The Global Chemical Tanker Market size was valued at USD 34400 Million in 2023 and is projected to reach USD 49700 Million by 2030, growing at a CAGR of 4.70% from 2023 to 2030.

 

Chemical tankers are purpose-built ships dedicated to transporting liquid chemicals in bulk. These vessels feature multiple compartments or tanks designed to accommodate various types of chemicals, ranging from industrial compounds to petroleum products and liquefied gases, including hazardous substances. Due to the nature of the cargo they carry, chemical tankers adhere to rigorous safety regulations to ensure the safe transportation of chemicals. The tanks are typically constructed from stainless steel or coated with specialized materials to prevent corrosion and chemical reactions. Additionally, these ships are equipped with sophisticated pumping and piping systems to handle diverse chemical loads and maintain their stability throughout the loading, unloading, and transit processes.

 

Leading players involved in Chemical Tanker Market include:

Stolt-Nielsen Limited (UK), Odfjell SE (Norway), Navig8 Chemical Tankers Inc (US), MOL Chemical Tankers (Japan), Iino Kaiun Kaisha Ltd (Japan), Team Tankers International Ltd (Bermuda), Ardmore Shipping Corporation (Ireland), Nordic Tankers A/S (Denmark), Jo Tankers AS (Norway), Odfjell Tankers AS (Norway), Stena Bulk AB (Sweden), MTMM Group (Singapore), Essberger Tankers (Germany), Bahri Chemicals (Saudi Arabia), Coastal Tankers Pte Ltd (Singapore), MISC Berhad (Malaysia), NCC Group (Japan), Ikarus Petroleum Industries Ltd (Greece), Uni-Tankers A/S (Denmark), Euronav Tankers NV (Belgium) and Other Major Players

 

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Chemical Tanker Market drivers:

The chemical tanker market is primarily driven by the growth of the chemical industry, which necessitates the transportation of various chemical compounds across different locations. This demand is further fueled by increasing global trade of chemicals and stringent safety and environmental regulations governing their transportation. Technological advancements in shipbuilding have also contributed to the growth of the market, enabling the construction of safer and more efficient chemical tankers. Additionally, the rising demand for specialized chemicals and ongoing infrastructure development in ports and maritime logistics further propel market growth.

 

Segmentation of Chemical Tanker Market:

By Material

  • Stainless Steel
  • Coated

 

By Size

  • Inland Chemical Tankers
  • Coastal Chemical Tankers
  • Deep-Sea Chemical Tankers

 

By Product Type

  • Organic Chemicals
  • Inorganic Chemicals
  • Vegetable Oils Fats
  • Others

 

By Tank Type

  • IMO 1
  • IMO 2
  • IMO3

 

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

 

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