Chemical Tanker Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

Published on : Oct-2019 | List of Tables : 88 | List of Figures : 70 | No. of Pages : 170 | Report Code : FACT4262MR | Format : ppt pdf Excel Word

Growing International Trade Creating Avenues of Growth for Chemical Tankers

The global chemical tanker market is witnessing continued improvements according to Fact.MR on the backdrop of increasing overall seaborne trade and rising overall fleet of key operators. The size of the global chemical tanker market is expected to reach nearly USD 5 billion in 2019, whereas, the global chemical tanker shipping industry is expected to reach more than US$ 28.5 Bn in 2019. High concentration of chemical manufacturing industries and growing demand for industrial grade chemicals around the world are some of the main reasons for the development of the chemical tanker market. The development of Shale gas is one of the key variables that has had a positive impact on chemical tanker market growth. Organic chemicals such as alcohols, 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. Countries such as the U.S., China, Germany, and Russia are some of the main exporters of chemicals and are anticipated to promote global trade through chemical tankers which will give the chemical tanker market an impetus in the coming years.

The global chemical tanker market garners maximum profit through the shipping of chemicals and its associated products. The booming chemical industry and the growing production capacity of chemical manufacturers are driving the demand for chemical tankers around the globe. The chemical tanker market in U.S. is likely to develop at a high pace owing to a large number of shipbuilders and fleet owners, availability of raw materials, and capital inflows from multinational businesses. Although exports showed a declining trend in 2016, taking into account the value of the dollar and the worldwide financial stoppage, the export market is anticipated to catch up in the coming years. In 2017, the U.S. accounted for about 17% of global chemical shipments. Innovative capacity additions in the industry, which will also be used for exports, are expected to boost the demand for chemical tankers during the forecast period. The growing chemical tanker market in Asia Pacific is one of the most important areas of development owing to the existence of new entrants and emerging players in the region.

global chemical tanker market structure analysis 02

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IMO-1 Chemical Tanker to Dominate the Global Chemical Tanker Market Share during the Forecast Period

IMO-1 tankers are generally used in the transportation of sophisticated products such as crude oil. With advancements in technology, IMO-2 carriers are mainly used for the transportation of bulk chemicals, including animal oils, vegetables and fats. Increased demand for bio-based lubricants is expected to increase the chemical tanker market volume of IMO-2 carriers. IMO-3 chemical tankers are used to transport chemical products with high safety and environmental hazards. IMO-3 overshadowed the global chemical tanker market in 2018 and is expected to remain dominant over the forecast period as well.

Fall in Crude Oil Production to Hamper Chemical Tanker Market Growth

Slow growth in the manufacturing of crude oil and the formulation and execution of petroleum bunkering laws such as the conduct of proper risk assessments and having appropriate drip and spill containment functionality is a constraint in the global chemical tanker market. Low global crude oil prices and decreased capital investment for exploration over the last few years have resulted in a slow development of the crude oil market. Moreover, low investments in the exploration and manufacturing of crude oil in the US between 2014 and 2017 has had an impact on the manufacturing of shale oil in the nation. Oil production has also reduced in China due to the low oil price setting in the nation. The aforementioned factors are expected to halt the growth of the global chemical tanker market during the forecast period

global chemical tanker market structure analysis 01

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Massive Consolidation will be Witnessed in the Ocean Going Chemical Tanker Market

The chemical tanker majors such as Stolt- Nielsen, Odfjell, MOL Nordic Tanker, Navig8 Tanker and Team Tanker secured eminent positions in the global chemical tanker market. Top operators hold a total fleet of more than 370 tankers.

North America is expected to attract new competitors to the chemical tanker market due to a boom in shale gas. 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. Resilient exports from the U.S. and the Middle East have been key drivers, which has also had an impact on other trade routes.

