Chemical Tanker Market

Chemical Tanker Market Analysis by Organic Chemicals, Inorganic Chemicals, and Vegetable Oils & Fats from 2023 to 2033

Analysis of Chemical Tanker Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Chemical Tanker Market Growth Outlook for 2023 to 2033

The global chemical tanker market is valued at US$ 15 billion in 2023 and is predicted to reach a market size of US$ 31 billion by the end of 2033. The market is forecasted to increase at a CAGR of 7.5% from 2023 to 2033.

  • Worldwide demand for organic chemicals is expected to rise faster at a CAGR of 8% over the next ten years. The segment already enjoys a leading market share of 60%.
  • Growing need for medicines, food & drinks, water treatment, personal care products, and cosmetics is driving up the demand for organic chemicals.

A cargo ship specifically constructed for the transportation of chemicals is known as a "chemical tanker." Several kinds of chemicals are transported by these tankers. Since chemicals are being transported throughout the world, chemical tankers assist in maintaining their consistency. The primary driver propelling market expansion is the ongoing development of the chemical industry.

The variety of chemicals that are now transported in bulk has greatly expanded, and specialist ships have been created to satisfy the needs of chemical tankers. Bulk chemical transportation by water necessitates not only specialist ships and equipment but also specialized crew training that includes both theoretical and practical components to fully grasp the peculiarities of the various chemicals.

Several cargo ships exist that are designed specifically to transport chemicals across the oceans. The global market for chemical tankers is expanding as a result of the expanding usage of chemicals across several end-use sectors. Increasing overall seaborne trade and a rising overall fleet of key operators are boosting market value. An increase in chemical production industries and growing demand for industrial-grade chemicals around the world are some of the main reasons for the development of the market.

The development of shale gas is one of the key variables that has had a positive impact on the growth of the market. Organic chemicals such as alcohol, propene, acetic acid, benzene, benzyl acetate, methanol, and phenol are some of the essential chemicals that are being shipped through chemical tankers all around the world.

Increasing rules and regulations relating to safe delivery, expanding industrial activities, rising consumer concerns about wholesome and hygienic products, expanding trade operations, and the low price of crude oil are other variables that are projected to fuel the development.

Report Attributes

Details

Chemical Tanker Market Size in 2023

US$ 15 Billion

Projected Market Value (2033)

US$ 31 Billion

Global Market Growth Rate (2023 to 2033)

7.5% CAGR

Market Share of Organic Chemicals (2023)

60%

Key Companies Profiled

  • Odfjell
  • Stolt-Nielsen Limited
  • Navig8 Limited
  • Team Tankers
  • Maersk Tankers
  • JO Tankers
  • Eitzen Chemical
  • Berlian Laju Tanker
  • Seatrans Chemical Tankers
  • Lomar Shipping

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Which are the Key Aspects Generating Novel Growth Opportunities for Chemical Tanker Manufacturers?

“Rapid Integration of Software-based Control Systems”

Digitalization in the marine industry is having a significant influence on chemical tankers. Software-based control systems that are linked to land via fast satellite communications are becoming increasingly important for ships.

Transportation businesses are creating advanced technological solutions to facilitate the delivery of chemical tankers globally. Innovative capacity additions in the industry, which will also be used for exports, are expected to boost the global demand for chemical tankers during the forecast period. The market for chemical tankers is also expanding as a result of increased regulations aimed at ensuring the safe transport of hazardous chemicals.

Large-scale chemical production is a result of the growing chemical industry. The market will subsequently benefit from these prospects throughout the forecast period. Chemical tanker companies are attempting to modernize with more giant and advanced tankers to offset unsafe and ineffective functioning.

Modifying products to meet a specific application is the newest trend in the chemical tanker shipping sector. Businesses are integrating digitally linked processes, focusing on organizational performance, diversifying their supplier sources, and keeping costs under control to explore development potential in the market.

“Increasing Need for Secure Transportation of Various Chemical Products”

There has been more research and development in the global market for chemical tankers as a result of the increasing attention on market-driving factors. The field of chemical tankers has improved with the development of industry best practice guidelines, which verify the safety of everyone involved in the shipping process. As a result, there have been notable improvements in the global market for specialized ships built, modified, or designed specifically for the purpose.

