Chemical Tankers Market Insight & Future Assessment for the Period 2019 – 2026

Press Release

Global Chemical Tankers Market is valued approximately USD 29.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2019-2026. Chemical tanker is type of tanker ship or cargo ships that is designed to transport chemicals in bulk quantity. Growth of the Chemical Industry coupled with increasing Demand for Oilseeds/Vegetable Oils & Fats are key driving forces of market growth. Increasing awareness among masses regarding the health benefits resultant from the consumption of vegetable oils & fats is increasing the demand for vegetable oil and fats. For instance, as per Statista, global consumption of palm oil increased from 57.52 million metric tons in 2013/14 to about 69.57 million metric tons in 2018/19. This increasing demand for vegetable oil in increasing the demand for chemical tankers used for shipping vegetables oils and fats. Moreover, increasing Production of Chemicals in emerging economies is expected to create significant growth opportunity in the market over the forecast period. However, slow Growth in Crude Oil Production and oil Bunkering Regulations impedes the growth of the market over the forecast period of 2019-2026.

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The regional analysis of global Chemical Tankers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is estimated to be leading/significant region across the world in terms of market share. Further, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as flourishing chemical industry, increasing demand for vegetable oils & fats, increasing capacities of chemical manufacturers would create lucrative growth prospects for the Chemical Tankers market across Asia-Pacific region.

Major market player included in this report are:
Mol Chemical Tankers Pte. Ltd.
Nordic Tankers A/S
Wilmar International Ltd.
Misc Berhad
Team Tankers International Ltd.
Iino Kaiun Kaisha, 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

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By Fleet size:
Deep Sea

By Fleet material:
Stainless Steel

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Chemical Tankers 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

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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This post was originally published on Trading Herald