India’s liquid, gaseous cargo
transport outlook is bright
Aug 18, 2009 10:57 AM
Rapidly rising consumption of petroleum oil and gases, together with liquid chemicals, is driving the market for transportation of liquid and gaseous cargo in India. The growing economy, increasing disposable income, and growth in automobile and industrial production continues to push the demand for natural gas as well as petroleum, oil, and lubricants (POL).
More than half of the liquid and gaseous cargo in India was transported domestically by road in 2008, but with growing consumption, pipelines are expected to gain share from road and railways in the POL segment. The main reasons behind this are higher safety, lower rates of pilferage, and faster transportation time.
New analysis from Frost & Sullivan, Strategic Analysis of Liquid and Gaseous Cargo Transportation Market in India, finds that the market earned revenues of $3.06 billion in 2008 and estimates this to reach $3.73 billion in 2013. The study thoroughly examines the market for transportation of liquid and gaseous cargo by road, rail coastal, and pipeline in these end-user markets: petroleum oil transportation, liquid chemicals transportation, edible oil transportation, and gases transportation.
For a virtual brochure, which provides a brief synopsis of the research and a table of contents, e-mail Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur@frost.com/amritan@frost.com with full name, company name, title, telephone number, company e-mail address, company website, city, state, and country. Upon receipt of the above information, a brochure will be sent by e-mail.
