DUBLIN, October 9, 2017 /PRNewswire/ --
The "Liquefied Natural Gas (LNG) Market Analysis by Application (Transportation Fuel, Power Generation, Mining & Industrial), by Region and Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global liquid natural gas (LNG) market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%
Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry.
Decreasing LNG prices along with execution of favorable government rules and regulations, which are attracting FDIs & tax schemes are also conducive to industry growth. Cumulative emphasis of adequate support infrastructure in numerous economies is anticipated to enhance product demand in the construction sector, since the product is used in building equipment.
On the contrary, insufficient channel infrastructure is supplementing demand for small scale projects to source natural gas for key consumers in remote areas, specifically in the power generation and industrial manufacturing verticals. Rapid urbanization, industrialization and increasing projects supporting power, gas & petrochemical distribution are projected to positively provide stimulus to the industry.
Power generation accounted for 46% of the volume share in 2016, and is anticipated to grow at over 6.9% CAGR from 2017 to 2025. Power generation plants are gradually shifting from naphtha-based feedstock towards LNG in order to provide cost-competitiveness and enhanced delivery times while also receiving support in the form of favorable regulations encouraging these trends.
Further key findings from the report suggest:
- The global LNG market demand exceeded 265 million tons in 2016 and is expected to grow at a CAGR of 6.5% from 2017 to 2025
- Transportation is emerged as the largest application in 2016 and is estimated to generate revenue over USD 3.6m billion by 2025 owing to widespread adoption of sustainable resources in place of conventional fuels
- Prices in North America are expected to be dependent upon the Henry Hub model, while demand in South Africa is likely to continue being unpredictable on account of civil unrest and fluctuating supply dynamics
- Europe is likely to witness moderate progress with rising competition from Russia and Norwegian piped natural gas (PNG). Africa is expected to remain a rapidly developed market with new production strategies in the Cameroon and development anticipated in Mozambique.
- Asia Pacific consumption patterns are projected to remain exponentially high over the next decade owing to various developments across emerging economies, especially in the power generation and transportation market. The region is expected to grow at a CAGR of 6.5% from 2016 to 2025
- Key players including Chevron, Exxon Mobil, PetroChina, Total SA, Stat oil, Eni S.p.A., BP plc, Royal Dutch Shell, Conoco Philips and CPCC dominated the sector accounting for over 60% of the total volume in 2016
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 LNG Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 LNG market - value chain analysis
3.3.1 LNG Road Map analysis
3.4 Regulatory Scenario
3.5 Infrastructure Analysis
3.5.1 Key Trends and Latest Developments
3.5.2 Liquefaction & Regasification Capacity by Region
3.5.3 Project Capex
3.5.4 Inventory Management Model
3.5.5 Upcoming Plants
3.6 LNG Receiving Terminals
3.7 Polyurethane market dynamics
3.7.1 Market driver analysis
3.7.1.1 Evolving LNG Supply/Demand
3.7.1.2 Liquified Natural Gas Demand will be fueled by the rise in demand for natural gas in emerging economies of Asia
3.7.2 Market restraint analysis
3.7.2.1 High Capital Intensive LNG systems and Supply Infrastructure
3.8 LNG Pricing and Forecast
3.9 Alternative Fuels /LNG case Scenario
3.10 Industry analysis - Porter's
3.11 Polyurethane market - PESTLE analysis
Chapter 4 LNG Market: Application Estimates & Trend Analysis
4.1 Application Market Introduction, 2015 & 2025
4.2 Power Generation
4.3 Transportation
4.4 Mining & Industrial
Chapter 5 LNG Market: Regional Estimates & Trend Analysis
Chapter 6 Company Profiles
- Chevron Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell
- Total SA
- British Petroleum
- Petro China
- STAT OIL
- China Petroleum & Chemical Corporation
- Gazprom
- Canadian Natural
- Conoco Philips
- Eni SpA
For more information about this report visit https://www.researchandmarkets.com/research/td59b8/liquefied_natural
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