PUBLISHER: The Business Research Company | PRODUCT CODE: 1889498
PUBLISHER: The Business Research Company | PRODUCT CODE: 1889498
Liquid carbon dioxide (CO2) storage tanks are specialized vessels designed to securely store carbon dioxide in its liquid state at low temperatures and high pressures. These tanks are built to maintain stability, prevent leaks, and enable controlled release for industrial, medical, or commercial uses.
The primary types of liquid carbon dioxide storage tanks are stationary storage tanks and mobile storage tanks. Stationary liquid carbon dioxide storage tanks are fixed, non-portable units designed to securely hold large quantities of liquid CO2 at low temperatures for industrial or commercial applications. They are constructed from various materials, such as stainless steel, carbon steel, and composite materials, and come in multiple storage capacities, including small (< 50 tons), medium (50-200 tons), and large (> 200 tons). They are utilized across a broad range of applications, including energy and power, chemicals, metallurgy, and others, and serve diverse end-users such as food and beverage, medical, industrial, and oil and gas sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.
The liquid carbon dioxide storage tanks market research report is one of a series of new reports from The Business Research Company that provides liquid carbon dioxide storage tanks market statistics, including liquid carbon dioxide storage tanks industry global market size, regional shares, competitors with a liquid carbon dioxide storage tanks market share, detailed liquid carbon dioxide storage tanks market segments, market trends and opportunities, and any further data you may need to thrive in the liquid carbon dioxide storage tanks industry. This liquid carbon dioxide storage tanks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquid carbon dioxide storage tanks market size has grown strongly in recent years. It will grow from $1.49 billion in 2024 to $1.62 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be linked to rising beverage carbonation requirements, growing demand for fire suppression systems, increasing pharmaceutical manufacturing, rising food preservation needs, and increasing industrial automation.
The liquid carbon dioxide storage tanks market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2029 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be driven by growing environmental sustainability focus, increasing automation in food processing, growing demand from medical and healthcare sectors, rising e-commerce and cold-chain logistics, and rising adoption of green and sustainable technologies. Major trends in the forecast period include developing modular storage solutions, integration with renewable energy-powered cooling systems, innovation in multi-layer insulation technology, innovation in hybrid storage solutions, and developing predictive maintenance models.
The increasing industrialization is expected to drive the growth of the liquid carbon dioxide (LCO2) storage tanks market. Industrialization, the shift from primarily agricultural economies to manufacturing- and technology-based economies, is fueled by expanding production demands, infrastructure development, and technological advancements. Rising industrialization drives demand for liquid carbon dioxide storage tanks, which are essential for large-scale industrial processes such as metal fabrication, welding, refrigeration, and parts cooling, improving production speed, precision, and overall operational efficiency. For example, in September 2025, the Federal Reserve Board reported that U.S. industrial production increased modestly by 0.1% in August compared to July, reflecting a gradual rise in manufacturing and production capacity.
Companies in the liquid carbon dioxide storage tanks market are focusing on innovative cryogenic tank solutions to enhance safety, efficiency, and ultra-low temperature storage. Advanced insulation systems, such as vacuum-sealed and premium stainless-steel interiors, minimize heat transfer and ensure the secure storage of cryogenic liquids like CO2. In June 2024, Hypro Engineers Private Limited (India) launched a new line of cryogenic tanks for oxygen, nitrogen, and carbon dioxide, featuring advanced vacuum insulation, pressure relief valves, and automated control systems. The tanks, available in capacities from 10 to 100 tons, are designed for diverse industrial applications while complying with international safety standards.
In February 2025, Yinson Holdings Berhad (Singapore) acquired Stella Maris CCS (Norway) to enhance its carbon capture and storage (CCS) solutions and expand its presence in low-carbon energy. Stella Maris CCS specializes in LCO2 storage tanks as part of large-scale maritime carbon capture and storage systems, reflecting growing industry investment in advanced storage technologies to support industrial growth and decarbonization initiatives.
Major companies operating in the liquid carbon dioxide storage tanks market are Linde plc, Chart Industries Inc., CIMC Enric Holdings Limited, KNM Group Berhad, Cryolor S.A., Universal Ing. La. Boschi Plants Private Limited, Luxi New Energy Equipment Group Co. Ltd., FIBA Technologies Inc., August Cryogenics, BNH Gas Tanks LLP, Eurotainer S.A., Cryofab Inc., ERGIL, Allcryo Inc., Universal Air And Gas Products Corporation, INOX India Private Limited, Cryotech Asia Private Limited, Super Cryogenic Systems Pvt Ltd., Comtecswiss AG, Hypro Engineers Private Limited.
North America was the largest region in the liquid carbon dioxide storage tanks market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in liquid carbon dioxide (CO2) storage tanks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the liquid carbon dioxide (CO2) storage tanks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The liquid carbon dioxide (CO2) storage tanks market consists of sales of double-walled storage tanks, pressurized storage tanks, stationary industrial tanks, low-temperature vacuum-insulated tanks, and custom storage tanks. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquid Carbon Dioxide Storage Tanks Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liquid carbon dioxide storage tanks market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid carbon dioxide storage tanks ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The liquid carbon dioxide storage tanks market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.