02-Dec-2021 | Zion Market Research
As per study of Zion Market Research study, Chemical Tankers industry accrued revenue of about US$ 29.11 billion in 2020 and is anticipated to garner earnings of approximately US$ 40.12 billion by 2028. Moreover, Chemical Tankers market is prognosis to record CAGR of nearly 4.7% in 2021-2028. Furthermore, growth of chemical tankers market over assessment period can be credited to thriving chemical sector across emerging economies of Asia Pacific zone. In addition to this, cost-effective shipping charges and rise in production capacity of chemical factories in developing countries will steer chemical tankers industry growth. Large-scale production of shale gas can favorably impact growth of chemical tankers business across globe. Massive demand for fats & vegetable oil will create lucrative growth avenues for chemical tankers industry over estimated timespan. Nonetheless, oscillation in crude oil costs can put brakes on expansion of chemical tankers industry.
IMO-1 To Dominate Fleet Type Segment During 2021-2028
Growth of IMO-1 segment over anticipated timeline is owing to its massive usage in transporting crude oil. Moreover, technological breakthroughs will further contribute towards segmental growth in years to come.
North America To Make Lucrative Contributions Towards Overall Market Share By 2028
Expansion of chemical tankers industry in North America over forecast timespan is owing to large-scale manufacture of ethylene that is predicted to enhance organic chemical supply. Additionally, large-scale manufacture of shale gas will result in chemical tankers demand for transporting shale gas, thereby further driving regional market trends.
Moreover, key players are trying to adopt new business strategies for increasing their market share and fulfill escalating demand for chemical tankers for shipment of chemical goods. This has added immensely towards size of chemical tankers market across globe in recent years. Furthermore, giant players are trying to capture huge chunk of global market share along with improving their position in market. We have included them in our report and they are Stolt-Nielsen Limited, Team Tankers International Limited, Navig8 Limited, Bahri Company, MOL Chemical Tankers, Odfjell SE, MOL Nordic Tankers Trading A/S, MISC Berhad Corporation, Wilmar International Limited, Iino Kaiun Kaisha, Ltd., Stena Bulk Company, and Maersk Tankers.
Browse the full “Chemical Tankers Market- By Product Type (Organic Chemicals, Inorganic Chemical, and Vegetable Fats & Oils), By Fleet Type (IMO 1, IMO 2, and IMO 3), By Fleet Material (STAINLESS STEEL And Coated), And By Fleet Size (Inland Chemical Tankers (1,000-4,999 DWT), Coastal Chemical Tankers (5,000-9,999 DWT), and Deep-Sea Chemical Tankers (10,000-50,000 DWT)): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/chemical-tankers-market
The global Chemical Tankers Market is segmented as follows:
By Product Type
By Fleet Type
By Fleet Material
By Fleet Size
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