Press release
Liquid & Bulk Transportation Vessels Market Demand, Research Insights by 2030
The global liquid & bulk transportation vessels market was valued at US$ 783.3 Bn in 2019. The global liquid & bulk transportation vessels market is anticipated to expand at a CAGR of 3% during the forecast period. Based on vessel type, the dry cargo vessel segment dominated the global liquid & bulk transportation vessels market in 2019. Dry cargo vessels are used to carry solid dry goods that have higher tolerance to heat and cold. These goods include metal ores, coal, steel products, forest products, and grains. The dry cargo vessel segment of the global liquid & bulk transportation vessels market is anticipated to be highly attractive during the forecast period.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/liquid-bulk-transportation-vessels-market.html
In terms of application, the industrial segment accounted for a leading share of the global liquid & bulk transportation vessels market in 2019. This can be primarily ascribed to an increase in demand for steel production in several end-use industries such as building & construction. Based on transport type, the deep sea tankers segment dominated the global liquid & bulk transportation vessels market in 2019. The demand for deep sea tankers is increasing due to the rise in demand for transport of goods on intercontinental routes.
The liquid & bulk transportation vessels market in Asia Pacific is estimated to expand at a substantial pace during the forecast period, owing to high investments in the shipping industry in the region. The demand for sea trade activities has increased due to rapid industrialization and urbanization. Asia Pacific is a major hub for manufacturing of marine vessels. China, South Korea, and Japan accounted for a major share of global ship production in 2018.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13082
๐๐๐ฃ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The demand for refined products has been increasing in developing countries, such as China and India, owing to rapid industrial development and rise in household income in these countries. For instance, as per BP stats, consumption of petroleum products increased from 94.40 million barrels per day in 2014 to 98.27 million barrels per day in 2019 across the globe. The increase in global demand for oil & gas products is creating the need for trade activities in petroleum products. Oil tankers are used to transport petroleum products. This is anticipated to propel the liquid & bulk transportation market in the near future. The demand for clean fuel energy has been increasing significantly across the globe. The growth in demand for clean fuel energy can be ascribed to the introduction of stringent regulations to limit GHG emissions in end-use industries. LNG is a prominent clean fuel, as it offers cost effectiveness over other fuels and ease of transportation and storage.
Benefits associated with LNG and its availability have boosted the consumption of liquefied natural gas across the globe. The demand for LNG is linked with the demand for gas carriers, as gas carriers are used to transport LNG from one place to another. Thus, rise in demand for LNG is anticipated to drive the global liquid & bulk transportation vessels market during the forecast period.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=13082
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐๐๐ซ๐ฌ ๐๐ฎ๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ญ๐จ ๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Asia Pacific is projected to be a highly lucrative region of the global liquid & bulk transportation vessels market during the forecast period. The liquid & bulk transportation vessels market in the region is estimated to expand at a significant pace between 2020 and 2030, due to significant investments in the shipping industry. The rise in urbanization and globalization in the region is likely to fuel the demand for liquid & bulk transportation vessels in the near future.
Seaborne trade has increased in countries such as China, Japan, and India over the past few years. This is expected to boost the demand for liquid & bulk transportation vessels in the region.
๐๐๐ฃ๐จ๐ซ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ
In July 2020, MISC Berhad announced plans to purchase six newly built 98,000-cubic meter very large ethane carriers for US$ 726 Mn. Samsung Heavy Industries Co Ltd and Hyundai Heavy Industries Co Ltd, shipyards in South Korea, are constructing three vessels each. The charters for the vessels are expected to commence in the fourth quarter of 2020.
In April 2018, Team Tankers International Ltd. acquired Laurin Shipping AB and Anglo-Atlantic Steamship Company. These companies are engaged in the Medium Range (MR) tanker shipping sector. These acquisitions are anticipated to strengthen the company's medium range product portfolio.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=13082
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The global liquid & bulk transportation vessels market is fragmented. Various international and regional players operate in the global liquid & bulk transportation vessels market. Leading players operating in the global liquid & bulk transportation vessels market are Stolt-Nielsen, IINO KAIUN KAISHA, LTD., MISC Berhad, MOL Chemical Tankers Europe A/S, UPT United Product Tankers GmbH & Co. KG, Stena Bulk, Team Tankers International Ltd., Nordic Tankers, DAL/JTE, and SEATRANS AS.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ข๐ช๐ฎ๐ข๐ & ๐๐ฎ๐ฅ๐ค ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ฌ๐ฌ๐๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ฌ๐ฌ๐๐ฅ ๐๐ฒ๐ฉ๐
Dry Cargo Vessel
Liquid Vessel
Specialized Vessel
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐จ๐ฐ๐๐ซ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ -https://www.globenewswire.com/news-release/2022/09/29/2525512/0/en/Power-Distribution-Component-Market-to-Reach-US-15-3-Bn-by-2030-TMR-Study.html
๐๐ฆ๐๐ฅ๐ฅ ๐๐ฒ๐๐ซ๐จ๐ฉ๐จ๐ฐ๐๐ซ ๐๐๐ซ๐ค๐๐ญ -https://www.prnewswire.com/news-releases/small-hydropower-market-to-expand-at-a-cagr-of-2-69-during-forecast-period-notes-tmr-study-301640681.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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