Welding innovation comes to the rescue of a pandemic impacted oil storage market
According to analysts, the global worldwide
oil storage market was valued at USD
3.6 billion in 2019 and is forecast to grow
at a rate of over 4.4% between 2020 and
2027 [1]. There are several drivers fostering
this growth – from rapid expansion of
the oil and gas sector globally, owing to
increased demand from various industry
verticals such as chemical, automotive,
and pharmaceutical to the very considerable
demand for increased storage capacity
due to the COVID-19 pandemic.
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