Chemical tankers market is projected to grow at a CAGR of 3.39% to reach US$29.155 billion by 2024, from US$23.870 billion in 2018. Growing chemical industry is the major driver of chemical tankers market.
The rising volume of global imports and exports of chemicals is boosting the demand for chemical tankers. Increasing demand for oilseeds, vegetable oils and fats are also contributing to the growth of chemical tankers market. Rising production of chemicals in developing regions, especially APAC, will provide a great opportunity for the growth of chemical tankers market in the coming years. However, factors such as slow growth in crude oil production and stringent oil bunkering regulations are hindering the growth of chemical tankers market. By geography, chemical tankers market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. APAC will witness a significant market growth on account of rising chemical production in the region.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the chemical tankers value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the chemical tankers market.
Major industry players profiled as part of the report are Stolt-Nielsen, MOL CHEMICAL TANKERS PTE. LTD, Bahri, and Fairfield Chemical Carriers among others.
|Market size value in 2018||US$23.870 billion|
|Market size value in 2024||US$29.155 billion|
|Growth Rate||CAGR of 3.39% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, Fleet Type, Fleet Size, Fleet Material, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Stolt-Nielsen, Mol chemical tankers PTE. Ltd, Bahri, Navig8 Chemical Tankers Inc.Fairfield Chemical Carriers, ODFJELL, John T. Essberger Group of Companies, Chemship B.V.|
|Customization scope||Free report customization with purchase|
Chemical tankers market has been analyzed through the following segments:
Frequently Asked Questions (FAQs)
Mol chemical tankers PTE. Ltd
Navig8 Chemical Tankers Inc.Fairfield Chemical Carriers
John T. Essberger Group of Companies
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