Key Highlights
• A cargo ship specifically built to transport chemicals is called a chemical tanker. These tankers move a variety of chemical substances. These chemical tankers are required to adhere to the International Bulk Chemical Code (IBC Code), which categorizes them into three types: ST1, ST2, and ST3. Flammable or poisonous hazardous substances are transported by ST1 tankers. When transferring chemicals in ST2, significant safety measures must be followed. Transporting chemicals with modest emission levels requires ST3 tankers. While being transported around the world, these tankers assist in keeping the consistency of the chemicals constant. The major factor driving the market is the expansion and demna dfrom chemical industry. Large-scale chemical product production as a result of the growth and development of the chemical industry has fuelled an increase in demand for chemical tankers. Furthermore, it is anticipated that the market for chemical tankers will expand due to the rising demand for vegetable and seed oils and oil seeds. Chemical tankers are predicted to drive the global trade through nations like China, Russia, Germany, and the United States, which will expand the chemical tanker industry during the coming years.
• The market size of the worldwide Chemical Tankers market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In November 2017, Odfjell and Sinochem Shipping has entered into an agreement. This agreement enables Odfjell to cater the demand for chemical tankers in Asia Pacific region.
• Global demand for chemical tankers is being driven by the thriving chemical industry and expanding production capabilities of chemical producers. Through the transportation of chemicals and goods related to them, the worldwide chemical tanker market makes exorbitant profits. The variety of chemicals that have been sent in bulk has substantially increased over the last few years, and unique ship types are now frequently utilized to meet demand. Transporting bulk chemicals by sea requires specialized ships built for the purpose, but it also necessitates extraordinary training for the crew members involved in every step of the process, from vessel building and design to loading, storing, discharging, and tank cleaning operations. It is crucial that the crew is aware of the potential risks involved with handling the numerous chemicals that are frequently transported in bulk through carriers due to their complicated features.
Scope of the Industry Profile
Key Players
• Bahri (Saudi Arabia)
• Stolt-Nielsen (UK)
• Odfjell (Norway)
• Navig8 (UK)
• MOL Chemical Tankers (Singapore)
• Nordic Tankers (Denmark)
• Wilmar International (Singapore)
• MISC Berhad (Malaysia)
• Team Tankers (US)
• Iino Kaiun Kaisha (Japan)
Segmentation
By Material Type
• Stainless Steel
• Coated
By Size
• Inland Chemical tanker (1000-4999 DWT)
• Coastal Chemical Tanker (5000-9999 DWT)
• Deep Sea Chemical Tanker (10000-50000 DWT)
By Product
• Organic Chemical
• Inorganic Chemical
• Vegetable Oil & Fats
• Others
By Tank Type
• IMO 1
• IMO 2
• IMO 3
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Chemical Tankers market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Chemical Tankers market.
3. Leading company profiles reveal details of key Chemical Tankers market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Chemical Tankers market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In November 2017, Odfjell and Sinochem Shipping has entered into an agreement. This agreement enables Odfjell to cater the demand for chemical tankers in Asia Pacific region.
Segment Insights
By Material Type
Stainless steel chemical tankers are in high demand due to their vital function in the secure transportation of dangerous and corrosive chemicals. Due to its resistance to corrosion, stainless steel complies with strict rules and industry safety standards by ensuring the integrity of cargo and reducing environmental threats. There is a rising preference for specialist tankers that offer improved protection and dependability as worldwide trade in chemicals grows and safety awareness rises. The requirement for effective and secure chemical logistics across industries is further amplifying this trend, showing a consistent increase in demand for stainless steel chemical tankers to fulfill the changing needs of safe and sustainable transportation.
