LPG Tanker Market

Global LPG Tanker Market Size, Trends & Analysis - Forecasts to 2029 By Vessel Size (Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), Medium Gas Carriers (MGC), and Small Gas Carriers (SGC)), By Refrigeration & Pressurization (Ethylene, Full Refrigerated, Semi Refrigerated, and Full Pressurized), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Energy & Power
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This report was recently updated on May 19 2024 with the latest and most recent market numbers

Global LPG Tanker Market Size

The global LPG tanker market is projected to grow at a CAGR of 6.2% from 2024 to 2029.

The increasing demand for LPG due to its use as a clean, efficient energy source in the residential, commercial, and industrial sectors is expected to fuel market growth. Its numerous uses in heating, cooking, transportation, and industrial processes make it indispensable. Additionally, LPG is an essential feedstock in a variety of industries. This multifunctional utility is driving its global acceptance, demanding efficient transportation options like LPG tankers to satisfy rising demand.

As LPG production in countries such as the Middle East and North America grows, so do exports. This upswing creates a demand for LPG tankers to transport the product to various global locations. As these regions become major players in the LPG industry, efficient transportation infrastructure is required to ease the flow of LPG to fulfill international demand. This emphasizes the importance of LPG tankers in allowing the global trade of liquefied petroleum gas.

Governments and companies are shifting to cleaner fuels with a rising emphasis on reducing carbon emissions. LPG develops as a viable alternative due to its cleaner combustion than coal and oil. This transformation increases demand for LPG tankers as the market accepts LPG as a cleaner energy source. The ecologically conscious shift is consistent with worldwide efforts to minimize greenhouse gas emissions, making LPG transportation essential to achieving energy sector sustainability targets.

However, fluctuations in LPG pricing, which are frequently impacted by crude oil prices, can have an impact on LPG transportation profitability and new tanker fleet investments.

global lpg tanker market

Global LPG Tanker Market: By Vessel Size

The very large gas carriers (VLGC) segment is expected to hold the largest share of the market over the forecast period. The segment's growth is due to its high cargo capacity, which maximizes efficiency in transporting large volumes of LPG. Additionally, economies of scale associated with VLGCs result in lower transportation costs per cargo unit. Moreover, the increasing demand for long-haul transportation of LPG from production hubs to consumption centers favors the use of VLGCs.

The large gas carriers (LGC) segment is expected to be the fastest-growing segment in the market from 2024 to 2029. The growth is due to rising demand for mid-sized vessels capable of operating both regional and long-haul routes efficiently. Their ability to accommodate varied port infrastructures and serve particular markets makes them appealing. Furthermore, their lower capital and operating expenses compared to VLGCs make them an attractive option for market players.

Global LPG Tanker Market: By Refrigeration & Pressurization

The semi refrigerated segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The segment's growth is due to its capacity to carry LPG at moderate temperatures and pressures, making it appropriate for various LPG compositions. This section provides a cost-effective option for transporting LPG with varied properties, meeting changing market demands.

The full refrigerated segment is expected to hold the largest share of the market. The segment's growth is due to its capacity to transport both fully refrigerated and semi-refrigerated cargoes, providing versatility to meet various customer needs. This sector allows the safe and effective transportation of LPG with varying temperature requirements, such as propane, butane, and their mixes.

global lpg tanker market

Global LPG Tanker Market: By Region

North America is expected to be the largest region in the global market. The primary reasons boosting the market growth in this region include strong production and export operations in the United States and Canada. The region's rising shale gas extraction contributes to an increasing supply of LPG, driving greater demand for tanker transportation. Furthermore, the growing use of LPG as a greener energy source in various industries drives market growth in North America.

Asia Pacific is predicted to witness rapid growth during the forecast period. This growth can be attributed to the rising urbanization, industrialization, and population growth, which drive demand for LPG in numerous residential, commercial, and industrial sectors. Furthermore, government measures supporting greener energy sources and infrastructure development projects drive up demand for LPG tankers in the region.

Global LPG Tanker Market Share and Competitor Analysis

BW Group, Dorian LPG Ltd., EXMAR, Hyundai Heavy Industries Co., Ltd, Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd., Namura Shipbuilding Co., Ltd., PT Pertamina (Persero), StealthGas Inc., and The Great Eastern Shipping Co. Ltd., among others, are some of the key players operating in the global LPG tanker market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global LPG Tanker Market: Recent Developments

In October 2023, Kawasaki Heavy Industries (KHI), a Japan-based shipbuilder, delivered a new type of vessel called an LPG/ammonia carrier to Eneos Ocean Corporation, a Japanese company. KHI intends to continue developing and providing environmentally friendly ship technologies, focusing not only on LPG carriers but also on other merchant vessels that are compliant with the latest environmental regulations. This includes exploring the use of liquefied hydrogen as a fuel source, which is gaining popularity as a next-generation energy source due to its minimal environmental impact.

 

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL LPG TANKER MARKET, BY VESSEL SIZE

4.1   Introduction

4.2   LPG Tanker Market: Vessel Size Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Very Large Gas Carriers (VLGC)

4.4.1        Very Large Gas Carriers (VLGC) Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Large Gas Carriers (LGC)

4.5.1        Large Gas Carriers (LGC) Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Medium Gas Carriers (MGC)

4.6.1        Medium Gas Carriers (MGC) Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Small Gas Carriers (SGC)

4.7.1        Small Gas Carriers (SGC) Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL LPG TANKER MARKET, BY REFRIGERATION & PRESSURIZATION

5.1   Introduction

5.2   LPG Tanker Market: Refrigeration & Pressurization Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Ethylene

5.4.1        Ethylene Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Full Refrigerated

5.5.1        Full Refrigerated Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Semi Refrigerated

5.6.1        Semi Refrigerated Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Full Pressurized

5.7.1        Full Pressurized Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL LPG TANKER MARKET, BY REGION

6.1   Introduction

6.2   North America LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Vessel Size

6.2.2        By Refrigeration & Pressurization

6.2.3        By Country

6.2.3.1     U.S. LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Vessel Size

6.2.3.1.2        By Refrigeration & Pressurization

6.2.3.2     Canada LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Vessel Size

6.2.3.2.2        By Refrigeration & Pressurization

6.2.3.3     Mexico LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Vessel Size

6.2.3.3.2        By Refrigeration & Pressurization

6.3   Europe LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Vessel Size

6.3.2        By Refrigeration & Pressurization

6.3.3        By Country

6.3.3.1     Germany LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Vessel Size

6.3.3.1.2        By Refrigeration & Pressurization

6.3.3.2     U.K. LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Vessel Size

6.3.3.2.2        By Refrigeration & Pressurization

6.3.3.3     France LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Vessel Size

6.3.3.3.2        By Refrigeration & Pressurization

6.3.3.4     Italy LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Vessel Size

6.3.3.4.2        By Refrigeration & Pressurization

6.3.3.5     Spain LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Vessel Size

6.3.3.5.2        By Refrigeration & Pressurization

6.3.3.6     Netherlands LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vessel Size

6.3.3.6.2        By Refrigeration & Pressurization

6.3.3.7     Rest of Europe LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vessel Size

6.3.3.6.2        By Refrigeration & Pressurization

6.4   Asia Pacific LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Vessel Size

6.4.2        By Refrigeration & Pressurization

6.4.3        By Country

6.4.3.1     China LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Vessel Size

6.4.3.1.2        By Refrigeration & Pressurization

6.4.3.2     Japan LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Vessel Size

6.4.3.2.2        By Refrigeration & Pressurization

6.4.3.3     India LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Vessel Size

6.4.3.3.2        By Refrigeration & Pressurization

6.4.3.4     South Korea LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Vessel Size

6.4.3.4.2        By Refrigeration & Pressurization

6.4.3.5     Singapore LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Vessel Size

6.4.3.5.2        By Refrigeration & Pressurization

6.4.3.6     Malaysia LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vessel Size

6.4.3.6.2        By Refrigeration & Pressurization

6.4.3.7     Thailand LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vessel Size

6.4.3.6.2        By Refrigeration & Pressurization

6.4.3.8     Indonesia LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Vessel Size

6.4.3.7.2        By Refrigeration & Pressurization

6.4.3.9     Vietnam LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Vessel Size

6.4.3.8.2        By Refrigeration & Pressurization

6.4.3.10  Taiwan LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Vessel Size

6.4.3.10.2 By Refrigeration & Pressurization

6.4.3.11  Rest of Asia Pacific LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Vessel Size

6.4.3.11.2 By Refrigeration & Pressurization

6.5   Middle East and Africa LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Vessel Size

6.5.2        By Refrigeration & Pressurization

6.5.3        By Country

6.5.3.1     Saudi Arabia LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Vessel Size

6.5.3.1.2        By Refrigeration & Pressurization

6.5.3.2     U.A.E. LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Vessel Size

6.5.3.2.2        By Refrigeration & Pressurization

6.5.3.3     Israel LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Vessel Size

6.5.3.3.2        By Refrigeration & Pressurization

6.5.3.4     South Africa LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Vessel Size

6.5.3.4.2        By Refrigeration & Pressurization

6.5.3.5     Rest of Middle East and Africa LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Vessel Size

6.5.3.5.2        By Refrigeration & Pressurization

6.6   Central and South America LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Vessel Size

6.6.2        By Refrigeration & Pressurization

6.6.3        By Country

6.6.3.1     Brazil LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Vessel Size

6.6.3.1.2        By Refrigeration & Pressurization

6.6.3.2     Argentina LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Vessel Size

6.6.3.2.2        By Refrigeration & Pressurization

6.6.3.3     Chile LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vessel Size

6.6.3.3.2        By Refrigeration & Pressurization

6.6.3.3     Rest of Central and South America LPG Tanker Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vessel Size

6.6.3.3.2        By Refrigeration & Pressurization

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        BW Group

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Dorian LPG Ltd.

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Hyundai Heavy Industries Co., Ltd

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Kawasaki Heavy Industries, Ltd

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Mitsubishi Heavy Industries, Ltd.

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        EXMAR

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Namura Shipbuilding Co., Ltd.  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        PT Pertamina (Persero)x

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        StealthGas Inc.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      The Great Eastern Shipping Co. Ltd.

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

2 Very Large Gas Carriers (VLGC) Market, By Region, 2021-2029 (USD Mllion)          

3 Large Gas Carriers (LGC) Market, By Region, 2021-2029 (USD Mllion)       

4 Small Gas Carriers (SGC) Market, By Region, 2021-2029 (USD Mllion)      

5 Medium Gas Carriers (MGC) Market, By Region, 2021-2029 (USD Mllion)  

6 Global LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)             

7 Ethylene Market, By Region, 2021-2029 (USD Mllion)           

8 Full Refrigerated Market, By Region, 2021-2029 (USD Mllion)

9 Semi Refrigerated Market, By Region, 2021-2029 (USD Mllion)

10 Full Pressurized Market, By Region, 2021-2029 (USD Mllion)

11 Regional Analysis, 2021-2029 (USD Mllion)

12 North America LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

13 North America LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

14 North America LPG Tanker Market, By COUNTRY, 2021-2029 (USD Mllion)

15 U.S. LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

16 U.S. LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

17 Canada LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)            

18 Canada LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)             

19 Mexico LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

20 Mexico LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)              

21 Europe LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)            

22 Europe LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)             

23 Europe LPG Tanker Market, By Country, 2021-2029 (USD Mllion)  

24 Germany LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)        

25 Germany LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)         

26 U.K. LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

27 U.K. LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

28 France LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

29 France LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)             

30 Italy LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

31 Italy LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

32 Spain LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

33 Spain LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion) 

34 Netherlands LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

35 Netherlands LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

36 Rest Of Europe LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

37 Rest Of Europe LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

38 Asia Pacific LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

39 Asia Pacific LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

40 Asia Pacific LPG Tanker Market, By Country, 2021-2029 (USD Mllion)

41 China LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

42 China LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion) 

43 Japan LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

44 Japan LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion) 

45 India LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

46 India LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)  

47 South Korea LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

48 South Korea LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

49 Singapore LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

50 Singapore LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

51 Thailand LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)         

52 Thailand LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)          

53 Malaysia LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)        

54 Malaysia LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)         

55 Indonesia LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

56 Indonesia LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

57 Vietnam LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)           

58 Vietnam LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)            

59 Taiwan LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)             

60 Taiwan LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)              

61 Rest of APAC LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

62 Rest of APAC LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion) 

63 Middle East and Africa LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

64 Middle East and Africa LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)      

65 Middle East and Africa LPG Tanker Market, By Country, 2021-2029 (USD Mllion)               

66 Saudi Arabia LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

67 Saudi Arabia LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

68 UAE LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

69 UAE LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

70 Israel LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

71 Israel LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

72 South Africa LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

73 South Africa LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

74 Rest Of Middle East and Africa LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)       

75 Rest Of Middle East and Africa LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)           

76 Central and  South America LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)              

77 Central and South America LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)      

78 Central and South America LPG Tanker Market, By Country, 2021-2029 (USD Mllion)

79 Brazil LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

80 Brazil LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

81 Chile LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

82 Chile LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)  

83 Argentina LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)

84 Argentina LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

85 Rest Of Central and South America LPG Tanker Market, By Vessel Size, 2021-2029 (USD Mllion)       

86 Rest Of Central and South America LPG Tanker Market, By Refrigeration & Pressurization, 2021-2029 (USD Mllion)

87 BW Group: Products & Services Offering   

88 Dorian LPG Ltd.: Products & Services Offering       

89 Hyundai Heavy Industries Co., Ltd: Products & Services Offering              

90 Kawasaki Heavy Industries, Ltd: Products & Services Offering   

91 Mitsubishi Heavy Industries, Ltd.: Products & Services Offering

92 EXMAR: Products & Services Offering           

93 Namura Shipbuilding Co., Ltd. : Products & Services Offering     

94 PT Pertamina (Persero)x: Products & Services Offering   

95 StealthGas Inc., Inc: Products & Services Offering             

96 The Great Eastern Shipping Co. Ltd.: Products & Services Offering          

97 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global LPG Tanker Market Overview

