Market Overview:
The global liquid natural gas (LNG) market is expected to grow from USD 204.5 billion in 2018 to USD 349.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the LNG market can be attributed to the increasing demand for LNG as a transportation fuel and as a source of power generation across the globe. Additionally, the growing demand for LNG from mining and industrial applications is also contributing to the growth of the global LNG market.
Product Definition:
Liquid natural gas (LNG) is a liquid form of methane that is derived from natural gas. It is important because it can be used as a fuel for vehicles and as a feedstock for the production of chemicals, plastics, and fertilizers.
APCI Liquefaction Technology:
The Advanced Processing and Control (APC) liquefaction technology is used to convert liquid natural gas into a gaseous form. The technology involves the use of several processing units such as compressors, heat exchangers, separators and storage tanks among others. The key components involved in the liquefaction process are the pre-treatment system, main treatment system & control room and pipeline transport system.
Cascade Liquefaction Technology:
Cascade liquefaction technology is used to produce Liquefied Natural Gas (LNG). It is a process of converting natural gas into a liquid form. This technology has been in use for many years and was developed by the American company, Cascade Engineering Company. The major advantage of this technology is that it can be used irrespective of the pressure as it does not involve any compression equipment or storage facilities.
Application Insights:
The transportation fuel segment led the global liquid natural gas market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Transportation fuels are used for vehicles that run on gasoline or diesel, which are derived from fossil fuels. Increasing use of LNG as an alternative fuel in passenger cars and light commercial vehicles across the globe is expected to drive demand over the coming years.
Increasing application of LNG as a power generation medium by using it directly flame thrower or with turbines for power generation purposes is expected to propel its demand from 2018 to 2030. The growing mining sector across various countries including Australia, Brazil, China, India Japan South Korea Mexico United States will boost industry growth over the forecast period owing to increasing investments in coal-to-gas switching facilities thereby providing avenues for Liquefied Natural Gas (LNG).
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to increasing demand from China, India, and other countries. In addition, growing industrialization coupled with rapid economic growth is anticipated to fuel the product demand across various end-use industries such as power generation and transportation.
The Asia Pacific witnessed significant developments in liquefied natural gas (LNG) supply infrastructure during 2016-2017 due to ongoing projects such as Gorgon LNG project by Chevron Corporation; Kurnia 1 & 2 by PT Pertamina Gas Negara; Trifecta East & West by Shell Oil Company; etc., which are projecteded to boost market growth over the next eight years.
North America emerged as one of the prominent consumers of liquid natural gas across major regions globally on account of rising shale production that has resulted into increased exports from U.S.
Growth Factors:
- Increasing demand from the transportation sector as a result of stringent environmental regulations for emissions reduction.
- Rapid growth in the Asia-Pacific region, especially in China and India, due to rising energy demand from industrial and commercial sectors.
- Proliferation of liquefaction terminals and shipping infrastructure that is making LNG more accessible to consumers worldwide.
- Growing use of natural gas as a fuel for power generation, particularly in developing countries where there is an abundance of stranded gas resources.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Natural Gas Market Research Report
By Type
APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
By Application
Transportation Fuel, Power Generation, Mining & Industrial
By Companies
Cheniere Energy, ConocoPhillips, Qatar Petroleum, Woodside Petroleum, Sinopec Group, BP, TOTAL, Shell, ExxonMobil, Chevron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Natural Gas Market Report Segments:
The global Liquid Natural Gas market is segmented on the basis of:
Types
APCI Liquefaction Technology, Cascade Liquefaction Technology, Other Liquefaction Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation Fuel, Power Generation, Mining & Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cheniere Energy
- ConocoPhillips
- Qatar Petroleum
- Woodside Petroleum
- Sinopec Group
- BP
- TOTAL
- Shell
- ExxonMobil
- Chevron
Highlights of The Liquid Natural Gas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- APCI Liquefaction Technology
- Cascade Liquefaction Technology
- Other Liquefaction Technology
- By Application:
- Transportation Fuel
- Power Generation
- Mining & Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Natural Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liquid natural gas (LNG) is a type of natural gas that is composed of methane, ethane and propane. It can be liquefied at high temperatures and then stored in tanks on site or transported to markets.
Some of the key players operating in the liquid natural gas market are Cheniere Energy, ConocoPhillips, Qatar Petroleum, Woodside Petroleum, Sinopec Group, BP, TOTAL, Shell, ExxonMobil, Chevron.
The liquid natural gas market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid Natural Gas Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Liquid Natural Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquid Natural Gas Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Liquid Natural Gas Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Liquid Natural Gas Market Size & Forecast, 2020-2028
4.5.1 Liquid Natural Gas Market Size and Y-o-Y Growth
4.5.2 Liquid Natural Gas Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 APCI Liquefaction Technology
5.2.2 Cascade Liquefaction Technology
5.2.3 Other Liquefaction Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation Fuel
6.2.2 Power Generation
6.2.3 Mining & Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquid Natural Gas Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Liquid Natural Gas Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 APCI Liquefaction Technology
9.6.2 Cascade Liquefaction Technology
9.6.3 Other Liquefaction Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation Fuel
9.10.2 Power Generation
9.10.3 Mining & Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 APCI Liquefaction Technology
10.6.2 Cascade Liquefaction Technology
10.6.3 Other Liquefaction Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation Fuel
10.10.2 Power Generation
10.10.3 Mining & Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 APCI Liquefaction Technology
11.6.2 Cascade Liquefaction Technology
11.6.3 Other Liquefaction Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation Fuel
11.10.2 Power Generation
11.10.3 Mining & Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 APCI Liquefaction Technology
12.6.2 Cascade Liquefaction Technology
12.6.3 Other Liquefaction Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation Fuel
12.10.2 Power Generation
12.10.3 Mining & Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 APCI Liquefaction Technology
13.6.2 Cascade Liquefaction Technology
13.6.3 Other Liquefaction Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation Fuel
13.10.2 Power Generation
13.10.3 Mining & Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Liquid Natural Gas Market: Competitive Dashboard
14.2 Global Liquid Natural Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cheniere Energy
14.3.2 ConocoPhillips
14.3.3 Qatar Petroleum
14.3.4 Woodside Petroleum
14.3.5 Sinopec Group
14.3.6 BP
14.3.7 TOTAL
14.3.8 Shell
14.3.9 ExxonMobil
14.3.10 Chevron