Shippers are choosing more fuel-efficient vessels, including chemical tankers, as a result of strict environmental restrictions governing emissions from ships, which is propelling market expansion. The primary factor driving market growth is the increasing need for secure transportation of various chemical goods. Moreover, development in the chemical sector is anticipated to support product demand.

The need for chemical tankers may be fueled by new developments in existing products. Future product demand may be increased by government initiatives and policies that highlight the advantages of employing chemical tankers to carry goods. Worldwide demand for chemical tankers is driven by the expanding capacities of chemical factories and the booming chemical industry. Increasing demand for vegetable oils is boosting market expansion.

How is Industry Growth Being Restrained to Some Extent?

“Lack of Experienced Professionals”

The market for chemical tankers is being hampered by fewer fleet additions and the projected scrapping of older ships. The market is restricted by a lack of experienced professionals and severe rules. Large capital investments and high public risk are expected to hamper market expansion over the projection period.

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How Can Start-ups Strengthen Their Market Position?

“New Market Players Should Focus on Implementation of AI-based Devices”

Technological advancements are shaping the chemical tanker market. New companies are making investments in the creation of chemical tankers to improve the lives of their consumers by making them more accessible, convenient, and affordable.

New entrants should concentrate on using artificial intelligence (AI) in chemical tankers to improve operational effectiveness, improve route planning, and lower fuel consumption. Chemical tanker operators can monitor cargo conditions and spot any irregularities with the use of AI-powered devices. Emerging market players can analyze the whole chemical unloading process and spot unusual events before human error leads to accidents by using AI-enabled machine vision systems in chemical tankers.

Chemical tanker market size, demand, growth and sales forecast report by Fact.MR

Which Region is Dominating the Global Chemical Tanker Market?

“Rapid Increase in Shipbuilders and Fleet Owners in North America”

  • North America accounts for 50% share of the global market in 2023.

North America is expected to attract new competitors to the market due to the rapid growth in the shale gas industry. The region is expected to have a positive impact on the production of ethylene, which is also expected to boost the supply of organic chemicals worldwide. An increase in shipbuilders and fleet owners and rising demand for cosmetic chemicals are driving market growth in the region.

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Country-wise Insights

What is Attracting Chemical Tanker Providers to the United States?

“Rapid Expansion of Petrochemical Industry in the Country”

The market in the United States is anticipated to experience significant expansion over the projection period due to less stringent safety standards and the booming petrochemical industry. The market in the United States is likely to develop at a high pace owing to the wide availability of raw materials and increasing demand for barge transportation facilities.

Why are the Sales of Chemical Tankers Expected to Surge in Germany?

“Increasing Investments in Construction of Sea Transportation Infrastructure”

Germany is one of the main exporters of chemicals and is anticipated to promote global trade through chemical tankers, which will give the chemical tanker market an impetus over the coming years. Market expansion in Germany is attributed to increasing investments in the construction of sea transportation infrastructure.

Why is Japan Seeing High Demand for Chemical Tankers?

“Noticeable Rise in Refinery Expansion Projects”

Market growth in Japan is driven by surging demand for different hazardous liquefied substances. A rise in refinery expansion projects is anticipated to be the primary driver of market expansion. The need for chemical tankers in the country is increasing as a result of several factors, including the expanding population and improving living standards, which have increased consumer spending on household products such as paints & coatings.

Category-wise Insights

Which Type of Chemical Tanker is Spearheading Market Expansion?

“Organic Chemicals Gaining Traction Due to Their Potential Industrial Applications”

By type, the market is segmented into organic chemicals, inorganic chemicals, and vegetable oils & fats.

  • Organic chemicals account for 60% share of the global market in 2023.

Organic chemicals are gaining traction due to their potential industrial applications. Natural gas and oil are two sources of hydrocarbons that are used to make organic chemicals. They are widely employed as raw ingredients in the production of other chemicals or for the creation of products, including rubber, plastic, fiber, and insecticides. The production of organic chemicals has been sparked by the shale gas boom, with ethylene serving as the primary feedstock.

Why are IMO 1 Tankers Highly Demanded?

“IMO 1 Tankers Widely Used to Transport High-end Products”

The market is classified into IMO 1, IMO 2, and IMO 3 based on the grade. IMO 1 tankers are generally used in the transportation of products such as crude oil. IMO 1 tankers are designed specifically to transport high-end goods.

