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Chemical Tankers Market by Product Type, Fleet Type, Fleet Material, Fleet Size And Region - Global Forecast to 2022

Chemical Tankers Market: Global Forecast until 2022

  • March 2018
  • 166 pages
  • ID: 5356640
In this report:
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Summary

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In terms of value significance, the chemical tankers market is anticipated to grow at a CAGR (Compound annual growth rate) of 4.50 percent between 2017 and 2022.

The chemical tankers market is forecasted to grow from ~$26.6B in 2017 to ~$33.1B by 2022, at a compound annual growth rate of 4.50 percent between 2017 and 2022. Note: Chemical tankers market includes incomes earned through shipping of chemicals and related products. The flourishing chemical industry and growing use of water transportation for transferring chemicals from one place to another across the globe are the main driving factors for the increase ot the chemical tankers market. The increase of the chemical tankers market is anticipated to be adversely impacted by the political unrest in the Middle East area & Africa area as this area is one of the leading sectors for chemical tankers.

The vegetable oils & fats product type segment of the chemical tankers market is expected to rise at the maximal CAGR, in terms of value importance and quantity, during the outlook period.

Vegetable oils & fats are among the most significant ingredients used in the food market across the world.The continuous growth in the production of vegetable oils & fats to meet their increased demand across the world has led to the rise of the vegetable oils & fats product type segment of the chemical tankers market.

Vegetable oils & fats are getting more popular as they contain a high amount of unsaturated fatty acids than animal fats.

Among fleet types, the IMO 2 segment of the chemical tankers market is presumed to grow at the maximal CAGR (Compound annual growth rate), in terms of value concern and quantity, between 2017 and 2022.

IMO 2 tankers are mostly used to carry vegetable oils & fats from one place to another.They can also carry a wide range of chemicals from strong acids to clean petroleum products.

The versatility of IMO 2 tankers has led to the increase of the IMO 2 fleet type segment of the chemical tankers market across the world.

Among fleet materials, the stainless steel segment of the chemical tankers market is expected to increase at the maximal compound annual growth rate (CAGR), in terms of value significance and quantity during the estimate period.

The industry demand for chemical tankers made from stainless steel is rising across the world as stainless steel affords improved chemical resistance. Also, chemical tankers manufactured from stainless steel are easy to clean, thereby leading to the rise of the stainless steel segment of the chemical tankers market.

The Asia Pacific chemical tankers market is expected to rise at the highest CAGR (Compound annual growth rate), in terms of quantity between 2017 and 2022.

The Asia Pacific chemical tankers market is expected to grow at the highest compound annual growth rate (CAGR), in terms of value importance and quantity during the outlook period.The increase of the chemical tankers market in the area can be accredited to the flourishing manufacturing sector in countries including China (CN), India (IN), Japan (JP), and South Korea of the area.

The expanding chemical production facilities in these countries have led to increased demand for chemical tankers to ship different types of chemicals from the region to other parts of the world. Furthermore, the raised demand for palm oil and sunflower oil from the territory is also fueling the rise of the Asia Pacific chemical tankers market.

Extensive primary audit sessions have been conducted to determine and verify the size of different segments and subsegments of the chemical tankers market and info collected by secondary research.

The break-up of primary interviews has been provided below:

• By Company category - Tier 1 - 25.0 percent, Tier 2 - 32.0 percent, and Tier 3 - 43.0 percent

• By Description - C-suite - 23.0 percent, D-suite - 30.0 percent, and Others - 47.0 percent

• By Area - Asia Pacific (APAC) - 42.0 percent, Europe (EU) - 25.0 percent, North America continent - 20.0 percent, South America region - 9.0 percent, and the Middle East (ME) & African continent - 4.0 percent

Note: The tiers of the firms are defined based on their full revenue in 2016. Tier n1: revenue =>USD 500 million, Tier 2: revenue between $100.0M and $500.0M, and Tier 3: revenue =

*Others contain sales managers, marketing managers, and product managers.

The firms decribed in this research report contain Bahri, Stolt-Nielsen, Odfjell, Navig8, MOL Chemical Tankers, Nordic Tankers, Wilmar International, MISC Berhad, Team Tankers, and Iino Kaiun Kaisha.

Segment Research

This market research classifies the chemical tankers market established on product class, fleet type, fleet size, fleet material, and area.The study includes exhaustive information concerning the main Elements such as drivers, industry restraints, opportunities, and possibilities influencing the increase of the chemical tankers market.

An in-depth study of the main industry actors has been done to furnish business insights into their business overviews, services & products provided by them, top strategies approved by them, and recent evolutions undertaken by them in the chemical tankers market.

Reasons to Buy the Report

The analysis is expected to benefit competitors/new sector entrants in this sector in these ways:

1. This report comprehensively segments the chemical tankers market and offers the closest approximations of market sizes for the global market and its sub-segments across several verticals and localities.

2. The market research is expected to benefit the partners distinguish the pulse of the chemical tankers market and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report is expected to benefit the partners comprehend the top players in the chemical tankers market and gain insights to improve the position of their businesses. The competitive outlook section includes business developments, joint ventures (JV), acquisitions, and strategic agreements.

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