LNG storage tank Market is Expected to grow at a robust CAGR of 7.44% through 2030F

The increasing global LNG storage tank market is driven by shifting toward small-scale and modular LNG storage solutions, and growing use of floating LNG Storage (FSRU and FLNG) during the forecast period 2026-2030F.

According to TechSci Research report, “LNG storage tank Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The Global LNG storage tank Market was valued at USD 14.61 Billion in 2024 and is expected to reach USD 22.67 Billion by 2030 with a CAGR of 7.44% during the forecast period. A significant trend in the global LNG storage tank market is the growing preference for small-scale and modular LNG tanks. Unlike conventional large-scale tanks, these compact systems allow flexible deployment in off-grid areas, island nations, mining operations, and remote industrial sites. These tanks typically range from 50 to 30,000 cubic meters, and can be installed in less than 12 months, compared to the 3–5 years needed for traditional infrastructure. Modular tanks are prefabricated in factories, reducing on-site labor and construction risks. They also come with integrated regasification or fueling systems, making them ideal for localized LNG distribution. Countries in Southeast Asia, Africa, and Latin America are investing in these scalable solutions to meet rising energy demand without large capital outlays. Additionally, they support LNG-as-a-transport-fuel applications, such as trucking and rail, where fuel depots require quick-to-deploy, mid-sized storage. With rising interest in distributed LNG, many tank manufacturers are developing containerized cryogenic tank systems that can be relocated or stacked based on seasonal demand. This modular trend addresses the challenges of space constraints, capital efficiency, and speed-to-market—especially in volatile energy markets or developing economies.

Floating LNG storage units, such as Floating Storage Regasification Units (FSRUs) and Floating Liquefied Natural Gas (FLNG) facilities, are becoming increasingly popular due to their cost-effectiveness and deployment speed. These systems eliminate the need for onshore tank construction, reducing project timelines by 30–40%. A typical FSRU can store 125,000 to 180,000 cubic meters of LNG and operate with onboard regasification systems. As of 2024, there are over 45 active FSRUs, and demand continues to rise in countries like Germany, India, and Brazil, where infrastructure development is urgent. FLNG facilities allow direct extraction, liquefaction, and storage of gas offshore—eliminating pipelines to shore-based terminals. The first full-scale FLNG unit, Shell’s Prelude, can store over 430,000 cubic meters of LNG. These floating solutions are ideal for regions with shallow or underdeveloped ports, or for countries looking to diversify supply with temporary LNG capacity. The trend also supports seasonal demand balancing by relocating FSRUs between hemispheres. With global emphasis on fast LNG integration and lower capital risk, floating storage solutions are reshaping the LNG storage landscape.

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Based on tank type, non-self-supporting tanks is the fastest growing segment in the global LNG storage tank market during the forecast period, primarily due to its application in marine-based and space-constrained LNG infrastructure. These tanks, which include membrane and semi-membrane types, rely on the structural support of the surrounding vessel or containment system, making them ideal for Floating Storage Regasification Units (FSRUs), Floating Liquefied Natural Gas (FLNG) platforms, and LNG carriers. One of the key drivers of this growth is the rapid expansion of floating LNG infrastructure, especially in regions where onshore space is limited or environmental restrictions are strict. As demand for flexible, mobile LNG solutions grows, non-self-supporting tanks offer a compact and efficient design that can store up to 180,000 cubic meters of LNG within the hull of a vessel. Their lightweight construction and ability to conform to vessel shapes make them the preferred choice in maritime LNG logistics.

Additionally, membrane-type tanks, such as those designed by GTT (Gaztransport & Technigaz), are increasingly being integrated into LNG bunkering vessels and next-generation carriers, supporting the rise of LNG as a marine fuel under International Maritime Organization (IMO) emission regulations. This trend is particularly strong in Europe and Asia-Pacific, where green shipping initiatives and clean fuel mandates are being enforced. Technological advancements in insulation, thermal protection, and leak-proof design have significantly improved the safety and performance of non-self-supporting tanks, enhancing their reliability and lifecycle. Furthermore, the shorter construction timelines and cost-efficiency of membrane-based tanks compared to traditional full containment models make them attractive for developers seeking quick deployment. As the LNG market continues to globalize and decentralize, the demand for agile, scalable storage systems—particularly in the floating and transport segments—is expected to propel the rapid growth of non-self-supporting tanks worldwide.

Based on region, Asia Pacific is the fastest growing region in the Global LNG storage tank Market during the forecast period due to its rapid economic development, escalating energy demand, and a strategic shift toward cleaner energy sources. Countries such as China, India, Japan, and South Korea are at the forefront of LNG adoption, investing heavily in LNG import terminals, regasification facilities, and storage infrastructure to ensure energy security and meet growing industrial and residential consumption needs. China, the world’s largest LNG importer as of recent years, continues to expand its terminal network, with over 25 LNG terminals operational and more under construction. The country aims to increase its gas share in the energy mix to 15% by 2030, up from around 8% in 2020. Similarly, India is scaling up its LNG infrastructure with the goal of increasing the share of natural gas in its energy mix to 15% by 2030, supported by the expansion of terminals along its eastern and western coasts. These developments require significant investment in aboveground, underground, and floating LNG storage tanks.

In Japan and South Korea, LNG remains critical for power generation amid declining nuclear capacity and environmental constraints on coal. Both nations are expanding LNG bunkering and floating storage units, necessitating advanced non-self-supporting and membrane-type tanks. Furthermore, emerging Southeast Asian markets like Vietnam, the Philippines, and Thailand are entering the LNG import landscape with new FSRU projects, often paired with compact, modular tank systems suited for space-constrained locations. Government policies in Asia Pacific favor LNG as a bridge fuel toward long-term decarbonization. Combined with technological advancements in cryogenic storage, increasing foreign direct investments, and public-private partnerships, the region is witnessing an accelerated pace of LNG infrastructure development. As a result, Asia Pacific stands out as the fastest-growing and most dynamic region in the global LNG storage tank market.

Key market players in the Global LNG storage tank market are: -

• McDermott International, Ltd.     
• Linde plc
• IHI Corporation
• Saipem S.p.A.
• Samsung C&T Corporation
• Whessoe Engineering Ltd.
• Worley
• Technip Energies
• Nikkiso Co., Ltd.
• Toyo Engineering Corporation                                                      

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“The global LNG storage tank market presents strong growth opportunities driven by rising LNG trade, the global energy transition toward cleaner fuels, and increasing investments in gas infrastructure. Expansion of import/export terminals, especially in emerging economies, is creating demand for both large-scale and modular tanks. Technological advancements in cryogenic materials, insulation, and smart monitoring systems are improving efficiency and safety, attracting new investments. The growing adoption of LNG in marine fuel, industrial use, and hybrid renewable systems also expands application scope. Additionally, floating storage solutions and strategic reserve developments offer opportunities for flexible, scalable tank deployments in diverse geographic and regulatory environments.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm.

“LNG storage tank Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Tank Type (Self-Supporting Tanks, Non-Self-Supporting Tanks), By Location Tank Type (Aboveground Tanks, Underground Tanks, Floating LNG Tanks), By End-Use Industry (Oil & Gas, Energy & Utilities, Marine, Industrial, Others), By Region, and By Competition, 2020-2030F,” has evaluated the future growth potential of Global LNG storage tank Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global LNG storage tank Market.

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