IMO 1 tankers are designed to convey products that pose serious risks to safety and the environment. Preventative steps must be taken before transporting these items. Because of the unique method for transporting these items, the need for IMO 1 tankers is predicted to rise with technological advancements.

Competitive Landscape

Leading companies are implementing tactics, including product standards, collaborations, pricing trends, quality control, and supply chain management, to increase their share in the market for chemical tankers. Due to strict rules, top industry players are introducing novel techniques while following safety regulations to reduce the environmental impact.

Key market participants are also emphasizing safe transportation practices and quality management. They are focusing on research and development efforts to meet the growing demand for chemical tankers used for shipping chemicals and chemical goods.

  • Eastern Pacific bought thirteen 19,000 DWT stainless steel chemical tankers from the BW Group. These chemical tankers will be operated by Ace Quantum, which will manage the large fleet of stainless steel ships of this size in the future with a total of 33 chemical tankers in the water.
  • In 2020, Odfjell, a Norwegian shipping business, introduced a new tanker in partnership with Navigo Tankers.

Key Segments of Chemical Tanker Industry Research

  • By Type :

    • Organic Chemicals
    • Inorganic Chemicals
    • Vegetable Oils & Fats
  • By Material :

    • Stainless Steel
    • Epoxy
    • Others
  • By Grade :

    • IMO 1
    • IMO 2
    • IMO 3
  • By Tanker Capacity :

    • Less Than 10,000 DWT
    • 10,000 to 19,999 DWT
    • More Than 20,000 DWT
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Table of Content

1. Global Market - Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Key Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Opportunity Assessment

