Research and Markets has announced the addition of the "Global Liquefied Natural Gas (LNG) Market Size, Trends Forecasts (2017-2021)" report to their offering.
Global Liquefied Natural Gas (LNG) Market Size, Trends Forecasts (2017-2021) provides a detailed analysis of the global LNG market with an analysis of market size and growth. The analysis includes market size in terms of trade volume, demand, and LNG export and import market share by country.
The global LNG trade volume has increased over the years, and projections are made that the market would rise in the next five years, i.e. 2017 to 2021, at a rapid pace. Major factors contributing in the increasing trade volume of LNG are the startup of several new projects in Australia and Indonesia, rapid economic growth, especially of emerging economies, and rising demand for environmentally cleaner fuels, etc.
In the forecasted period, the market would be pushed by an increase in LNG exports, lower shipping costs, technological advancements and access to new markets, etc. In spite of high growth in trade volumes of LNG, the market is still facing some challenges that are obstructing the growth of the global LNG market. Challenges faced by the LNG industry are supply and demand imbalance, lower LNG prices, competition from fossil fuels and renewable energy, and emergence of regional trade.
A brief company profiling of major market players, namely Royal Dutch Shell, ExxonMobil, BP Global and Chevron Corporation, has been provided in the report on the basis of aspects like business overview, financial overview and business strategies adopted by respective companies.
Market Dynamics
Growth Drivers
- Growing Volume of Liquefaction Capacity
- Strong Economic Growth in Asia
- Rising Demand for Environmentally Cleaner Fuels
- Global Economic Growth and Increasing Energy Demand
- Rising Use in Major Industrial Sectors
Challenges
- Supply and Demand Imbalance
- Low LNG Prices
- Emergence of Regional Trade
- Competition from Fossil and Renewable Energy
- Financial Constraints in Projects
- Impact of Government Actions
- Development of Downstream Markets
Market Trends
- Increase in LNG Exports
- Lower Shipping Cost
- Access to New Markets
- Technological Advancements
Company Coverage
- ExxonMobil Corporation
- Royal Dutch Shell
- BP Global
- Chevron Corporation
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Region/Country Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiling
For more information about this report visit http://www.researchandmarkets.com/research/s9wds5/global_liquefied.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170427006925/en/
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Related Topics: LNG (Liquefied Natural Gas)
