openPR Logo
Press release

Very Large Gas Carrier Market: Burgeoning U.S. Shale Gas Production to Open Lucrative Growth Avenues 2020

06-29-2017 11:23 AM CET | Energy & Environment

Press release from: Transparency Market Research

Very Large Gas Carrier Market

Very Large Gas Carrier Market

The surging export of liquefied petroleum gas (LPG) from the U.S. due to burgeoning shale gas production is a key factor driving the recent evolution of the very large gas carrier (VLGC) market. In a report penned by Transparency Market Research (TMR), titled “Very Large Gas Carrier Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014–2020”, the rising production of the U.S. shale companies is expected to propel the demand for VLGCs over the forecast period.

The rising demand for LPG and liquefied natural gas (LNG) in several developing economies has bolstered the demand for fully refrigerated tankers, thereby expected to drive the growth of the very large gas carrier market. The research offers comprehensive insights into the key drivers and restraints, major developments in the oil and gas industry, regulatory landscape in major regions, and recent technological advancements in gas carriers.

Browse Market Research Report @ http://www.transparencymarketresearch.com/very-large-gas-carrier-market.html

The growing demand for LPG in a number of countries in Asia Pacific has catalyzed the very large gas carrier market. The widening of the Panama Cana, attributable to the expansion project in 2016 called the Third Set of Locks Project, is a shot in the arm for the players in the VLGC market. The expansion led to reduced travel time for LNG carriers from the U.S. to many Asian nations, paving the way for the increased transportation of LNG through VLGCs. The impact is especially significant for major LNG importers in the northern Asia such as for South Korea, China, Taiwan, and Japan. This is a crucial factor accentuating the very large gas carrier market.

The pressing need for reducing logistics cost and achieving operational improvements in LPG transportation has led to major technological advancements in fully refrigerated containers used as very large gas carriers. The rising number of carrier building activities is also expected to favorably impact the market.

Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2877

Geographically, North America is a prominent regional market for very large gas carriers. The substantial demand for very large gas carriers in the region is driven by the rising shale gas production in the U.S. A large number of shipping companies in the region have begun constructing VLGCs to support this. Meanwhile, Asia Pacific is fast emerging as a prominent regional market, opening up abundant lucrative avenues for the players. The increasing import of LPG to meet the soaring energy requirements in several developing and developed nations in Asia is expected to boost the regional market.

The increasing demand for clean fuel sources in several nations of Europe due to mounting environmental concerns is anticipated to accentuate this regional market in the coming years. Owing to continued economic recovery, a number of shipping companies have bagged orders for the construction of very large LPG tankers in the region. The rising exports of LNG from Russia and numerous nations in South America is expected to augur well for the very large gas carrier market.

Major players operating in the very large gas carrier market include Great Eastern Shipping Company, Navigator Holdings Ltd., Pertamina Gas, and Dorian Hellas S.A.

About Us

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 insights for 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, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog: http://marketresearchreports2017.blogspot.in

This release was published on openPR.

Permanent link to this press release:

Copy
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 Very Large Gas Carrier Market: Burgeoning U.S. Shale Gas Production to Open Lucrative Growth Avenues 2020 here

News-ID: 601619 • Views: 196

More Releases from Transparency Market Research

Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals

All 5 Releases


More Releases for Gas

Acetylene Gas Market
According to a new research report distributed by eSherpa Market Reports titled, Acetylene Gas Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2015-2026, the global Acetylene Gas market was valued at $XXX million in 2020, and is expected to reach $XXX million by 2026, registering a CAGR of XX% from 2015 to 2026. Europe dominated the global Acetylene Gas market in 2020, accounting for one-third share
Global Gas Mixtures Market
Global Gas Mixtures Market – Industry Analysis and Forecast (2018-2026) – by Mixture Type, Storage & Distribution Mode, Manufacturing Process, End-use Industry, and Region. Global Gas Mixtures Market was valued at US$ 30.2Bn in 2017 and is expected to reach US$ 43.2Bn by 2026 at a CAGR of 4.5%. Global gas mixtures market has been developing at a faster pace with the advance creative systems. Factors such as robust growth of the
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Acetylene Gas Market 2017 - Jinhong Gas, Koatsu Gas, Linde
The report entitled Global Acetylene Gas Market 2017 presents key insights into the global Acetylene Gas market along with the latest up-to-date industry details and forthcoming Acetylene Gas industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Acetylene Gas Market 2017" is to study comprehensive details of the market
Green Vegetables Gas Up
WELTEC BIOPOWER Builds 500-kW Biogas Plant for Vegetable Producer In January 2015, WELTEC BIOPOWER started building an anaerobic digestion plant in Loughgall, Northern Ireland. The customer and operator of the 500-kW plant is the vegetable producer Gilfresh Produce. The enterprise produces numerous field-grown products and processes them into food. "For WELTEC, this is the third plant in Northern Ireland and thus the eleventh in the UK", says Kevin Monson, sales manager