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Bulk Storage Services in the US Procurement Price, Data and Insights
Bulk storage is used to hold liquid and dry bulk goods, including crude oil, refined petroleum, liquefied natural gas, chemicals, sand, aggregates, coal, and metals. Suppliers provide in-ground and aboveground storage services. These services are typically purchased from suppliers that range from large national suppliers to small local suppliers. Buyers in this market include petroleum refineries, chemical manufacturers, and commodities traders.
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What’s included in this market coverage
IBISWorld's research coverage on the Bulk Storage Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Bulk Storage Services market in the United States includes Crude Oil Bulk Storage, Dry Bulk Storage, Diesel Fuel Bulk Storage, Liquefied Natural Gas (LNG) Bulk Storage, Jet Kerosene Bulk Storage, Bunker Fuel Bulk Storage, Commodity Storage, In-Ground Storage Services and Aboveground Storage Services. Standard coding in this coverage includes ISIC-521-Warehousing and storage, NACE-52.10-Warehousing And Storage, NAICS-493190-Other warehousing and storage and UNSPSC-78131700-Bulk storage.
What common market terminology is included?
Common market terminology included in the Bulk Storage Services procurement coverage includes Throughput (The volume of a commodity deposited in a storage facility or removed from a facility.), Terminal (A depot used for storing bulk commodities. Terminals are typically connected by land or water infrastructure.), Liquefied Natural Gas (Natural gas that has been converted into its liquid form to facilitate storage and transportation.) and Just-in-time Inventory Management (The practice of managing stored inventory so that the inventory is readily accessible when needed, but not in storage longer than necessary, requiring accurate demand forecasting to achieve the greatest efficiency.).
What companies are included as top suppliers?
The top companies covered in the Bulk Storage Services procurement report as suppliers are Buckeye Partners, L.P., Mcdermott International Inc., Plains All American Pipeline Lp, Enterprise Products Partners L.P. and Colonial Group, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Bulk Storage Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per barrel of crude oil per month, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Bulk Storage Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Bulk Storage Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Bulk Storage Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Bulk Storage Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Bulk Storage Services?
The 2026 benchmark market price for Bulk Storage Services is $0.36 per barrel of crude oil per month. Prices have increased at a CAGR of 0.94 from 2023-26.
Who are the top vendors in the Bulk Storage Services market?
The top vendors in the Bulk Storage Services market include Buckeye Partners, L.P., Mcdermott International Inc., Plains All American Pipeline Lp, Enterprise Products Partners L.P. and Colonial Group, Inc..
What industries supply the Bulk Storage Services market?
The top industries supplying the Bulk Storage Services market are Local Freight Trucking in the US, Gasoline & Petroleum Wholesaling in the US, Metal Tank Manufacturing in the US, Aluminum Manufacturing in the US, Steel Rolling & Drawing in the US, Port & Harbor Operations in the US and Long-Distance Freight Trucking in the US.
What is the supply chain risk for Bulk Storage Services?
Moderate vendor risk heightens concerns over service continuity and supplier reliability. Many bulk storage service suppliers are small, privately owned, and face moderate bankruptcy risk, increasing the threat of unexpected service disruptions. Large, national providers generally have high and rising profit margins, but the overall bankruptcy risk is moderate due to their reliance on highly volatile commodities. Buyers should proactively vet financial stability during supplier selection, prioritize larger or more established providers for critical services, and consider contingency planning to ensure continuity.
What factors affect the price of Bulk Storage Services?
Storage location affects the price of bulk storage services due to factors such as proximity to major transportation hubs, supply chain logistics, and regional demand for specific commodities. For instance, facilities located near ports or marine docking facilities often command higher prices because of the added transportation costs associated with the infrastructural needs, while storage locations near pipelines often cost less.
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