Global LNG Bunkering Market Report 2024

LNG Bunkering Global Market Report 2024 – By Type (Ship To Ship, Terminal To Ship, Truck To Ship), By End-User (Defense Vessels, Yachts, Cruise Ships, Ferries and OSVs, Bulk And General Cargo Fleets, Other End-Users) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

LNG Bunkering Market Definition And Segments

LNG bunkering refers to the activity of supplying a ship with liquefied natural gas fuel for its consumption. The primary benefit of using LNG as a fuel is the significant pollution reduction caused by the more traditional methods of fueling ships, such as heavy fuel oil, marine gas oil (MGO), and marine diesel fuel (MDO).

The main types of LNG bunkering are ship-to-ship, terminal-to-ship, and truck-to-ship. Ship to ship refers to the transfer of crude oil, petroleum products, liquid bulk chemicals, and liquefied gas between sea-going tankers. Depending on the port restrictions, ships can carry out their operations while bunkering. They are used by various end-users such as defense vessels, yachts, cruise ships, ferries and OSVs, bulk and general cargo fleets, and other end-users.

The LNG bunkering market covered in this report is segmented –

1) By Type: Ship To Ship, Terminal To Ship, Truck To Ship

2) By End-User: Defense Vessels, Yachts, Cruise Ships, Ferries and OSVs, Bulk And General Cargo Fleets, Other End-Users

The LNG bunkering market size has grown exponentially in recent years. It will grow from $1.05 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 50.5%. The growth in the historic period can be attributed to an increase in gas exploration, an increase in maritime trade activities, strong economic growth in emerging markets, and growing imports and exports.

The LNG bunkering market size is expected to see exponential growth in the next few years. It will grow to $7.49 billion in 2028 at a compound annual growth rate (CAGR) of 47.6%. The growth in the forecast period can be attributed to an increasing number of vessels and ships, an increase in demand for LNG fuel, and the increasing marine decarbonization needs. Major trends in the forecast period include the development of ship-to-containership liquefied natural gas (LNG) bunkering operations, strategic partnerships, technology advancements, product innovations, LNG bunkering of pure car and truck carriers (PCTCs), the development or use of environment-friendly LNG bunkering vessels, and a focus on artificial intelligence-based LNG bunkering.

Rising Vessel Numbers Fueling Growth In LNG Bunkering Market

The increasing number of vessels and ships is expected to boost the growth of the LNG bunkering market going forward. A vessel is defined as anything that can float and be guided or propelled, either by itself or by external means. LNG bunkering vessels are used for ship-to-ship bunkering, contributing to the growing use of LNG as a maritime fuel. For instance, in February 2023, as per the report published by BIMCO (Baltic and International Maritime Council), a Denmark-based non-government organization, following a 4.0% increase in 2022, the container fleet is expected to increase by 6.3% in 2023 and 8.1% in 2024. Supply is predicted to increase by 11.3% in 2023 and 3.1% in 2024 as changes in congestion and sailing speed affect fleet productivity. Therefore, the increasing number of vessels and ships will drive the growth of the LNG bunkering market in the future.

Surging Demand For LNG Fuel Propels Growth In LNG Bunkering Market

The increase in demand for LNG fuel is expected to boost the growth of the LNG bunkering market going forward. Liquified natural gas (LNG) is natural gas that has been cooled to a liquid state for the convenience of transportation. LNG bunkering is the technique of supplying a ship with liquefied natural gas fuel for its consumption. LNG offers major benefits such as sustainability and cost benefits. For example, in March 2023, as per the report published by the United States Energy Information Administration, a US federal statistical government agency, US liquefied natural gas exports averaged 12.1 billion cubic feet per day (Bcf/d), a 14% (1.5 Bcf/d) increase over last year. LNG exports from the United States will increase due to increasing worldwide demand as LNG continues to displace pipeline natural gas supplies from Russia to Europe. Therefore, the increase in demand for LNG fuel will drive the growth of the LNG bunkering market in the future.

