Global Gas Tankers Market Set to Expand with LNG Demand Driving Growth

The global gas tankers market is expected to experience significant growth between 2026 and 2035, driven by increasing demand for liquefied natural gas (LNG) and petrochemical gases. According to a recent report by IndexBox, the market will expand at a compound annual growth rate of 4.2% in fleet capacity, reaching a market index of 150 by 2035.

The growth is attributed to strong demand fundamentals linked to energy security, decarbonization strategies, and expanding petrochemical capacity. LNG trade expansion, stricter emissions regulations, and technological advances in containment and propulsion systems will also contribute to the market's transformation.

The report highlights that natural gas transport will maintain its leading share of 45% by 2035, supported by new liquefaction projects and floating storage and regasification units (FSRU) deployments. Petrochemical gas transport is expected to grow steadily at 25%, driven by expanding petrochemical capacity in the Middle East, Asia, and North America.

However, supply-side constraints, including limited shipyard capacity and skilled labor shortages, may delay deliveries. Geopolitical tensions and trade route disruptions pose risks, but long-term contracts provide revenue visibility.