CHEMICAL TANKER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The chemical tanker market is estimated to be valued at USD 36.16 Bn in 2024 and, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.The chemical tanker market has been witnessing steady growth over the past few years driven by increasing seaborne trade of chemicals across the globe. Chemical tankers are cargo ships designed to transport chemicals in bulk. They are usually make of stainless steel constructed with separate tanks to prevent the accidental mixing of different product types. The rising global industrial production has boosted the demand for chemicals, which, in turn, has positively impacted the chemical tanker fleet size. Furthermore, strict environmental regulations regarding the transportation of chemicals through alternate modes have augmented the demand from this ship type. However, volatility in raw material prices remains a key challenge for the sustainable growth of the chemical tanker market.

 Market Dynamics:

The global chemical tanker market is primarily driven by robust growth in international seaborne trade of chemicals. Rapid industrialization across emerging economies, such as China, India, and Southeast Asian countries, has substantially increased the demand for petrochemicals, fertilizers, and other industrial chemicals over the years. Meanwhile, stringent emission control regulations imposed on road and air freight have boosted the share of waterborne transportation of chemicals. Furthermore, technological advancements in vessel capacity and construction have enabled the large scale transportation of chemicals via sea at economical rates. However, volatility in raw material prices remains a key challenge for market players due to uncertainty in operating costs.

 Key Features of the Study:

• This report provides an in-depth analysis of the global chemical tanker market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global chemical tanker market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include JO Tankers, IINO KAIUN KAISHA Ltd., Eitzen Chemical, Tokyo Marine Asia Pte Ltd., Berlian Laju Tanker, Nordic Tankers, Seatrans chemical tankers, Navig8 Chemicals, Stolt-Nielsen Ltd, and Odfjell.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global chemical tanker market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chemical tanker market.

Market Segmentation

• Product Type:
  • Organic Chemicals
  • Inorganic Chemicals
  • Vegetable Oils and Fats
• Fleet Type:
  • IMO 1
  • IMO 2
  • IMO 3
• Fleet Size Type:
  • Inland Chemical Tankers (1000-4999 DWT)
  • Coastal Chemical Tankers (5000-9999 DWT)
  • Deep Sea Chemical Tankers (10,000- 50,000 DWT)
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • JO Tankers
  • IINO KAIUN KAISHA Ltd.
  • Eitzen Chemical
  • Tokyo Marine Asia Pte Ltd.
  • Berlian Laju Tanker
  • Nordic Tankers
  • Seatrans chemical tankers
  • Navig8 Chemicals
  • Stolt-Nielsen Ltd
  • Odfjell