LPG Tanker Market Overview:
The LPG Tanker Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the LPG Tanker Market, as well as the causes for variances in the industry’s growth in different regions.
The LPG Tanker Market size was valued at US$ 182.02 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 5.3% from 2022 to 2027, reaching nearly US$ 248.14 Mn.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research were conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
by Vessel Size
• Very Large Gas Carriers (VLGC)
• Large Gas Carriers (LGC)
• Medium Gas Carriers (MGC)
• Small Gas Carriers (SGC)
The market is divided into Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), Medium Gas Carriers (MGC), and Small Gas Carriers (SGC) based on the size of the vessel. By 2027, the Very Large Gas Carriers (VLGC) category is anticipated to command a market share. Use of very large gas carriers is used for longer-distance LPG gas transportation throughout numerous nations. The expansion of trade relations for liquefied petroleum gas between countries, particularly those in Western Africa, Europe, and the Middle East, as well as the United States, is the key factor driving the segment’s growth. The LGC, on the other hand, is anticipated to barely exceed during the projected period. Large petrol carriers also have a strong hold on the world market.
by Refrigeration & Pressurization
• Ethylene
• Full Refrigerated
• Semi Refrigerated
• Full Pressurized
The market is divided into Ethylene, Full Refrigerated, Semi Refrigerated, and Full Pressurised categories according on refrigeration and pressurisation. The Full Pressurised segment is anticipated to expand quickly from 2022 to 2027, with a CAGR. The fully pressurised segment is anticipated to maintain its lead during the projection period. It is anticipated that the market will develop steadily across all categories as the volume of LPG carried increases. The fully-refrigerated types of VLGCs have a gas carrying capacity of 15,000 m3 to 85,000 m3, and they are intended for long trips. These ships can function with vessels that can endure a minimum operating temperature of -50 oC and a maximum working pressure of 0.28 kg/cm2. Since ethylene needs additional cooling for safe global transport
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the LPG Tanker Market are as follows:
• StealthGas Inc.
• Dorian LPG Ltd.
• BW Group
• Hyundai Heavy Industries Co. Ltd.
• Kawasaki Heavy Industries Ltd.
• DSME
• Mitsubishi Heavy Industries Ltd.
• The Great Eastern Shipping Co. Ltd.
• Kuwait Oil Tanker Company
• DAE Sun Shipbuilding and Engineering Co. Ltd.
• Namura Shipbuilding Co. Ltd.
• EXMAR
• STX Corporation
• PT Pertamina
• Epic Gas Ltd.
• Meyer Turku
• Hanjin Heavy Industries Ltd.
• Hijos de J. Barreras
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The table of content for the LPG Tanker Market includes the:
Global LPG Tanker Market: Executive Summary
Market Overview and Definitions
Introduction to Global LPG Tanker Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global LPG Tanker Market: Competitive Analysis
MMR Competition Matrix
Market Structure by Region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global LPG Tanker Market Segmentation
Global LPG Tanker Market, by Vessel Size (2022-2029)
Global LPG Tanker Market, by Refrigeration & Pressurization(2022-2029)
Regional LPG Tanker Market(2022-2029)
Regional LPG Tanker Market, by Vessel Size(2022-2029)
Regional LPG Tanker Market, by Refrigeration & Pressurization(2022-2029)
Regional LPG Tanker Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the LPG Tanker Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on LPG Tanker Market:
End-user industries where LPG Tanker Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for LPG Tanker Market manufacturers, influencing the development of the LPG Tanker Market in 2020. End-user business demand for LPG Tanker Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the LPG Tanker Market Report are:
- In 2021, which segment held the highest proportion of the LPG Tanker Market?
- What is the LPG Tanker Market’s competitive landscape?
- What are the primary drivers assisting the LPG Tanker Market growth?
- Which region has the most market share in the LPG Tanker Market?
- What will be the LPG Tanker Market’s CAGR throughout the projected period?
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