LPG Tanker Market by Product Type, Distribution Channel, End User 2023-2028
                     Global LPG Tanker 
Market Research and 
Forecast Report 2023-
2028
Format: PDF+EXCEL
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A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " L P G  T a n k e r  M a r k e t :  G l o b a l  I n d u s t r y  
T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 3 - 2 0 2 8 , "  t h e  g l o b a l  L P G  t a n k e r  
m a r k e t  i s  e x p e c t e d  t o  e x h i b i t  a  g r o w t h  r a t e  ( C A G R )  o f  5 %  d u r i n g  2 0 2 3 - 2 0 2 8 .
A  l i q u e f i e d  p e t r o l e u m  g a s  ( L P G )  t a n k e r  i s  a  v e s s e l  s p e c i a l l y  d e s i g n e d  t o  e n a b l e  t h e  b u l k  
Report t r a n s p o r t a t i o n  o f  p e t r o l e u m  g a s e s .  I t  c o n t a i n s  n u m e r o u s  s e p a r a t e  r e s e r v o i r s  s t a c k e d  i n  c a r g o  h o l d s .  S o m e  s t a n d a r d  p r o d u c t  v a r i a n t s  i n c l u d e  s m a l l - p r e s s u r i z e d ,  i n s u l a t e d ,  r e f r i g e r a t e d  
s e a g o i n g ,  a n d  s e m i - p r e s s u r i z e d  t a n k s .  T h e s e  t a n k e r s  a r e  u s u a l l y  m a d e  f r o m  c a r b o n  s t e e l ,  a n d  
Highlight and t h e  w a l l  t h i c k n e s s  i s  b a s e d  o n  i n d u s t r i a l  r e q u i r e m e n t s .  T h e y  c a n  b e  f u r t h e r  s e g r e g a t e d  i n t o  s i n g l e -  o r  d o u b l e - h u l l  t a n k e r s ,  d e p e n d i n g  o n  s a f e t y  p r e c o n d i t i o n s .  
L P G  t a n k e r s  a r e  c l e a n e r ,  e a s i e r  t o  m a i n t a i n ,  p r o v i d e  h i g h e r  e f f i c i e n c y ,  a n d  a v o i d  t e c h n i c a l  
Description d i f f i c u l t i e s  d u r i n g  t r a n s p o r t a t i o n ;  t h u s ,  t h e y  a r e  u s e d  t o  c a r r y  a n d  m o v e  a m m o n i a ,  p r o p y l e n e ,  a n d  v i n y l  c h l o r i d e .  A p a r t  f r o m  t h i s ,  L P G  t a n k e r s  a r e  w i d e l y  e m p l o y e d  i n  s e v e r a l  s e c t o r s ,  s u c h  
a s  o i l  a n d  g a s ,  p e t r o c h e m i c a l ,  a u t o m o t i v e ,  a n d  r e f i n e r y .  C u r r e n t l y ,  t h e y  a r e  a v a i l a b l e  i n  v e r y  
l a r g e ,  m e d i u m ,  a n d  s m a l l  s i z e s  t h a t  c a n  b e  p o w e r e d  b y  a  c o n t r o l l a b l e - p i t c h  p r o p e l l e r  o r  a  
g e a r e d  d i e s e l  s y s t e m .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / l p g - t a n k e r - m a r k e t / r e q u e s t s a m p l e
Report Description
Gl o b a l  L P G  T a n ke r  M a rk e t  T re n d s :
T he  c o n s i d e r a b l e  g r ow t h  i n  L P G ga s  t r ad i n g  a c t i v i t i e s  d u e  t o  t he  r i s i n g  p r o d uc t  d e ma n d  i n  t h e  p e t r o c h em i c a l  s e c t o r  
re p r e se n t s  a  p r i m e  f a c to r  d r i v i n g  t h e  m a r k e t  g r o w t h .  Mo r e o v e r ,  t he  sh i f t i n g  f o c u s  t o w a r d  o i l  &  g as  p ro d u c t i o n  f r o m  s h a l e  r o c k  
ow i n g  to  vo l a t i l e  c r u d e  o i l  p r i c e s  a n d  t h e  u p t a k e  o f  h yd r a u l i c  f r ac t u r i ng  a n d  h o r i z on t a l  d r i l l i n g  p ro c e s se s  i s  f a v o r i n g  t h e  
ma r k e t  g ro w t h .  T h i s ,  i n  t u r n ,  h as  f o s t e r e d  t h e  t r ad e  o f  L P G ,  th u s  f a c i l i t a t i n g  t h e  d e ma n d  f o r  e f f e c t i v e  b u l k  l i q u i d  ha n d l i n g  
sy s t e ms  a c r o s s  th e  g l o b e .  A d d i t i o n a l l y ,  L P G  i s  c l e an ,  c o s t - e f f i c i e n t ,  p o r ta b l e ,  c o n ve n i e n t ,  an d  n o n - t ox i c ,  o n  a c co u n t  o f  w h i c h  
i t  i s  f r eq u e n t l y  u s e d  a s  a n  a l t e r na t i v e  t o  c o a l  a n d  w o o d .  
