Liquefied Natural Gas (LNG) Market Registering A CAGR Of 12.7% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 17 October 2019: The Report Liquefied Natural Gas (LNG) Market Analysis By Application (Transportation Fuel, Power Generation, Mining & Industrial), By Region, And Segment Forecasts, 2018 – 2025 The global Liquefied Natural Gas (LNG) Market is expected to reach USD 20.6 billion by 2025, growing at a CAGR of 12.7%, according to a new report by Grand View Research, Inc. Rising focus on development and expanding gas pipeline infrastructure and growing demand for natural gas from downstream sectors is a crucial driving factor for the industry. Decreasing LNG prices along with execution of favorable government rules and regulations, which are attracting FDIs & tax schemes are also conducive to industry growth. Cumulative emphasis of adequate support infrastructure in numerous economies is anticipated to enhance product demand in the construction sector, since the product is used in building equipment. On the contrary, insufficient channel infrastructure is