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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Liquefied natural gas is referred to as LNG. Natural gas condenses into a liquid when it is cooled at a liquefaction facility to about -260°F (-161.5°C) at atmospheric pressure. About 1/600 the volume of natural gas is occupied by one volume of liquid.
Due to the extreme temperatures and environmental conditions, liquefied natural gas (LNG) or liquefied propane is frequently fairly difficult to handle. Because of the pressure changes that occur when natural gas or propane transforms from a solid to a liquid, epoxy is frequently used in sealing and encapsulation applications involving storage tanks, containers, and vessels.
As a result, the epoxy needs to be able to withstand cryogenic temperatures as well as cryogenic shocks. Numerous solutions from Master Bond have exceptional cryogenic serviceability, as well as optical clarity, chemical resistance, thermal conductivity, and electrical insulating capabilities where required.
The Global LNG fuel tank epoxy resin market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
At its facility in Chakan, Pune, Blue Energy Motors has unveiled what the business describes as India's first green truck powered by liquefied natural gas (LNG). The business debuted a 5528 42 truck as its first LNG-powered variant.
This truck, according to Blue Energy, can run on CNG, LNG, or biomethane and has 280 horsepower and 1000 Nm of torque. According to the manufacturers, the 1000-lt fuel tank on the 5528 42 truck gives it the first 1000-km range on a single fill.
A cryogenic tank and the FPT N67 NG engine from Iveco Group will power a Blue Energy Group LNG truck. Light, Medium and Heavy Commercial Vehicles IVECO, Powertrain FPT Industrial, Buses Heuliez, IVECO Bus, Financial Services the Iveco Capital, and Specialty Vehicles are among their available products (IDV, ASTRA and Magirus).
The features of the LNG truck were highlighted by Sylvain Blaise, President of the Iveco Group's Powertrain, who also stated, "Initially, the powertrain would be produced in Italy. But the Indian market has enormous potential.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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