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Global Crude Oil Carrier Market 2023: Regional Outlook, Industry Share, Production Analysis And Forecast To 2032 | Major Players Are China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, Essar Group, OSG Ship Management Inc
Crude Oil Carrier Market
Crude Oil Carrier Market Size, Growth Rate, And Forecast:
The global crude oil carrier market size is expected to grow from $184.37 billion in 2022 to $193.14 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. 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 global crude oil carrier market size is expected to reach $2223.24 billion in 2027 at a CAGR of 3.7%.
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Crude Oil Carrier Market Drivers:
The rising demand for crude oil and its by-products is expected to propel the growth of the crude oil carrier market going forward. Crude oil is a combination of hydrocarbons that occurs in the liquid phase in natural subterranean reservoirs and stays liquid under normal pressure despite passing through surface-separating facilities. The by-products are products obtained by the extraction process in a refinery, and these products include gasoline, aviation fuel, diesel, and asphalt. The crude oil carriers are used in the transportation of bulk crude oil and related by-products from the offshore platforms to a transshipment terminal.
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Crude Oil Carrier Market Segments:
By Vessel Type: Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax
By Dead Weight Tonnage: 120,000 MT-180,000 MT, 180,000 MT -320,000 MT, 25,000 MT-50,000 MT, 50,000 MT-75,000 MT, 75,000 MT-120,000 MT, Above 320,000 MT
By Hull Type: Double Bottom, Double Hull, Single Bottom
By Application: Diesel, Gasoline, Aviation Turbine Fuel, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Crude Oil Carrier Market.
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Crude Oil Carrier Market Key Players:
Major competitors in the crude oil carrier market include China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, Essar Group, OSG Ship Management Inc., Alaska Tanker Company, Keystone Shipping Co.
The Business Research Company's "Global Crude Oil Carrier Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Crude Oil Carrier Market Include:
1. Executive Summary
2. Crude Oil Carrier Market Characteristics
3. Crude Oil Carrier Market Trends And Strategies
4. Crude Oil Carrier Market - Macro Economic Scenario
5. Crude Oil Carrier Market Size And Growth
……
26. Africa Crude Oil Carrier Market
27. Crude Oil Carrier Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crude Oil Carrier Market
29. Crude Oil Carrier Market Future Outlook and Potential Analysis
30. Appendix
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