    1.5. Fact.MR Analysis and Recommendations

2. Global Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Mega Trends

4. Market Background

    4.1. Global Shipping Fleet Statistics

        4.1.1. Ownership of World Shipping Fleet by Units, 2022

            4.1.1.1. National Flag

            4.1.1.2. Foreign or International Flag

        4.1.2. Ownership of World Shipping Fleet by DWT, 2022

            4.1.2.1. National Flag

            4.1.2.2. Foreign or International Flag

        4.1.3. Average Ratio of Fleet (in Units/DWT) by Ownership, 2022

    4.2. Global Product Life Cycle Analysis by Country of Build

    4.3. Global Product Life Cycle Analysis by Capacity

    4.4. Global Delivered till 2022 by Capacity

    4.5. Global Demand Analysis by Grade Type, 2022

        4.5.1. IMO 1

        4.5.2. IMO 2

        4.5.3. IMO 3

    4.6. Global Sea-borne Trade Growth Outlook

        4.6.1. Global Sea-Borne Trade Influential Factors

        4.6.2. Economic Growth and Seaborne Trade

        4.6.3. Key Developments in the Global Sea Trade Market

        4.6.4. Financial unstability among shipping companies and Consolidations

    4.7. Global Chemical Industry Overview

    4.8. Chemical Industry Trade Analysis by Prominent Countries, 2022

        4.8.1. Global Chemical Industry Import & Export Analysis (in US$ Bn) by Prominent Countries, 2022

        4.8.2. Global Chemical Industry Import & Export Analysis (in US$ Bn) by Chemical Type, 2022

        4.8.3. List of Key Importing Countries

        4.8.4. List of Key Exporting Countries

    4.9. Recent Industry Developments

        4.9.1. New Chemical Taker Building Orders

        4.9.2. Acquisition & Mergers

        4.9.3. Expansions

        4.9.4. Other Notable Developments

    4.10. Macro-Economic Indicators - Relevance & Impact

        4.10.1. Global GDP Growth Outlook

        4.10.2. Global Chemical Industry Growth Outlook

        4.10.3. Chemical Sector GVA

        4.10.4. Global Sea-borne Trade Growth Outlook

        4.10.5. Marine Infrastructure Investment

        4.10.6. Other Indicators

    4.11. Forecast Factors - Relevance & Impact

        4.11.1. Global Tanker Industry Growth Outlook

        4.11.2. Global Chemical Taker Fleet Outlook

        4.11.3. Life Span

        4.11.4. Demolition Rate

        4.11.5. Promotional Strategies By Key Competitors

        4.11.6. Top 10 Players Historical Growth Rate

        4.11.7. Other Factors

    4.12. Value Chain Analysis

        4.12.1. List of Key Market Participants

        4.12.2. List of Key Channel Partners

        4.12.3. Profitability Margins

    4.13. Market Dynamics

        4.13.1. Drivers

        4.13.2. Industry Challenges

5. Global Market Analysis 2018-2033

    5.1. Global Market Analysis & Forecast by Region, 2018-2033

    5.2. Global Fleet (Units) by Country of Build, 2022

    5.3. Global Fleet (Units) by Key Operators, 2022

    5.4. Global Fleet (Units) Analysis & Forecast by Capacity, 2018-2033

    5.5. Global Fleet (DWT) Analysis & Forecast by Capacity, 2018-2033

    5.6. Global Demolitions (Units) by Capacity, 2022

    5.7. Global Demolitions (DWT) by Capacity, 2022

    5.8. Trading Fleet by Shipyard

6. Global Market Size (US$ Mn) & Volume (Units) and Forecast

    6.1. Historical Market Value (US$ Mn) & Volume (Units) Analysis, 2018-2022

    6.2. Current and Future Market Value (US$ Mn) & Volume (Units) Projections, 2023-2033

    6.3. Y-o-Y Growth Trend Analysis

    6.4. Cost Structure Analysis

    6.5. Regional Pricing Analysis by Tanker Capacity, 2022

    6.6. Factors Influencing Pricing

7. Global Market Analysis and Forecast 2018-2033

    7.1. Global Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        7.1.1. Less than 10,000 dwt

        7.1.2. 10,000 - 19,999 dwt

        7.1.3. More Than 20,000 dwt

    7.2. Global Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        7.2.1. Stainless Steel

        7.2.2. Epoxy

        7.2.3. Others

    7.3. Global Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        7.3.1. Organic Chemicals

        7.3.2. Inorganic Chemicals

        7.3.3. Vegetable Oils & Fats

    7.4. Global Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Region

        7.4.1. North America

        7.4.2. Latin America

        7.4.3. Europe

        7.4.4. APAC

        7.4.5. Middle East & Africa

8. North America Market Analysis and Forecast 2018-2033

    8.1. North America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Country

        8.1.1. US

        8.1.2. Canada

    8.2. North America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        8.2.1. Less than 10,000 dwt

        8.2.2. 10,000 - 19,999 dwt

        8.2.3. More Than 20,000 dwt

    8.3. North America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        8.3.1. Stainless Steel

        8.3.2. Epoxy

        8.3.3. Others

    8.4. North America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        8.4.1. Organic Chemicals

        8.4.2. Inorganic Chemicals

        8.4.3. Vegetable Oils & Fats

9. Latin America Market Analysis and Forecast 2018-2033

    9.1. Latin America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Rest of Latin America

    9.2. Latin America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        9.2.1. Less than 10,000 dwt

        9.2.2. 10,000 - 19,999 dwt

        9.2.3. More Than 20,000 dwt

    9.3. Latin America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        9.3.1. Stainless Steel

        9.3.2. Epoxy

        9.3.3. Others

    9.4. Latin America Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        9.4.1. Organic Chemicals

        9.4.2. Inorganic Chemicals

        9.4.3. Vegetable Oils & Fats

10. Europe Market Analysis and Forecast 2018-2033

    10.1. Europe Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Country

