LNG Carrier Market Segmentation:
Containment System Segment Analysis
The membrane segment is predicted to gain the largest LNG carrier market share of 55.3% during the projected period by 2035. The membrane containment system is a fundamental driver of growth in the LNG carrier market by enabling larger vessel capacities, enhanced safety, and greater efficiency. Its compact design maximizes cargo space within the hull, allowing for increased transport volumes and economies of scale. The proven reliability of membrane technologies, such as GTT’s NO96 and Mark-III systems, reduces operational risks associated with cryogenic leakage and boil-off, bolstering confidence among operators, insurers, and charterers. This technological edge supports compliance with stringent international safety and emissions standards, making membrane systems the preferred choice for modern LNG carrier newbuilds. As demand for flexible and cost-effective LNG transportation rises, the adoption of membrane containment propels market expansion through innovation and scalability.
Propulsion Type Segment Analysis
The dual‑fuel propulsion segment is anticipated to constitute significant growth by 2035, with 40% LNG carrier market share, mainly due to the capability of on-board burning of LNG and land-based traditional marine fuels to meet future IMO contaminant emission rules. As the decarbonization and the need to mitigate greenhouse gases become more pressing, dual fuel capacity will continue to take LNG carrier market share from steam turbines or diesel propulsion.
Vessel Size Segment Analysis
The large‑scale carriers’ segment is anticipated to constitute the most significant growth by 2034, with 45.2% LNG carrier market share, mainly due to superior solubility and blending capabilities in beverages and food, and dairy products. The liquid nature allows for uniform sweetness to be spread across the product, which enhances the consumer experience. Furthermore, HSH syrup, as a sugar replacement, continues to gain space in the food industry as a qualified low-calorie option, with end users becoming more attracted to healthier substitutes.
Our in-depth analysis of the global LNG carrier market includes the following segments:
|
Segment |
Sub Segments |
|
Vessel Size |
|
|
Containment System |
|
|
Propulsion Type |
|
|
Application |
|
