Asia Pacific Bio-lng Market Size & Outlook, 2023-2030
Asia Pacific bio-lng market, 2018-2030 (US$M)
Related Markets
Asia Pacific bio-lng market highlights
- The Asia Pacific bio-lng market generated a revenue of USD 106.4 million in 2023.
- The market is expected to grow at a CAGR of 69.9% from 2024 to 2030.
- In terms of segment, organic household waste was the largest revenue generating source type in 2023.
- Organic Industrial Waste is the most lucrative source type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 106.4 million |
| Market revenue in 2030 | USD 4,355.2 million |
| Growth rate | 69.9% (CAGR from 2023 to 2030) |
| Largest segment | Organic household waste |
| Fastest growing segment | Organic Industrial Waste |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic Household Waste, Organic Industrial Waste, Municipal Waste |
| Key market players worldwide | Linde PLC, Shell PLC, TotalEnergies SE, Flogas Britain, DCC PLC, BoxLNG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 7.7% of the global bio-lng market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,355.2 million by 2030.
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Bio-LNG Market Scope
Bio-LNG Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bio-lng market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio-lng market will help companies and investors design strategic landscapes.
Organic household waste was the largest segment with a revenue share of 41.73% in 2023. Horizon Databook has segmented the Asia Pacific bio-lng market based on organic household waste, organic industrial waste, municipal waste covering the revenue growth of each sub-segment from 2018 to 2030.
The global bio-LNG market is projected to grow at a significant rate in Asia Pacific over the forecast period. The demand for LNG in APAC is mainly dominated by Japan followed by China and India which are also major markets for LNG.
The high growth of industrial sectors in China, India, and Japan has triggered the demand for clean power sources, and therefore, the need for natural gas. The presence of oil & gas and process-based companies in China, on account of low labor and utility costs, has been one of the factors responsible for the penetration of natural gas in its industrial applications.
Decentralization of the power sector in Thailand coupled with the availability of natural gas in abundance is projected to boost the market in China over the forecast period.
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Target buyers of Asia Pacific bio-lng market databook
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Our clientele includes a mix of bio-lng market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bio-lng market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bio-lng market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bio-lng market size, by country, 2018-2030 (US$M)
Asia Pacific Bio-LNG Market Outlook Share, 2023 & 2030 (US$M)
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