According to the research report titled ‘Global LNG Carrier Containment Market Analysis By Carrier Type, By Propulsion Type, By Capacity, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region By Country, available with Market Study Report, global LNG carrier containment market is expected to witness substantial growth during 2019-2024.
 

Factors like amplifying manufacturing sector, growing consumer demand, technological innovations and improving economy is driving the growth of global LNG carrier market. Further, rapid price reductions and customer preference for enhanced functionality will create lucrative growth opportunities for the market outlook.
 

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With regards to the carrier type, global LNG carrier containment market is divided into membrane and moss. Based on propulsion type, the industry is classified into SSD, steam, steam reheat, DFDE, ME-GI, TFDE, XDF, and others. As per the capacity, the market is segmented into >180,000 cm, 150,000-180,000 cm, 125,000-149,999 cm and 30,000-124,999 cm.
 

From regional point of view, the industry is bifurcated into Europe, Asia Pacific, Americas, and rest of the world. According to the report, Asia Pacific LNG carrier containment industry is estimated to grow with a CAGR of 2.3% during 20119-2024. Favorable government regulations for the use of cleaner fuel along with establishment of manufacturing plants in the region are impelling the market growth. Notably, South Korea and China are the key revenues contributors in APAC market share presently.
 

Key players operating in global LNG carrier containment market are BW Gas, Gaztransport & Technigaz (GTT), Nakilat, Dynagas LNG Partners LP, Mitsui O.S.K Lines (MOL), NYK Line, GasLog Ltd., Teekay LNG Partners L.P., MISC Berhad, and Golar LNG.