DUBLIN--(BUSINESS WIRE)--The "Chemical Tankers Market by Product Type (Organic Chemicals, Inorganic Chemicals, Vegetable Oils & Fats), Fleet Type (IMO 1, IMO 2, IMO 3), Fleet Material (Stainless Steel, Coated), Fleet Size, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022.
The flourishing chemical industry and increasing use of water transportation for transferring chemicals from one place to another across the globe are the major driving factors for the growth of the chemical tankers market. The growth of the chemical tankers market is expected to be adversely impacted by the political unrest in the Middle East & Africa region as this region is one of the leading markets for chemical tankers.
Vegetable oils & fats are among the most significant ingredients used in the food industry across the globe. The continuous increase in the production of vegetable oils & fats to meet their increased demand across the globe has led to the growth of the vegetable oils & fats product type segment of the chemical tankers market. Vegetable oils & fats are getting more popular as they contain a high amount of unsaturated fatty acids than animal fats.
IMO 2 tankers are mostly used to carry vegetable oils & fats from one place to another. They can also carry a wide range of chemicals from strong acids to clean petroleum products. The versatility of IMO 2 tankers has led to the growth of the IMO 2 fleet type segment of the chemical tankers market across the globe.
The demand for chemical tankers made from stainless steel is increasing across the globe as stainless steel offers improved chemical resistance. Moreover, chemical tankers manufactured from stainless steel are easy to clean, thereby leading to the growth of the stainless steel segment of the chemical tankers market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Chemical Tankers Market, By Product Type
7 Chemical Tankers Market, By Fleet Type
8 Chemical Tankers Market, By Fleet Size
9 Chemical Tankers Market, By Fleet Material
10 Chemical Tankers Market, By Region
11 Competitive Landscape
12 Company Profiles
- Aurora Tankers Management Pte. Ltd.
- Champion Tankers
- Iino Kaiun Kaisha, Ltd.
- Laurine Maritime
- MISC Berhad
- Maersk Tankers
- Mol Chemical Tankers Pte. Ltd.
- Nordic Tankers A/S
- Southern Chemical Corporation
- Stena Bulk
- Team Tankers International Ltd.
- Waterfront Shipping
- Wilmar International Ltd.
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