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Chemical Tankers Market by Product Type (Organic Chemicals, Inorganic Chemical, Vegetable Fats & Oils, and Others), 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, 2017 – 2024

Published Date: 30-Oct-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3030 Status : Published

Global chemical tankers market expected to generate revenue of around USD 36 billion by the end of 2024, growing at a CAGR of around 4.4% between 2018 and 2024. Chemical tankers are cargo ships designed to transport chemicals in bulk. These tankers transport chemicals in different forms.

Description

The report covers the forecast and analysis for the chemical tankers market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based revenue (USD Billion). The study includes drivers and restraints for the chemical tankers market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the chemical tankers market on a global level.

In order to give the users of this report a comprehensive view of the chemical tankers market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment, fleet type segment, fleet material, and fleet size segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Chemical Tankers Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new fleet type launch, agreements, partnerships, collaborations & joint ventures, research & development, fleet type, and regional expansion of the major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product type portfolio of various companies according to the region.

The study provides a decisive view of the chemical tankers market by segmenting the market based on product type, fleet type, fleet material, and fleet size. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes the demand for chemical tankers market based on all the segments in all the regions and countries.

Some of the major players operating in the chemical tankers market are Stolt-Nielsen, Navig8, Bahri, MOL Chemical Tankers, Odfjell, Nordic Tankers, MISC Berhad, Wilmar International, Iino Kaiun Kaisha, Stena Bulk, Team Tankers, and Maersk Tankers.

This report segments the global chemical tankers market as follows:

Global Chemical Tankers Market: Product Type Segment Analysis

  • Organic Chemicals
  • Inorganic Chemical
  • Vegetable Fats & Oils
  • Others

Global Chemical Tankers Market: Fleet Type Segment Analysis

  • IMO 1
  • IMO 2
  • IMO 3

Global Chemical Tankers Market: Fleet Material Segment Analysis

  • Stainless Steel
  • Coated

Global Chemical Tankers Market: Fleet Size Segment Analysis

  • Inland Chemical Tankers (1,000-4,999 DWT)
  • Coastal Chemical Tankers (5,000-9,999 DWT) 
  • Deep-Sea Chemical Tankers (10,000-50,000 DWT)

Global Chemical Tankers Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global chemical tankers market, 2015 - 2024 (USD Billion)
    • 2.2. Global chemical tankers market: snapshot
  •  
  • Chapter 3. Chemical Tankers Market- Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global chemical tankers market drivers: impact analysis
      • 3.2.2. The growth of the Chemical Industry
      • 3.2.3. Increasing Demand for Oilseeds/Vegetable Oils & Fats
    • 3.3. Market Restraints
      • 3.3.1. Global chemical tankers market restraints: impact analysis
      • 3.3.2. Slow Growth in Crude Oil Production
    • 3.4. Opportunities
      • 3.4.1. Oversupply in the Chemical Tankers Industry
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by product type segment
      • 3.6.2. Market attractiveness analysis, by fleet type segment
      • 3.6.3. Market attractiveness analysis, by fleet material segment
      • 3.6.4. Market attractiveness analysis, by fleet size segment
      • 3.6.5. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Chemical Tankers Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global chemical tankers market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Chemical Tankers Market- Product Type Segment Analysis
    • 5.1. Global chemical tankers market: product type overview
      • 5.1.1. Global chemical tankers market revenue share, by product type, 2017 and 2024
    • 5.2. Organic Chemicals
      • 5.2.1. Global chemical tankers market for organic chemicals market, 2015 - 2024 (USD Billion)
    • 5.3. Inorganic Chemicals
      • 5.3.1. Global chemical tankers market for inorganic chemicals market, 2015 - 2024 (USD Billion)
    • 5.4. Vegetable Fats & Oils
      • 5.4.1. Global chemical tankers market for vegetable fats & oils market, 2015 - 2024 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global chemical tankers market for others market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Chemical Tankers Market- Fleet Type Segment Analysis
    • 6.1. Global chemical tankers market: fleet type overview
      • 6.1.1. Global chemical tankers market revenue share, by fleet type, 2017 and 2024
    • 6.2. IMO 1
      • 6.2.1. Global chemical tankers market for IMO 1 market, 2015 - 2024 (USD Billion)
    • 6.3. IMO 2
      • 6.3.1. Global chemical tankers market for IMO 2 market, 2015 - 2024 (USD Billion)
    • 6.4. IMO 3
      • 6.4.1. Global chemical tankers market for IMO 3 market, 2015 - 2024 (USD Billion
  •  
  • Chapter 7. Global Chemical Tankers Market- Fleet Material Segment Analysis
    • 7.1. Global chemical tankers market: a fleet material overview
      • 7.1.1. Global chemical tankers market revenue share, by fleet material, 2017 and 2024
    • 7.2. Stainless Steel
      • 7.2.1. Global chemical tankers market for stainless steel, 2015 - 2024 (USD Billion)
    • 7.3. Coated
      • 7.3.1. Global chemical tankers market for coated, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Chemical Tankers Market- Fleet Size Segment Analysis
    • 8.1. Global chemical tankers market: fleet size overview
      • 8.1.1. Global chemical tankers market revenue share, by fleet size, 2017 and 2024
    • 8.2. Inland Chemical Tankers (1,000-4,999 DWT)
      • 8.2.1. Global chemical tankers market for inland chemical tankers (1,000-4,999 DWT), 2015 - 2024 (USD Billion)
    • 8.3. Coastal Chemical Tankers (5,000-9,999 DWT)
      • 8.3.1. Global chemical tankers market for coastal chemical tankers (5,000-9,999 DWT), 2015 - 2024 (USD Billion)
    • 8.4. Deep-Sea Chemical Tankers
      • 8.4.1. Global chemical tankers market for deep-sea chemical tankers, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Global Chemical Tankers Market- Regional Segment Analysis
    • 9.1. Global chemical tankers market: regional overview
      • 9.1.1. Global chemical tankers market revenue share, by region, 2017 and 2024
    • 9.2. North America
      • 9.2.1. North America chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
      • 9.2.2. North America chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
      • 9.2.3. North America chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
      • 9.2.4. North America chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.2.5.2. The U.S. chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.2.5.3. The U.S. chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.2.5.4. The U.S. chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.2.6. Canada
        • 9.2.6.1. Canada chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.2.6.2. Canada chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.2.6.3. Canada chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.2.6.4. Canada chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.2.7. Mexico
        • 9.2.7.1. Mexico chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.2.7.2. Mexico chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.2.7.3. Mexico chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.2.7.4. Mexico chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
    • 9.3. Europe
      • 9.3.1. Europe chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
      • 9.3.2. Europe chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
      • 9.3.3. Europe chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
      • 9.3.4. Europe chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.5. UK
        • 9.3.5.1. UK chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.5.2. UK chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.5.3. UK chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.5.4. UK chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.6. Germany
        • 9.3.6.1. Germany chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.6.2. Germany chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.6.3. Germany chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.6.4. Germany chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.7. France
        • 9.3.7.1. France chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.7.2. France chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.7.3. France chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.7.4. France chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.8. Spain
        • 9.3.8.1. Spain chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.8.2. Spain chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.8.3. Spain chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.8.4. Spain chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.9. Italy
        • 9.3.9.1. Italy chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.9.2. Italy chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.9.3. Italy chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.9.4. Italy chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.3.10. Rest of Europe
        • 9.3.10.1. Rest of Europe chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.3.10.2. Rest of Europe chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.3.10.3. Rest of Europe chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.3.10.4. Rest of Europe chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
      • 9.4.2. Asia Pacific chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
      • 9.4.3. Asia Pacific chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
      • 9.4.4. Asia Pacific chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.5. China
        • 9.4.5.1. China chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.5.2. China chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.5.3. China chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.5.4. China chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.6. Japan
        • 9.4.6.1. Japan chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.6.2. Japan chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.6.3. Japan chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.6.4. Japan chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.7. India
        • 9.4.7.1. India chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.7.2. India chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.7.3. India chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.7.4. India chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.8. Southeast Asia
        • 9.4.8.1. Southeast Asia chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.8.2. Southeast Asia chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.8.3. Southeast Asia chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.8.4. Southeast Asia chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.9. Australia
        • 9.4.9.1. Australia chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.9.2. Australia chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.9.3. Australia chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.9.4. Australia chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.10. South Korea
        • 9.4.10.1. South Korea chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.10.2. South Korea chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.10.3. South Korea chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.10.4. South Korea chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.4.11. Rest of Asia Pacific
        • 9.4.11.1. Rest of Asia Pacific chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.4.11.2. Rest of Asia Pacific chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.4.11.3. Rest of Asia Pacific chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.4.11.4. Rest of Asia Pacific chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
    • 9.5. Latin America
      • 9.5.1. Latin America chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
      • 9.5.2. Latin America chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
      • 9.5.3. Latin America chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
      • 9.5.4. Latin America chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.5.5.2. Brazil chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.5.5.3. Brazil chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.5.5.4. Brazil chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.5.6. Argentina
        • 9.5.6.1. Argentina chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.5.6.2. Argentina chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.5.6.3. Argentina chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.5.6.4. Argentina chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.5.7. Rest of Latin America
        • 9.5.7.1. Rest of Latin America chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.5.7.2. Rest of Latin America chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.5.7.3. Rest of Latin America chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.5.7.4. Rest of Latin America chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion
    • 9.6. The Middle East and Africa
      • 9.6.1. The Middle East and Africa chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
      • 9.6.2. The Middle East and Africa chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
      • 9.6.3. The Middle East and Africa chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
      • 9.6.4. The Middle East and Africa chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.6.5. GCC Countries
        • 9.6.5.1. GCC Countries chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.6.5.2. GCC Countries chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.6.5.3. GCC Countries chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.6.5.4. GCC Countries chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.6.6. South Africa
        • 9.6.6.1. South Africa chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.6.6.2. South Africa chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.6.6.3. South Africa chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.6.6.4. South Africa chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
      • 9.6.7. Rest of Middle East & Africa
        • 9.6.7.1. Rest of the Middle East & Africa chemical tankers market revenue, by product type, 2015 - 2024 (USD Billion)
        • 9.6.7.2. Rest of the Middle East & Africa chemical tankers market revenue, by fleet type, 2015 - 2024 (USD Billion)
        • 9.6.7.3. Rest of the Middle East & Africa chemical tankers market revenue, by fleet material, 2015 - 2024 (USD Billion)
        • 9.6.7.4. Rest of the Middle East & Africa chemical tankers market revenue, by fleet size, 2015 - 2024 (USD Billion)
  •  
  • Chapter 10. Company Profile
    • 10.1. Stolt-Nielsen
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. Navig8
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Bahri
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. MOL Chemical Tankers
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Odfjell
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Nordic Tankers
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. MISC Berhad
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. Wilmar International
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Iino Kaiun Kaisha
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments
    • 10.10. Stena Bulk
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product portfolio
      • 10.10.4. Business strategy
      • 10.10.5. Recent developments

