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Liquefied natural gas Market 2023 - By Industry Analysis, Future Prediction, Business Overview And Forecast To 2032
Liquefied Natural Gas Market
The Business Research Company's Liquefied natural gas Global Market Report 2023 identifies rising demand for liquefied natural gas as the major driver for the Liquefied natural gas market's growth in the forecast period. Liquefied natural gas is produced by purifying natural gas and transforming it to -260°F. It is natural gas that has gone through cooling to become liquid. The rising demand for growing motor petrol use, and increasing big semi-urban and rural population will boost the demand for liquefied natural gas market growth.
The global liquefied natural gas market size is expected to grow from $121.94 billion in 2022 to $132.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liquefied natural gas market size is expected to reach $178.86 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the Liquefied natural gas market are BP PLC, Chevron Corporation, Eni SpA, Exxon Mobil Corporation, Total Energies, Cheniere Energy Inc., ConocoPhillips Company.
A key trend in the Liquefied natural gas market includes technological advancements. Companies operating in the liquefied Natural gas market are adopting new technologies to sustain their position in the market. For instance, in February 2023, New Fortress Energy Inc., a US-based energy infrastructure company, adopted Honeywell UOP technology to eliminate contaminants from natural gas. Honeywell UOP is the provider of gas processing technology. Its pollutant removal and hydrocarbon management technologies are employed in the production of about 40% of the world's liquefied natural gas.
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https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-global-market-report
The Liquefied natural gas market is segmented -
• By Type: APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
• By Application: Power Generation, Transportation Fuel, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Liquefied natural gas market.
The Business Research Company's "Global Liquefied natural gas Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquefied natural gas Market Include:
1. Executive Summary
2. Liquefied Natural Gas Market Characteristics
3. Liquefied Natural Gas Market Trends And Strategies
4. Liquefied Natural Gas Market - Macro Economic Scenario
5. Liquefied Natural Gas Market Size And Growth
……………………………………
26. Africa Liquefied Natural Gas Market
27. Liquefied Natural Gas Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquefied Natural Gas Market
29. Liquefied Natural Gas Market Future Outlook and Potential Analysis
30. Appendix
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