The global chemical tanker shipping market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 250,562.6 Mn by 2026.
Chemical tanker shipping refers to the constructed ships for carrying liquid chemicals in bulk. These chemical tankers are required to fulfill safety aspects because many chemicals are flammable and toxic. Additionally, these tankers are required mandatory compliance with the International Bulk Chemical Code (IBC Code). Furthermore, there are various types of chemical tankers available in the shipping industry including inland chemical tankers with a deadweight tonnage (DWT) range from 1,000 to 4,999, coastal chemical tankers with DWT range from 5,000 to 9,999 and deep-sea chemical tankers with DWT range from 10,000 to 50,000. These chemical tankers are used for carrying organic chemicals, inorganic chemical, vegetable oils & fats, and others including additives, lube oils, and molasses. Inland chemical tankers are typically in the form of self-propelled barges. These are commonly used in Europe in the river system to carry the load from large tankers and coastal terminals for transporting them to inland industrial facilities. Coastal chemical tankers are small tankers used to transport chemicals where larger tankers are restricted. In addition, deep-sea tankers are basically ocean-going vessels consists of stainless steel or coated tanks.
Market Dynamics
The increasing demand for chemicals across the global and lower crude oil prices is primarily driving the market growth. Increasing demand for oilseeds or vegetable oils & fats because of rising awareness among the consumers about healthy and hygienic food is accelerating the demand. Along with these, increasing investment for the production of chemicals in the Asia Pacific region is likely to provide potential opportunities over the forecast period.
On the other hand, various oil bunkering regulations and the renegotiation of the North American Free Trade Agreement (NAFTA) are likely to hamper the market growth. Also, increasing geopolitical issues among the countries are expected to hamper the market growth over the forecast period from 2019 to 2026.
By type, Deep-Sea Chemical Tankers segment accounted for the maximum share in the year 2018
Deep-sea chemical tankers segment has accounted for the major share in the chemical tanker shipping market and the segment is also anticipated to maintain its dominance over the forecast period. The increasing chemical trade through deep-sea chemical tankers for the construction & building and automotive manufacturing industries is supporting the segment growth.
In 2018, the organic chemicals segment registered the dominant share of the chemical tanker shipping market
On the basis of application, organic chemicals accounted for the maximum market share and the segment is also expected to maintain its dominance over the forecast period. Organic chemicals have a wide range of applications in food, pharmaceuticals and other industrial products, which is accelerating the segment growth.
The market research study on “Chemical Tanker Shipping Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global chemical tanker shipping market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global chemical tanker shipping market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global chemical tanker shipping market size, and segment markets by product type, application, and geography along with the information on companies operating in the market. The chemical tanker shipping market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of the report.
Asia Pacific dominated the chemical tanker shipping market with maximum share
The Asia Pacific is gaining the potential market share owing to the presence of various top chemical manufacturers in the region including Mitsui Chemicals Inc., Toray Industries Inc., Sumitomo Chemical Co. Ltd., Mitsubishi Chemical Corp., and Chemical Co. Shin-Etsu. Ltd. The increasing government support and investment for the expansion of the oil and gas industry in the region are further fuelling the market growth. In addition, the rising awareness about healthy food products is accelerating the demand for vegetable oil and fats in the region.
The players profiled in the report include Stolt-Nielsen, Odfjell, Sinochem, MOL Chemical Tankers, Hansa Tankers, Iino Kaiun Kaisha, MTMM (Hong Kong) Ltd., Team Tankers, Naviera Ultranav Ltda, Bahri, WOMAR Logistics Pte Ltd, Chembulk Tankers, Ace-Quantum Chemical Tankers, Navig8, and KOYO KAIUN Co., Ltd.
