Press release
LNG Storage Tank Market | Key players operating in the market include Linde Plc, McDermott International Inc., Wartsila, IHI Corporation, Air Water Inc.
According to recent market research "LNG Storage Tank Market by Type (Self-Supporting, Non Self-Supporting), Material (Steel, 9% Nickel Steel, Aluminum Alloy), Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2025", The LNG storage tank market is expected to grow from USD 12.5 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 7.0%, during the forecast period. The major factors driving the LNG storage tank market include increasing demand for LNG from various end-use industries, such as steel, power, and energy. Furthermore, the growing trade of LNG will also drive the demand.Browse 58 market data Tables and 32 Figures spread through 116 Pages and in-depth TOC on "LNG Storage Tank Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/lng-storage-tank-market-16169135.html
The LNG storage tank market has been segmented based on type as self-supporting, and non-self-supporting. The self-supporting segment accounted for the larger share of the market in 2019. The growth in this segment is attributed to the increasing use of this type of tanks because of the growing trade i.e. import and export of LNG across the globe and increase in the LNG bunkering facilities. These factors are expected to drive the demand for LNG storage tanks during the forecast period.
The LNG storage tank market has been segmented based on material into steel, 9% nickel steel, aluminum alloy, and others. The steel segment accounted for the largest share of the market in 2019 and is expected to witness significant growth during the forecast period. The growth in this segment is attributed to its increasing LNG terminals and bunkering facilities, and increasing demand for LNG tanks on ships. These factors are expected to drive demand during the forecast period.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=16169135
The global LNG storage tank market size is projected to reach USD 17.5 billion by 2025, at a CAGR of 7.0% during the forecast period. The global LNG storage tank market is driven mainly by its increasing import, technological advancements, and growing demand in the APAC region. Furthermore, the growing demand for LNG from various industries such as, steel, energy and power will drive the demand during the forecast period.
Emerging economies, such as China, India, Japan, and South Korea are witnessing a high demand for LNG storage tanks. The growth in APAC region can be attributed to significant developments in energy, power, technologies, and the growing trade of LNG, which is expected to drive the LNG storage tank market in the region. Moreover, APAC being the largest producer of steel and availability of raw materials, for instance, iron ore, and cost-effective labor will also drive the demand during the forecast period.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16169135
Linde Plc (Ireland), McDermott International Inc. (US), Wartsila (Finland), IHI Corporation (Japan), Air Water Inc. (Japan), Cimc Enric (China), Chart (US), Isisan A.S (Turkey), Cryolor (France), Inox (India), Carbon Energy Group (US), and Trans Tech Energy llc. (US) among others, are the leading LNG storage tank manufacturers, globally. These companies adopted new product development, merger & acquisition, agreement, and expansion as their strategies between January 2015 and January 2020 to earn a competitive advantage in the LNG storage tank market.
Wartsila (Finland) is one of the leading players in the LNG storage tank market. In September 2019, the technology Group Wartsila designed a new LNG storage and supply system for ships. This new LNG storage and supply system has In Line Tank Connection Space (ILTCS), which contains process equipment - two 640 m3 single polyurethane insulated storage tanks. This innovative LNG storage system provides fuel storage volume efficiency and simplifies the installation of the LNG system in ships. This development will help the company in expanding its reach across the globe and explore the untapped market.
McDermott International, Inc. (US) is another major player in the LNG storage tank market. The company has been focusing on both organic and inorganic strategies to maintain its leading position in the market. For example, in May 2018, the company acquired Chicago Bridge and Iron Company (CB&I) (Texas) and merged their businesses to form a fully integrated provider of technology, engineering, and construction solutions to the energy industry. This merger will help McDermott to increase its global reach in the energy industry and explore the untapped markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/lng-storage-tank.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/lng-storage-tank-market.asp
About MarketsandMarkets(TM)
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LNG Storage Tank Market | Key players operating in the market include Linde Plc, McDermott International Inc., Wartsila, IHI Corporation, Air Water Inc. here
News-ID: 2045355 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for LNG
LNG Bunkering Market Growth, Trends & Opportunities 2025 | Top key players - Tre …
LNG Bunkering Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.
The Global LNG Bunkering Market is expected to grow at a CAGR of 66.4% during the forecasting period (2024-2031).
Get a Free Sample…
Mea Floating Lng Power Vessel Market Emerging Trends and Growth Prospects 2034 | …
On April 8, 2025, Exactitude Consultancy., Ltd. released a research report titled "Mea Floating Lng Power Vessel Market". In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the Mea Floating Lng Power Vessel Market including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. It provides the industry overview with growth analysis…
What's Driving the LNG Bunkering Market Trends? Key Companies are Skangass AS., …
A research report on 'LNG Bunkering Market' Added by DEC Research features a succinct analysis on the latest market trends. The report also includes detailed abstracts about statistics, revenue forecasts and market valuation, which additionally highlights its status in the competitive landscape and growth trends accepted by major industry players.
Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/702
The size of LNG Bunkering Market was registered at USD 800 Million in…
LNG Bunkering Market Key Players Polskie LNG, Eagle LNG, ENN Energy, EVOL LNG, F …
The LNG Bunkering Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the LNG Bunkering industry based on product segment, technology, end user segment and region.
As per a recent news snippet, the Caribbean is one of the most lucrative regions for LNG bunkering market, as the shipping sector seeks compliance…
LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries.
Request for a sample copy of this…
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect.
' '
Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure…