Global LPG Tanker Market 2019-2023: The Market will Witness an Incremental Growth Close to USD 7 Billion – ResearchAndMarkets.com

The "Global LPG Tanker Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The LPG tanker market will witness an incremental growth close to USD 7 billion during 2019-2023.

The increase in adoption of alternative, clean and low- carbon energy sources for power generation, the margins of oil and gas companies have reduced. The changing energy mix, evolving market conditions, and technological integration have compelled conventional energy companies to shift their focus, to their operational tactics and restructuring their business lines in oil and gas. Such activities indicate that the oil and gas market in transitioning toward business expansion through joint ventures and mergers.

This is leading to market consolidation, which is enabling the oil and gas market to expand its reach a compete with other energy sources such as renewables, these mergers will also result in higher price power in a situation where freight rates are highly volatile. Therefore, this is expected to have a positive impact on the growth on the global LPG tankers market.

Market Overview

Rise in demand for natural gas

The demand for natural gas is driven by various industries, including fertilizers and petrochemical. The demand for LPG is expected to rise because of its increasing adoption and a feedstock in petrochemical plants.

Fluctuations in oil and gas prices

The volatility of commodity prices, such as oil, severely impacts oil and gas industry. Oil and gas are mainly traded in the international market because of an imbalance in the global demand and supply of oil and gas. Therefore, fluctuating in the crude oil and gas import prices affects the profitability of companies involved in the trade.

Competitive Landscape

The LPG tanker market is concentrated with a few international companies. The market is currently in its growth phase and expected to continue being concentrated by 2023. The oil and gas market are expanding its reach to other energy sources such as renewables. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Market Landscape

Part 04: Market Sizing

Part 05: Five Forces Analysis

Part 06: Market Segmentation By Technology

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

• DSME
• Hyundai Heavy Industries
• Kawasaki Heavy Industries
• Mitsubishi Heavy Industries
• Nakilat
• Teekay LNG Partners

For more information about this report visit https://www.researchandmarkets.com/research/9z7z7c/global_lpg_tanker?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005627/en/