Chemical Tanker Market
A chemical tanker is a type of tanker ship or cargo ship that is designed to transport chemicals in bulk quantity. Growth of the Chemical Industry coupled with increasing Demand for Oilseeds/Vegetable Oils & Fats is key driving forces of market growth.
Increasing awareness among masses regarding the health benefits resulting from the consumption of vegetable oils & fats is increasing the demand for vegetable oil and fats. For instance, as per Statista, global consumption of palm oil increased from 57.52 million metric tons in 2013/14 to about 69.57 million metric tons in 2018/19. This increasing demand for vegetable oil in increasing the demand for chemical tankers used for shipping vegetable oils and fats. Moreover, increasing Production of Chemicals in emerging economies is expected to create significant growth opportunities in the market over the forecast period. However, slow Growth in Crude Oil Production and oil Bunkering Regulations impedes the growth of the market over the forecast period of 2019-2026.
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Global Chemical Tankers Market is valued approximately USD 29.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2019-2026.
The regional analysis of the global Chemical Tankers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. The Asia Pacific is estimated to be leading/significant region across the world in terms of market share. Further, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026.
Factors such as flourishing chemical industry, increasing demand for vegetable oils & fats, increasing capacities of chemical manufacturers would create lucrative growth prospects for the Chemical Tankers market across the Asia-Pacific region.
Major market player included in this report are:
- Mol Chemical Tankers Pte. Ltd.
- Nordic Tankers A/S
- Wilmar International Ltd.
- Misc Berhad
- Team Tankers International Ltd.
- Iino Kaiun Kaisha, Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
- Organic Chemicals
- Inorganic Chemicals
- Vegetable Oils & Fats
By Fleet Type:
- IMO Type 1
- IMO Type 2
- IMO Type 3
By Fleet size:
By Fleet material:
- Stainless Steel
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016-,2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Chemical Tanker Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers VARs
- Third-party knowledge providers
- Investment bankers
For any special requirements about this report, please let us know and we can provide custom reports.
Name: Jennifer Daniel
Organization: Planet Market Reports