Product Code: GVR-4-68040-346-6
LNG Storage Tank Market Size & Trends
The global LNG storage tank market was estimated at USD 16.11 billion in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2030. The increasing global demand for liquefied natural gas (LNG) as a cleaner energy source, particularly in power generation, transportation, and industrial applications, is a major driver. Expanding LNG production capacity, investments in liquefaction and regasification facilities, and growing LNG trade volumes are propelling the need for more storage infrastructure. Supportive government policies and regulations promoting the adoption of LNG to reduce carbon emissions are also propelling market growth.
Technological advancements in LNG storage tank design, materials, and construction techniques that enhance safety, efficiency, and reliability are further driving investments in new storage capacity. The rising focus on energy security and diversification of energy sources is another key factor underpinning the increasing demand for LNG storage tanks globally.
Global LNG Storage Tank Market Report Segmentation
This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global LNG storage tank market based on type, material, and region:
- Type Outlook (Revenue, USD Million; 2018 - 2030)
- Self-Supporting
- Non-Self Supporting
- Material Outlook (Revenue, USD Million; 2018 - 2030)
- Steel
- 9% Nickel Steel
- Aluminum Alloy
- Others
- Regional Outlook (Revenue, USD Million; 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
France
UK
Russia
Norway
Italy
China
Japan
India
Australia
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Kuwait
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third - Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. LNG Storage Tanks Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Framework
- 3.5. Regulatory Framework
- 3.5.1. Standards & Compliances
- 3.5.2. Regulatory Impact Analysis
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenges Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Business Environment Analysis
- 3.7.1. Industry analysis - Porter's Five Forces Analysis
- 3.7.2. Industry analysis - Pestle analysis
- 3.8. Emerging trends & technologies in the LNG Storage Tanks Market
Chapter 4. LNG Storage Tanks Market: Type estimates & trend analysis
- 4.1. Definition & scope
- 4.2. Type movement analysis & market share, 2023 & 2030
- 4.3. Self - Supporting
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Non - Self Supporting
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. LNG Storage Tanks Market: Material Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. Material Movement Analysis & Market Share, 2023 & 2030
- 5.3. Steel
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. 9% Nickel Steel
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Aluminum Alloy
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. LNG Storage Tanks Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.5. U.K.
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.8. Norway
- 6.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.8.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.8.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.4.9. Russia
- 6.4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.9.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.4.9.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.5.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.5.6.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.5.7. Australia
- 6.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.5.7.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
6.6.4.4.
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.7.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.7.4. UAE
- 6.7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.7.4.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.7.5. Saudi Arabia
- 6.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.7.5.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.7.6. South Africa
- 6.7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.7.6.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
- 6.7.7. Kuwait
- 6.7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 6.7.7.3. Market estimates and forecasts, by Material, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Players & Recent Developments & Their Impact on the Industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 7.3. List of key Component Suppliers and Channel Partners
- 7.4. Company Market Share & Position Analysis, 2023
- 7.5. Company Heat Map Analysis
- 7.6. Competitive Dashboard Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansion
- 7.7.2. Collaboration/ Partnerships/ Agreements
- 7.7.3. New Application launches
- 7.7.4. Mergers & Acquisitions
- 7.7.5. Research & Development
- 7.7.6. Others
- 7.8. List of Potential Customers, by Material
Chapter 8. Company Listing / Profiles
- 8.1. Linde Plc
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. McDermott International Inc.
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.3. Wartsila
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.4. IHI Corporation
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.5. Chart Industries
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.6. CIMC Enric
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.7. Air Water Inc.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.8. Isisan A.S.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.9. Cryolor
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.10. Sinopec
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.11. Qatargas
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.12. ExxonMobil
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
Chapter 9. Strategic Recommendations/ Analyst Perspective