LPG Tanker Market to Reach 275.13 Millionby2029, Fueled by ShaleGas, TradeGrowth
**Market Overview:** The global LPG tanker market is projected to reach **US 275.13 million by 2029**, growing at a 5.3% CAGR from 2023. This expansion is driven by factors like:
- Rising shale gas production: Increased focus on shale gas extraction will boost demand for LPG tankers for transportation.
- Growing trade ties: Expanding trade, particularly between the US and Asia Pacific for shale gas, will require more tanker capacity.
- Shifting fuel choices: Increasing use of LPG in petrochemical plants and as a cleaner alternative fuel will support market growth.
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This comprehensive report offers valuable insights into the LPG tanker market, covering:
- Market size and growth projections
- Key drivers and challenges
- Product segmentation and regional trends
- Competitive landscape
- Future outlook and opportunities
The report leverages robust research methods, including:
- Extensive analysis of secondary data from various sources
- Expert interviews with key stakeholders in the industry
- Surveys and polls conducted among relevant players
The market is segmented based on:
- Vessel Size: Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), Medium Gas Carriers (MGC), Small Gas Carriers (SGC)
- Refrigeration & Pressurization: Ethylene, Full Refrigerated, Semi Refrigerated, Full Pressurized
- Region: North America, Europe, Asia Pacific, Middle East & Africa, South America
- Europe: Expected to hold the largest market share due to rising LPG demand and import reliance.
- North America: Projected to witness rapid growth due to its role as a major LPG exporter and increasing domestic use.
- Asia Pacific: Anticipated to experience significant growth driven by expanding LPG consumption and trade.
2.Dorian LPG Ltd.
4.Hyundai Heavy Industries Co. Ltd.
5.Kawasaki Heavy Industries Ltd.
7.Mitsubishi Heavy Industries Ltd.
8.The Great Eastern Shipping Co. Ltd.
9.Kuwait Oil Tanker Company
10.DAE Sun Shipbuilding and Engineering Co. Ltd.
11.Namura Shipbuilding Co. Ltd.
15.Epic Gas Ltd.
17.Hanjin Heavy Industries Ltd.
18.Hijos de J. Barreras
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