Global Chemical Tankers Market Forecasted To Grow At A 4.7% CAGR

As per study of Zion Market Research study, the global Chemical Tankers market size was valued USD 34.82 billion in 2023 and is expected to rise to USD 52.64 billion by 2032 at a CAGR of 4.7%.

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 2024-2032

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 2032

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, 2024–2032.” Report at https://www.zionmarketresearch.com/report/chemical-tankers-market

The global Chemical Tankers Market is segmented as follows:

By Product Type

• Organic Chemicals
• Inorganic Chemical
• Vegetable Fats & Oils

By Fleet Type

• IMO 1
• IMO 2
• IMO 3

By Fleet Material

• STAINLESS STEEL
• Coated

By Fleet Size

• 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)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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