Global LNG Bunkering Market is estimated to be valued at USD 1.62 Bn in 2025 and is expected to reach USD 10.44 Bn by 2032, growing at a compound annual growth rate (CAGR) of 30.5% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 1.62 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
30.50%
2032 Value Projection:
USD 10.44 Bn
Figure. LNG Bunkering Market Share (%), By Region 2025
The global LNG bunkering market has been growing steadily over the past few years. LNG is currently one of the most viable alternatives to conventional marine fuels owing to its environmental and cost benefits. Several shipping companies and ports are encouraging the use of LNG as a marine fuel to meet the stringent environmental regulations on SOx and particulate emissions. The growing international trade and seaborne transportation have been increasing the demand for energy-efficient and low emission fuels in the shipping industry. The International Maritime Organization's push for greener shipping has further boosted the adoption of LNG as a bunker fuel. Various ports across major trading hubs have started investing in LNG bunkering infrastructure to accommodate more LNG fueled vessels. With growing focus on sustainability, the global LNG bunkering market is expected to witness significant growth in the coming years.
Market Dynamics:
The global LNG bunkering market is driven by the stringent environmental norms imposed by IMO on sulphur emissions from ships. The growing popularity of LNG as a cleaner alternative to conventional bunker fuels is a key driver. LNG produces less emissions and offers 40-50% higher efficiency than conventional fuels. Initiatives by governments and ports worldwide to set up LNG bunkering infrastructure is expected to boost market growth. For instance, countries like Japan, China, and Norway are investing heavily in LNG terminals and networks. However, high setup and transportation costs involved in LNG bunkering can hinder market revenues. Lack of standardized regulations is another challenge. Meanwhile, emerging opportunities lie in developing small and mid-scale liquefaction facilities near ports. Growing preference for dual-fuel engines and transition towards gas-powered ships will also support the market expansion.
Key Features of the Study:
This report provides an in-depth analysis of the global LNG bunkering market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global LNG bunkering market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Royal Dutch Shell PLC, Korea Gas Corporation, ENGIE SA, Skangas AS, Gasum Oy, Total S.A., ENN Energy Holdings Limited, Crowley Maritime Corporation, Bomin Linde LNG GmbH & Co. KG, Harvey Gulf International Marine LLC, Fjord Line AS, Gazpromillioneft Marine Bunker LLC, Statoil ASA, Eagle LNG Partners, Titan LNG BV, Naturgy Energy Group SA, Gasnor AS, EVOL LNG Pty Ltd, Polskie LNG S.A., and Transgas Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global LNG bunkering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LNG bunkering market.
Detailed Segmentation-
By Product Type:
Portable Tanks
Ship-to-Ship
Port-to-Ship
Truck-to-Ship
By Application:
Container Fleet
Tanker Fleet
Cargo Fleet
Ferries
Inland Vessels
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Royal Dutch Shell PLC
Korea Gas Corporation
ENGIE SA
Skangas AS
Gasum Oy
Total S.A.
ENN Energy Holdings Limited
Crowley Maritime Corporation
Bomin Linde LNG GmbH & Co. KG
Harvey Gulf International Marine LLC
Fjord Line AS
Gazpromillioneft Marine Bunker LLC
Statoil ASA
Eagle LNG Partners
Titan LNG BV
Naturgy Energy Group SA
Gasnor AS
EVOL LNG Pty Ltd
Polskie LNG S.A.
Transgas Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global LNG Bunkering Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global LNG Bunkering Market - COVID-19
Impact Analysis
5. Global LNG Bunkering Market, By Product Type, 2020-2032 (US$ BN)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Portable Tanks
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Ship-to-Ship
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Port-to-Ship
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Truck-to-Ship
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
6. Global LNG Bunkering Market, By Application, 2020-2032 (US$ BN)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Container Fleet
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Tanker Fleet
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Cargo Fleet
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Ferries
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Inland Vessels
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Others
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
7. Global LNG Bunkering Market, By Region, 2020-2032 (US$ BN)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ BN)
Market Size and Forecast, By Application, 2020- 2032 (US$ BN)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ BN)
Market Size and Forecast, By Application, 2020- 2032 (US$ BN)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ BN)
Market Size and Forecast, By Application, 2020- 2032 (US$ BN)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ BN)
Market Size and Forecast, By Application, 2020- 2032 (US$ BN)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Country, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ BN)
Market Size and Forecast, By Application, 2020- 2032 (US$ BN)