chemical storage facilities to minimise supply risks and aid exports. In Asia alone, storage capacity is set to increase by 368 mmbbl, approximately 50% of the total global capacity growth by 2019.
GlobalData’s latest report Global Capacity and Capital Expenditure Outlook for Oil and Chemical Storage provides detailed information on the historical oil and chemical storage capacity data by major regions in the world from 2009 to 2014, with forecasts up to 2019.
This report covers:
- An annual breakdown of the capital expenditure spending on proposed oil and chemical storage projects for the period 2015 to 2019
- Planned oil and chemical storage capacity additions and capital expenditure spending by key countries and companies across the world
- Region wise planned capacity additions and capital expenditure spending of new oil and chemical storage projects by key countries and companies
- Details of major planned oil and chemical storage projects in the world up to 2019
Asia, Middle East and North America will collectively drive construction of new oil and chemical storage terminals.. Find out more!