Chemical Research

  The Liquefied Natural Gas Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market Overview: Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. LNG takes up about 1/600th the volume of natural gas in the gaseous state. This process makes LNG cost-effective to transport over long distances where pipelines do not exist. Market Dynamics: The global  Liquefied natural gas market  is expected to witness significant growth over the forecast period, owing to rising number of LNG import terminals across various regions and increasing government focus on emerging natural gas-based economy. Between 2024-2031, over 120 new LNG import terminals are expected to come online, predominantly in Asia Pacific, Middle East, and North America. This rise in import infrastructure will boos...

  The Liquefied Natural Gas Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Liquefied natural gas or LNG is natural gas that has been cooled to liquid form, which reduces its volume by about 600 times, making it easier to store and transport. LNG is increasingly being used to produce electricity, fuel industries, heat homes and more. Market Dynamics: The  liquefied natural gas market  is expected to witness significant growth over the forecast period owing to rising global electricity demand along with robust growth of residential sector across developing nations. Rising urbanization and industrialization has led to increase in global electricity demand by over 2% annually in last few years. In addition, liquefied natural gas also provides a cost effective alternative to crude oil and coal for power generation thereby further accelerating its demand. Increased Global Dem...