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Global Chemical Tanker Market to reach USD 42.64 billion by 2027

Global Chemical Tanker Market Size study, by Product Type (Organic Chemicals, Inorganic Chemicals, Vegetable Oils &Fats and Others), by Fleet Type (IMO Type 1, IMO Type 2 and IMO Type 3), by Fleet Size (Inland, Coastal and Deep Sea), by Fleet Material (Stainless Steel and Coated) and Regional Forecasts 2020-2027

Product Code: ALATL_69995865
Publish Date: 9-11-2020
Page: 200

Global Chemical Tanker Market is valued approximately USD 29.79 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.75 % over the forecast period 2020-2027. The chemical tanker store and transport in bulk of any liquid or chemical which are listed under chapter 17 of the International Bulk Chemical Code. Chemical tankers consist of series of separate cargo tanks that are coated with specialized coatings such as phenolic epoxy or zinc paint, or made from stainless steel. Growing Demand for Oilseeds/Vegetable Oils & Fats are key driving forces of chemical tankers market. The demand for vegetable oil and fats is stimulated by increasing awareness among the masses of health benefits arising from the consumption of vegetable oils and fats. Hence, in order to meet demand for vegetables oil & fats, chemical tankers are used globally to avail bulk of vegetables oil & fats to the customer with efficient protection from contamination. According to the Statista, the global consumption of vegetable oils including (palm oil, soyabean oil, sunflower seed oi, palm kernel oil, peanut oil, cotton seed oil, coconut oil, olive oil and rape seed oil) was 190.91 million metric tons which is expected to increase with 200.27 million metric tons till the end of 2020. Furthermore, growing demand for chemicals in various end use industries is escalating the demand for chemicals, thereby driving the growth of chemical tankers market over the forecast years. According to the Statista, the global chemical industry rose from past 10 years (2009-2019). The chemical industry was at USD 450.30 billion in 2009 and reached to USD 3938.5 billion till 2019. As per European Chemical Industry Council, the global chemicals sale increased with 2.5% from USD 3857.28 billion in 2017 to USD 3952.94 billion in 2018. Whereas, the slow growth in production of crude oil and presence of stringent norms regarding chemical transfer is the major factors hampering the growth of market over the forecast years.

The regional analysis of global Chemical Tanker market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the escalating production of chemicals and surging export of agrochemical and petrochemicals and other strategic initiatives opted by private market players.

Major market player included in this report are:
MOL Chemical Tankers Pte Ltd.
Wilmar international Ltd.
Misc Berhad
Team Tankers International Ltd.
Iino Kaiun Kaisha Ltd
Eastern Pacific Shipping Pte. Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Organic Chemicals
Inorganic Chemicals
Vegetable Oils &Fats

By Fleet Type:
IMO Type 1
IMO Type 2
IMO Type 3

By Fleet Size:
Deep Sea

By Fleet Material:
Stainless Steel

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Chemical Tanker Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Chemical Tanker Market, by Region, 2018-2027 (USD Billion)
1.2.2. Chemical Tanker Market, by Product Type, 2018-2027 (USD Billion)
1.2.3. Chemical Tanker Market, by Fleet Type, 2018-2027 (USD Billion)
1.2.4. Chemical Tanker Market, by Fleet Size, 2018-2027 (USD Billion)
1.2.5. Chemical Tanker Market, by Fleet Material, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chemical Tanker Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chemical Tanker Market Dynamics
3.1. Chemical Tanker Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Chemical Tanker Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Chemical Tanker Market, by Product Type
5.1. Market Snapshot
5.2. Global Chemical Tanker Market by Product Type, Performance – Potential Analysis
5.3. Global Chemical Tanker Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
5.4. Chemical Tanker Market, Sub Segment Analysis
5.4.1. Organic Chemicals
5.4.2. Inorganic Chemicals
5.4.3. Vegetable Oils &Fats
5.4.4. Others
Chapter 6. Global Chemical Tanker Market, by Fleet Type
6.1. Market Snapshot
6.2. Global Chemical Tanker Market by Fleet Type, Performance – Potential Analysis
6.3. Global Chemical Tanker Market Estimates & Forecasts by Fleet Type 2017-2027 (USD Billion)
6.4. Chemical Tanker Market, Sub Segment Analysis
6.4.1. IMO Type 1
6.4.2. IMO Type 2
6.4.3. IMO Type 3
Chapter 7. Global Chemical Tanker Market, by Fleet Size
7.1. Market Snapshot
7.2. Global Chemical Tanker Market by Fleet Size, Performance – Potential Analysis
7.3. Global Chemical Tanker Market Estimates & Forecasts by Fleet Size 2017-2027 (USD Billion)
7.4. Chemical Tanker Market, Sub Segment Analysis
7.4.1. Inland
7.4.2. Coastal
7.4.3. Deep Sea
Chapter 8. Global Chemical Tanker Market, by Fleet Material
8.1. Market Snapshot
8.2. Global Chemical Tanker Market by Fleet Material, Performance – Potential Analysis
8.3. Global Chemical Tanker Market Estimates & Forecasts by Fleet Material 2017-2027 (USD Billion)
8.4. Chemical Tanker Market, Sub Segment Analysis
8.4.1. Stainless Steel
8.4.2. Coated
Chapter 9. Global Chemical Tanker Market, Regional Analysis
9.1. Chemical Tanker Market, Regional Market Snapshot
9.2. North America Chemical Tanker Market U.S. Chemical Tanker Market Product Type breakdown estimates & forecasts, 2017-2027 Fleet Type breakdown estimates & forecasts, 2017-2027 Fleet Size breakdown estimates & forecasts, 2017-2027 Fleet Material breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Chemical Tanker Market
9.3. Europe Chemical Tanker Market Snapshot
9.3.1. U.K. Chemical Tanker Market
9.3.2. Germany Chemical Tanker Market
9.3.3. France Chemical Tanker Market
9.3.4. Spain Chemical Tanker Market
9.3.5. Italy Chemical Tanker Market
9.3.6. Rest of Europe Chemical Tanker Market
9.4. Asia-Pacific Chemical Tanker Market Snapshot
9.4.1. China Chemical Tanker Market
9.4.2. India Chemical Tanker Market
9.4.3. Japan Chemical Tanker Market
9.4.4. Australia Chemical Tanker Market
9.4.5. South Korea Chemical Tanker Market
9.4.6. Rest of Asia Pacific Chemical Tanker Market
9.5. Latin America Chemical Tanker Market Snapshot
9.5.1. Brazil Chemical Tanker Market
9.5.2. Mexico Chemical Tanker Market
9.6. Rest of The World Chemical Tanker Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Bahri Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Stolt-Nielson
10.2.3. Odfjell
10.2.4. Navig8
10.2.5. MOL Chemical Tankers Pte Ltd.
10.2.6. Wilmar international Ltd.
10.2.7. Misc Berhad
10.2.8. Team Tankers International Ltd.
10.2.9. Iino Kaiun Kaisha Ltd
10.2.10. Eastern Pacific Shipping Pte. Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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