        10.1.1. EU-5

        10.1.2. Benelux

        10.1.3. Nordics

        10.1.4. Eastern Europe

        10.1.5. Rest of Europe

    10.2. Europe Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        10.2.1. Less than 10,000 dwt

        10.2.2. 10,000 - 19,999 dwt

        10.2.3. More Than 20,000 dwt

    10.3. Europe Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        10.3.1. Stainless Steel

        10.3.2. Epoxy

        10.3.3. Others

    10.4. Europe Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        10.4.1. Organic Chemicals

        10.4.2. Inorganic Chemicals

        10.4.3. Vegetable Oils & Fats

11. APAC Market Analysis and Forecast 2018-2033

    11.1. APAC Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Country

        11.1.1. China

        11.1.2. Japan

        11.1.3. India

        11.1.4. South Korea

        11.1.5. Singapore

        11.1.6. Rest of APAC

    11.2. APAC Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        11.2.1. Less than 10,000 dwt

        11.2.2. 10,000 - 19,999 dwt

        11.2.3. More Than 20,000 dwt

    11.3. APAC Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        11.3.1. Stainless Steel

        11.3.2. Epoxy

        11.3.3. Others

    11.4. APAC Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        11.4.1. Chemicals

        11.4.2. Vegetable Oils & Fats

        11.4.3. Others

12. Middle East & Africa Market Analysis and Forecast 2018-2033

    12.1. Middle East & Africa Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Country

        12.1.1. GCC Countries

        12.1.2. Turkey

        12.1.3. Israel

        12.1.4. Rest of Middle East & Africa

    12.2. Middle East & Africa Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Tanker Capacity

        12.2.1. Less than 10,000 dwt

        12.2.2. 10,000 - 19,999 dwt

        12.2.3. More Than 20,000 dwt

    12.3. Middle East & Africa Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Material Type

        12.3.1. Stainless Steel

        12.3.2. Epoxy

        12.3.3. Others

    12.4. Middle East & Africa Market Value & Volume Analysis 2018-2022 and Forecast 2023-2033, by Type

        12.4.1. Chemicals

        12.4.2. Vegetable Oils & Fats

        12.4.3. Others

13. Competitive Assessment

    13.1. Global Market Structure

    13.2. Global Competitor Market Footprint Matrix

    13.3. Global Market Competition - a Dashboard View

    13.4. Global Market Company Share Analysis

    13.5. Key Participants Market Presence (Intensity Mapping) by Region

14. Company Profiles (Prominent Operators)

    14.1. Stolt-Nielsen Limited

        14.1.1. Company Overview

        14.1.2. Competition Standpoint

        14.1.3. Product Overview

        14.1.4. Key Financials

        14.1.5. Analyst Comments

    14.2. Odfjell SE

        14.2.1. Company Overview

        14.2.2. Competition Standpoint

        14.2.3. Product Overview

        14.2.4. Key Financials

        14.2.5. Analyst Comments

    14.3. Nordic Tankers A/S

        14.3.1. Company Overview

        14.3.2. Competition Standpoint

        14.3.3. Product Overview

        14.3.4. Key Financials

        14.3.5. Analyst Comments

    14.4. Navig8 Group

        14.4.1. Company Overview

        14.4.2. Competition Standpoint

        14.4.3. Product Overview

        14.4.4. Key Financials

        14.4.5. Analyst Comments

    14.5. MOL Chemical Tankers Ltd.

        14.5.1. Company Overview

        14.5.2. Competition Standpoint

        14.5.3. Product Overview

        14.5.4. Key Financials

        14.5.5. Analyst Comments

    14.6. Team Tankers International Ltd.

        14.6.1. Company Overview

        14.6.2. Competition Standpoint

        14.6.3. Product Overview

        14.6.4. Key Financials

        14.6.5. Analyst Comments

    14.7. Bahri (National Shipping Company of Saudi Arabia)

        14.7.1. Company Overview

        14.7.2. Competition Standpoint

        14.7.3. Product Overview

        14.7.4. Key Financials

        14.7.5. Analyst Comments

    14.8. Hansa Tankers

        14.8.1. Company Overview

        14.8.2. Competition Standpoint

        14.8.3. Product Overview

        14.8.4. Key Financials

        14.8.5. Analyst Comments

    14.9. Iino Kaiun Kaisha, Ltd.

        14.9.1. Company Overview

        14.9.2. Competition Standpoint

        14.9.3. Product Overview

        14.9.4. Key Financials

        14.9.5. Analyst Comments

    14.10. Chembulk Tankers

        14.10.1. Company Overview

        14.10.2. Competition Standpoint

        14.10.3. Product Overview

        14.10.4. Key Financials

        14.10.5. Analyst Comments

    14.11. Sinochem Group

        14.11.1. Company Overview

        14.11.2. Competition Standpoint

        14.11.3. Product Overview

        14.11.4. Key Financials

        14.11.5. Analyst Comments

    14.12. Ace Tankers

        14.12.1. Company Overview

        14.12.2. Competition Standpoint

        14.12.3. Product Overview

        14.12.4. Key Financials

        14.12.5. Analyst Comments

    14.13. IMC Tankers

        14.13.1. Company Overview

        14.13.2. Competition Standpoint

        14.13.3. Product Overview

        14.13.4. Key Financials

        14.13.5. Analyst Comments

15. Disclaimer & Contact Information

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List Of Table

TABLE 01: Global Market Value (US$ Mn) & Volume, 2018-2022

TABLE 02: Global Market Value (US$ Mn) & Volume, 2023-2033

TABLE 03: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2018-2033

TABLE 04: Global Less than 10,000 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 05: Global Less than 10,000 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 06: Global Less than 10,000 dwt Segment Market Share, By Region 2018-2022