2 Global LPG Tanker Market Value From 2021-2029 (USD Mllion)

3 Global LPG Tanker Market Share, By Vessel Size (2023)

4 Global LPG Tanker Market Share, By Refrigeration & Pressurization (2023)

5 Global LPG Tanker Market, By Region (Asia Pacific Market)

6 Technological Trends In Global LPG Tanker Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global LPG Tanker Market

10 Impact Of Challenges On The Global LPG Tanker Market

11 Porter’s Five Forces Analysis

12 Global LPG Tanker Market: By Vessel Size Scope Key Takeaways

13 Global LPG Tanker Market, By Vessel Size Segment: Revenue Growth Analysis

14 Very Large Gas Carriers (VLGC) Market, By Region, 2021-2029 (USD Mllion)

15 Large Gas Carriers (LGC) Market, By Region, 2021-2029 (USD Mllion)

16 Small Gas Carriers (SGC)Market, By Region, 2021-2029 (USD Mllion)

17 Medium Gas Carriers (MGC) Market, By Region, 2021-2029 (USD Mllion)

18 Global LPG Tanker Market: By Refrigeration & Pressurization Scope Key Takeaways

19 Global LPG Tanker Market, By Refrigeration & Pressurization Segment: Revenue Growth Analysis

20 Ethylene Market, By Region, 2021-2029 (USD Mllion)

21 Full Refrigerated Market, By Region, 2021-2029 (USD Mllion)

22 Semi Refrigerated Market, By Region, 2021-2029 (USD Mllion)

23 Full Pressurized Market, By Region, 2021-2029 (USD Mllion)

24 Regional Segment: Revenue Growth Analysis

25 Global LPG Tanker Market: Regional Analysis

26 North America LPG Tanker Market Overview

27 North America LPG Tanker Market, By Vessel Size

28 North America LPG Tanker Market, By Refrigeration & Pressurization

29 North America LPG Tanker Market, By Country

30 U.S. LPG Tanker Market, By Vessel Size

31 U.S. LPG Tanker Market, By Refrigeration & Pressurization

32 Canada LPG Tanker Market, By Vessel Size

33 Canada LPG Tanker Market, By Refrigeration & Pressurization

34 Mexico LPG Tanker Market, By Vessel Size

35 Mexico LPG Tanker Market, By Refrigeration & Pressurization

36 Four Quadrant Positioning Matrix

37 Company Market Share Analysis

38 BW Group: Company Snapshot

39 BW Group: SWOT Analysis

40 BW Group: Geographic Presence

41 Dorian LPG Ltd.: Company Snapshot

42 Dorian LPG Ltd.: SWOT Analysis

43 Dorian LPG Ltd.: Geographic Presence

44 Hyundai Heavy Industries Co., Ltd: Company Snapshot

45 Hyundai Heavy Industries Co., Ltd: SWOT Analysis

46 Hyundai Heavy Industries Co., Ltd: Geographic Presence

47 Kawasaki Heavy Industries, Ltd: Company Snapshot

48 Kawasaki Heavy Industries, Ltd: Swot Analysis

49 Kawasaki Heavy Industries, Ltd: Geographic Presence

50 Mitsubishi Heavy Industries, Ltd.: Company Snapshot

51 Mitsubishi Heavy Industries, Ltd.: SWOT Analysis

52 Mitsubishi Heavy Industries, Ltd.: Geographic Presence

53 EXMAR: Company Snapshot

54 EXMAR: SWOT Analysis

55 EXMAR: Geographic Presence

56 Namura Shipbuilding Co., Ltd. : Company Snapshot

57 Namura Shipbuilding Co., Ltd. : SWOT Analysis

58 Namura Shipbuilding Co., Ltd. : Geographic Presence

59 PT Pertamina (Persero)x: Company Snapshot

60 PT Pertamina (Persero)x: SWOT Analysis

61 PT Pertamina (Persero)x: Geographic Presence

62 StealthGas Inc., Inc.: Company Snapshot

63 StealthGas Inc., Inc.: SWOT Analysis

64 StealthGas Inc., Inc.: Geographic Presence

65 The Great Eastern Shipping Co. Ltd.: Company Snapshot

66 The Great Eastern Shipping Co. Ltd.: SWOT Analysis

67 The Great Eastern Shipping Co. Ltd.: Geographic Presence

68 Other Companies: Company Snapshot

69 Other Companies: SWOT Analysis

70 Other Companies: Geographic Presence

The Global LPG Tanker Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

LPG Tanker Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the LPG Tanker Market.

LPG Tanker Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

LPG Tanker Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

LPG Tanker Market Share

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Frequently Asked Questions

The global LPG tanker market is projected to grow at a CAGR of 6.2% from 2024 to 2029.
BW Group, Dorian LPG Ltd., EXMAR, Hyundai Heavy Industries Co., Ltd, Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd., Namura Shipbuilding Co., Ltd., PT Pertamina (Persero), StealthGas Inc., and The Great Eastern Shipping Co. Ltd., among others, are some of the key players operating in the global LPG tanker market.
The global LPG tanker market presents opportunities driven by increasing demand for liquefied petroleum gas (LPG) as a clean energy source, particularly in emerging economies. Factors such as growing industrialization, urbanization, and the shift towards cleaner fuels offer prospects for fleet expansion, technological advancements, and strategic partnerships in logistics and distribution.
The increasing demand for liquefied petroleum gas (LPG) as a clean fuel source, expansion of LPG infrastructure, growing petrochemical industry, rising energy consumption, and the shift towards LPG as a substitute for traditional fuels due to its environmental advantages are the major drivers for global LPG tanker market growth.

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