The global Chemical Tankers Market accrued earnings worth approximately 29.11 (USD Billion) in 2020 and is predicted to gain revenue of about 40.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.
The global Chemical Tankers Market accrued earnings worth approximately 29.11 (USD Billion) in 2020 and is predicted to gain revenue of about 40.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028. The report offers assessment and analysis of the Chemical Tankers Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Chemical tankers are cargo ships designed for carrying liquid chemicals in bulk. They carry industrial chemicals and pure petroleum items. These include caustic soda, palm oil, methanol, vegetable oils, and tallow. Reportedly, these products transport harmful materials as well as substances that are less hazardous. Moreover, chemical tankers comprise of various kinds of cargo tanks and have specialized coating application such as zinc paint coating. However, some of the cargo tanks are made up of stainless steel material.
Escalating requirement of safe transport of large number of chemicals, harmful products, and food items is predicted to elevate market expansion. Moreover, flourishing chemical sector has favorably impacted demand for water transport along with safe transfer of chemicals from place of production to destination. Apart from this, end-use sectors including food & beverages sector are making use of chemical tankers for transporting fats and vegetable oils. Hence, rise in manufacture of fats as well as vegetable oils are projected to tremendously contribute towards expansion of chemical tankers industry over forecasting timespan.
Report Scope:
Asia Pacific To Make Notable Contributions Towards Regional Market Revenue By 2028
Growth of chemical tankers industry in Asia Pacific over forecast timespan is subject to massive presence of chemical manufacturers in countries such as India, South Korea, Japan, and China. In addition to this, swift demand of chemical tankers in countries such as India will embellish regional market scope. Additionally, humongous popularity of sunflower oil and palm oil in sub-continent will proliferate expansion of chemical tankers in Asia Pacific over forecast timespan.
Key players influencing growth of chemical tankers market and profiled in report 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.
By Product Type
By Fleet Type
By Fleet Material
By Fleet Size
By Region
FrequentlyAsked Questions
Escalating requirement of safe transport of large number of chemicals, harmful products, and food items is predicted to elevate market expansion. Moreover, flourishing chemical sector has favorably impacted demand for water transport along with safe transfer of chemicals from place of production to destination. Apart from this, end-use sectors including food & beverages sector are making use of chemical tankers for transporting fats and vegetable oils. Hence, rise in manufacture of fats as well as vegetable oils are projected to tremendously contribute towards expansion of chemical tankers industry over forecasting timespan.
According to Zion market research report, the global Chemical Tankers Market accrued earnings worth approximately 29.11 (USD Billion) in 2020 and is predicted to gain revenue of about 40.12 (USD Billion) by 2028, is set to record a CAGR of nearly 4.7% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to massive presence of chemical manufacturers in countries such as India, South Korea, Japan, and China. In addition to this, swift demand of chemical tankers in countries such as India will embellish regional market scope. Additionally, humongous popularity of sunflower oil and palm oil in sub-continent will proliferate expansion of chemical tankers in Asia Pacific over forecast timespan.
The key market participants include 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.
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