LNG Storage Tank Market Is Expected To Reach USD 26.2 Billion By 2030
San Francisco, 7 January 2025: The Report LNG Storage Tank Market Size, Share & Trends Analysis Report By Type (Self-Supporting, Non-Self Supporting), By Material (Steel, 9% Nickel Steel, Aluminum Alloy), By Region, And Segment Forecasts, 2024 – 2030 The global LNG storage tank market to reach USD 26.2 billion in 2030 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 cons...