LPG Tanker Market Trends and Forecast up to 2024
Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a concurrent increase in the trade of LPG. At the same time, the demand for LPG for cooking and HVAC applications is on the rise, fueling the demand for safe storage and transportation of LPG. This has subsequently led to the demand for LPG tankers to swing upward.
Get Research Report Overview @ https://www.transparencymarketresearch.com/lpg-tanker-market.html
As a result of the several positive factors acting on the market, several LPG carries and tanker companies have either already expanded their capacities or are planning to do so in the near future. This report examines how the rapid expansion of the gas energy market will impact the dynamics of the global LPG tanker market.
In order to present a highly objective analysis, the report makes used of a balanced mix of primary and secondary research and backs it with the independent analysis of our seasoned research analysts. The report reveals the most lucrative regional markets for LPG tankers and which type of LPG tankers will see the highest demand.
LPG Tanker Market: Trends
The top three trends that are giving the global LPG tanker market a boost are: Increased shale gas production from hitherto untapped reserves, an upswing in international gas trade, and the continued use of LPG as a cooking fuel.
The volatility in crude oil prices has prompted the industry to extracting shale gas and oil. This has been possible on a large scale because of the technological improvements in fracking practices. The amount of shale gas moving from the U.S. to countries in the Asia Pacific and North Africa regions is on the rise not just because demand is rising, but also because transportation costs have now reduced owing to a fall in oil prices. However, the erratic behavior of crude oil prices has led to the prices of LPG becoming stronger, which has diluted demand to some degree. This factor could hurt the demand for LPG tankers.
However, the overall outlook of the global LPG tanker market remains positive in the short term.
LPG Tanker Market: Segmentation
Gas tankers can be fully pressurized, fully refrigerated, or semi-pressurized. Carriers for ethylene are regarded as a separate segment in the market because these require extra refrigeration.
The capacity of such carries can range from as low as 500 cubic meters to over 10,000 cubic meters. Thus, the type of gas tanker selected would directly depend on the volume of LPG that is to be transported or stored. By size, the types of LPG tankers available on the market are small, medium, large, and very large gas carriers.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12515
LPG Tanker Market: Region-wise Outlook
By geography, the global market for LPG tankers can be segmented into: North America, Asia Pacific, Europe, and Rest of the World. Because the Middle East has conventionally been the hub for oil production, the LPG gas tanker market in the region has been relatively large. However, with shale oil production showing a spike in the U.S. and Canada, oil and gas companies in these countries are now spending more on transporting the resource. That will, consequently, cause the demand for LPG tankers to rise in these countries.
The demand for energy is at an all-time high in emerging APAC countries. This will also create million-dollar opportunities for the LPG tanker market in the region.
Top players in this space include, but are not limited to: Great Eastern Shipping Company Ltd., Navigator Holdings Ltd., EXMAR, and Pertamina.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LPG Tanker Market Trends and Forecast up to 2024 here
News-ID: 1201926 • Views: 121
More Releases from Transparecny Market Research
Shared Mobility Market | Key Business Opportunities Along With Potential Challen …
Shared mobility is a type of service in which a vehicle is shared based on the time and distance it is used in return for money. In shared mobility, a vehicle owner or the owner of a large fleet provides the vehicle on a rental basis to consumers and other companies. Shared mobility comprises sharing a car, a ride, a two-wheeler, and sharing trucks and buses. Browse Research Report@ https://www.transparencymarketresearch.com/shared-mobility-market.html Key
Full Truckload Transportation Market: China, Japan, India, and South Korea Proje …
Full truckload transportation, also referred to as full truckload freight shipping, comprises heavy commercial vehicles that are employed for transportation of large shipments. Full truckload transportation involves dedicated trucks filled with enough products for the shipment. Full truckload transportation is considerably faster than less than truckload transportation and witnesses high demand from consumers, especially for large shipment transportation. For More Industry Insight, Download Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=52437 Increase in demand for robust and
Procurement Outsourcing Services Market Expected to Reach US$ 8,050.6 Mn by 2026
According to a new market report titled Procurement Outsourcing Services Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 published by Transparency Market Research the global procurement outsourcing services market is expected to reach US$ 8,050.6 Mn by 2026, from US$ 2,819.2 Mn in 2017, expanding at a CAGR of 12.7% from 2018 to 2026. According to the report, the global market is expected to continue
Light Sensor Market - Increasing Demand For The Smart Home Technology is Expecte …
According to a new market research report pertaining to the light sensor market, published by Transparency Market Research the global light sensor market is expected to reach value of US$ 2,435.9 Mn by 2027, expanding at a CAGR of 8.2% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, Asia Pacific would
More Releases for LPG
Cape Gas Ensuring Safe LPG Installations
The expertise of Cape Gas lies in the “Liquid Petroleum Gas” Industry (LPG) and the company performs installations and repairs. Cape Gas is a registered member of LPGSASA or Liquid Petroleum Gas Safety Association of Southern Africa. Service areas of Cape Gas include: Domestic Installations: The staff of Cape Gas does Basic Economy installation that comes with a Gas Hob connection as well as single 9 kg cylinder in a cupboard system.
LPG Tanker Market to Record Sturdy Growth by 2024
LPG Tanker Market: Overview Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a
Cape Gas: Solving all LPG Requirements
Very few companies provide a wholesome solution to their consumers, be it domestic, commercial or industrial gas requirements. Cape Gas is one such company that proves to be a one-stop solution to any kind of requirement regarding liquefied petroleum gas (LPG). They are registered members of “Liquid Petroleum Gas Safety Association of South Africa (LPGSASA) and proudly employed members titled “Licensed Gas Practitioners” who hold South African Qualification and Certification
Global LPG Regulators for Cylinders Market Research Report 2017
LPG Regulators for Cylinders industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world LPG Regulators for Cylinders industry. The main market players are Emerson, Cavagna Group, Rotarex, EFFBE, ECP Industries and Mauria Udyog. The production of LPG Regulators for Cylinders will increase to 99692 K Units in 2017 from 85184 K Units in 2012 with average growth rate of 3.19% This
Global LPG Cylinder Market Report 2017: MBG
The Global LPG Cylinder Market Report 2017 is a professional and in-depth study on the current state of the LPG cylinder market. Annual estimates and forecasts are provided for the period 2015 through 2023. Also, a six-year historic analysis is provided for these markets. The poduction of LPG cylinder will increase to 75665 K Units in 2017 from 55078 K Units in 2012 with average growth rate of 6.56%. Fill the
Global LPG Cylinder Market Report 2017
Qyresearchreports include new market research report “Global LPG Cylinder Market Report 2017” to its huge collection of research reports. This research report gives an account of the global LPG Cylinder market manages all its basic points of interest with the assistance of an inside and out and shrewd examination. The market is clarified in a comprehensive way and thus permits the report to show an entire examination of the market as