This report provides exclusive insights into the COVID-19 impact on the LNG Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the LNG Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of LNG Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the LNG
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional LNG market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional LNG market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global LNG market. According to the
report, the global LNG market is projected to grow at a CAGR of 6.00% over the
forecast period of 2019-2025.
The global LNG market was accounted for 327.73 Million Tons in
2018 and is expected to reach 533.09 million tons by the end of 2025. Rising
natural gas demand from downstream sectors, speedy development in the pipeline
infrastructures, favorable government policies, and reduced prices are major
driving factors for the industry growth. The growing focus of development and
support infrastructure in the developed emerging, as well as economies, is
estimated to enhance the LNG growth in the near future. However, less
infrastructure for the pipeline in the remote areas is anticipated to hinder
the market growth.
The LNG market is driven by development in the unconventional gas
sources, supply fluctuation of crude oil, and advancement in offshore gas
discoveries & offshore liquefaction technology. Moreover, the growing
demand for LNG and the development of liquefaction plants are contributing to
global LNG market growth. The surge in shale gas exploration has reduced the
dependence on the imports of natural gas and increase LNG exports. This, in
turn, is accelerating the global LNG market. However, the high cost of
equipment is anticipated to hinder the LNG market growth. Nonetheless,
supportive policy from various countries government for LNG market development
as it is clean energy source is anticipated to create a new opportunity for
global LNG market in upcoming years.
On the basis of region, the global nickel market is bifurcated
into North America, Europe, Asia-Pacific, the Middle East, and Africa, and
Latin America. The Asia-Pacific accounted for the largest market share global
nickel market in 2018 in terms of revenue and volume. The Asia-Pacific is
expected to be the dominating region within the projected period. On an account
of the establishment of production facilities, and growing economy. India and
China and are the largest market at the present and is estimated to be followed
by Japan, South Korea in the near future. The LNG market is driven by
increasing customer demands for various functionality and speedy price
The report on global LNG market covers segments such as type, and
application. On the basis of type, the sub-markets include regasification terminal,
and liquefaction terminal. On the basis of application, the sub-markets include
residential, marine, industrial, transportation, utilities, commercial, and
The report provides profiles of the companies in the market such
as Royal Dutch Shell Plc., Qatargas Operating Company, BP Plc., BG Group Plc.,
ExxonMobil Corporation, Chevron, TOTAL S.A., Petronas, Anadarko, and NIOC.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of LNG market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.