Chemical Tankers Market 2023 Opportunity Assessment, Industry Share, Growing Demand And Forecast To 2032 | Major Players Are Stolt-Nielsen Limited, Odfjell SE, MISC Berhad, Bahri, Navig8 Limited

As per The Business Research Company's Chemical Tankers Opportunities And Strategies Market Report 2023, The global chemical tankers market reached a value of nearly $32,447.92 million in 2022, having increased at a compound annual growth rate (CAGR) of 2.83% since 2017. The market is expected to grow from $32,447.92 million in 2022 to $44,018.35 million in 2027 at a rate of 6.29%. The market is then expected to grow at a CAGR of 6.55% from 2027 and reach $60,450.92 million in 2032.

The growing petrochemical industry is expected to drive the chemical tankers market going forward. The petrochemical industry refers to the companies involved in manufacturing chemicals from crude oil and natural gas as distinct from fuels and other products. The chemical tankers are used for transporting petrochemicals in bulk and for long-distance transportation. For example, according to the International Energy Agency, a France-based autonomous intergovernmental organization, petrochemicals are expected to account for more than a third of the increase in oil consumption through 2030 and almost halfway through 2050, outpacing trucks, aircraft, and shipping. This is due to the surge in demand for petrochemical products. Therefore, the growing petrochemical industry is driving the chemical tankers market.

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Use of artificial intelligence (AI) in the chemical tankers market is a key trend to enhance operational efficiency, optimize route planning and reduce fuel consumption. AI-powered systems can help chemical tanker operators to monitor cargo conditions and detect any anomalies, leading to improved safety and reduced risks. Artificial Intelligence is machine-based learning which makes use of human intelligence functionalities like reasoning and problem-solving abilities to obtain insights and provide useful information. AI-enabled machine vision systems are used in chemical tankers to monitor the whole chemical unloading process and identify anomalous occurrences before human error causes mishaps. For example, in July 2021, Seatrans Group, a fully integrated ship-owning company that manufactures Chemical tankers, collaborated with OrbitMI, Inc., a US-based provider of AI-powered maritime software and data solutions. Through this collaboration, Seatrans leveraged AI from OrbitMI to improve its commercial operations.

The top opportunities in the chemical tankers market by product type will arise in the organic chemicals market, which will gain $4,943.52 million of global annual sales by 2027. The top opportunities in the chemical tankers market by cargo types will arise in the IMO 3 market, which will gain $5,837.05 million of global annual sales by 2027. The top opportunities in the chemical tankers market by size will arise in the deep-sea chemical tankers (10,000-50,000 DWT) market, which will gain $7,852.95 million of global annual sales by 2027. The top opportunities in the chemical tankers market by fleet material will arise in the stainless steel market, which will gain $8,600.52 million of global annual sales by 2027. The chemical tankers market size will gain the most in China at $2,534.61 million.

Chemical Tankers Market Segmentation:
The Chemical Tankers Market is segmented by product type, by cargo types, by size and by fleet material.
By Product Type-

The chemical tankers market is segmented by product type into
a) Organic Chemicals
b) Inorganic Chemicals
c) Vegetable Oils And Fats
d) Other Product Types
By Cargo Types -

The chemical tankers market is segmented by cargo types into
a) IMO 1
b) IMO 2
c) IMO 3
By Size -
The chemical tankers market is segmented by size into
a) Inland Chemical Tankers (1,000-4,999 DWT)
b) Coastal Chemical Tankers (5,000-9,999 DWT)
c) Deep-Sea Chemical Tankers (10,000-50,000 DWT)

By Fleet Material -
The chemical tankers market is segmented by fleet material into
a) Stainless Steel
b) Coated

Major players in the Chemical Tankers Market include Stolt-Nielsen Limited, Odfjell SE, MISC Berhad, Bahri, Navig8 Limited.

The regions covered in the global Chemical Tankers Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Chemical Tankers Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Chemical Tankers Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
20. Opportunities And Strategies
21. Chemical Tankers Market, Conclusions And Recommendations
22. Appendix
26. Oncology Drugs Market, Conclusions And Recommendations
27. Appendix

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