Market Segmentation
Market By Types
- Inland Chemical Tankers (1,000-4,999 DWT)
- Coastal Chemical Tankers (5,000-9,999 DWT)
- Deep-Sea Chemical Tankers (10,000-50,000 DWT)
Market By Application
- Organic Chemicals
- Inorganic Chemical
- Vegetables Oils & Fats
- Others (Additives, Lube Oils, and Molasses)
Market By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Chemical Tanker Shipping
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Chemical Tanker Shipping Market By Types
1.2.2.1. Global Chemical Tanker Shipping Market Revenue and Growth Rate Comparison By Types (2015-2026)
1.2.2.2. Global Chemical Tanker Shipping Market Revenue Share By Types in 2018
1.2.2.3. Inland Chemical Tankers (1,000-4,999 DWT)
1.2.2.4. Coastal Chemical Tankers (5,000-9,999 DWT)
1.2.2.5. Deep-Sea Chemical Tankers (10,000-50,000 DWT)
1.2.3. Chemical Tanker Shipping Market By Application
1.2.3.1. Global Chemical Tanker Shipping Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Chemical Tanker Shipping Market Revenue Share By Application in 2018
1.2.3.3. Organic Chemicals
1.2.3.4. Inorganic Chemical
1.2.3.5. Vegetables Oils & Fats
1.2.3.6. Others (Additives, Lube Oils, and Molasses)
1.2.4. Chemical Tanker Shipping Market By Geography
1.2.4.1. Global Chemical Tanker Shipping Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Chemical Tanker Shipping Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Chemical Tanker Shipping Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Chemical Tanker Shipping Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Chemical Tanker Shipping Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Chemical Tanker Shipping Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Chemical Tanker Shipping Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Chemical Tanker Shipping Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Chemical Tanker Shipping Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Chemical Tanker Shipping Major Manufacturers in 2018
CHAPTER 4. CHEMICAL TANKER SHIPPING MARKET BY TYPES
4.1. Global Chemical Tanker Shipping Revenue By Types
4.2. Inland Chemical Tankers (1,000-4,999 DWT)
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Coastal Chemical Tankers (5,000-9,999 DWT)
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Deep-Sea Chemical Tankers (10,000-50,000 DWT)
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. CHEMICAL TANKER SHIPPING MARKET BY APPLICATION
5.1. Global Chemical Tanker Shipping Revenue By Application
5.2. Organic Chemicals
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Inorganic Chemical
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Vegetables Oils & Fats
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. NORTH AMERICA CHEMICAL TANKER SHIPPING MARKET BY COUNTRY
6.1. North America Chemical Tanker Shipping Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2. North America Chemical Tanker Shipping Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Chemical Tanker Shipping Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 7. EUROPE CHEMICAL TANKER SHIPPING MARKET BY COUNTRY
7.1. Europe Chemical Tanker Shipping Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. Europe Chemical Tanker Shipping Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. ASIA-PACIFIC CHEMICAL TANKER SHIPPING MARKET BY COUNTRY
8.1. Asia-Pacific Chemical Tanker Shipping Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Asia-Pacific Chemical Tanker Shipping Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. LATIN AMERICA CHEMICAL TANKER SHIPPING MARKET BY COUNTRY
9.1. Latin America Chemical Tanker Shipping Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Latin America Chemical Tanker Shipping Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA CHEMICAL TANKER SHIPPING MARKET BY COUNTRY
10.1. Middle East & Africa Chemical Tanker Shipping Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Middle East & Africa Chemical Tanker Shipping Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Types, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Stolt-Nielsen
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Odfjell
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Sinochem
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. MOL Chemical Tankers
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Hansa Tankers
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Iino Kaiun Kaisha
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. MTMM (Hong Kong) Ltd.
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Team Tankers
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Naviera Ultranav Ltda
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Bahri
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. WOMAR Logistics Pte Ltd
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
11.12. Others
11.12.1. Company Snapshot
11.12.2. Overview
11.12.3. Financial Overview
11.12.4. Product Portfolio
11.12.5. Key Developments
11.12.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
