The global chemical tanker shipping market is
anticipated to reach USD 2.50 trillion by 2025, according to a new report by
Grand View Research, Inc. The growing chemical trade on account of increasing
manufacturing activities across the world is projected to augment market
demand. The disparity in regional production and demand trends has triggered
the global trade for chemicals and derivatives.
Organic chemicals such
as acetic acid, alcohols, propene, benzene, salt, benzyl acetate, methanol, formic
acid, and phenol are some of the vital substances shipped through chemical
tankers across the world. The U.S., China, Germany, and Russia are some of the
major exporters of chemicals and are expected to foster the global chemical
trade over the coming years.
The U.S. will probably
grow at a high rate on account of increasing number of fleet owners,
shipbuilders & charterers, availability of raw material, and capital inflow
from multinational companies. The expanding market of Asia Pacific is one the
most significant areas for growth due to the presence of a large number of
small manufacturers in the region.
To request a sample copy or view summary of this report,
click the link below:
http://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market
http://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market
Further key findings from the report suggest:
· The global chemical tanker shipping market
was valued at USD 2.07 trillion in 2016 and is estimated to grow at a growth
rate of 2.1% from 2017 to 2025 to reach a market valuation of USD 2.50 trillion
· Chemical tanker shipping market is
concentrated on account of presence of considerable number of fleet operators
· Competitive freight rates on account of
easy availability of containers through freight forwarders and clearing agents
places higher power in the hands of buyers
· Deep sea chemical tanker shipments
accounted for the most significant share in 2016 and is projected to grow at
the highest CAGR over the coming years on account of extensive international
trade
· IMO III cargo type accounted for the
largest volume share in 2016 due to high shipment of vegetable oils & fats
and other non-volatile chemicals across regions
· Asia Pacific accounted for the most
significant volume share due to presence of major manufacturing counties such
as China and India which have a strong foothold in the chemical industry
· Chemical tanker shipping companies are
expanding their fleets to cater to the growing chemical trade business
globally. New entrants in the market are expected to result in excess supply of
tankers in the industry, thereby reducing charter rates.
· Some of the significant chemical tanker
charters include Navig8 Group, Odfjell SE, Stolt Nielsen, MSC, Stena Bulk, and
Maersk Tankers
Grand View Research has
segmented the global chemical tanker shipping market on the basis of product,
shipment route, cargo type, and region:
Product Outlook (Volume, Kiloton; Revenue, USD Million,
2014 - 2025)
·
Organic chemicals
·
Inorganic chemicals
·
Vegetable oils & fats
·
Others
Shipment Route Outlook (Volume, Kiloton; Revenue, USD
Million, 2014 - 2025)
·
Inland
·
Coastal
·
Deep sea
Cargo Type Outlook (Volume, Kiloton; Revenue, USD
Million, 2014 - 2025)
·
IMO I
·
IMO II
·
IMO III
Regional Outlook (Volume, Kiloton; Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment