Market Overview:
The global LPG carriers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LPG as a fuel source for transportation and industrial applications. Additionally, the growing demand for LPG in emerging economies is also contributing to the growth of this market. The global LPG carriers market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into super large gas carrier, large gas carrier, medium-sized gas carrier, and small carrier. The super large gas carrier segment is expected to witness highest growth during the forecast period owing to rising demand from developing countries such as China and India. On the basis of application,the market can be classified into industrial applications such as petrochemicals production and fertilizer production; energy applications such as power generation;and business applications such as catering services and transport services.
Product Definition:
LPG Carriers are vessels specifically designed to transport liquefied petroleum gas (LPG) in bulk. LPG is a mixture of propane and butane and is used for heating, cooking and industrial purposes.
The importance of LPG carriers lies in the fact that they can transport large quantities of LPG around the world, making it available to consumers where it would not be otherwise.
Super Large Gas Carrier:
A super large gas carrier is a ship that can carry many thousands of cubic meters of LPG at a time. The demand for such ships has been on the rise in recent years as they are capable to carrying huge volumes of liquid petroleum gases (LPG), which reduces the cost and weight burden on the vessel, thereby increasing its profit margin.
Large Gas Carrier:
Large gas carrier is a type of vessel that is designed to carry liquefied petroleum gas (LPG). It has the ability to transport up to 9,000 m3 of LPG. The design and construction of large gas carriers are similar to that of crude oil carriers; however, they differ in terms of dimensions and capacity.
Application Insights:
The industrial application segment led the global LPG carriers market in 2017 and is projected to continue its dominance over the forecast period. The growing manufacturing sector across various regions, including Asia Pacific and Middle East & Africa, is expected to propel product demand in this application segment. Furthermore, increasing industrialization along with rapid urbanization has resulted in an increased need for natural gas fuel across various industries globally.
Industrial gases include oxygen, nitrogen oxide (NOx), carbon dioxide (CO2), methane (CH4) and hydrogen sulfide (H2S). Among these gases; nitrogen oxide contributes significantly towards air pollution while methane and carbon dioxide are considered as greenhouse gasses thus having a negative impact on the environment if produced in large quantities.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for LPG cylinders since years due to rapid industrialization and growing population. Factors such as rising disposable income, changing lifestyle, and government initiatives promoting energy security are projected to further propel market growth over the coming years.
Europe accounted for a significant share of global LPG carriers market in terms of revenue owing to high demand from households coupled with stringent environmental regulations regarding carbon emissions by various regulatory bodies like ECHA, EU Parliament etc., which have resulted in higher product costs associated with transportation of natural gas liquids across Europe. North America emerged as a promising regional market on account of increasing shale gas production coupled with growing adoption rate for liquefied petroleum gas (LPG) fueled vehicles across U.S.
Growth Factors:
- Increasing demand for LPG as a fuel source for vehicles
- Growing popularity of LPG-powered vehicles
- Stringent environmental regulations favoring the use of cleaner fuels such as LPG
- Rising prices of gasoline and diesel fuel
- Technological advancements that make LPG-powered vehicles more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
LPG Carriers Market Research Report
By Type
Super Large Gas Carrier, Large Gas Carrier, Medium-sized Gas Carrier, Small Carrier
By Application
Industrial, Energy, Business
By Companies
Meyer Werft, Hanjin Heavy Industries, STX Offshore＆Shipbuilding, DSME, Hyundai Mipo Dockyard, Mitsubishi Heavy Industries Ltd, Meyer Turku, Hyundai Heavy Industries, Sembcorp Marine, Hijos de J.Barreras，SA（Hijos de J. Barreras）, Namura Shipbuilding
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global LPG Carriers Market Report Segments:
The global LPG Carriers market is segmented on the basis of:
Types
Super Large Gas Carrier, Large Gas Carrier, Medium-sized Gas Carrier, Small Carrier
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
Industrial, Energy, Business
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:
- Meyer Werft
- Hanjin Heavy Industries
- STX Offshore＆Shipbuilding
- DSME
- Hyundai Mipo Dockyard
- Mitsubishi Heavy Industries Ltd
- Meyer Turku
- Hyundai Heavy Industries
- Sembcorp Marine
- Hijos de J.Barreras，SA（Hijos de J. Barreras）
- Namura Shipbuilding
Highlights of The LPG Carriers 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:
- Super Large Gas Carrier
- Large Gas Carrier
- Medium-sized Gas Carrier
- Small Carrier
- By Application:
- Industrial
- Energy
- Business
- 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 LPG Carriers 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?