The global market for chemical tanker in the shipping industry is consolidated with a small number of leading players. These major players have implemented a policy of contracts to improve their share in the market for chemical tankers and to meet the growing demand for chemical tankers used for shipping chemicals and chemical goods. Some of the key developments being undertaken by leading competitors are

  • In 2018, Eastern Pacific reportedly 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 largest fleet of stainless steel ships in this size in the future with a total of 33 chemical tankers in the water.
  • In 2019, Team Tankers announced the acquisition of Laurin Maritime and Anglo-Atlantis Chemical Tankers for $206 million, a deal which added 34 coated IMO II/III MR chemical tankers to its existing fleet of 33 chemical tankers.

Request research methodology of this report.

Chemical Tanker Market – Scope of the report

This report provides forecast and analysis of the chemical tanker market. It provides historical data of 2013 along with estimated data for 2019, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study. The research propounds key trends that are currently influencing growth of the chemical tanker market along with the macro-economic indicators. This newly published and insightful report sheds light on key dynamics, and their impact on overall value chain from operators to end users, which are expected to transform the future of the chemical tanker market.

The report also comprises the study of current issues with end users and opportunities for the chemical tanker market. The report also contains value chain analysis along with key market participants. In order to provide users of this report with a comprehensive view of the market, we have included detailed competitive analysis about market key players and strategic overviews. The dashboard provides a detailed comparison of chemical tanker operators on parameters such as total revenue, product offerings and key strategies. A list of key companies operating in the chemical tanker market provided in the report adds to the credibility of this exhaustive research study.

Chemical Tanker Market: In-Depth Assessment on Key Segments-

The global chemical tanker market is segmented by fleet, tanker capacity, material, chemical and region

Grade  (% of Demand)

Tanker Capacity

Material

Chemical

Region

IMO 1

Less than 10,000 dwt

Stainless Steel

Organic Chemicals

North America

IMO 2

10,000 - 19,999 dwt

Epoxy

Inorganic Chemicals

Latin America

IMO 3

More Than 20,000 dwt

Others

Vegetable Oils & Fats

Europe

 

 

 

 

APAC

 

 

 

 

MEA

Country-specific assessment on demand for the chemical tanker market has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous chemical tanker operators, experts and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue based on different chemical tanker capacity and materials. The market has been forecast based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the chemical tanker market analyzed are Stolt-Nielsen, Odfjell, Bahri, Navig8, MOL Chemical Tankers, Nordic Tankers and others

Chemical Tanker Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights on the chemical tanker market.

For ascertaining the market size on the basis of volume and value, revenues generated by leading players, coupled with their production capacities are taken into consideration. Backed by a proven & tested research approach, the report offers necessary information on the chemical tanker market. Qualitative aspects gained from industry experts and opinion leaders have also been adhered to by the analysts while developing this insightful report on the chemical tanker market. Secondary research is leveraged for ascertaining the overall size of the chemical tanker market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influences the growth of the chemical tanker market and chemical tanker shipping market, which includes global GDP growth rate, seaborne trade, chemical industry GVA, chemical production and other factors. This report serves as an authentic resource of intelligence on the chemical tanker market, enabling the readers to take fact-based decisions on the future direction of their businesses.

1. Global Chemical Tanker 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 Chemical Tanker 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, 2018

            4.1.1.1. National Flag

            4.1.1.2. Foreign or International Flag

        4.1.2. Ownership of World Shipping Fleet by DWT, 2018

            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, 2018

    4.2. Global Chemical Tanker Product Life Cycle Analysis by Country of Build

    4.3. Global Chemical Tanker Product Life Cycle Analysis by Capacity

    4.4. Global Chemical Tanker Delivered till 2018 by Capacity

    4.5. Global Chemical Tanker Demand Analysis by Grade Type, 2018

        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, 2018

        4.8.1. Global Chemical Industry Import & Export Analysis (in US$ Bn) by Prominent Countries, 2018 

        4.8.2. Global Chemical Industry Import & Export Analysis (in US$ Bn) by Chemical Type, 2018

        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. Chemical Tanker Life Span

        4.11.4. Chemical Tanker 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 Chemical Tanker Shipping Market Analysis 2013-2027

    5.1. Global Chemical Tanker Shipping Market Analysis & Forecast by Region, 2013-2027

    5.2. Global Chemical Tanker Fleet (Units) by Country of Build, 2018

    5.3. Global Chemical Tanker Fleet (Units) by Key Operators, 2018

    5.4. Global Chemical Tanker Fleet (Units) Analysis & Forecast by Capacity, 2013-2027

    5.5. Global Chemical Tanker Fleet (DWT) Analysis & Forecast by Capacity, 2013-2027

    5.6. Global Chemical Tanker Demolitions (Units) by Capacity, 2018

    5.7. Global Chemical Tanker Demolitions (DWT) by Capacity, 2018

    5.8. Trading Chemical Tanker Fleet by Shipyard

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

    6.1. Historical Market Value (US$ Mn) & Volume (Units) Analysis, 2013-2018

    6.2. Current and Future Market Value (US$ Mn) & Volume (Units) Projections, 2019-2027

    6.3. Y-o-Y Growth Trend Analysis

    6.4. Cost Structure Analysis

    6.5. Regional Pricing Analysis by Tanker Capacity, 2018

    6.6. Factors Influencing Pricing

7. Global Chemical Tanker Market Analysis and Forecast 2013-2027

    7.1. Global Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        7.2.1. Stainless Steel

        7.2.2. Epoxy

        7.2.3. Others 

    7.3. Global Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        7.3.1. Organic Chemicals

        7.3.2. Inorganic Chemicals

        7.3.3. Vegetable Oils & Fats

    7.4. Global Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Analysis and Forecast 2013-2027

    8.1. North America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        8.1.1. US

        8.1.2. Canada

    8.2. North America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        8.3.1. Stainless Steel

        8.3.2. Epoxy

        8.3.3. Others 

    8.4. North America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        8.4.1. Organic Chemicals

        8.4.2. Inorganic Chemicals

        8.4.3. Vegetable Oils & Fats

9. Latin America Chemical Tanker Market Analysis and Forecast 2013-2027

    9.1. Latin America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Country

        9.1.1. Brazil

        9.1.2. Mexico

        9.1.3. Rest of Latin America

    9.2. Latin America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        9.3.1. Stainless Steel

        9.3.2. Epoxy

        9.3.3. Others 

    9.4. Latin America Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        9.4.1. Organic Chemicals

        9.4.2. Inorganic Chemicals

        9.4.3. Vegetable Oils & Fats

10. Europe Chemical Tanker Market Analysis and Forecast 2013-2027

    10.1. Europe Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        10.3.1. Stainless Steel

        10.3.2. Epoxy

        10.3.3. Others 

    10.4. Europe Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        10.4.1. Organic Chemicals

        10.4.2. Inorganic Chemicals

        10.4.3. Vegetable Oils & Fats

11. APAC Chemical Tanker Market Analysis and Forecast 2013-2027

    11.1. APAC Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        11.3.1. Stainless Steel

        11.3.2. Epoxy

        11.3.3. Others

    11.4. APAC Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        11.4.1. Chemicals

        11.4.2. Vegetable Oils & Fats

        11.4.3. Others 

12. Middle East & Africa Chemical Tanker Market Analysis and Forecast 2013-2027

    12.1. Middle East & Africa Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, 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 Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Material Type

        12.3.1. Stainless Steel

        12.3.2. Epoxy

        12.3.3. Others 

    12.4. Middle East & Africa Chemical Tanker Market Value & Volume Analysis 2013-2018 and Forecast 2019-2027, by Type

        12.4.1. Chemicals

        12.4.2. Vegetable Oils & Fats

        12.4.3. Others 

13. Competitive Assessment

    13.1. Global Chemical Tanker Market Structure

    13.2. Global Chemical Tanker Competitor Market Footprint Matrix

    13.3. Global Chemical Tanker Market Competition - a Dashboard View

    13.4. Global Chemical Tanker 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 

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Chemical Tanker Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027