Global LPG Tanker Market to Reach US$ 275.13 Million by 2029
Market Overview:

The global Liquefied Petroleum Gas (LPG) Tanker market is expected to reach US$ 275.13 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. This growth is driven by the increasing demand for LPG in various sectors, including petrochemicals, heating, and cooking.

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Report Scope:

This report provides a comprehensive analysis of the global LPG Tanker market, covering historical data from 2018 to 2022, and forecast data from 2023 to 2029. The report segments the market by vessel size, refrigeration & pressurization, and region. It also identifies key players and analyzes their competitive landscape.

Research Methodology:

The report utilizes a combination of primary and secondary research methodologies. Primary research includes interviews with industry experts and market participants. Secondary research includes analyzing data from various sources, including government reports, industry publications, and company filings.

Segmentation:

By Vessel Size: Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), Medium Gas Carriers (MGC), Small Gas Carriers (SGC)
By Refrigeration & Pressurization: Ethylene, Full Refrigerated, Semi Refrigerated, Full Pressurized
By Region: North America, Europe, Asia Pacific, Middle East & Africa, South America
Regional Insights:

Europe is expected to hold the largest market share due to increasing LPG demand driven by government initiatives and limited domestic production.
North America is expected to witness significant growth due to rising LPG exports and its use as a cooking and heating fuel.
Asia Pacific is expected to show promising growth due to increasing LPG consumption in the region's developing economies.
LPG Tanker Market Key Players

1.StealthGas Inc.
2.Dorian LPG Ltd.
3.BW Group
4.Hyundai Heavy Industries Co. Ltd.
5.Kawasaki Heavy Industries Ltd.
6.DSME
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.
12.EXMAR
13.STX Corporation
14.PT Pertamina
15.Epic Gas Ltd.
16.Meyer Turku
17.Hanjin Heavy Industries Ltd.
18.Hijos de J. Barreras

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