We are monitoring the impact of COVID-19 & Recession alarm on Chemical Tankers Market Get in touch with us for detailed analysis Know More

Know More

Share on

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 Industry Analysis on Size, Share, Growth, Trends & Forecast | 2022 to 2027

Published: January, 2022
ID: 8507
Pages: 175

Chemical Tankers Market Size 2022-2027:

Chemical Tanker Market is predicted to grow from $ 26.42 billion in 2021 to $ 33.40 billion by 2026, with a CAGR of 4.9% between 2021 and 2026.

The high concentration of chemical production and the growing call worldwide are primarily responsible for the expansion of the market. Shale gas evolution is one of the important factors positively influencing market expansion. Organic chemicals have a wide base of applications and are attracting considerable interest due to their potential industrial uses. The participation of significant commercial activities, coupled with low charter rates for inland waterway transport, is predicted to stimulate the market during the foreseen period. Fleet operators offer innovative technology solutions to stimulate the worldwide supply of chemical tankers.

Tanker truck lining plays a crucial role in the transportation of chemicals due to its dangerous nature and different properties. Chemical tankers are cargo ships designed to transport chemicals in bulk. These tanker trucks transport chemicals in different ways. In addition, these tankers must comply with the International Code of Bulk Chemicals (IBC Code), which defines them in three types: ST1, ST2, and ST3. ST1 carries flammable or toxic hazardous chemicals. ST2 carries chemicals with important preventive measures. ST3 carries chemicals that require a moderate degree of contaminants. These tanker trucks help maintain the consistency of chemicals that must be transported around the world. Additionally, these tank trucks are coated with specialized substances to determine which chemicals to ship.

Chemical Tankers Drivers in the Chemical Tankers Market:

The escalating development of the chemical industry is the main expansion engine of the worldwide chemical tankers market. The expansion of the chemical industries leads to the production of chemicals on a large scale, which in turn contributes to the growing call for chemical tanker trucks. Additionally, escalating call for vegetable fats and oils and oilseeds is also predicted to drive the expansion of the global chemical tanker market during the foreseen period. Additionally, rising stringent regulations regarding the safe shipment of hazardous chemicals are also contributing to this market expansion. In addition, the call for stainless steel chemical tanker trucks has also escalated as these tanker trucks offer better resistance to chemicals. The thriving chemical industry and the growing capabilities of chemical manufacturers are driving calls for chemical tanker trucks around the world. Furthermore, the escalating call for vegetable oils and fats is also predicted to drive the expansion of the global chemical tanker market during the foreseen period.

Opportunities in the Chemical Tankers Market:

Growing consumer concern for safe and hygienic food is also predicted to drive the trade in vegetable/animal oils and fats, which in turn is predicted to drive the global chemical tanker market during the foreseen period.

Challenges in the Chemical Tankers Market:

The slow expansion of crude oil manufacturing and the formulation and enforcement of petroleum fueling laws, such as conducting proper risk assessments and implementing proper spill and leak containment functions. They are a constraint on the worldwide market for chemical tankers. Low worldwide crude oil prices and declining exploration capital investment in recent years have led to the slow development of the crude oil market.

CHEMICAL TANKERS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2021

Forecast Period

2022-2027

CAGR

4.9%

Segments Covered

  • By Product
  • By Shipment Route
  • By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America: United States, Mexico, Canada
  • Europe: United Kingdom, Germany, Italy, France
  • Asia Pacific: Australia, Canada, China
  • Latin America: Argentina, Brazil, Chile
  • The Middle East and Africa: Egypt, Iran, Iraq, Israel

 

 

Market Leaders Profiled

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 Iino Kaiun Kaisha (Japan).

Chemical Tankers Market

Market Segmentation:

Chemical Tankers Market - By Product:

  • Organic
  • Inorganic
  • Vegetable oils & fats

The organic chemicals segment is predicted to be leading in this Industry due to its escalating call for pharmaceuticals, food and beverages, pesticides, crop protection, fertilizers, water treatment, personal care products, and cosmetics. The shale gas boom in North America and China has triggered the production of organic chemicals in the region, with ethylene being the main feedstock.

Chemical Tankers Market - By Shipment Route:

  • Inland
  • Coastal
  • Deep-sea

The call for coastal tankers from China and India is predicted to experience positive expansion in the near future due to policy and infrastructure restructuring. The Indian workforce is very competitive in terms of skills and salaries. India and China are also strategic gateways for importing products into the Asia Pacific region, making it a valuable destination and suitable market for chemical tankers.

Chemical Tankers Market - By Region:

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America
  • Middle east and Africa 

 The Asia-Pacific region accounted for the largest share in terms of revenue in this market. This expansion is attributed to the growing call for petrochemicals in countries such as China, India, and Singapore. Also, an increase in the number of chemical industries in South Korea and Japan and the increase in domestic chemical production in India is predicted to positively influence the expansion of this market in the coming years. The Asia-Pacific region is estimated to be the largest market for chemical tankers during the foreseen period. China is predicted to dominate the Asia-Pacific chemical tankers market during the outlook period.

The Chinese chemical tankers market is also likely to grow at the highest CAGR, in terms of value and volume during the foreseen period. The slow expansion of crude oil production and the formulation and implementation of regulations related to fuel supply is holding back the expansion of the chemical tankers market. Low international crude oil prices and reduced capital investment for exploration in recent years have resulted in slow crude oil production. In addition, low investments in crude oil exploration and production in the United States have impacted the production of shale oil in the country. Oil production has also declined in China, due to low oil prices in the country. North America is predicted to attract new competitors in the chemical tankers market due to the shale gas boom. The region is predicted to have a positive impact on ethylene production, which is also supposed to boost the supply of organic chemicals to the world. Resilient exports from the United States and the Middle East were key drivers, affecting other trade routes as well.

chemical tankers Market Key players:

1) Bahri (Saudi Arabia)

2) Stolt-Nielsen (UK)

3) Odfjell (Norway)

4) Navig8 (UK)

5) MOL Chemical Tankers (Singapore)

6) Nordic Tankers (Denmark)

7) Wilmar International (Singapore)

8) MISC Berhad (Malaysia)

9) Team Tankers (Bermuda)

10) Iino Kaiun Kaisha (Japan)

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        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product Type

                                                6.1.3.3 By Fleet Type

                                                6.1.3.4 By Fleet Material

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product Type

                                                6.1.4.3 By Fleet Type

                                                6.1.4.4 By Fleet Material

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product Type

                                                6.1.5.3 By Fleet Type

                                                6.1.5.4 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                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Chemical Tankers Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Chemical Tankers Market By Product Type, From 2022 - 2027 ( USD Billion )
  3. Global Organic Chemicals Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Inorganic Chemicals Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Vegetable Oils & Fats Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Chemical Tankers Market By Fleet Type, From 2022 - 2027 ( USD Billion )
  7. Global IMO 1 Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global IMO 2 Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global IMO 3 Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Chemical Tankers Market By Fleet Material, From 2022 - 2027 ( USD Billion )
  11. Global Stainless Steel Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Coated Market By Region, From 2022 - 2027 ( USD Billion )

 

Please wait. . . . Your request is being processed

PURCHASE OPTIONS

pdf
$

4255


pdf excel
$

5060


pdf excel powerbi
$

7360


excel
$

2500

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • 6 Months of Free Analyst Support.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • 1 Year of Free Analyst Support.
  • PDF, Excel and Power BI Dashboard.
  • Can be accessible by unlimited users.
  • 1 Year of Free Analyst Support.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 4255

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Click for Request Sample