LPG Tanker Market by Refrigeration & Pressurization, Size and Capacity, End-Use Industries

List of Tables

The LPG Tanker Market is projected to reach USD 640.61 million by 2030 from USD 444.99 million in 2022, at a CAGR of 4.65% during the forecast period.

Global LPG Tanker Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 444.99 million
Estimated Year Value [2023]	USD 465.32 million
Forecast Year Value [2030]	USD 640.61 million
CAGR (%)	4.65%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the LPG Tanker Market.

Based on Refrigeration & Pressurization, market is studied across Ethylene Tankers, Fully Pressurized Tankers, Fully Refrigerated Tankers, and Semi-Refrigerated Tankers. The Fully Refrigerated Tankers is projected to witness significant market share during forecast period.

Based on Size and Capacity, market is studied across Large-Scale Tankers (More than 20,000 cubic meters), Medium-Scale Tankers (5,000 to 20,000 cubic meters), and Small-Scale Tankers (Less than 5,000 cubic meters). The Medium-Scale Tankers (5,000 to 20,000 cubic meters) is projected to witness significant market share during forecast period.

Based on End-Use Industries, market is studied across Commercial Distribution, Industrial Applications, and Residential. The Commercial Distribution is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.29% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the LPG Tanker Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape LPG Tanker Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the LPG Tanker Market, highlighting leading vendors and their innovative profiles. These include Air and Gas Holdings Pty Ltd., Bosco India, BW Group, DAE Sun Shipbuilding and Engineering Co. Ltd., Dorian LPG Ltd., DSME, Exmar NV, GLOBE GAS EQUIPMENTS INDUSTRY PVT. LTD., Hanjin Heavy Industries Ltd., Hanwha Ocean Co., Ltd., HD Hyundai Co. Ltd., K Shipbuilding Co., Ltd., Kawasaki Heavy Industries Ltd., Krison Engineering Works, Kuwait Oil Tanker Company, MEYER TURKU OY, Mitsubishi Heavy Industries Ltd., Mitsui OSK Lines, Ltd., Nakilat, Namura Shipbuilding Co., Ltd., Petredec Pte Limited, PT Pertamina, Solvang ASA, StealthGas, Inc., STX Corporation by Afc Mercury Co., Ltd, and The Great Eastern Shipping Co. Ltd..

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the LPG Tanker Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the LPG Tanker Market?

3. What is the competitive strategic window for identifying opportunities in the LPG Tanker Market?

4. What are the latest technology trends and regulatory frameworks in the LPG Tanker Market?

5. What is the market share of the leading vendors in the LPG Tanker Market?

6. Which modes and strategic moves are suitable for entering the LPG Tanker Market?

Product Code: MRR-742BD5180412

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. LPG Tanker Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for natural gas in end-user industries
  - 5.1.1.2. Surging price of fossil fuels and depleting fuel reservoirs
  - 5.1.1.3. Rising number of floating storage and regasification units
- 5.1.2. Restraints
  - 5.1.2.1. High cost of initial investment and dearth of infrastructure
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of dual-fuel free liquefied petroleum gas tankers
  - 5.1.3.2. Increasing demand for transportation and safe storage of liquefied petroleum gas
- 5.1.4. Challenges
  - 5.1.4.1. Limitations associated with LPG tankers
5.2. Market Segmentation Analysis
- 5.2.1. Size and Capacity: Wide use of Small-Scale Tankers in
- 5.2.2. Refrigeration & Pressurization: Proliferating use of pressurized tankers for shipping and transportation operations
- 5.2.3. End-Use Industries: Significant penetration of LPG tankers in industrial sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. LPG Tanker Market, by Refrigeration & Pressurization

6.1. Introduction
6.2. Ethylene Tankers
6.3. Fully Pressurized Tankers
6.4. Fully Refrigerated Tankers
6.5. Semi-Refrigerated Tankers

7. LPG Tanker Market, by Size and Capacity

7.1. Introduction
7.2. Large-Scale Tankers (More than 20,000 cubic meters)
7.3. Medium-Scale Tankers (5,000 to 20,000 cubic meters)
7.4. Small-Scale Tankers (Less than 5,000 cubic meters)

8. LPG Tanker Market, by End-Use Industries

8.1. Introduction
8.2. Commercial Distribution
8.3. Industrial Applications
8.4. Residential

9. Americas LPG Tanker Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific LPG Tanker Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa LPG Tanker Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Al Seer Marine buys two LPG tankers for USD 67 million
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. Delivery of the LPG-powered "AXIS RIVER" LPG/NH3 Carrier
- 12.3.3. Investment & Funding
  - 12.3.3.1. Flogas invests EUR 4 million in LPG Tanker Fleet
- 12.3.4. Award, Recognition, & Expansion
  - 12.3.4.1. Kumiai Navigation to retrofit LPG tanker with Alfa Laval OceanGlide fluidic air lubrication system

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Air and Gas Holdings Pty Ltd.
- 13.1.2. Bosco India
- 13.1.3. BW Group
- 13.1.4. DAE Sun Shipbuilding and Engineering Co. Ltd.
- 13.1.5. Dorian LPG Ltd.
- 13.1.6. DSME
- 13.1.7. Exmar NV
- 13.1.8. GLOBE GAS EQUIPMENTS INDUSTRY PVT. LTD.
- 13.1.9. Hanjin Heavy Industries Ltd.
- 13.1.10. Hanwha Ocean Co., Ltd.
- 13.1.11. HD Hyundai Co. Ltd.
- 13.1.12. K Shipbuilding Co., Ltd.
- 13.1.13. Kawasaki Heavy Industries Ltd.
- 13.1.14. Krison Engineering Works
- 13.1.15. Kuwait Oil Tanker Company
- 13.1.16. MEYER TURKU OY
- 13.1.17. Mitsubishi Heavy Industries Ltd.
- 13.1.18. Mitsui OSK Lines, Ltd.
- 13.1.19. Nakilat
- 13.1.20. Namura Shipbuilding Co., Ltd.
- 13.1.21. Petredec Pte Limited
- 13.1.22. PT Pertamina
- 13.1.23. Solvang ASA
- 13.1.24. StealthGas, Inc.
- 13.1.25. STX Corporation by Afc Mercury Co., Ltd
- 13.1.26. The Great Eastern Shipping Co. Ltd.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing