LNG Storage Tank Market Report Now Available, Published as Report-Profiled Chart Industries Wins Bechtel Order for Woodside's Louisiana LNG Project

Opportunities center on LNG bunkering, fast-deploying FSRUs and Asian energy security, favoring membrane and Type-C tanks, modular systems, automation and ammonia-ready designs.

Dublin, Aug. 28, 2026 (GLOBE NEWSWIRE) -- The "LNG Storage Tank - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.

Global LNG Storage Tank Market to Reach USD 26.27 Billion by 2031, Driven by Maritime Decarbonization and Energy Security

The global LNG storage tank market was valued at USD 16.45 billion in 2025 and is projected to increase from USD 17.78 billion in 2026 to USD 26.27 billion by 2031. The market is expected to register a compound annual growth rate of 8.13% from 2026 to 2031, supported by expanding LNG import capacity, maritime decarbonization initiatives, floating regasification projects and energy security policies.

LNG Bunkering Infrastructure Accelerates Market Growth

International Maritime Organization emission requirements are encouraging shipowners to adopt LNG propulsion, accelerating investment in bunkering infrastructure across Singapore, Rotterdam and the U.S. Gulf Coast. The American Bureau of Shipping expects the LNG-powered fleet to surpass 1,000 vessels by 2027, creating strong demand for high-pressure Type-C storage tanks designed for rapid cyclic loading.

Ports are licensing LNG bunker operators, developing dedicated storage berths and adopting modular tank packages to reduce construction time and quayside disruption. Asia-Pacific is advancing rapidly due to its dense feeder routes and growing use of ship-to-ship fuel transfers. These operating conditions favor compact, high-turnover LNG storage solutions, including cylindrical and membrane tank designs.

Floating LNG Import Terminals Support Storage Tank Demand

Floating storage and regasification units are gaining momentum among countries seeking faster solutions to urgent natural gas supply requirements. These projects can typically be completed within 18 to 24 months, compared with four to six years for conventional onshore terminals. Floating regasification capacity reached an estimated 7.8 billion cubic feet per day in 2024, representing approximately 8% of global send-out capacity.

Projects in Germany, Pakistan and Egypt highlight the portability and permitting advantages of floating LNG infrastructure. Membrane containment systems are benefiting from this trend because they provide strong volumetric efficiency and can be engineered to withstand vessel movement and cargo sloshing. Suppliers offering durable systems with high cargo-turnover capabilities are well positioned to secure Engineering , procurement and construction contracts.

Raw Material Volatility Remains a Key Challenge

Fluctuating nickel and steel prices continue to affect LNG storage tank construction costs. Spot nickel prices moved by more than 35% during 2024, increasing procurement uncertainty for manufacturers and project developers. For a 180,000-cubic-meter full-containment tank, steel plate can represent approximately 45% of the delivered Engineering , procurement and construction value.

Manufacturers are responding by testing lower-nickel alternatives, expanding automated cryogenic welding and negotiating longer-term material supply agreements. Additional market considerations include rising Asian gas demand, coastal permitting delays and increasing investment in specialized welding technologies.

Full-Containment and Membrane Tanks Lead Segment Development

Full-containment systems generated 41.75% of market revenue in 2025, supported by established safety performance and broad regulatory acceptance. High-throughput import terminals continue to specify tanks ranging from 160,000 to 230,000 cubic meters, particularly at new sites in China, Japan and India.

Membrane tanks are forecast to record an 11.02% CAGR through 2031 as floating and modular LNG projects prioritize faster assembly and space efficiency. Ongoing research into sloshing resistance, barrier materials and longer operating life is expected to strengthen membrane technology adoption. Full-containment systems are likely to remain central to major onshore terminals, while membrane tanks gain share in floating applications.

Type-A tanks accounted for 39.12% of the market in 2025, benefiting from efficient use of space and mature manufacturing capacity in China, South Korea and Europe. Type-C tanks are projected to expand at a 10.05% CAGR, driven by small-scale distribution networks and LNG bunkering hubs. Their insulation performance and compatibility with compact reliquefaction systems make them suitable for multi-stop marine fuel delivery.

Asia-Pacific Maintains Its Global Market Leadership

Asia-Pacific represented 44.10% of global LNG storage tank market revenue in 2025 and is expected to grow at an 8.94% CAGR through 2031. China is developing more than 30 new terminals, while Japan's strategic stockpile program is supporting recurring storage demand. India is expanding capacity along its eastern coast and encouraging floating storage development.

Europe has also strengthened its LNG import infrastructure, with capacity rising 34% between 2021 and the end of 2024. Germany, France and the Netherlands have deployed floating terminals, while future projects are increasingly considering compatibility with hydrogen and ammonia. In North America, a substantial project pipeline supports long-term demand, although litigation and federal reviews may extend development schedules.

The Middle East and Africa are emerging as important growth markets. Qatar's North Field expansion will require additional storage capacity at Ras Laffan, while the UAE's Ruwais project includes major cryogenic tank investments. Floating LNG projects in Congo, Mauritania and Senegal are also expected to increase demand for membrane storage systems, reinforcing sustained global growth in the LNG storage tank market.

Key Topics Covered:

1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Expansion of LNG bunkering infrastructure for maritime decarbonization
4.2.2 Growth in floating LNG import terminals (FSRUs)
4.2.3 Surge in Asian gas demand & energy security policies
4.2.4 Adoption of 9 %-nickel cryogenic welding robots
4.2.5 Modular prefabricated on-ground membrane tanks
4.2.6 Small-scale LNG satellite hubs boosting Type-C demand
4.3 Market Restraints
4.3.1 Volatility in steel & nickel prices
4.3.2 Permitting delays for coastal tank farms
4.3.3 Emerging underground LNG storage alternatives
4.3.4 Membrane-tank patent litigation narrowing supplier base
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts
5.1 By Containment Type
5.1.1 Full Containment Tanks
5.1.2 Single Containment Tanks
5.1.3 Membrane Tanks
5.1.4 In-ground/Cryogenic Concrete Tanks
5.2 By Tank Type
5.2.1 Type-A (Prismatic)
5.2.2 Type-B (Spherical)
5.2.3 Type-C (Cylindrical, Vacuum-insulated)
5.3 By Material
5.3.1 Carbon Steel
5.3.2 9 %-Nickel Steel
5.3.3 Aluminium Alloys
5.3.4 Prestressed Concrete
5.4 By Location
5.4.1 On-shore Fixed Tanks
5.4.2 Offshore FLNG/FSRU Tanks
5.4.3 LNG Bunkering Barges
5.5 By Application
5.5.1 Liquefaction Plants
5.5.2 Import and Regasification Terminals
5.5.3 Peak-Shaving and Satellite Plants
5.5.4 Marine Bunkering Facilities
5.6 By Geography
5.6.1 North America
5.6.1.1 United States
5.6.1.2 Canada
5.6.1.3 Mexico
5.6.2 Europe
5.6.2.1 Germany
5.6.2.2 United Kingdom
5.6.2.3 France
5.6.2.4 Russia
5.6.2.5 Spain
5.6.2.6 Rest of Europe
5.6.3 Asia-Pacifc
5.6.3.1 China
5.6.3.2 Japan
5.6.3.3 India
5.6.3.4 South Korea
5.6.3.5 Singapore
5.6.3.6 Malaysia
5.6.3.7 Australia
5.6.3.8 Rest of Asia-Pacifc
5.6.4 South America
5.6.4.1 Brazil
5.6.4.2 Argentina
5.6.4.3 Rest of South America
5.6.5 Middle East and Africa
5.6.5.1 Saudi Arabia
5.6.5.2 United Arab Emirates
5.6.5.3 Qatar
5.6.5.4 South Africa
5.6.5.5 Rest of Middle East and Africa

6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 Chart Industries Inc.
6.4.2 China International Marine Containers (CIMC Enric)
6.4.3 Linde plc
6.4.4 McDermott International
6.4.5 IHI Corporation
6.4.6 Wartsila Oyj
6.4.7 Samsung Heavy Industries
6.4.8 Mitsubishi Heavy Industries
6.4.9 KOGAS Tech
6.4.10 Air Water Inc.
6.4.11 Isisan A.S.
6.4.12 Cryolor SA
6.4.13 INOX India Ltd.
6.4.14 Wison Offshore & Marine
6.4.15 Saipem SpA
6.4.16 TechnipFMC Energies
6.4.17 Victaulic Company
6.4.18 Fives
6.4.19 CSIC Hudong-Zhonghua
6.4.20 GTT (Gaztransport & Technigaz)

7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment

For more information about this report visit https://www.researchandmarkets.com/r/kibaa9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood, Senior  Press Manager 
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900