Report Details

According to the report published by the Market Research Store, global demand for the liquified natural gas market was estimated at approximately USD 137.8 Billion in 2020 and is expected to generate revenue of around USD 179.2 Billion by the end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.

Global Liquified Natural Gas Market: Overview

Liquified natural gas (LNG) is a type of natural gas that is being cooled into a liquid form for ease and protection of transportation. This natural gas is further cooled to approximately -260 F, making a clear, colorless, and non-toxic liquid that be able to be transported from areas with a huge supply of natural gas to areas that require more natural gas. Seeing that the world energy consumption is increasing, the experts predicted that the liquified natural gas trade will develop significantly. The two main procedures for the liquefying of natural gas in large quantities are carried out by the cascade process and the Linde method. The regenerative cooling, where it is compressed, cooled, and then expanded; until it is finally cooled into a liquid, is referred to as the Linde Method. The cooling of one by another gas that results in a cascading effect is referred to as the cascade process. In addition, the liquefied natural gas is known mostly as a transport tool; however, it is starting to get ordinary adoption.

REPORT SNAPSHOT & REPORTING DATA TIMEFRAME
Parameter Details
Historical Date ( Actual Data) 2016 - 2020
Base Year Data 2020
Current Year Data 2021
Projected Data 2021 - 2026
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered product type, application, region
Regional scope North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country Scope U.S.; Canada; Mexico; Germany; France; U.K.; China; Japan; South Korea; Singapore; Malaysia; Brazil; Saudi Arabia
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options

Global Liquified Natural Gas Market: Growth Factors

Demand for liquified natural gas is increasing as the globe is turning to cleaner sources of energy. As it is an alternative source of fuel for automotive vehicles and other utilizes, quite than just a means of transport. Moreover, the quick growth in pipeline infrastructures with encouraging government regulations, increasing requirement for natural gas from downstream industries, and instability in oil costs are various significant factors propelling the growth of liquefied natural gas (LNG) market. Also, the rising focus on the development of sufficient support for infrastructure is anticipated to boost the demand for liquefied natural gas (LNG) in the forthcoming years in developing as well as developed countries.

On the other hand, the insufficient pipeline infrastructure in remote areas may hamper the growth of the market. However, the developing urbanization and industrialization, the expansion of power-related projects like city gas distribution (CGD), and petrochemicals are probably to support financially the market development during the forecast period.

Global Liquified Natural Gas Market: Segmentation

The global liquified natural gas market based on the application is segmented into transportation fuel, power generation, and others.

Global Liquified Natural Gas Market: Regional Analysis

The Asia-Pacific is contributed the largest market revenue and will maintain its growth in the future. Globally, Australia is one of the largest exporters of liquefied natural gas, followed by Qatar. The U.S. is also likely to surpass them in the forthcoming years. Mostly, the largest requirement for liquified natural gas comes from China.

The U.S. was the third-largest exporter of liquified natural gas and is projected to develop into one of the largest exporters by the next few years, beating Qatar and Australia. Moreover, the potential demand expansion will be appearing from Asia-Pacific countries because they are looking toward liquified natural gas as a substitution for coal-like energy sources. In 2020, the largest importers of U.S. liquified natural gas were Japan, China, and South Korea. India is likely to contribute the largest growth in the Asia-Pacific in the future.

Global Liquified Natural Gas Market: Competitive Players

Major players operating in the global liquified natural gas market include ConocoPhillips Company,  MaChevron Corporation, Petronet LNG Limited, Exxon Mobil Corporation, China National Petroleum Corporation, Snam SPA, Petroliam Nasional Berhad (PETRONAS), PetroChina Company Limited, BP, Royal Dutch Shell, Equinor ASA, China Petroleum & Chemical Corporation, Gazprom, and Eni SpA.

For example, Equinor ASA is primarily a petroleum company, operating in 36 countries, with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. In 2021, Equinor acquired a contract to provide offshore wind power to the city of New York in partnership with BP. The contract with New York State was reportedly the largest offshore wind deal offered by an American state to date.

