The global demand for LPG Tanker Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An LPG tanker is a type of gas carrier that delivers petroleum gases in bulk. LPG tankers are frequently used for storing and transporting gas across great distances safely and conveniently. LPG tankers are made up of individual reservoirs stacked in cargo holds. Some of the most common LPG tankers are small-pressurized tanks, insulated or refrigerated seagoing tanks, and semi-pressurized tanks. They come in a variety of sizes and are propelled by a geared-diesel system and a controllable-pitch propeller. In addition to ammonia, propylene, and vinyl chloride, these tankers deliver ammonia, propylene, and vinyl chloride. As a result, they are used in various industries, including oil and gas, chemical, automotive, and refinery.
Market Dynamics
Other reasons, including favorable government policies and significant infrastructure projects, are likely to propel the business forward, particularly in developing economies. Furthermore, the growing demand for LPG in HVAC (heating, ventilation, and air conditioning) applications is propelling the market. Following this, the ever-increasing demand for LPG as a feedstock for fertilizers and petrochemicals is also driving market expansion. Various technological improvements, including the integration of semi-membrane tanks and bow wave resistance devices on the tanker's hull, are also contributing to the development of the industry.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lpg tanker. The growth and trends of lpg tanker industry provide a holistic approach to this study.
Market Segmentation
This section of the lpg tanker market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vessel Size
- Very Large Gas Carriers (Vlgc)
- Large Gas Carriers (Lgc)
- Medium Gas Carriers (Mgc)
- Small Gas Carriers (Sgc)
By Refrigeration & Pressurization
- Ethylene
- Full Refrigerated
- Semi Refrigerated
- Full Pressurized
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the LPG Tanker market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global LPG Tanker Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lpg tanker market include StealthGas Inc., Dorian LPG Ltd., BW Group, Hyundai Heavy Industries Co., Ltd., Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd., EXMAR, PT Pertamina (Persero), The Great Eastern Shipping Co. Ltd., Namura Shipbuilding Co., Ltd., Kuwait Oil Tanker Co. S.A.K., DAE SUN Shipbuilding and Engineering Co. Ltd., STX Corp., Teekay Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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