Storage tanks are available in many shapes: vertical and horizontal cylindrical; open top and closed top; flat bottom, cone bottom, slope bottom and dish bottom. Large tanks tend to be vertical cylindrical, or to have rounded corners transition from vertical side wall to bottom profile, to easier withstand hydraulic hydrostatically induced pressure of contained liquid. Most container tanks for handling liquids during transportation are designed to handle varying degrees of pressure.

Some storage tanks need a floating roof in addition to or in lieu of the fixed roof and structure. This floating roof rises and falls with the liquid level inside the tank, thereby decreasing the vapor space above the liquid level. Floating roofs are considered a safety requirement as well as a pollution prevention measure for many industries including petroleum refining.

As flash-points of fuels go very low the tanks are usually spherical (known as spheres), to store LPG, hydrogen, hexane, nitrogen, oxygen etc.