Global Liquified Natural Gas Market: By Application

  • Transportation Fuel
  • Power Generation
  • Others

Global Liquified Natural Gas Market: Regional Segmentation Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia

    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

 

Frequently Asked Questions

What are the key factors driving global liquified natural gas market expansion?

The quick growth in pipeline infrastructures with encouraging government regulations, increasing requirement for natural gas from downstream industries, and instability in oil costs are various significant factors propelling the growth of liquefied natural gas (LNG) market.

What will be the value of the liquified natural gas market during 2021- 2026?

The global demand for the liquified natural gas market was estimated at approximately USD 137.8 Billion in 2020 and is expected to generate revenue of around USD 179.2 Billion by the end of 2026, growing at a CAGR of around 4.8% between 2021 and 2026.

Which region will make notable contributions towards global liquified natural gas market revenue?

The Asia-Pacific is contributed the largest market revenue and will maintain its growth in the future. Globally, Australia is one of the largest exporters of liquefied natural gas, followed by Qatar.

What are the key players leveraging liquified natural gas market growth?

Major players operating in the global liquified natural gas market include ConocoPhillips Company,  MaChevron Corporation, Petronet LNG Limited, Exxon Mobil Corporation, China National Petroleum Corporation, Snam SPA, Petroliam Nasional Berhad (PETRONAS), PetroChina Company Limited, BP, Royal Dutch Shell, Equinor ASA, China Petroleum & Chemical Corporation, Gazprom, and Eni SpA.