Major companies operating in the LNG bunkering market report are LyondellBasell Industries NV, Mitsubishi Chemical Group Corporation, BASF SE, Eastman Chemical Company, Ashland, Inc., World Fuel Services, Crowley Maritime Corporation, SHV Energy, Engie SA, Gaz-System, PetroChina, ENN Energy Holdings Limited, Sinopec, Guanghui Energy Company Limited, Woodside Energy, Santos Ltd., Nauticor GmbH & Co. KG, Engas, Edison S.p.A, LNG Croatio LLC, Klaipedos Nafta AB, Blue Grid Gas & Power, Polskie LNG S.A, Eagle LNG Partners, Pivotal LNG Inc., FortisBC, NorthStar Holdco Energy LLC, Conrad Shipyards LLC, TOTO Maritime, Petrobras, Golar Power, YPF, Qatar Petroleum, ADNOC LNG, RasGas Company Limited, The Spanish Egyptian Gas Company, Damietta LNG Co, Petroliam Nasional Berhad, Sonatrach

CMA CGM And TotalEnergies Pioneer Ship-To-Containership LNG Bunkering In Marseilles

Innovation is a key trend gaining popularity in the LNG bunkering market. Major market players are focusing on launching innovative operations to sustain their position in the LNG bunkering market such as ship-to-containership liquefied natural gas (LNG) bunkering. For instance, in January 2022, CMA CGM, a France-based shipping, and logistics firm, and TotalEnergies, a France-based integrated energy, and petroleum company launched Marseilles’ first ship-to-containership liquefied natural gas (LNG) bunkering operation. CMA CGM BALI, a 15, 000 TEU LNG-powered containership on the MEX 1 service connecting Asia and South Europe, was refueled with around 6, 000m3 of LNG by TotalEnergies' Gas Vitality, the first LNG bunker vessel based in France, via a ship-to-ship transfer alongside the Eurofos container terminal, while the containership carried out cargo operations simultaneously.

Strategic Partnerships Fuel Advancements In LNG Bunkering Market

Strategic partnerships between companies are on the rise, especially in low- and middle-income countries. These partnerships seek to improve LNG fuel systems and enhance access to LNG bunkering to enable the reduction of greenhouse gas emissions. Major companies in the LNG bunkering market are focusing on strategic partnerships to strengthen their capabilities in the market. For example, in June 2022, CMA CGM Group, a France-based shipping and logistics company, and Shell PLC, a UK-based oil and gas company, agreed to accelerate decarbonizing the marine sector. These agreements include a multi-year liquefied natural gas (LNG) supply agreement for the supply of LNG in the Port of Singapore to CMA CGM’s 13,000 twenty-foot equivalent unit (TEU) vessels, starting in the second half of 2023. The two companies have signed a memorandum of understanding (MoU) encompassing the advancement of low-carbon marine fuels, such as LNG, liquid biofuels, and bio/e-methanol; the delivery of innovative technical solutions, including methane slip abatement technologies, LNG and hydrogen blending, and fuel cell technology development, and others. Further, in February 2021, Sumitomo Corporation, a Japan-based trading company, and Petronas, a Malaysia-based oil and gas company, agreed to jointly market and supply LNG bunker fuel in Tokyo Bay in Japan and Malaysia, leveraging off each other's LNG bunkering assets and infrastructure to meet the demand for cleaner marine fuels. Through this partnership, Sumitomo provides LNG bunkering and related services to Petronas' shipping customers at the ports located within Tokyo Bay, while Petronas will offer the same services to Sumitomo's customers at the ports of Johor and Malacca.

Repsol Enhances Operations With Acquisition Of Canaport LNG Terminal

In November 2021, Repsol, a Spain-based company engaged in energy and petrochemicals, acquired the Canaport LNG terminal for an undisclosed amount. With this acquisition, Repsol gains flexibility and control over its operations, allowing it to maximize the facility's efficiency and value. Canaport LNG terminal is a Canada-based company engaged in state-of-the-art liquefied natural gas (LNG) receiving and regasification terminal.

Europe was the largest region in the LNG bunkering market in 2023. The regions covered in the LNG bunkering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the LNG bunkering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The LNG bunkering market includes revenues earned by entities by providing shore-to-ship and LNG-powered ships LNG bunkering services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The LNG bunkering market research report is one of a series of new reports from The Business Research Company that provides LNG bunkering market statistics, including LNG bunkering industry global market size, regional shares, competitors with an LNG bunkering market share, detailed LNG bunkering market segments, market trends and opportunities, and any further data you may need to thrive in the LNG bunkering industry. This LNG bunkering market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

