Canada Oil Storage Market Size & Outlook, 2026-2033

The oil storage market in Canada is expected to reach a projected revenue of US$ 238.2 cubic by 2033. A compound annual growth rate of 3.8% is expected of Canada oil storage market from 2026 to 2033.
Revenue, 2025 (Million cubic meters)
$175.8
Forecast, 2033 (Million cubic meters)
$238.2
CAGR, 2026 - 2033
3.8%
Report Coverage
Canada

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Canada oil storage market, 2021-2033 (Million cubic meters)

Canada oil storage market, 2021-2033 (Million cubic meters)

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Canada oil storage market highlights

  • The Canada oil storage market generated a revenue of Million 175.8 cubic in 2025 and is expected to reach Million 238.2 cubic by 2033.
  • The Canada market is expected to grow at a CAGR of 3.8% from 2026 to 2033.
  • In terms of segment, crude oil was the largest revenue generating application in 2025.
  • Aviation fuel is the most lucrative application segment registering the fastest growth during the forecast period.


Oil storage market data book summary

Market revenue in 2025Million 175.8 cubic
Market revenue in 2033Million 238.2 cubic
Growth rate3.8% (CAGR from 2026 to 2033)
Largest segmentCrude oil
Fastest growing segmentAviation fuel
Historical data2021 - 2024
Base year2025
Forecast period2026 - 2033
Quantitative unitsRevenue in Million cubic
Market segmentationCrude oil, Middle distillates, Gasoline, Aviation fuel
Key market players worldwideKoninklijke Vopak NV, Belships ASA, Castile Resources Ltd Ordinary Shares, Delta Oil & Gas Inc, VTTI, Oiltanking, Buckeye Partners, Schott Pharma AG & CO KGaA, Shawcor, Superior Tank Co., Inc.


Other key industry trends

  • In terms of revenue, Canada accounted for 7.6% of the global oil storage market in 2025.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
  • In North America, U.S. oil storage market is projected to lead the regional market in terms of revenue in 2033.
  • Mexico is the fastest growing regional market in North America and is projected to reach Million 124.4 cubic by 2033.

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Oil Storage Market Scope

Oil storage market segmentation & scope
Application
Crude oil
Middle distillates
Gasoline
Aviation fuel
Others
Product
Open top
Fixed roof
Floating roof
Others

Oil Storage Market Companies

Name Profile # Employees HQ Website
Superior Tank Co., Inc. View profile 51-100 Rancho Cucamonga, California, United States, North America https://www.superiortank.com
Shawcor View profile 1001-5000 Toronto, Ontario, Canada, North America https://www.shawcor.com
Buckeye Partners View profile 501-1000 Houston, Texas, United States, North America -
Oiltanking View profile 1001-5000 Hamburg, Hamburg, Germany, Europe http://www.oiltanking.com/Oiltanking/en/home/index.php
VTTI View profile 5001-10000 Rotterdam, Zuid-Holland, The Netherlands, Europe https://www.vtti.com/
Delta Oil & Gas Inc View profile 3 700 West Pender Street, Suite 604, Vancouver, BC, Canada, V6C 1G8
Castile Resources Ltd Ordinary Shares View profile - 17 Southport Street, Suite 1A, West Leederville, WA, Australia, 6007 https://www.castile.com.au
Belships ASA View profile 145 Lilleakerveien 6D, 7th floor, Oslo, Norway, N-0283 https://www.belships.com
Koninklijke Vopak NV View profile 5505 Westerlaan 10, Rotterdam, Netherlands, 3016 CK https://www.vopak.com
Schott Pharma AG & CO KGaA View profile 4646 Hattenbergstrasse 10, Mainz, RP, Germany, 55122 https://www.schott-pharma.com

Canada oil storage market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil storage market will help companies and investors design strategic landscapes.


Crude oil was the largest segment with a revenue share of 61.43% in 2025. Horizon Databook has segmented the Canada oil storage market based on crude oil, middle distillates, gasoline, aviation fuel covering the revenue growth of each sub-segment from 2021 to 2033.


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Horizon Databook provides a detailed overview of country-level data and insights on the Canada oil storage market , including forecasts for subscribers. This country databook contains high-level insights into Canada oil storage market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Canada Oil Storage Market Outlook Share, 2025 & 2033 (Million cubic meters)

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