The global LNG bunkering market is estimated to be worth USD 1.62 billion in 2025, with a projected growth to USD 10.44 billion by 2032, driven by stringent environmental regulations and rising demand for cleaner fuels. Ship-to-ship bunkering and cargo fleets are key segments, with Europe leading the market share.

Coherent Market Insights forecasts a 6.5X growth in the LNG bunkering market, with a CAGR of 30.5% between 2025 and 2032. The industry is propelled by the need to reduce emissions in the shipping sector, with LNG emerging as a cleaner alternative fuel.

Despite high infrastructure costs and the adoption of alternative fuels like ammonia and hydrogen, the LNG bunkering market outlook remains positive due to rapid growth in maritime trade. The market is also witnessing investments in LNG bunkering facilities, such as the Galveston LNG Bunker Port project in the U.S.

Advancements in LNG bunkering technologies, such as ship-to-ship and truck-to-ship transfer methods, are enhancing efficiency and safety in LNG fueling operations. The increasing adoption of LNG-powered vessels and government incentives to promote LNG use are expected to further boost market growth.

Recent developments, including the IMO Net-Zero Framework, expansion of U.S. LNG export capacity, and technological advancements in LNG bunkering systems, are shaping the LNG bunkering market. Key players in the industry include Korea Gas Corporation, Royal Dutch Shell, and Total.

In July 2025, TotalEnergies partnered with CMA CGM Group to launch an LNG bunkering joint venture, aiming to accelerate maritime decarbonization. Additionally, Anglo-Eastern inaugurated an LNG/Ammonia bunkering station in Mumbai, highlighting the industry’s commitment to sustainable fueling solutions.

Read more at GlobeNewswire: LNG Bunkering Market Size to Hit USD 10.44 Billion by 2032,