Emerging trends in LNG Storage Tank Market by Type, Revenue, Industry Growth and Forecast 2025
The Global LNG storage tank market is estimated to be valued at USD 12.5 billion in 2020 and is projected to reach USD 17.5 billion by 2025, at a CAGR of 7.0%, during the same period. The demand for LNG storage tank is driven mainly by growing demand for LNG in power, energy, and steel end-use industries. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16169135 On the basis of type, the self-supporting segment is expected to be the most significant contributor in the LNG storage tank market during the forecast period. Based on type, the self-supporting segment is expected to account for the larger share of the market in 2020. The growth in this segment is attributed to growing trade of LNG, and growing demand for LNG in the energy and power end-use industries. Furthermore, the growing transportation of LNG on ships in expected to drive the demand during the forecast period. By material, the steel segment is expected to be the most signif