Table Of Content

  • Chapter 1 Executive Summary
    • 1.1. Introduction of Liquified Natural Gas
    • 1.2. Global Liquified Natural GasMarket, 2020 & 2026 (USD Million)
    • 1.3. Global Liquified Natural Gas Market, 2016 – 2026(USD Million)
    • 1.4. Global Liquified Natural Gas MarketAbsulute Revenue Opportunity, 2016 – 2026(USD Million)
    • 1.5. Global Liquified Natural Gas MarketIncremental Revenue Opportunity, 2020 – 2026(USD Million)
  • Chapter 2 Liquified Natural GasMarket – Application Analysis
    • 2.1. Global Liquified Natural Gas Market – Application Overview
    • 2.2. Global Liquified Natural Gas Market Share, by Application, 2020 & 2026(USD Million)
    • 2.3. Transportation Fuel
      • 2.3.1. Global Transportation Fuel Liquified Natural Gas Market, 2016 – 2026(USD Million)
    • 2.4. Power Generation
      • 2.4.1. Global Power Generation Liquified Natural Gas Market, 2016 – 2026(USD Million)
    • 2.5. Others
      • 2.5.1. Global Others Liquified Natural Gas Market, 2016 – 2026(USD Million)
  • Chapter 3 Liquified Natural GasMarket – Regional Analysis
    • 3.1. Global Liquified Natural Gas Market Regional Overview
    • 3.2. Global Liquified Natural Gas Market Share, by Region, 2020 & 2026(USD Million)
    • 3.3. North America
      • 3.3.1. North America Liquified Natural Gas Market, 2016 – 2026(USD Million)
        • 3.3.1.1. North America Liquified Natural Gas Market, by Country, 2016 - 2026(USD Million)
      • 3.3.2. North America Liquified Natural Gas Market, by Application, 2016 – 2026
        • 3.3.2.1. North America Liquified Natural Gas Market, by Application, 2016 – 2026(USD Million)
      • 3.3.3. U.S.
        • 3.3.3.1. U.S.Liquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.3.4. Canada
        • 3.3.4.1. CanadaLiquified Natural GasMarket, 2016 – 2026(USD Million)
    • 3.4. Europe
      • 3.4.1. Europe Liquified Natural Gas Market, 2016 – 2026(USD Million)
        • 3.4.1.1. Europe Liquified Natural Gas Market, by Country, 2016 - 2026(USD Million)
      • 3.4.2. Europe Liquified Natural Gas Market, by Application, 2016 – 2026
        • 3.4.2.1. Europe Liquified Natural Gas Market, by Application, 2016 – 2026(USD Million)
      • 3.4.3. Germany
        • 3.4.3.1. GermanyLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.4.4. France
        • 3.4.4.1. FranceLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.4.5. U.K.
        • 3.4.5.1. U.K.Liquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.4.6. Italy
        • 3.4.6.1. ItalyLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.4.7. Spain
        • 3.4.7.1. SpainLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.4.8. Rest of Europe
        • 3.4.8.1. Rest of EuropeLiquified Natural GasMarket, 2016 – 2026(USD Million)
    • 3.5. Asia Pacific
      • 3.5.1. Asia Pacific Liquified Natural Gas Market, 2016 – 2026(USD Million)
        • 3.5.1.1. Asia Pacific Liquified Natural Gas Market, by Country, 2016 - 2026(USD Million)
      • 3.5.2. Asia Pacific Liquified Natural Gas Market, by Application, 2016 – 2026
        • 3.5.2.1. Asia Pacific Liquified Natural Gas Market, by Application, 2016 – 2026(USD Million)
      • 3.5.3. China
        • 3.5.3.1. ChinaLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.5.4. Japan
        • 3.5.4.1. JapanLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.5.5. India
        • 3.5.5.1. IndiaLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.5.6. South Korea
        • 3.5.6.1. South KoreaLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.5.7. South-East Asia
        • 3.5.7.1. South-East AsiaLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.5.8. Rest of Asia Pacific
        • 3.5.8.1. Rest of Asia PacificLiquified Natural GasMarket, 2016 – 2026(USD Million)
    • 3.6. Latin America
      • 3.6.1. Latin America Liquified Natural Gas Market, 2016 – 2026(USD Million)
        • 3.6.1.1. Latin America Liquified Natural Gas Market, by Country, 2016 - 2026(USD Million)
      • 3.6.2. Latin America Liquified Natural Gas Market, by Application, 2016 – 2026
        • 3.6.2.1. Latin America Liquified Natural Gas Market, by Application, 2016 – 2026(USD Million)
      • 3.6.3. Brazil
        • 3.6.3.1. BrazilLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.6.4. Mexico
