9% Ni Steel for Cryogenic Storage Tank Market Report – Research, Industry Analysis Reports and Market Demands

Global 9% Ni Steel for Cryogenic Storage Tank Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Type: 2021 Versus 2025 Versus 2032
- 1.3.2 Thickness <10 mm
- 1.3.3 Thickness 10–30 mm
- 1.3.4 Thickness >30 mm
1.4 Market Analysis by Standard
- 1.4.1 Overview: Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Standard: 2021 Versus 2025 Versus 2032
- 1.4.2 ASTM Standard
- 1.4.3 EN Standard
- 1.4.4 GB Standard
- 1.4.5 JIS Standard
1.5 Market Analysis by Application
- 1.5.1 Overview: Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.5.2 Liquefied Natural Gas (LNG)
- 1.5.3 Liquid Nitrogen
- 1.5.4 Cryogenic Ethylene
- 1.5.5 Other
1.6 Global 9% Ni Steel for Cryogenic Storage Tank Market Size & Forecast
- 1.6.1 Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021 & 2025 & 2032)
- 1.6.2 Global 9% Ni Steel for Cryogenic Storage Tank Sales Quantity (2021-2032)
- 1.6.3 Global 9% Ni Steel for Cryogenic Storage Tank Average Price (2021-2032)

2 Manufacturers Profiles

3 Competitive Environment: 9% Ni Steel for Cryogenic Storage Tank by Manufacturer

3.1 Global 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Manufacturer (2021-2026)
3.2 Global 9% Ni Steel for Cryogenic Storage Tank Revenue by Manufacturer (2021-2026)
3.3 Global 9% Ni Steel for Cryogenic Storage Tank Average Price by Manufacturer (2021-2026)
3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of 9% Ni Steel for Cryogenic Storage Tank by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 9% Ni Steel for Cryogenic Storage Tank Manufacturer Market Share in 2025
- 3.4.3 Top 6 9% Ni Steel for Cryogenic Storage Tank Manufacturer Market Share in 2025
3.5 9% Ni Steel for Cryogenic Storage Tank Market: Overall Company Footprint Analysis
- 3.5.1 9% Ni Steel for Cryogenic Storage Tank Market: Region Footprint
- 3.5.2 9% Ni Steel for Cryogenic Storage Tank Market: Company Product Type Footprint
- 3.5.3 9% Ni Steel for Cryogenic Storage Tank Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global 9% Ni Steel for Cryogenic Storage Tank Market Size by Region
- 4.1.1 Global 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Region (2021-2032)
- 4.1.2 Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Region (2021-2032)
- 4.1.3 Global 9% Ni Steel for Cryogenic Storage Tank Average Price by Region (2021-2032)
4.2 North America 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021-2032)
4.3 Europe 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021-2032)
4.4 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021-2032)
4.5 South America 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021-2032)
4.6 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Consumption Value (2021-2032)

5 Market Segment by Type

5.1 Global 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
5.2 Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Type (2021-2032)
5.3 Global 9% Ni Steel for Cryogenic Storage Tank Average Price by Type (2021-2032)

6 Market Segment by Application

6.1 Global 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
6.2 Global 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Application (2021-2032)
6.3 Global 9% Ni Steel for Cryogenic Storage Tank Average Price by Application (2021-2032)

7 North America

7.1 North America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
7.2 North America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
7.3 North America 9% Ni Steel for Cryogenic Storage Tank Market Size by Country
- 7.3.1 North America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Country (2021-2032)
- 7.3.2 North America 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

8.1 Europe 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
8.2 Europe 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
8.3 Europe 9% Ni Steel for Cryogenic Storage Tank Market Size by Country
- 8.3.1 Europe 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Country (2021-2032)
- 8.3.2 Europe 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

9.1 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
9.2 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
9.3 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Market Size by Region
- 9.3.1 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

10.1 South America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
10.2 South America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
10.3 South America 9% Ni Steel for Cryogenic Storage Tank Market Size by Country
- 10.3.1 South America 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Country (2021-2032)
- 10.3.2 South America 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

11.1 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Type (2021-2032)
11.2 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Application (2021-2032)
11.3 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Market Size by Country
- 11.3.1 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa 9% Ni Steel for Cryogenic Storage Tank Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

12.1 9% Ni Steel for Cryogenic Storage Tank Market Drivers
12.2 9% Ni Steel for Cryogenic Storage Tank Market Restraints
12.3 9% Ni Steel for Cryogenic Storage Tank Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of 9% Ni Steel for Cryogenic Storage Tank and Key Manufacturers
13.2 Manufacturing Costs Percentage of 9% Ni Steel for Cryogenic Storage Tank
13.3 9% Ni Steel for Cryogenic Storage Tank Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 9% Ni Steel for Cryogenic Storage Tank Typical Distributors
14.3 9% Ni Steel for Cryogenic Storage Tank Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global 9% Ni Steel for Cryogenic Storage Tank market size was valued at US$ 1406 million in 2025 and is forecast to a readjusted size of US$ 2025 million by 2032 with a CAGR of 5.5% during review period.
9% Ni steel for cryogenic storage tanks is a low-carbon martensitic high-nickel alloy steel with a nickel content of about 9%. It is specifically designed for ultra-low-temperature environments ranging from −162℃ to −196℃, and is a core material for the manufacture of large liquefied natural gas (LNG) storage tanks and LNG carriers. It is known for its high strength, excellent low-temperature toughness, and good weldability, and is classified as a special steel for cryogenic high-pressure vessels, capable of preventing brittle fracture under extremely low-temperature conditions.
In 2025, global production of 9% Ni Steel reached 350 thousand tons, with an average selling price of USD 3,900 per ton.
Total installed capacity was approximately 0.7 million tons, and the industry gross margin was around 10%–20%.
Cost structure: direct materials accounted for about 60%, fuel and power about 30%, manufacturing overhead about 5%, and labor costs about 5%.
Industry value chain: upstream consists of suppliers of metallic nickel, iron, and other alloying elements, while downstream applications are mainly in cryogenic storage tanks and shipbuilding industries.
This report is a detailed and comprehensive analysis for global 9% Ni Steel for Cryogenic Storage Tank market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global 9% Ni Steel for Cryogenic Storage Tank market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global 9% Ni Steel for Cryogenic Storage Tank market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global 9% Ni Steel for Cryogenic Storage Tank market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global 9% Ni Steel for Cryogenic Storage Tank market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for 9% Ni Steel for Cryogenic Storage Tank
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global 9% Ni Steel for Cryogenic Storage Tank market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nippon Steel, ArcelorMittal, POSCO, JFE Steel, Kobe Steel, voestalpine Group, Hyundai Steel, Nanjing Iron & Steel, Baoshan Iron & Steel, Taiyuan Iron & Steel, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
9% Ni Steel for Cryogenic Storage Tank market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Thickness <10 mm
Thickness 10–30 mm
Thickness >30 mm
Market segment by Standard
ASTM Standard
EN Standard
GB Standard
JIS Standard
Market segment by Application
Liquefied Natural Gas (LNG)
Liquid Nitrogen
Cryogenic Ethylene
Other
Major players covered
Nippon Steel
ArcelorMittal
POSCO
JFE Steel
Kobe Steel
voestalpine Group
Hyundai Steel
Nanjing Iron & Steel
Baoshan Iron & Steel
Taiyuan Iron & Steel
Shandong Iron and Steel
Wuyang Iron and Steel
Xiangtan Iron and Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe 9% Ni Steel for Cryogenic Storage Tank product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of 9% Ni Steel for Cryogenic Storage Tank, with price, sales quantity, revenue, and global market share of 9% Ni Steel for Cryogenic Storage Tank from 2021 to 2026.
Chapter 3, the 9% Ni Steel for Cryogenic Storage Tank competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the 9% Ni Steel for Cryogenic Storage Tank breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and 9% Ni Steel for Cryogenic Storage Tank market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of 9% Ni Steel for Cryogenic Storage Tank.
Chapter 14 and 15, to describe 9% Ni Steel for Cryogenic Storage Tank sales channel, distributors, customers, research findings and conclusion.

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