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  • Writer's picturesiddhesh kapshikar
    • Nov 28, 2023
    • 4 min read

LNG Storage Tank Market, Global Outlook and Forecast 2023-2030

The global LNG Storage Tank market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


A liquefied natural gas storage tank or LNG storage tank is a specialized type of storage tank used for the storage of Liquefied Natural Gas. LNG storage tanks can be found in ground, above ground or in LNG carriers. The common characteristic of LNG Storage tanks is the ability to store LNG at the very low temperature of -162 C (-260 F). LNG storage tanks have double containers, where the inner contains LNG and the outer container contains insulation materials. The most common tank type is the full containment tank.Tanks vary greatly in size, depending on usage.


This report aims to provide a comprehensive presentation of the global market for LNG Storage Tank, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LNG Storage Tank. This report contains market size and forecasts of LNG Storage Tank in global, including the following market information:


Global LNG Storage Tank Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global LNG Storage Tank Market Sales, 2018-2023, 2024-2030, (K Square meter)

Global top five LNG Storage Tank companies in 2022 (%)


The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Steel Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of LNG Storage Tank include Linde, McDermott, Wartsila, IHI, Air Water, Cimc Enric, Chart Industries and Isisan, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the LNG Storage Tank manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global LNG Storage Tank Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Square meter)

Global LNG Storage Tank Market Segment Percentages, by Type, 2022 (%)


  • Steel

  • 9% Nickel Steel

  • Aluminum Alloy

  • Others (7% nickel steel, concrete)


Global LNG Storage Tank Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Square meter)

Global LNG Storage Tank Market Segment Percentages, by Application, 2022 (%)


  • Self-Supporting

  • Non Self-Supporting


Global LNG Storage Tank Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Square meter)

Global LNG Storage Tank Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies LNG Storage Tank revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies LNG Storage Tank revenues share in global market, 2022 (%)

  • Key companies LNG Storage Tank sales in global market, 2018-2023 (Estimated), (K Square meter)

  • Key companies LNG Storage Tank sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • Linde

  • McDermott

  • Wartsila

  • IHI

  • Air Water

  • Cimc Enric

  • Chart Industries

  • Isisan


Outline of Major Chapters:

Chapter 1: Introduces the definition of LNG Storage Tank, market overview.

Chapter 2: Global LNG Storage Tank market size in revenue and volume.

Chapter 3: Detailed analysis of LNG Storage Tank manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of LNG Storage Tank in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global LNG Storage Tank capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports1.1 LNG Storage Tank Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global LNG Storage Tank Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global LNG Storage Tank Overall Market Size2.1 Global LNG Storage Tank Market Size: 2022 VS 20302.2 Global LNG Storage Tank Revenue, Prospects & Forecasts: 2018-20302.3 Global LNG Storage Tank Sales: 2018-20303 Company Landscape3.1 Top LNG Storage Tank Players in Global Market3.2 Top Global LNG Storage Tank Companies Ranked by Revenue3.3 Global LNG Storage Tank Revenue by Companies3.4 Global LNG Storage Tank Sales by Companies3.5 Global LNG Storage Tank Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 LNG Storage Tank Companies in Global Market, by Revenue in 20223.7 Global Manufacturers LNG Storage Tank Product Type3.8 Tier 1, Tier 2 and Tier 3 LNG Storage Tank Players in Global Market3.8.1 List of Global Tier 1 LNG Storage Tank Companies3.8.2 List of Global Tier 2 and Tier 3 LNG Storage Tank Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global LNG Storage Tank Market Size Markets, 2022 & 20304.

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