        • 3.6.4.1. MexicoLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.6.5. Rest of Latin America
        • 3.6.5.1. Rest of Latin AmericaLiquified Natural GasMarket, 2016 – 2026(USD Million)
    • 3.7. The Middle-East and Africa
      • 3.7.1. The Middle-East and Africa Liquified Natural Gas Market, 2016 – 2026(USD Million)
        • 3.7.1.1. The Middle-East and Africa Liquified Natural Gas Market, by Country, 2016 - 2026(USD Million)
      • 3.7.2. The Middle-East and Africa Liquified Natural Gas Market, by Application, 2016 – 2026
        • 3.7.2.1. The Middle-East and Africa Liquified Natural Gas Market, by Application, 2016 – 2026(USD Million)
      • 3.7.3. GCC Countries
        • 3.7.3.1. GCC CountriesLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.7.4. South Africa
        • 3.7.4.1. South AfricaLiquified Natural GasMarket, 2016 – 2026(USD Million)
      • 3.7.5. Rest of Middle-East Africa
        • 3.7.5.1. Rest of Middle-East AfricaLiquified Natural GasMarket, 2016 – 2026(USD Million)
  • Chapter 4 Liquified Natural GasMarket – Competitive Landscape
    • 4.1. Competitor Market Share – Revenue
    • 4.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    • 4.3. Strategic Developments
      • 4.3.1. Acquisitions and Mergers
      • 4.3.2. New Products
      • 4.3.3. Research & Development Activities
  • Chapter 5 Company Profiles
    • 5.1. ConocoPhillips Company
      • 5.1.1. Company Overview
      • 5.1.2. Product/ServicePortfulio
      • 5.1.3. ConocoPhillips Company Sales, Revenue, and Gross Margin
      • 5.1.4. ConocoPhillips Company Revenue and Growth Rate
      • 5.1.5. ConocoPhillips Company Market Share
      • 5.1.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.2. MaChevron Corporation
      • 5.2.1. Company Overview
      • 5.2.2. Product/ServicePortfulio
      • 5.2.3. MaChevron Corporation Sales, Revenue, and Gross Margin
      • 5.2.4. MaChevron Corporation Revenue and Growth Rate
      • 5.2.5. MaChevron Corporation Market Share
      • 5.2.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.3. Petronet LNG Limited
      • 5.3.1. Company Overview
      • 5.3.2. Product/ServicePortfulio
      • 5.3.3. Petronet LNG Limited Sales, Revenue, and Gross Margin
      • 5.3.4. Petronet LNG Limited Revenue and Growth Rate
      • 5.3.5. Petronet LNG Limited Market Share
      • 5.3.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.4. Exxon Mobil Corporation
      • 5.4.1. Company Overview
      • 5.4.2. Product/ServicePortfulio
      • 5.4.3. Exxon Mobil Corporation Sales, Revenue, and Gross Margin
      • 5.4.4. Exxon Mobil Corporation Revenue and Growth Rate
      • 5.4.5. Exxon Mobil Corporation Market Share
      • 5.4.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.5. China National Petruleum Corporation
      • 5.5.1. Company Overview
      • 5.5.2. Product/ServicePortfulio
      • 5.5.3. China National Petruleum Corporation Sales, Revenue, and Gross Margin
      • 5.5.4. China National Petruleum Corporation Revenue and Growth Rate
      • 5.5.5. China National Petruleum Corporation Market Share
      • 5.5.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.6. Snam SPA
      • 5.6.1. Company Overview
      • 5.6.2. Product/ServicePortfulio
      • 5.6.3. Snam SPA Sales, Revenue, and Gross Margin
      • 5.6.4. Snam SPA Revenue and Growth Rate
      • 5.6.5. Snam SPA Market Share
      • 5.6.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.7. Petruliam Nasional Berhad (PETRONAS)
      • 5.7.1. Company Overview
      • 5.7.2. Product/ServicePortfulio
      • 5.7.3. Petruliam Nasional Berhad (PETRONAS) Sales, Revenue, and Gross Margin
      • 5.7.4. Petruliam Nasional Berhad (PETRONAS) Revenue and Growth Rate
      • 5.7.5. Petruliam Nasional Berhad (PETRONAS) Market Share
      • 5.7.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.8. PetroChina Company Limited
      • 5.8.1. Company Overview
      • 5.8.2. Product/ServicePortfulio
      • 5.8.3. PetroChina Company Limited Sales, Revenue, and Gross Margin
      • 5.8.4. PetroChina Company Limited Revenue and Growth Rate
      • 5.8.5. PetroChina Company Limited Market Share
      • 5.8.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.9. BP
      • 5.9.1. Company Overview
      • 5.9.2. Product/ServicePortfulio
      • 5.9.3. BP Sales, Revenue, and Gross Margin
      • 5.9.4. BP Revenue and Growth Rate
      • 5.9.5. BP Market Share
      • 5.9.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.10. Royal Dutch Shell
      • 5.10.1. Company Overview
      • 5.10.2. Product/ServicePortfulio
      • 5.10.3. Royal Dutch Shell Sales, Revenue, and Gross Margin
      • 5.10.4. Royal Dutch Shell Revenue and Growth Rate
      • 5.10.5. Royal Dutch Shell Market Share
      • 5.10.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.11. Equinor ASA
      • 5.11.1. Company Overview
      • 5.11.2. Product/ServicePortfulio
      • 5.11.3. Equinor ASA Sales, Revenue, and Gross Margin
      • 5.11.4. Equinor ASA Revenue and Growth Rate
      • 5.11.5. Equinor ASA Market Share
      • 5.11.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.12. China Petruleum & Chemical Corporation
      • 5.12.1. Company Overview
      • 5.12.2. Product/ServicePortfulio
      • 5.12.3. China Petruleum & Chemical Corporation Sales, Revenue, and Gross Margin
      • 5.12.4. China Petruleum & Chemical Corporation Revenue and Growth Rate
      • 5.12.5. China Petruleum & Chemical Corporation Market Share
      • 5.12.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.13. Gazprom
      • 5.13.1. Company Overview
      • 5.13.2. Product/ServicePortfulio
      • 5.13.3. Gazprom Sales, Revenue, and Gross Margin
      • 5.13.4. Gazprom Revenue and Growth Rate
      • 5.13.5. Gazprom Market Share
      • 5.13.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
    • 5.14. Eni SpA
      • 5.14.1. Company Overview
      • 5.14.2. Product/ServicePortfulio
      • 5.14.3. Eni SpA Sales, Revenue, and Gross Margin
      • 5.14.4. Eni SpA Revenue and Growth Rate
      • 5.14.5. Eni SpA Market Share
      • 5.14.6. Recent Initiatives, Funding/VC Activities, and Technulogical Innovations
  • Chapter 6 Liquified Natural Gas — Industry Analysis
    • 6.1. Introduction and Taxonomy
    • 6.2. Liquified Natural Gas Market – Key Trends
      • 6.2.1. Market Drivers
      • 6.2.2. Market Restraints
      • 6.2.3. Market Opportunities
    • 6.3. Value Chain Analysis
    • 6.4. Key Mandates and Regulations
    • 6.5. Technulogy Roadmap and Timeline
    • 6.6. Liquified Natural GasMarket – Attractiveness Analysis
      • 6.6.1. By Application
      • 6.6.2. By Region
  • Chapter 7 Industrial Chain, Sourcing Strategy, and Downstream Buyers
    • 7.1. Liquified Natural Gas Industrial Chain Analysis
    • 7.2. Downstream Buyers
    • 7.3. Distributors/Traders List
  • Chapter 8 Marketing Strategy Analysis
    • 8.1. Marketing Channel
    • 8.2. Direct Marketing
    • 8.3. Indirect Marketing
    • 8.4. Marketing Channel Development Trends
    • 8.5. Economic/Pulitical Environmental Change
  • Chapter 9 Report Conclusion& Key Insights
    • 9.1. Key Insights from Primary Interviews & Surveys Respondents
    • 9.2. Key Takeaways from Analysts, Consultants, and Industry Leaders
  • Chapter 10 Research Approach & Methodulogy
    • 10.1. Report Description
    • 10.2. Research Scope
    • 10.3. Research Methodulogy
      • 10.3.1. Secondary Research
      • 10.3.2. Primary Research
      • 10.3.3. Statistical Models
        • 10.3.3.1. Company Share Analysis Model
        • 10.3.3.2. Revenue Based Modeling
      • 10.3.4. Research Limitations

Inquiry For Buying

Liquified Natural Gas

Please fill out the form. We will contact you within 24 hours:
All fields required...

Request Sample

Liquified Natural Gas

Please fill out the form. We will contact you within 24 hours:
All fields required...

×

Avail PDF Sample Report

Thank you for contacting us.

Thank you for your interest in our research report.

We will be sending you the sample copy of the report shortly. Meanwhile, if you have any specific research requirement then please let us know. We will be glad to assist you in case you have any additional questions, so feel free to get in touch

Thank you


Warm regards,
Sales | Manager - International Business and partner Relations
Direct line: +1 347 535 0815
Market Research Store
E-mail: sales@MarketResearchStore.com | Web: www.MarketResearchStore.com