Global Market Size of LNG Storage Tanks Market – 10 Year Market Forecast

Chemicals

LNG Storage Tanks Market Size Forecast 2022-2029

 

The market size for the global LNG storage tank market is anticipated to reach a value of USD 12.9 billion in 2022 at USD 25.48 billion by 2029, at a calculated CAGR of 10%. The cumulative market size over the study period is estimated at USD 165 billion. The APAC region is the largest market for LNG storage tanks and is expected to account for the major market shares. Steel is the most widely used material, followed by aluminium alloy. Growing demand for LNG in various end-use sectors such as steel, energy and power, attributes to the growth of the LNG storage tank market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• ?Global Market Database is a market research tool that is used by various industry leaders to study the changing market trends across 12 different industries.
• What is the base year for the LNG storage tanks market report?

• The base year for the LNG storage tanks market report is 2022.
• What is the CAGR of the LNG storage tanks market?

• The CAGR for LNG storage tanks market is 10%.
• Which end-use industries have high demand for LNG storage tanks?

• End-use industries like steel, power and energy have high demands for LNG storage tanks.
• What are the materials segmented in the LNG storage tanks market report?

• The segmented materials in the LNG storage tanks market report are steel, 9% nickel steel and aluminium alloy

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