LNG Bunkering Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $1.58 billion
Revenue Forecast In 2033 $7.49 billion
Growth Rate CAGR of 47.6% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Ship To Ship, Terminal To Ship, Truck To Ship
2) By End-User: Defense Vessels, Yachts, Cruise Ships, Ferries and OSVs, Bulk And General Cargo Fleets, Other End-Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled LyondellBasell Industries NV; Mitsubishi Chemical Group Corporation; BASF SE; Eastman Chemical Company; Ashland, Inc.;World Fuel Services; Crowley Maritime Corporation; SHV Energy; Engie SA; Gaz-System; Petrochina; ENN Energy Holdings Limited; Sinopec; Guanghui Energy Company Limited; Woodside Energy; Santos Ltd; Nauticor GmbH & Co. KG; Engas; Edison S.p.A; LNG Croatio LLC; Klaipedos Nafta AB; Blue Grid Gas & Power; Polskie LNG S.A; Eagle LNG Partners; Pivotal LNG Inc; FortisBC; NorthStar Holdco Energy LLC; Conrad Shipyards LLC; TOTO Maritime; Petrobras; Golar Power; YPF; Qatar Petroleum; ADNOC LNG; RasGas Company Limited; The Spanish Egyptian Gas Company; Damietta LNG Co; Petroliam Nasional Berhad; Sonatrach
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    Table Of Contents

    1. Executive Summary

    2. LNG Bunkering Market Characteristics

    3. LNG Bunkering Market Trends And Strategies

    4. LNG Bunkering Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global LNG Bunkering Market Size and Growth

    5.1. Global LNG Bunkering Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global LNG Bunkering Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global LNG Bunkering Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. LNG Bunkering Market Segmentation

    6.1. Global LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Ship To Ship

    Terminal To Ship

    Truck To Ship

    6.2. Global LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Defense Vessels

    Yachts

    Cruise Ships

    Ferries and OSVs

    Bulk And General Cargo Fleets

    Other End-Users

    7. LNG Bunkering Market Regional And Country Analysis

    7.1. Global LNG Bunkering Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global LNG Bunkering Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific LNG Bunkering Market

    8.1. Asia-Pacific LNG Bunkering Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China LNG Bunkering Market

    9.1. China LNG Bunkering Market Overview

    9.2. China LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India LNG Bunkering Market

    10.1. India LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan LNG Bunkering Market

    11.1. Japan LNG Bunkering Market Overview

    11.2. Japan LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia LNG Bunkering Market

    12.1. Australia LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia LNG Bunkering Market

    13.1. Indonesia LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea LNG Bunkering Market

    14.1. South Korea LNG Bunkering Market Overview

    14.2. South Korea LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe LNG Bunkering Market

    15.1. Western Europe LNG Bunkering Market Overview

    15.2. Western Europe LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK LNG Bunkering Market

    16.1. UK LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany LNG Bunkering Market

    17.1. Germany LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France LNG Bunkering Market

    18.1. France LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy LNG Bunkering Market

    19.1. Italy LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain LNG Bunkering Market

    20.1. Spain LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe LNG Bunkering Market

    21.1. Eastern Europe LNG Bunkering Market Overview

    21.2. Eastern Europe LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia LNG Bunkering Market

    22.1. Russia LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America LNG Bunkering Market

    23.1. North America LNG Bunkering Market Overview

    23.2. North America LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA LNG Bunkering Market

    24.1. USA LNG Bunkering Market Overview

    24.2. USA LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada LNG Bunkering Market

    25.1. Canada LNG Bunkering Market Overview

    25.2. Canada LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America LNG Bunkering Market

    26.1. South America LNG Bunkering Market Overview

    26.2. South America LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil LNG Bunkering Market

    27.1. Brazil LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East LNG Bunkering Market

    28.1. Middle East LNG Bunkering Market Overview

    28.2. Middle East LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa LNG Bunkering Market

    29.1. Africa LNG Bunkering Market Overview

    29.2. Africa LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. LNG Bunkering Market Competitive Landscape And Company Profiles

    30.1. LNG Bunkering Market Competitive Landscape

    30.2. LNG Bunkering Market Company Profiles

    30.2.1. LyondellBasell Industries NV

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Mitsubishi Chemical Group Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. BASF SE

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Eastman Chemical Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Ashland, Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. LNG Bunkering Market Other Major And Innovative Companies

