LNG Carrier Market Analysis

Containment Type (Membrane, Moss)

The membrane segment is predicted to garner a 60% revenue share of the overall LNG carrier market by the year 2037. The growth is backed by the growing development of membrane technology with impermeable layers. The advancing use of cutting-edge technologies for manufacturing membrane tanks that allow flexible assembly enhances the cargo storage space and minimizes the overall vessel manufacturing and operating costs.

Application (Domestic Transportation, International Transportation)

The international segment is foreseen to hold a substantial growth rate of the overall market as a result of the radically increasing energy demand and the rising emphasis on cleaner power generation throughout. Moreover, the greater emphasis of the shipbuilding industry on meeting the emerging needs of liquefied natural gas in the global markets is resulting in a rise in the number of LNG fleets.

Our in-depth analysis of the global market includes the following segments: