The global LNG carriers market is anticipated to grow at a CAGR of 4.74% during the period 2019 – 2023.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the increase in demand for cleaner fuels. The demand for natural gas is expected to increase during the forecast period due to the demand for clean fuels, therefore, have a positive in the growth.
According to the report, one of the major drivers for this market is the increase in demand for natural gas. The demand for end- user such as power sector, fertilizers sector and feedstocks will drive the demand for the market.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuation in oil and gas prices. The frequent fluctuation in the prices of crude oil affect the production and use of natural gas, which will pose challenge to the growth of the market.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20112018/global-lng-carriers-market-outlook-to-2023/