LPG Carriers is a global provider of LPG transportation and logistics services. The company offers a range of shipping, storage, and delivery services for LPG carriers and end-users. It also provides consulting, training, and support to its customers.
Some of the major players in the lpg carriers market are Meyer Werft, Hanjin Heavy Industries, STX Offshore＆Shipbuilding, DSME, Hyundai Mipo Dockyard, Mitsubishi Heavy Industries Ltd, Meyer Turku, Hyundai Heavy Industries, Sembcorp Marine, Hijos de J.Barreras，SA（Hijos de J. Barreras）, Namura Shipbuilding.
The lpg carriers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LPG Carriers 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 LPG Carriers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LPG Carriers 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 LPG Carriers 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 LPG Carriers Market Size & Forecast, 2018-2028
4.5.1 LPG Carriers Market Size and Y-o-Y Growth
4.5.2 LPG Carriers Market Absolute $ Opportunity
Chapter 5 Global LPG Carriers 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 LPG Carriers Market Size Forecast by Type
5.2.1 Super Large Gas Carrier
5.2.2 Large Gas Carrier
5.2.3 Medium-sized Gas Carrier
5.2.4 Small Carrier
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LPG Carriers 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 LPG Carriers Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Energy
6.2.3 Business
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LPG Carriers 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 LPG Carriers 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 LPG Carriers Analysis and Forecast
9.1 Introduction
9.2 North America LPG Carriers 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 LPG Carriers Market Size Forecast by Type
9.6.1 Super Large Gas Carrier
9.6.2 Large Gas Carrier
9.6.3 Medium-sized Gas Carrier
9.6.4 Small Carrier
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 LPG Carriers Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Energy
9.10.3 Business
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 LPG Carriers Analysis and Forecast
10.1 Introduction
10.2 Europe LPG Carriers 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 LPG Carriers Market Size Forecast by Type
10.6.1 Super Large Gas Carrier
10.6.2 Large Gas Carrier
10.6.3 Medium-sized Gas Carrier
10.6.4 Small Carrier
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 LPG Carriers Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Energy
10.10.3 Business
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 LPG Carriers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LPG Carriers 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 LPG Carriers Market Size Forecast by Type
11.6.1 Super Large Gas Carrier
11.6.2 Large Gas Carrier
11.6.3 Medium-sized Gas Carrier
11.6.4 Small Carrier
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 LPG Carriers Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Energy
11.10.3 Business
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 LPG Carriers Analysis and Forecast
12.1 Introduction
12.2 Latin America LPG Carriers 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 LPG Carriers Market Size Forecast by Type
12.6.1 Super Large Gas Carrier
12.6.2 Large Gas Carrier
12.6.3 Medium-sized Gas Carrier
12.6.4 Small Carrier
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 LPG Carriers Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Energy
12.10.3 Business
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) LPG Carriers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LPG Carriers 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) LPG Carriers Market Size Forecast by Type
13.6.1 Super Large Gas Carrier
13.6.2 Large Gas Carrier
13.6.3 Medium-sized Gas Carrier
13.6.4 Small Carrier
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) LPG Carriers Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Energy
13.10.3 Business
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 LPG Carriers Market: Competitive Dashboard
14.2 Global LPG Carriers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Meyer Werft
14.3.2 Hanjin Heavy Industries
14.3.3 STX Offshore＆Shipbuilding
14.3.4 DSME
14.3.5 Hyundai Mipo Dockyard
14.3.6 Mitsubishi Heavy Industries Ltd
14.3.7 Meyer Turku
14.3.8 Hyundai Heavy Industries
14.3.9 Sembcorp Marine
14.3.10 Hijos de J.Barreras，SA（Hijos de J. Barreras）
14.3.11 Namura Shipbuilding
