LNG Storage Tank Market set for steady growth to USD 6.7 billion by 2030, led by Asia Pacific 45% global market share.

Global LNG Storage Tank Market reached USD 4.5 billion in 2022 and is expected to reach USD 6.7 billion by 2030, growing with a CAGR of 5.5% during the forecast period 2024-2031. The global liquefied natural gas (LNG) storage tank market has witnessed significant upward market trends in recent years, driven by the increasing demand for LNG as a cleaner energy source. Government initiatives and policies play a crucial role in shaping the growth of the LNG storage tank market.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):-https://www.datamintelligence.com/download-sample/lng-storage-tank-market?pratik

United States: Key Industry Developments:-
✅ October 2025: Chart Industries launched a new line of cryogenic LNG storage tanks with enhanced thermal efficiency and modular designs, reducing boil-off rates by 20% for large-scale import terminals amid rising U.S. LNG export demands.

✅ September 2025: McDermott International secured a major contract for full containment LNG storage tanks at a Gulf Coast facility, incorporating advanced digital monitoring to support energy security and capacity expansions.

✅ August 2025: Linde Engineering partnered on a North American LNG storage project featuring membrane tank innovations, aimed at improving safety and scalability for power generation and industrial applications.

Asia Pacific /Japan: Key Industry Developments:-
✅ November 2025: JERA announced expansions in LNG storage infrastructure with cryogenic above-ground tanks, integrating remote monitoring to bolster energy imports and regional supply chain resilience.

✅ October 2025: AIR WATER developed scalable cryogenic LNG storage solutions for truck fueling, meeting ISO standards and supporting Japan's shift to low-carbon transport amid rising LNG demand.

✅ September 2025: Shimizu Corporation advanced prototype membrane LNG tanks for coastal terminals, focusing on sustainability and carbon reduction in line with Asia Pacific's infrastructure investments.

Key Merges and Acquisitions(2025):-
MOL (Mitsui O.S.K. Lines) - LBC Tank Terminals: On June 30, 2025, MOL completed the acquisition of all membership rights in LBC Tank Terminals Group Holding Netherlands Coöperatief U.A. for $1.71 billion, following a sale and purchase agreement signed on March 7, 2025, strengthening its chemical logistics service by incorporating tank storage operations into its portfolio and expanding into next-generation energy value chains.
​
Energy Capital Partners (ECP) and Centrica plc - Grain LNG: On November 28, 2025, ECP and Centrica plc successfully closed the acquisition of Grain LNG from National Grid for an enterprise value of approximately £1.5 billion, enhancing the UK's long-term energy security through critical LNG regasification and storage infrastructure that supports ongoing expansions adding 5.3 bcm of regasification capacity and 200,000 m3 of storage.

Market Segmentation Analysis:-
By End-User
LNG terminal operators dominate with 38% market share in 2025, fueled by expansions in regasification and liquefaction terminals globally.
​Other segments like LNG producers and marine bunkering facilities follow, with import terminals holding around 43% in related applications due to steady demand in Europe and Asia.
​
By Tank Type
Membrane-type tanks lead at 39% share in 2025, valued for their space efficiency and faster construction in large-scale projects.
Self-supporting types account for the balance, gaining from mega liquefaction hubs in regions like the Middle East and North America.
​
By Tank Size
Large-scale tanks (150,000 m3) command 49% of the market in 2025, driven by economies of scale in high-volume LNG trade.
Smaller and medium variants support peak shaving and bunkering, with marine applications growing rapidly at over 11% CAGR.
​
By Material
Nickel steel holds 38% share in 2025, preferred for its cryogenic durability and weldability in containment systems.
Alternatives like aluminum and 9% Ni steel fill the rest, with ongoing R&D focusing on cost reductions.

By Installation Type
Above-ground tanks capture 54% market share in 2025, favored for easier access and lower site preparation costs.
Underground options serve specific seismic or space-constrained sites, though they require higher upfront engineering.

Purchase this report before year-end and unlock an exclusive 30% discount:https://www.datamintelligence.com/buy-now-page?report=lng-storage-tank-market?pratik (Purchase 2 or more Reports and get 50% Discount)

Growth Drivers:-
Rising Global LNG Demand: Increasing natural gas consumption for power generation, industrial applications, and cleaner fuel transition boosts the need for LNG storage infrastructure.

Shift Toward Clean Energy: LNG is seen as a bridge fuel in decarbonization strategies, driving investments in LNG terminals, storage plants, and liquefaction facilities.

Expansion of LNG Import & Export Terminals: Growing LNG trade, particularly in Asia-Pacific, Europe, and the Middle East, is accelerating demand for large-scale cryogenic storage tanks.

Growth in LNG-Fueled Transportation: Adoption of LNG in marine, heavy-duty trucking, and rail transport creates additional storage requirements at ports and fueling stations.

Energy Security & Strategic Reserves: Countries are building LNG storage facilities to mitigate supply risks, price volatility, and geopolitical disruptions.

Technological Advancements: Innovations in tank materials, insulation technology, full-containment designs, and modular tank systems improve efficiency and safety, encouraging adoption.

Infrastructure Investments & Government Support: Policies supporting LNG infrastructure development, along with public-private investments, are significantly fueling market growth.

Regional Insights:-
Asia-Pacific commands the largest share of the LNG Storage Tank Market, estimated at around 45% in recent assessments, driven by surging LNG imports, energy infrastructure expansions in China, India, Japan, and South Korea, and robust investments in liquefaction and regasification terminals.

North America follows as the second-largest region, benefiting from shale gas boom, export terminal developments like those in the US Gulf Coast, strategic energy security initiatives, and technological advancements in cryogenic storage, though facing regulatory and environmental hurdles.

Europe ranks third in market share, supported by diversification from Russian gas, new import facilities in Germany, UK, and Netherlands, and commitments to cleaner energy transitions amid geopolitical tensions and net-zero goals.

Speak to Our Analyst and Get Customization in the report as per your requirements:https://www.datamintelligence.com/customize/lng-storage-tank-market?pratik

Key Players:-
Corban Energy Group, Linde plc, McDermott International Inc., Wartsila, IHI Corporation, CIMC ENRIC, Chart Industries, ISISAN ISI SAN. VE TİC.A. Ş, Cryolor SA and Trans Tech Energy LLC.

Key Highlights (Top 5 Key Players) :
Linde plc
Headquartered in the UK, Linde designs vacuum-insulated LNG storage tanks for terminals and industrial use, leveraging advanced materials, sensors, and predictive maintenance for efficiency and safety.

McDermott International Inc.
US-based McDermott excels in engineering and construction of LNG storage solutions, delivering large-scale projects with expertise in full containment tanks for global import/export facilities.

Chart Industries
A US specialist in cryogenic equipment, Chart provides innovative LNG storage tanks using high-vacuum insulation to minimize heat transfer and extend storage duration worldwide.

IHI Corporation
Japan's IHI Corporation builds diverse LNG tanks, including the world's largest underground tank for Tokyo Gas, serving Asia and global markets with scalable solutions for terminals and floating facilities.

Wartsila
Finland's Wartsila offers advanced LNG storage technologies for peak-shaving and marine applications, focusing on strategic expansions and reliable tank deployments in competitive projects.

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription?pratik

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele

This release was published on openPR.