LNG Storage Tank Market Size, Share & Trends Analysis Report By Type (Self-Supportive, Non-self Supportive), By Material (Steel, 9% Nickel Steel, Aluminum Alloy, Others (7% Nickel Steel, Concrete)), By Region, And Segment Forecasts, 2025 - 2030

LNG Storage Tank Market Summary

The global LNG storage tank market size was valued at USD 17.20 billion in 2024 and is projected to reach USD 26.28 billion by 2030, growing at a CAGR of 7.4% from 2025 to 2030. This growth can be attributed to the rising global demand for Liquefied Natural Gas (LNG) as a cleaner energy alternative, especially in power generation, transportation, and industrial sectors.

The expansion of LNG production capacities, increased investments in liquefaction and regasification facilities, and the steady growth in international LNG trade are collectively fueling the demand for enhanced storage infrastructure.

The global LNG storage tank industry is experiencing significant growth, driven by several key trends and opportunities, including the rising global demand for cleaner energy alternatives. As governments and industries seek to reduce their carbon footprints and transition away from coal and oil, natural gas has emerged as a key transitional fuel due to its lower greenhouse gas emissions. This shift fuels investments in LNG infrastructure, including storage facilities that ensure stable supply chains and energy security. Emerging economies, particularly in Asia Pacific, are increasingly importing LNG to meet growing energy needs, further stimulating the demand for storage capacity both at import terminals and inland distribution hubs.

Technological advancements and innovations in cryogenic storage have also emerged as significant market drivers. Modern LNG storage tanks, typically double-walled and designed with high-performance insulation materials, enable safer and more efficient long-term storage of LNG. These technological improvements enhance storage efficiency and safety and reduce operational costs, making large-scale storage economically viable. The emergence of modular tank design and prefabricated systems allows for quicker installation and scalability, which is particularly beneficial for rapidly developing regions and offshore applications.

Furthermore, government policies, subsidies, and international agreements to promote natural gas as a cleaner energy source support infrastructure investment across the LNG value chain. Strategic energy diversification initiatives, particularly in Europe and Asia, result in the expansion of LNG import terminals and the development of new regasification and storage facilities. In parallel, the growing adoption of LNG as a marine and heavy-duty transport fuel generates new demand for small-scale storage tanks and satellite distribution terminals. These combined factors create a favorable environment for continued growth in the LNG storage tank market.

Global LNG Storage Tank Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the LNG storage tank market report based on type, material, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Self Supportive
• Non-self Supportive
• Material Outlook (Revenue, USD Million, 2018 - 2030)
• Steel
• 9% Nickel Steel
• Aluminum Alloy
• Others (7% Nickel Steel, Concrete)
• Region Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Norway
• Russia
• Asia Pacific
• China
• Japan
• India
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait

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