By Tank Type
The need for IMO 1 chemical tankers is growing as a result of their crucial function in the transportation of valuable, risky, and delicate chemicals. These tankers deliver numerous chemical cargoes safely and securely because they follow the stringent guidelines established by the International Maritime Organization (IMO). Industries dependent on chemicals, such as pharmaceuticals, speciality chemicals, and petrochemicals, are increasingly adopting IMO 1 tankers with an emphasis on reducing environmental hazards and preserving cargo integrity. The industry's dedication to the safe, legal, and effective transportation of specialized chemical products is reflected in the rising demand, which is fueling the growth of the IMO 1 chemical tanker market.
Regional Insights
The Asia-Pacific market accounts for around one-third of global revenue generated by the chemical tanker market. The need for different chemicals has also increased as a result of the GDP growth of rising nations like India, China, and Singapore, which is what is driving this region's chemical tanker market. Due to the shale gas industry's quick growth in this region, North America owns the second-largest share of the global market. The output of chemical products has also started to increase due to the abundant supply and low price of natural gas, and firms are intending to increase their production capacity. Canada and Mexico receive the largest share of the United States' overall chemical production, followed by Belgium and China. The majority of North American producers are looking for ways to access the markets in Asia and Europe, which is lengthening the region's lengthy freight routes. The aforementioned factors are expected to drive the market demand in North America region.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 CHEMICAL TANKERS
MARKET OVERVIEW, BY MATERIAL TYPE
6.1 Global Market Revenue & Share Analysis, By Material Type
6.1.1 Stainless Steel
6.1.2 Coated
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 CHEMICAL TANKERS MARKET OVERVIEW,
BY SIZE
7.1 Global Market Revenue & Share Analysis, By Size
7.1.1 Inland Chemical tanker (1000-4999 DWT)
7.1.2 Coastal Chemical Tanker (5000-9999 DWT)
7.1.3 Deep Sea Chemical Tanker (10000-50000 DWT)
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 CHEMICAL TANKERS MARKET OVERVIEW,
BY PRODUCT
8.1 Global Market Revenue & Share Analysis, By Product
8.1.1 Organic Chemical
8.1.2 Inorganic Chemical
8.1.3 Vegetable Oil & Fats
8.1.4 Others
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 CHEMICAL TANKERS MARKET OVERVIEW,
BY TANK TYPE
9.1 Global Market Revenue & Share Analysis, By Tank Type
9.1.1 IMO 1
9.1.2 IMO 2
9.1.3 IMO 3
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 CHEMICAL TANKERS MARKET OVERVIEW, BY
REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Material
Type
11.2 North America Market Revenue & Share Analysis, By Size
11.3 North America Market Revenue & Share Analysis, By Product
11.4 North America Market Revenue & Share Analysis, By Tank
Type
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Material Type
12.2 Europe Market Revenue & Share Analysis, By Size
12.3 Europe Market Revenue & Share Analysis, By Product
12.4 Europe Market Revenue & Share Analysis, By Tank Type
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Material Type
13.2 APAC Market Revenue & Share Analysis, By Size
13.3 APAC Market Revenue & Share Analysis, By Product
13.4 APAC Market Revenue & Share Analysis, By Tank Type
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Material Type
14.2 MEA Market Revenue & Share Analysis, By Size
14.3 MEA Market Revenue & Share Analysis, By Product
14.4 MEA Market Revenue & Share Analysis, By Tank Type
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Material Type
15.2 SA Market Revenue & Share Analysis, By Size
15.3 SA Market Revenue & Share Analysis, By Product
15.4 SA Market Revenue & Share Analysis, By Tank Type
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Material Type Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Bahri (Saudi Arabia)
17.2.1.1 Business Overview
17.2.1.2 Material Types Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Material Type Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Stolt-Nielsen (UK)
17.2.3 Odfjell (Norway)
17.2.4 Navig8 (UK)
17.2.5 MOL Chemical Tankers (Singapore)
17.2.6 Nordic Tankers (Denmark)
17.2.7 Wilmar International (Singapore)
17.2.8 MISC Berhad (Malaysia)
17.2.9 Team Tankers (US)
17.2.10 Iino Kaiun Kaisha (Japan)
18 DISCLAIMER
19 APPENDIX