F u r t h e r m o r e ,  t h e  i n c re a s i n g  a do p t i o n  o f  L P G  f o r  h e a t i n g ,  ve n t i l a t i on ,  a n d  a i r  c o nd i t i o n i n g  ( H V A C )  a n d  c o o k i n g  a p p l i c a t i o n s  
an d  as  a  f e e d s t o c k  fo r  p r o d uc i n g  fe r t i l i z e r s  a nd  p e t ro c h e m i c a l s  i s  p r o p e l l i n g  th e  ma r k e t  g r o w t h .  I n  l i ne  w i th  t h i s ,  s i g n i f i c a n t  
t ec h n o l o g i c a l  ad v a n ce m e n t s  i n  L P G  t a n ke r s ,  i n c l u d i n g  t h e  a d ve n t  o f  s e m i -m e mb r a n e  t an k s  a n d  t h e i r  l a r g e - s ca l e  i n t e g r a t i o n  
w i th  b ow  w av e  r e s i s ta n c e  s y s t em s  o n  th e  ta n k e r ' s  h u l l ,  a r e  s u p p o r t i n g  t h e  m a rk e t  g r ow t h .  A p a r t  f r o m  t h i s ,  s t r i n ge n t  
re g u l a t i o n s  a n d  g u i de l i n e s  re g a r d i ng  e m i s s i o n s  a r e  p us h i n g  ma n u f ac t u r e r s  t o  i n t ro d u c e  e n g i n es  w i t h  h i g h e r  e f f i c i e nc y ,  
em p l o y  c l ea n e r  f ue l s ,  a nd  u n d e r t ak e  e x t en s i v e  i n f r a s t r uc t u r a l  d e v e l op m e n t s ,  w h i c h  i s  p os i t i v e l y  i n f l u e nc i n g  t h e  m a rk e t  
g r o w t h .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / l p g - t a n k er - m ar k e t
Breakup by Vessel Size:
• Very Large Gas Carr ier
• Large Gas Carr ier
• Medium Gas Carr iers
• Small  Gas Carr ier
Report 
Breakup by Refrigeration and 
Segmentation Pressurization:
• Ful ly Pressurized
• Semi-pressurized
• Ful ly Refr igerated
• Extra Refr igerated (Ethylene Gas Carr iers)
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
Report • Middle East and Afr ica
Segmentation
• BW Group
• Dorian LPG Ltd.
• EXMAR
• Hyundai  Heavy Industr ies Co. Ltd.
Competitive • Kawasaki  Heavy Industr ies Ltd.
•
Landscape Kuwait  Oi l  Tanker Company S.A.K
• Mitsubishi Heavy Industr ies Ltd
with Key • StealthGas Inc.
Players • STX Corporat ion (Afc Mercury Co. Ltd)
• The Great  Eastern Shipping Co.  Ltd.
What is the expected growth rate of the global LPG 
tanker market during 2023-2028?
What are the key factors driving the global LPG 
tanker market?
Key What has been the impact of COVID-19 on the 
global LPG tanker market?
Questions 
Answered in What is the breakup of the global LPG tanker market based on the vessel size?
the Report What is the breakup of the global LPG tanker 
market based on the refrigeration and 
pressurization?
What are the key regions in the global LPG tanker 
market?
Who are the key players/companies in the global 
LPG tanker market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  L P G  T a n k e r  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  V e s s e l  S i z e
    6 . 1     V e r y  L a r g e  G a s  C a r r i e r
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     L a r g e  G a s  C a r r i e r
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     M e d i u m  G a s  C a r r i e r s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
       
    6 . 4     S m a l l  G a s  C a r r i e r
        6 . 4 . 1  M a r k e t  T r e n d s
        6 . 4 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  R e f r i g e r a t i o n  a n d  P r e s s u r i z a t i o n
    7 . 1     F u l l y  P r e s s u r i z e d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     S e m i - p r e s s u r i z e d
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     F u l l y  R e f r i g e r a t e d
        7 . 3 . 1  M a r k e t  T r e n d s
Table of         7 . 3 . 2  M a r k e t  F o r e c a s t    7 . 4     E x t r a  R e f r i g e r a t e d  ( E t h y l e n e  G a s  C a r r i e r s )
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
Contents 8    M a r k e t  B r e a k u p  b y  R e g i o n    8 . 1     N o r t h  A m e r i c a
        8 . 1 . 1  U n i t e d  S t a t e s
           8 . 1 . 1 . 1  M a r k e t  T r e n d s
           8 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 1 . 2  C a n a d a
           8 . 1 . 2 . 1  M a r k e t  T r e n d s
           8 . 1 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 2     A s i a - P a c i f i c
        8 . 2 . 1  C h i n a
           8 . 2 . 1 . 1  M a r k e t  T r e n d s
           8 . 2 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 2 . 2  J a p a n
           8 . 2 . 2 . 1  M a r k e t  T r e n d s
           8 . 2 . 2 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / lp g - t a n ke r- m a r ke t / t o c
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