Global LPG Tanker Market Feeding Off Increased Shale Gas Production, reports TMR
A new market research report by Transparency Market Research, titled “LPG Tanker Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” states that the production of shale gas is at an all-time high in some parts of the world and this factor will act as a high-impact driver for the market for LPG tanker in the near future. The report evaluates the top trends in the current global market for LPG tanker and presents a region-wise outlook. It also segments the market in terms of type of tankers, by capacity and by size.
According to the TMR report, apart from increased shale gas production, the two major trends accelerating the LPG tanker market are: An upswing in international gas trade and the continued usage of LPG as a cooking gas. Several LPG carrier and tanker companies have already noted these three strong factors and are planning to expand their capacities, if they haven’t done so already. This report closely analyzes how the rapid expansion of the gas energy market will affect the dynamics of the global LPG tanker market.
The report points out that the volatility in crude oil prices has prompted industry players to explore extraction of shale gas and oil. This has been possible on a significant scale because of the technological improvements in fracking practices. Falling oil prices have also resulted in a decreased transportation cost which in turn is increasing the amount of shale gas moving from the U.S. to countries in the Asia Pacific and North Africa. Conversely, the erratic behavior of crude oil prices has also strengthened LPG prices and hence diluted the demand to some degree.
On the basis of type, the report divides the LPG tanker market as: fully pressurized, fully refrigerated, and semi-pressurized. Carriers of ethylene are explored as a separate segment because these tankers require extra refrigeration. By capacity, LPG carriers can range from 500 cubic meters to over 10,000 cubic meters. By size, the types of tankers available in the market are small, medium, large, and very large.
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This TMR research report has been compiled through primary research that included interviews, surveys and observations of seasoned analysts and secondary research where reputed paid sources, trade journals and industry body databases were taken into consideration. The report aims to be a source of reliable data on the global LPG market. It presents invaluable figures such as market size, supply and demand as well as value chain and stakeholders analysis.
The regional analysis provided in this report covers all verticals such as: North America (U.S. and Canada), Latin America (Mexico, Brazil, Peru, Chile, and others), Western Europe (U.K., Germany, France, Belgium, Italy, Luxembourg, Netherlands, and Nordic countries), Eastern Europe (Poland and Russia), Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand), and Middle East and Africa (GCC, Southern Africa, and Northern Africa).
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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