The Chemical Tanker Shipping Global Market Report 2023, provides comprehensive information on the chemical tanker shipping market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global chemical tanker shipping market size is expected to grow from $29.72 billion in 2022 to $31.41 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global chemical tanker shipping market is expected to reach $38.43 billion in 2027 at a CAGR of 5.2%.
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Product innovations are the key trends gaining popularity in the chemical tanker shipping market. Major operators in the market are innovating new environment-friendly products. For instance, in June 2021 Wuhu Shipyard Co Ltd., a China-based military shipbuilding company launched the 2nd 22000 DWT Hybrid Chemical Tanker for Sweden-based Donsö Shipping AB. It is an environment-friendly chemical tanker with a DC battery bank auxiliary propulsion system that makes zero emissions. It was also the first dual-fuel ship, and ice-class reinforced ship. In addition, it fully complies with International Maritime Organization (IMO) emission standard 3 (Tier III).
The chemical tanker shipping market is segmented:
1) By Type: Inland Chemical Tankers (1,000-4,999 DWT), Coastal Chemical Tankers (5,000-9,999 DWT), Deep-Sea Chemical Tankers (10,000-50,000 DWT)
2) By Cargo Type: IMO I, IMO II, IMO III
3) By Fleet Material: Stainless Steel, Coated, Epoxy
4) By Application: Organic Chemicals, Inorganic Chemical, Vegetables Oils And Fats, Other Applications
North America was the largest region in the chemical tanker shipping market in 2022.
The table of contents in TBRC’s chemical tanker shipping market report includes:
- Executive Summary
- Chemical Tanker Shipping Market Characteristics
- Chemical Tanker Shipping Market Trends And Strategies
- Chemical Tanker Shipping Market – Macro Economic Scenario
- Chemical Tanker Shipping Market Size And Growth
…..
- Africa Chemical Tanker Shipping Market
- Chemical Tanker Shipping Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Chemical Tanker Shipping Market
- Chemical Tanker Shipping Market Future Outlook and Potential Analysis
- Appendix
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