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Liquefied Natural Gas Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis | Expected to grow at a CAGR of 5.7% and is anticipated to reach around USD 470 million by 2025
The global LNG market in 2020 was approximately USD 345 million. The market is expected to grow at a CAGR of 5.7% and is anticipated to reach around USD 470 million by 2025. Rising emphasis on the expansion of sufficient support for infrastructure among the developing as well as developed countries is projected to propel the liquefied natural gas (LNG) demand over the forecast period.
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Rising industrialization and urbanization, coupled with an increasing number of power-related projects, such as petrochemicals and city gas distribution (CGD), are anticipated to subsidize expressively towards the market growth in the coming years. However, the lack of pipeline infrastructure in remote areas will hamper the market.
The market for LNG is intensely competitive and is highly fragmented. The vendors in the LNG market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are BG Group plc, Apache Corporation, Cheniere Energy, ConocoPhillips, Dominion Resources, Kinder Morgan, Qatar Petroleum, Sempra Energy, Veresen Inc., Woodside Petroleum, China National Petroleum, Sinopec Group, CNOOC and Others.
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LNG Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
By Materials Type
Methane
Ethane
Propane
Others
By User Types
Industrial LNG
LNG for Car
Household LNG
LNG Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
BG Group plc
Apache Corporation
Cheniere Energy
ConocoPhillips
Dominion Resources
Kinder Morgan
Qatar Petroleum
Sempra Energy
Veresen Inc.
Woodside Petroleum
China National Petroleum
Sinopec Group
CNOOC
LNG Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Power Generation
Industrial Fuel
Household Fuel
Automotive Fuel
Chemical Industry
LNG Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Report Highlights
Global Liquefied Natural Gas Market sizes from 2017 to 2024
Market growth projections through 2024 and the resultant market forecast for 2024
Impact of the market dynamics including market drivers, restraints and opportunities in the market size
Key industry trends, product trends, and application trends
Major driving/ leading segmentations, regions and countries in the Global Liquefied Natural Gas Market
Competitive analysis with comprehensive company profiles of the leading industry players
In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
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