TABLE 07: Global Less than 10,000 dwt Segment Market Share, By Region 2023-2033

TABLE 08: Global Less than 10,000 dwt Segment Y-o-Y, By Region 2018-2033

TABLE 09: Global 10,000 - 19,999 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 10: Global 10,000 - 19,999 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 11: Global 10,000 - 19,999 dwt Segment Market Share, By Region 2018-2022

TABLE 12: Global 10,000 - 19,999 dwt Segment Market Share, By Region 2023-2033

TABLE 13: Global 10,000 - 19,999 dwt Segment Y-o-Y, By Region 2018-2033

TABLE 14: Global More Than 20,000 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 15: Global More Than 20,000 dwt Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 16: Global More Than 20,000 dwt Segment Market Share, By Region 2018-2022

TABLE 17: Global More Than 20,000 dwt Segment Market Share, By Region 2023-2033

TABLE 18: Global More Than 20,000 dwt Segment Y-o-Y, By Region 2018-2033

TABLE 19: Global Stainless Steel Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 20: Global Stainless Steel Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 21: Global Stainless Steel Segment Market Share, By Region 2018-2022

TABLE 22: Global Stainless Steel Segment Market Share, By Region 2023-2033

TABLE 23: Global Stainless Steel Segment Y-o-Y, By Region 2018-2033

TABLE 24: Global Epoxy Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 25: Global Epoxy Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 26: Global Epoxy Segment Market Share, By Region 2018-2022

TABLE 27: Global Epoxy Segment Market Share, By Region 2023-2033

TABLE 28: Global Epoxy Segment Y-o-Y, By Region 2018-2033

TABLE 29: Global Others Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 30: Global Others Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 31: Global Others Segment Market Share, By Region 2018-2022

TABLE 32: Global Others Segment Market Share, By Region 2023-2033

TABLE 33: Global Others Segment Y-o-Y, By Region 2018-2033

TABLE 34: Global Organic Chemicals Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 35: Global Organic Chemicals Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 36: Global Organic Chemicals Segment Market Share, By Region 2018-2022

TABLE 37: Global Organic Chemicals Segment Market Share, By Region 2023-2033

TABLE 38: Global Organic Chemicals Segment Y-o-Y, By Region 2018-2033

TABLE 39: Global Inorganic Chemicals Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 40: Global Inorganic Chemicals Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 41: Global Inorganic Chemicals Segment Market Share, By Region 2018-2022

TABLE 42: Global Inorganic Chemicals Segment Market Share, By Region 2023-2033

TABLE 43: Global Inorganic Chemicals Segment Y-o-Y, By Region 2018-2033

TABLE 44: Global Vegetable Oils & Fats Segment Value (US$ Mn) & Volume (Units), By Region 2018-2022

TABLE 45: Global Vegetable Oils & Fats Segment Value (US$ Mn) & Volume (Units), By Region 2023-2033

TABLE 46: Global Vegetable Oils & Fats Segment Market Share, By Region 2018-2022

TABLE 47: Global Vegetable Oils & Fats Segment Market Share, By Region 2023-2033

TABLE 48: Global Vegetable Oils & Fats Segment Y-o-Y, By Region 2018-2033

TABLE 49: North America Market Value (US$ Mn) & Volume (Units), By Country 2018-2022

TABLE 50: North America Market Value (US$ Mn) & Volume (Units), By Country 2023-2033

TABLE 51: North America Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2018-2022

TABLE 52: North America Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2023-2033

TABLE 53: North America Market Value (US$ Mn) & Volume (Units), By Material Type 2018-2022

TABLE 54: North America Market Value (US$ Mn) & Volume (Units), By Material Type 2023-2033

TABLE 55: North America Market Value (US$ Mn) & Volume (Units), By Chemical Type 2018-2022

TABLE 56: North America Market Value (US$ Mn) & Volume (Units), By Chemical Type 2023-2033

TABLE 57: Latin America Market Value (US$ Mn) & Volume (Units), By Country 2018-2022

TABLE 58: Latin America Market Value (US$ Mn) & Volume (Units), By Country 2023-2033

TABLE 59: Latin America Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2018-2022

TABLE 60: Latin America Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2023-2033

TABLE 61: Latin America Market Value (US$ Mn) & Volume (Units), By Material Type 2018-2022

TABLE 62: Latin America Market Value (US$ Mn) & Volume (Units), By Material Type 2023-2033

TABLE 63: Latin America Market Value (US$ Mn) & Volume (Units), By Chemical Type 2018-2022

TABLE 64: Latin America Market Value (US$ Mn) & Volume (Units), By Chemical Type 2023-2033

TABLE 65: Europe Market Value (US$ Mn) & Volume (Units), By Country 2018-2022

TABLE 66: Europe Market Value (US$ Mn) & Volume (Units), By Country 2023-2033

TABLE 67: Europe Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2018-2022

TABLE 68: Europe Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2023-2033

TABLE 69: Europe Market Value (US$ Mn) & Volume (Units), By Material Type 2018-2022

TABLE 70: Europe Market Value (US$ Mn) & Volume (Units), By Material Type 2023-2033

TABLE 71: Europe Market Value (US$ Mn) & Volume (Units), By Chemical Type 2018-2022

TABLE 72: Europe Market Value (US$ Mn) & Volume (Units), By Chemical Type 2023-2033

TABLE 73: APAC Market Value (US$ Mn) & Volume (Units), By Country 2018-2022

TABLE 74: APAC Market Value (US$ Mn) & Volume (Units), By Country 2023-2033

TABLE 75: APAC Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2018-2022

TABLE 76: APAC Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2023-2033

TABLE 77: APAC Market Value (US$ Mn) & Volume (Units), By Material Type 2018-2022

TABLE 78: APAC Market Value (US$ Mn) & Volume (Units), By Material Type 2023-2033

TABLE 79: APAC Market Value (US$ Mn) & Volume (Units), By Chemical Type 2018-2022

TABLE 80: APAC Market Value (US$ Mn) & Volume (Units), By Chemical Type 2023-2033

TABLE 81: MEA Market Value (US$ Mn) & Volume (Units), By Country 2018-2022

TABLE 82: MEA Market Value (US$ Mn) & Volume (Units), By Country 2023-2033

TABLE 83: MEA Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2018-2022

TABLE 84: MEA Market Value (US$ Mn) & Volume (Units), By Tanker Capacity 2023-2033

TABLE 85: MEA Market Value (US$ Mn) & Volume (Units), By Material Type 2018-2022

TABLE 86: MEA Market Value (US$ Mn) & Volume (Units), By Material Type 2023-2033

TABLE 87: MEA Market Value (US$ Mn) & Volume (Units), By Chemical Type 2018-2022

TABLE 88: MEA Market Value (US$ Mn) & Volume (Units), By Chemical Type 2023-2033

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List Of Figures

FIG. 01: Global Market Value (US$ Mn), 2018-2022

FIG. 02: Global Market Value (US$ Mn) Forecast, 2023-2033

FIG. 03: Global Market Value (US$ Mn) and Y-o-Y, 2018-2033

FIG. 04: Global Less than 10,000 dwt Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 05: Global Less than 10,000 dwt Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 06: Global Less than 10,000 dwt Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 07: Global 10,000 - 19,999 dwt Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 08: Global 10,000 - 19,999 dwt Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 09: Global 10,000 - 19,999 dwt Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 10: Global More Than 20,000 dwt Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 11: Global More Than 20,000 dwt Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 12: Global More Than 20,000 dwt Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 13: Global Stainless Steel Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 14: Global Stainless Steel Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 15: Global Stainless Steel Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 16: Global Epoxy Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 17: Global Epoxy Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 18: Global Epoxy Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 19: Global Others Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 20: Global Others Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 21: Global Others Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 22: Global Organic Chemicals Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 23: Global Organic Chemicals Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 24: Global Organic Chemicals Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 25: Global Inorganic Chemicals Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 26: Global Inorganic Chemicals Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 27: Global Inorganic Chemicals Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 28: Global Vegetable Oils & Fats Segment Market Value (US$ Mn) By Region, 2018-2022

FIG. 29: Global Vegetable Oils & Fats Segment Market Value (US$ Mn) By Region, 2023-2033

FIG. 30: Global Vegetable Oils & Fats Segment Y-o-Y Growth Rate, By Region, 2018-2033

FIG. 31: North America Market Value (US$ Mn), By Country 2018-2022

FIG. 32: North America Market Value (US$ Mn), By Country 2023-2033

FIG. 33: North America Market Value (US$ Mn), By Tanker Capacity 2018-2022

FIG. 34: North America Market Value (US$ Mn), By Tanker Capacity 2023-2033

FIG. 35: North America Market Value (US$ Mn), By Material Type 2018-2022

FIG. 36: North America Market Value (US$ Mn), By Material Type 2023-2033

FIG. 37: North America Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 38: North America Market Value (US$ Mn), By Chemical Type 2023-2033

FIG. 39: Latin America Market Value (US$ Mn), By Country 2018-2022

FIG. 40: Latin America Market Value (US$ Mn), By Country 2023-2033

FIG. 41: Latin America Market Value (US$ Mn), By Tanker Capacity 2018-2022

FIG. 42: Latin America Market Value (US$ Mn), By Tanker Capacity 2023-2033

FIG. 43: Latin America Market Value (US$ Mn), By Material Type 2018-2022

FIG. 44: Latin America Market Value (US$ Mn), By Material Type 2023-2033

FIG. 45: Latin America Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 46: Latin America Market Value (US$ Mn), By Chemical Type 2023-2033

FIG. 47: Europe Market Value (US$ Mn), By Country 2018-2022

FIG. 48: Europe Market Value (US$ Mn), By Country 2023-2033

FIG. 49: Europe Market Value (US$ Mn), By Tanker Capacity 2018-2022

FIG. 50: Europe Market Value (US$ Mn), By Tanker Capacity 2023-2033

FIG. 51: Europe Market Value (US$ Mn), By Material Type 2018-2022

FIG. 52: Europe Market Value (US$ Mn), By Material Type 2023-2033

FIG. 53: Europe Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 54: Europe Market Value (US$ Mn), By Chemical Type 2023-2033

FIG. 55: APAC Market Value (US$ Mn), By Country 2018-2022

FIG. 56: APAC Market Value (US$ Mn), By Country 2023-2033

FIG. 57: APAC Market Value (US$ Mn), By Tanker Capacity 2018-2022

FIG. 58: APAC Market Value (US$ Mn), By Tanker Capacity 2023-2033

FIG. 59: APAC Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 60: APAC Market Value (US$ Mn), By Material Type 2023-2033

FIG. 61: APAC Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 62: APAC Market Value (US$ Mn), By Chemical Type 2023-2033

FIG. 63: MEA Market Value (US$ Mn), By Country 2018-2022

FIG. 64: MEA Market Value (US$ Mn), By Country 2023-2033

FIG. 65: MEA Market Value (US$ Mn), By Tanker Capacity 2018-2022

FIG. 66: MEA Market Value (US$ Mn), By Tanker Capacity 2023-2033

FIG. 67: MEA Market Value (US$ Mn), By Material Type 2018-2022

FIG. 68: MEA Market Value (US$ Mn), By Material Type 2023-2033

FIG. 69: MEA Market Value (US$ Mn), By Chemical Type 2018-2022

FIG. 70: MEA Market Value (US$ Mn), By Chemical Type 2023-2033

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- FAQs -

What valuation does the chemical tanker market enjoy at present?

The global chemical tanker market is valued at US$ 15 billion in 2023.

What is the future size of the market for chemical tankers?

By 2033, worldwide sales of chemical tankers are set to reach US$ 31 billion.

What is the estimated CAGR for the chemical tanker market from 2023 to 2033?

Demand for chemical tankers is predicted to rise at a CAGR of 7.5% through 2033.

Who are the top chemical tanker producers?

Odfjell, Stolt-Nielsen Limited, and Navig8 Limited are leading chemical tanker suppliers.

Which is the leading regional market for chemical tankers?

North America accounts for 50% share of the global market in 2023.

Chemical Tanker Market

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