Global Chemical Tankers Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Chemical tankers are cargo vessels used to transport liquid chemicals in large quantities. Based on their size, fleet type, and the chemicals that will be transporting, these are divided into many types of tankers. These tankers are required to comply with the many safety requirements listed and also provide the safe transportation of liquid chemicals that are flammable, hazardous, and safe. The variety of chemicals that are delivered in bulk has significantly increased, and specialized ship types are being heavily utilized to meet the demand. In addition to various ships built for transporting bulk chemicals by sea, the crew members involved in the entire operation also need particular training. starting with the construction or design of the vessels and ending with the loading, storing, discharge, and tank cleaning procedures. The key factor driving the market growth is growing of the chemical industry coupled with increasing demand for oilseeds/vegetable oils & fats are key driving forces of market growth.
Increasing awareness among masses regarding the health benefits 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 59.37 million metric tons in 2015/16 to about 73.86 million metric tons in 2021/22. This increasing demand for vegetable oil in increasing the demand for chemical tankers used for shipping vegetables oils and fats. Moreover, increasing Production of Chemicals in emerging economies is expected to create significant growth opportunity 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 2022-2029.
The key regions considered for the Global Chemical Tankers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. 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 highest growth rate / CAGR over the forecast period 2022-2029. 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 Asia-Pacific region.
Major market players included in this report are:
- Bahri (Saudi Arabia)
- Stolt-Nielsen (UK)
- Odfjell (Norway)
- Navig8 (UK)
- MOL Chemical Tankers (Singapore)
- Nordic Tankers (Denmark)
- Wilmar International (Singapore)
- MISC Berhad (Malaysia)
- Team Tankers (Bermuda)
- Iino Kaiun Kaisha (Japan)
Recent Developments in the Market:
- In August, 2020, A subsidiary of the Hyundai Heavy Industries Group and the owner of one of the largest state-of-the-art shipyards in the world, Hyundai Mipo Dockyard, and Bahri, a global transport and logistics firm, recently signed a contract to build ten 49,999-dwt Medium Range (MR) chemical tankers.
Global Chemical Tankers Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Fleet Type, Fleet size, Fleet material, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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
- Others
By Fleet Type:
- IMO Type 1
- IMO Type 2
- IMO Type 3
By Fleet size:
By Fleet material:
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Chemical Tankers Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Chemical Tankers Market, by Product Type, 2019-2029 (USD Billion)
- 1.2.3. Chemical Tankers Market, by Fleet Type, 2019-2029 (USD Billion)
- 1.2.4. Chemical Tankers Market, by Fleet size, 2019-2029 (USD Billion)
- 1.2.5. Chemical Tankers Market, by Fleet material, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Chemical Tankers Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Chemical Tankers Market Dynamics
- 3.1. Chemical Tankers Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing Chemical Industry
- 3.1.1.2. Rising Demand for Oilseeds/Vegetable Oils & Fats
- 3.1.2. Market Challenges
- 3.1.2.1. Slow growth in crude oil production
- 3.1.3. Market Opportunities
- 3.1.3.1. Oversupply in the Chemical Tankers Industry
Chapter 4. Global Chemical Tankers Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Chemical Tankers Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Chemical Tankers Market by Product Type, Performance - Potential Analysis
- 6.3. Global Chemical Tankers Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
- 6.4. Chemical Tankers Market, Sub Segment Analysis
- 6.4.1. Organic Chemicals
- 6.4.2. Inorganic Chemicals
- 6.4.3. Vegetable Oils & Fats
- 6.4.4. Others
Chapter 7. Global Chemical Tankers Market, by Fleet Type
- 7.1. Market Snapshot
- 7.2. Global Chemical Tankers Market by Fleet Type, Performance - Potential Analysis
- 7.3. Global Chemical Tankers Market Estimates & Forecasts by Fleet Type 2019-2029 (USD Billion)
- 7.4. Chemical Tankers Market, Sub Segment Analysis
- 7.4.1. IMO Type 1
- 7.4.2. IMO Type 2
- 7.4.3. IMO Type 3
Chapter 8. Global Chemical Tankers Market, by Fleet size
- 8.1. Market Snapshot
- 8.2. Global Chemical Tankers Market by Fleet size, Performance - Potential Analysis
- 8.3. Global Chemical Tankers Market Estimates & Forecasts by Fleet size 2019-2029 (USD Billion)
- 8.4. Chemical Tankers Market, Sub Segment Analysis
- 8.4.1. Inland
- 8.4.2. Coastal
- 8.4.3. Deep Sea
Chapter 9. Global Chemical Tankers Market, by Fleet material
- 9.1. Market Snapshot
- 9.2. Global Chemical Tankers Market by Fleet material, Performance - Potential Analysis
- 9.3. Global Chemical Tankers Market Estimates & Forecasts by Fleet material 2019-2029 (USD Billion)
- 9.4. Chemical Tankers Market, Sub Segment Analysis
- 9.4.1. Stainless Steel
- 9.4.2. Coated
Chapter 10. Global Chemical Tankers Market, Regional Analysis
- 10.1. Chemical Tankers Market, Regional Market Snapshot
- 10.2. North America Chemical Tankers Market
- 10.2.1. U.S. Chemical Tankers Market
- 10.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Fleet Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Fleet size breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Fleet material breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Chemical Tankers Market
- 10.3. Europe Chemical Tankers Market Snapshot
- 10.3.1. U.K. Chemical Tankers Market
- 10.3.2. Germany Chemical Tankers Market
- 10.3.3. France Chemical Tankers Market
- 10.3.4. Spain Chemical Tankers Market
- 10.3.5. Italy Chemical Tankers Market
- 10.3.6. Rest of Europe Chemical Tankers Market
- 10.4. Asia-Pacific Chemical Tankers Market Snapshot
- 10.4.1. China Chemical Tankers Market
- 10.4.2. India Chemical Tankers Market
- 10.4.3. Japan Chemical Tankers Market
- 10.4.4. Australia Chemical Tankers Market
- 10.4.5. South Korea Chemical Tankers Market
- 10.4.6. Rest of Asia Pacific Chemical Tankers Market
- 10.5. Latin America Chemical Tankers Market Snapshot
- 10.5.1. Brazil Chemical Tankers Market
- 10.5.2. Mexico Chemical Tankers Market
- 10.5.3. Rest of Latin America Chemical Tankers Market
- 10.6. Rest of The World Chemical Tankers Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Bahri (Saudi Arabia)
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Stolt-Nielsen (UK)
- 11.2.3. Odfjell (Norway)
- 11.2.4. Navig8 (UK)
- 11.2.5. MOL Chemical Tankers (Singapore)
- 11.2.6. Nordic Tankers (Denmark)
- 11.2.7. Wilmar International (Singapore)
- 11.2.8. MISC Berhad (Malaysia)
- 11.2.9. Team Tankers (Bermuda)
- 11.2.10. Iino Kaiun Kaisha (Japan)
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption