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Pulished Date February, 2020
ID: 8507
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Chemical Tankers Market by Product Type (Organic Chemicals, Inorganic Chemicals, Vegetable Oils & Fats), Fleet Type (IMO 1, IMO 2, IMO 3), Fleet Material (Stainless Steel, Coated), Fleet Size, and Region - Global Forecast to 2025

Pulished: February, 2020
ID: 8507
Pages: 170

Global Chemical Tanker Market value and growth:

The global chemical tankers market was worth USD 26.59 billion in 2020 and is estimated to attain USD 33.11 billion by 2025 with a current compound annual growth rate (CAGR) of around 4.5% during the review period 2020 and 2025.

Global Chemical Tanker Market overview:

Chemical tankers are cargo ships made for the shipping of any liquid bulk chemicals. These tankers carry chemicals in a different form. Chemical tankers are mainly made to maintain the consistency of the substances they take on board. These tankers are covered with some elements which make it easier to recognize the chemicals to be transported. Different kinds of chemical tankers are usually employed to transport bulk chemicals. Segmentation can be done on the basis of criteria like the kind of chemical carried by the tanker and the type of coating used in the tanker and the travel routes and the type of product.

In the last few years, the array of chemicals transported in bulk has mainly grown, and unique ranges of ships are highly employed to meet the requirement. Apart from the specialist ships made to ship bulk chemicals by sea, transportation of bulk chemicals also needs specialized training for the crew involved in the complete procedure, starting from construction/design of the vessels to loading, storing, discharge, and tank cleaning operations. Due to the complicated characteristics of the different chemicals generally transported in bulk through carriers, it is critical that the crew must be aware of the potential risks related to handling them. 

Low crude oil price is estimated to enhance profit margins of refineries, hence promoting North American oil product trade. In 2019, low oil costs escalated oil trade to countries like China, thus offering better profitability to vessel owners. Vegetable oils & fats sector is estimated to rise as the second-fastest expanding sector due to its increasing use in culinary applications, biodiesel, pet food additives, and also in the manufacturing of candles, soaps, skin care products, perfumes and other personal care products. Products like palm oil included in this sector are traded on a large scale, particularly for biodiesel production.

Global Chemical Tanker Market segmentation:

On the basis of Type, the market is separated into IMO type 1, IMO type 2, IMO type 3.The IMO type 1 of tankers is employed for shipping most dangerous chemicals. IMO type II tankers are used to ship less hazardous chemicals, and the IMO type III tankers are used to send the least unstable ranges of chemicals. Of these, the IMO type 1 segment is likely to play a prominent role in the extension of the global chemical tankers business due to the globalization and commercialization of international trade.

On the basis of type of coating, the market is separated into stainless steel tanks, epoxy coated tankers. Epoxy coated chemical tankers are generally employed for the transportation of vegetable oil. This kind of coating is predicted to expand with a noteworthy growth rate in the next few years in the worldwide chemical tankers market.

Global Chemical Tanker Market geographical analysis:

On the basis of region, the Global Chemical Tanker Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe. The Asia Pacific chemical tanker market currently leads the global business. Nearly one-third of the complete revenue of the worldwide chemical tanker shipping market is contributed by the Asia Pacific market, and the regional market is estimated to showcase high expansion due to the flourishing refinery/petrochemical market and escalated focus and funds invested towards the advancement of sea transportation infrastructure in the region. Furthermore, the increasing GDPs of growing economies like India, China and Singapore in the region are also resulting in the escalated demand for a range of chemicals, therefore driving the market for chemical tankers across the area. The Europe chemical tanker market follows Asia Pacific and is estimated to remain one of the most prominent regions for the chemical tankers market in future.

Global Chemical Tanker Market key players:

Major companies plying their trade in the Global Chemical Tanker Market include 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), and Lino Kaiun Kaisha (Japan), among others.

Recent Developments and Trends

Bahri Chemicals has become a part of Maersk Tankers and Cargill’s joint medium-range (MR) pool introduced in September 2019. With the inclusion of the four vessels, the MR pool will escalate to over 65 vessels, bolstering the pool’s commercial presence in the Middle East. 

Essential shipping and terminals operator Stolt-Nielsen has agreed to purchase the chemical tanker fleet of fellow Norwegian firm Jo Tankers for $575 million. The purchase price involves 13 chemical tankers and a 50% share in a joint venture with eight new buildings.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product Type                             

                                5.1.1 Introduction           

                                5.1.2 Organic Chemicals

                                5.1.3 Inorganic Chemicals            

                                5.1.4 Vegetable Oils & Fats         

                                5.1.5  Y-o-Y Growth Analysis, By Product Type   

                                5.1.6  Market Attractiveness Analysis, By Product Type

                                5.1.7  Market Share Analysis, By Product Type   

                5.2 Fleet Type                   

                                5.2.1 Introduction           

                                5.2.2 IMO 1        

                                5.2.3 IMO 2        

                                5.2.4 IMO 3        

                                5.2.5 Y-o-Y Growth Analysis, By Fleet Type          

                                5.2.6 Market Attractiveness Analysis, By Fleet Type        

                                5.2.7 Market Share Analysis, By Fleet Type          

                5.3 Fleet Material                            

                                5.3.1 Introduction           

                                5.3.2 Stainless Steel       

                                5.3.3 Coated      

                                5.3.4 Y-o-Y Growth Analysis, By Fleet Material   

                                5.3.5  Market Attractiveness Analysis, By Fleet Material

                                5.3.6  Market Share Analysis, By Fleet Material  

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                       By Geographical Area

                                       By Product Type

                                       By Fleet Type

                                       By Fleet Material

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Product Type

                                       By Fleet Type

                                       By Fleet Material

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Product Type

                                       By Fleet Type

                                       By Fleet Material

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Etizen Chemical                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Oil Tankers Seatrans                               

                8.3 ODFJELL                       

                8.4 Mineral Tankers                       

                8.5 Stoilt-Nielsen Ltd.                    

                8.6 Tokyo Marine Asia Pte Ltd.                  

                8.7 Nordic Tankers                          

                8.8 Navig8 Chemicals                     

                8.9 IINO KAIUN KAISHA                

                8.10 Berlian Laju Tanker               

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         


                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by product type,by fleet type,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market


  1. Global Chemical Tankers Market By Region, From 2020-2025 ( USD Billion )
  2. Global Chemical Tankers Market By Product Type, From 2020-2025 ( USD Billion )
  3. Global Organic Chemicals Market By Region, From 2020-2025 ( USD Billion )
  4. Global Inorganic Chemicals Market By Region, From 2020-2025 ( USD Billion )
  5. Global Vegetable Oils & Fats Market By Region, From 2020-2025 ( USD Billion )
  6. Global Chemical Tankers Market By Fleet Type, From 2020-2025 ( USD Billion )
  7. Global IMO 1 Market By Region, From 2020-2025 ( USD Billion )
  8. Global IMO 2 Market By Region, From 2020-2025 ( USD Billion )
  9. Global IMO 3 Market By Region, From 2020-2025 ( USD Billion )
  10. Global Chemical Tankers Market By Fleet Material, From 2020-2025 ( USD Billion )
  11. Global Stainless Steel Market By Region, From 2020-2025 ( USD Billion )
  12. Global Coated Market By Region, From 2020-2025 ( USD Billion )


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