Chemical Tanker Market – Industry Analysis and Forecast (2017-2026) _ By Product Type (Organic Chemicals, Vegetable Oils & Fats, Inorganic Chemicals, and Others), By Fleet Type (IMO 1, IMO 2 and IMO 3), by tanker size (Inland, Offshore and Coastal Chemical Tankers), by fleet material (coated and stainless steel) and by geography (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America).
It is a type of tanker used to transport bulk chemicals. The main hazards associated with the safe transport of bulk liquid chemical cargoes relate to the compatibility, toxicity and flammability of the cargo. The range of chemicals shipped in bulk has increased considerably these days and a special class of ships have been designed and developed to meet today’s needs.
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Expected to reach USD 34.22 billion by 2024 from USD 25.32 billion in 2016 at a CAGR of 4.4%.
The report includes assessment of market definition along with identification of key players and analysis of their strategies, comprehensive quantitative analysis of the industry from 2016 to 2026 to enable stakeholders to capitalize on market opportunities , market analysis and comprehensive segmentation with respect to product type, fleet type, tanker size, fleet equipment and geography to aid in strategic business planning.
The vegetable oils and fats segment is expected to experience significant market growth:
The growth of this segment is attributed to the growing awareness of the health benefits resulting from the consumption of vegetable oils and fats.
The Asia-Pacific region is expected to hold the largest market shares during the forecast period:
The growth is attributed to the growth of the chemical industry and the growing demand for oilseeds or vegetable oils and fats in this region.
Chemical Carriers Market, By Product Type: Organic Chemicals, Vegetable Oils & Fats, Inorganic Chemicals, and Others
By type of fleet: IMO 1, IMO 2 and IMO 3
By tanker size: Inlan, Deep-Sea and Coastal
By fleet material: coated steel and stainless steel, by geography: North America, Europe, Asia-Pacific, Middle East, Africa and Latin America
market is growing with the presence of large companies holding a large market share.
Some of them operating in the market are given below:
• Nordic Tankers A/S
• Mol Chemical Tankers Pte. ltd.
• Wilmar International Ltd.
• Team Tankers International Ltd.
• MISC Berhad
• Iino Kaiun Kaisha, Ltd.
• Laurine Maritime
• Stena in bulk
• Aurora Tankers Management Pte. ltd.
• Maersk tankers