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LPG Tanker Market Size Is Projected To Reach US $295.5 Million By 2027

The global LPG tanker market size is estimated to be valued USD 295.5 million by 2027, according to a new report by Million Insights. The market is projected to grow at 6.0% CAGR over the forecast duration.

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LPG Tanker Market Size Is Projected To Reach US $295.5 Million By 2027

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  1. LPG Tanker Market Size Is Projected To Reach US $295.5 Million By 2027 “The global LPG tanker market size is estimated to be valued USD 295.5 million by 2027. The market is projected to grow at 6.0% CAGR over the forecast duration. Supportive initiatives by governments to replace the coal as a fuel owing to increasing concern pertaining to greenhouse gas emission are anticipated to drive the market growth over the forecast years.” The global LPG tanker market size is estimated to be valued USD 295.5 million by 2027. The market is projected to grow at 6.0% CAGR over the forecast duration. Supportive initiatives by governments to replace the coal as a fuel owing to increasing concern pertaining to greenhouse gas emission are anticipated to drive the market growth over the forecast years. Other factors such as increasing shale gas production and rising trade of LPG owing to its increasing use as a cooking gas are supplementing the growth of the LPG tankers. Volatility in crude oil prices and the advent of new technology in the production of LPG is further estimated to proliferate the market growth. Europe was the leading shareholders followed by the Asia Pacific in 2019. Further, Asia Pacific is projected to register the significant growth over the forecast duration owing to the increasing demand for LPG as cooking gas in emerging countries such as India, Bangladesh, Pakistan and China. The LPG tankermarket key participants are STX Corporation, Kuwait Oil Tanker Company, EXMAR, Epic Gas Ltd, DSME, BW Group, StealthGas Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Dorian LPG Ltd. and others. Further key findings from the report suggest: • In 2019, the market was worth USD 185.1 million and anticipated to register 6.0% growth over the forecast years. • The large gas carriers held the maximum share in the market in 2019. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-lpg-tanker-market/request-sample

  2. • Europe accounted for the highest share in the market followed by Asia Pacific. • North America is estimated to register considerable growth over the forecast duration. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-lpg-tanker-market Million Insights has segmented the global liquefied petroleum gas (LPG) tanker market based on vessel, refrigeration & pressurization and region: LPG Tanker Vessel Outlook (Revenue, USD Million, 2016 - 2027) • Very Large Gas Carrier (VLGC) • Large Gas Carrier (LGC) • Medium Gas Carriers (MGC) • Small Gas Carrier (SGC) LPG Tanker Refrigeration & Pressurization Outlook (Revenue, USD Million, 2016 - 2027) • Ethylene • Full Refrigerated • Semi Refrigerated • Full Pressurized LPG Tanker Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • The U.S. • Canada

  3. • Mexico • Europe • Germany • The U.K. • Spain • Italy • France • Russia • Asia Pacific • China • India • Japan • Australia • South Korea • Central and South America • Brazil • Middle East & Africa • Saudi Arabia • South Africa List of Key Players of LPG Tanker Market • StealthGas Inc. • Dorian LPG Ltd. • BW Group • Hyundai Heavy Industries Co., Ltd. • Kawasaki Heavy Industries, Ltd. • DSME • MITSUBISHI HEAVY INDUSTRIES, LTD. • The Great Eastern Shipping Co. Ltd. • Kuwait Oil Tanker Company • DAE Sun Shipbuilding and Engineering Co. Ltd. • Namura Shipbuilding Co., Ltd. • EXMAR • STX Corporation • PT Pertamina (Persero) • Epic Gas Ltd.

  4. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/utilities Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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