Methodology

Free Analysis

Chemical tankers are cargo ships designed to transport chemicals in bulk. These tankers transport chemicals in different forms. Moreover, these tankers should comply with the International Bulk Chemical Code (IBC Code), which defines these chemical tankers into three types: ST1, ST2, and ST3. ST1 transports dangerous chemicals that are flammable or toxic. ST2 transports chemicals with important preventive measures. ST3 transports chemicals that need a moderate degree of contaminant. These tankers help in maintaining the consistency of chemicals that are to be transported across the world. Moreover, these tankers are coated with specialized substances to determine the chemicals that are to be shipped. 

Growing development in the chemical industry is the major factor driving the growth of the global chemical tankers market. Growing chemical industries leads to large-scale chemicals’ production, which, in turn, contributes to the growing demand for chemical tankers. Moreover, increasing demand for vegetable fats and oils and oilseeds is also anticipated to fuel the expansion of chemical tankers market during the forecast timeframe. In addition, increasing regulations regarding the safe shipment of hazardous chemicals are also contributing to this market growth. Furthermore, the demand for the stainless steel chemical tankers has also increased, as these tankers offer better chemical resistance. However, increasing geopolitical issues and unstable political conditions are hampering the development of chemical tankers market globally.

Global Chemical Tankers Market

On the basis of product type, the chemical tankers market is categorized into organic, inorganic chemicals, vegetable fats and oils, and others. Based on the fleet type, this market is classified into IMO 1, IMO 2, and IMO 3. On the basis of fleet material, this market is bifurcated into coated and stainless steel. Based on fleet size, this market is segmented into deep-sea chemical tankers (10,000-50,000 DWT), inland chemical tankers (1,000-4,999 DWT), and coastal chemical tankers (5,000-9,999 DWT).

On the basis of geography, the Asia Pacific region accounted for the major share in terms of revenue and volume in 2017 in this market. This growth is attributed to the increasing demand for petrochemicals in countries, such as China, India, and Singapore. Additionally, an increase in the number of chemical industries in South Korea and Japan and the rise in the domestic production of chemicals in India are anticipated to positively influence this market growth in the upcoming years. 

Some of the major players operating in the chemical tankers market are Stolt-Nielsen, Navig8, Bahri, MOL Chemical Tankers, Odfjell, Nordic Tankers, MISC Berhad, Wilmar International, Iino Kaiun Kaisha, Stena Bulk, Team Tankers, and Maersk Tankers.

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