    31.1. World Fuel Services

    31.2. Crowley Maritime Corporation

    31.3. SHV Energy

    31.4. Engie SA

    31.5. Gaz-System

    31.6. Petrochina

    31.7. ENN Energy Holdings Limited

    31.8. Sinopec

    31.9. Guanghui Energy Company Limited

    31.10. Woodside Energy

    31.11. Santos Ltd

    31.12. Nauticor GmbH & Co. KG

    31.13. Engas

    31.14. Edison S.p.A

    31.15. LNG Croatio LLC

    32. Global LNG Bunkering Market Competitive Benchmarking

    33. Global LNG Bunkering Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The LNG Bunkering Market

    35. LNG Bunkering Market Future Outlook and Potential Analysis

    35.1 LNG Bunkering Market In 2028 - Countries Offering Most New Opportunities

    35.2 LNG Bunkering Market In 2028 - Segments Offering Most New Opportunities

    35.3 LNG Bunkering Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global LNG Bunkering Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global LNG Bunkering Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: LyondellBasell Industries NV Financial Performance
  • Table 52: Mitsubishi Chemical Group Corporation Financial Performance
  • Table 53: BASF SE Financial Performance
  • Table 54: Eastman Chemical Company Financial Performance
  • Table 55: Ashland, Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global LNG Bunkering Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global LNG Bunkering Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, LNG Bunkering Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, LNG Bunkering Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: LyondellBasell Industries NV Financial Performance
  • Figure 52: Mitsubishi Chemical Group Corporation Financial Performance
  • Figure 53: BASF SE Financial Performance
  • Figure 54: Eastman Chemical Company Financial Performance
  • Figure 55: Ashland, Inc. Financial Performance
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Frequently Asked Questions

What is the definition of the LNG bunkering market?

LNG bunkering refers to the activity of supplying a ship with liquefied natural gas fuel for its own consumption. The primary benefit of using LNG as a fuel is the significant reduction in pollution caused by the more traditional methods of fueling ships, such as heavy fuel oil, marine gas oil (MGO), and marine diesel fuel (MDO). For further insights on the LNG bunkering market, request a sample here

How will the LNG bunkering market drivers and restraints affect the LNG bunkering market dynamics? What forces will shape the LNG bunkering industry going forward?

The LNG bunkering market growth is aided by stringent environmental regulation toward pollution caused by ship transportation. For further insights on the LNG bunkering market, request a sample here

What is the forecast market size or the forecast market value of the LNG bunkering market?

The LNG bunkering market is expected to reach $5.13 billion in 2027 at a rate of 48.7%. For further insights on the LNG bunkering market, request a sample here

How is the LNG bunkering market segmented?

The global LNG bunkering market is segmented as
1) By Type: Ship To Ship; Terminal To Ship; Truck To Ship
2) By End-User: Defense Vessels; Yachts; Cruise Ships; Ferries And OSVs (Offshore Service Vessels); Bulk And General Cargo Fleets; Other End-Users
3) By Application: Container Fleet; Tanker Fleet; Cargo Fleet; Ferries; Inland Vessels; Other Applications
For further insights on the LNG bunkering market, request a sample here

Which region has the largest share of the LNG bunkering market? What are the largest region's market size and growth rate?

Europe was the largest region in the LNG bunkering market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Who are the major players in the LNG bunkering market?

Key competitors in the LNG bunkering market are, Harvey Gulf International Marine LLC, Eagle LNG Partners LLC, SEA-LNG Limited, Korea Gas Corporation, Nauticor GmbH & Co KG (Bomin Linde LNG GmbH & Co KG), Gazpromneft Marine Bunker LLC, Royal Dutch Shell Plc., Skangas AS, Polskie LNG SA, Gasnor AS, TotalEnergies SE, ABS Group of Companies Inc., Gasum Limited, Probunkers Holding Company, OGP Gaz-System SA, Mitsui OSK Lines, Titan LNG, Carnival Corporation & Plc., Air Liquide SA, Barents Naturgass AS, ENI Norge AS, Statoil ASA, GDF SUEZ SA, ENN Group, Prima LNG, Fjord Line. For further insights on the LNG bunkering market, request a sample here.

What are the key trends in the LNG bunkering market?

Major trends influencing the LNG bunkering market include innovation. Major market players are focusing on launching innovative operations to sustain their position in the LNG bunkering market such as ship-to-containership liquefied natural gas (LNG) bunkering. For further insights on the LNG bunkering, request a sample here.

What are the major opportunities in the LNG bunkering market? What are the strategies for the LNG bunkering market?

For detailed insights on the major opportunities and strategies in the LNG bunkering market, request a sample here.

How does the LNG bunkering market relate to the overall economy and other similar markets?

For detailed insights on LNG bunkering market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the LNG bunkering industry?

For detailed insights on the mergers and acquisitions in the LNG bunkering industry, request a sample here.

What are the key dynamics influencing the LNG bunkering market growth? SWOT analysis of the LNG bunkering market.

For detailed insights on the key dynamics influencing the LNG bunkering market growth and SWOT analysis of the LNG bunkering industry, request a sample here.