Oil & Gas Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
LPG Carriers
Overview
Market size
$4.5B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
4 high severity
Market outlook
2031$5.5B
What changed
Demand by region
Asia Pacific demand55%
North America demand15%
Europe demand15%
Middle East demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Steel plates and structural components35%
Marine propulsion, cargo handling systems, and cryogenic tanks30%
Shipyard labor and engineering20%
Energy, yard overhead, and compliance fees10%
Inbound logistics and sea trials5%
share of delivered cost (analyst estimate)