Press release
Crude Oil Carrier Market Anticipated To Witness Robust Growth, Surpassing $243.71 Billion By 2029
Crude Oil Carrier
What Is the Current Crude Oil Carrier Market Size and Its Estimated Growth Rate?
The Crude Oil Carrier Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Crude Oil Carrier Market Size and Its Estimated Growth Rate?
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10470
How Are Emerging Segments Shaping the Crude Oil Carrier Market Landscape?
The crude oil carrier market covered in this report is segmented -
1) By Vessel Type: Very Large Crude Carrier (VLCC), Suezmax, Aframax, Ultra Large Crude Carrier (ULCC), Panamax
2) 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
3) By Hull Type: Double Bottom, Double Hull, Single Bottom
4) By Application: Diesel, Gasoline, Aviation Turbine Fuel, Other Applications
Subsegments:
1) By Very Large Crude Carrier (VLCC): Conventional VLCC, Modern VLCC, Converted VLCC, Others
2) By Suezmax: Conventional Suezmax, Modern Suezmax, Converted Suezmax, Others
3) By Aframax: Conventional Aframax, Modern Aframax, Converted Aframax, Others
4) By Ultra Large Crude Carrier (ULCC): Conventional ULCC, Modern ULCC, Converted ULCC, Others
5) By Panamax: Conventional Panamax, Modern Panamax, Converted Panamax, Others
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10470&type=smp
Which Growth Factors Are Influencing Crude Oil Carrier Market Expansion?
The growth of the crude oil carrier market is anticipated to be driven by the increasing demand for crude oil and its derivatives. Crude oil, comprised of various hydrocarbons, remains liquid under standard pressure conditions, despite passing through surface-separation facilities and despite being located in natural underground reservoirs. The by-products, which include gasoline, aviation fuel, diesel, and asphalt, are derived from the refining process. Crude oil carriers transport these bulk crude oil and related by-products from offshore platforms to transshipment terminals. The US Energy Information Administration, a US-based federal statistical system for collecting, processing, and disseminating energy data, reported that the U.S. crude oil production increased to 12.4 million b/d in 2023 from an all-time high of 11.7 million b/d in 2022. In addition, the US recorded its highest annual consumption of natural gas in 2022, consuming an average of 86.6 billion cubic feet per day. This surge in demand for crude oil and its derivatives is fuelling the crude oil carrier market.
Who Are the Dominant Players Across Different Crude Oil Carrier Market Segments?
Major companies operating in the crude oil carrier market include China Shipping Tanker Co. Ltd., Maersk Tankers A/S, Kuwait oil Tanker Company S.A.K, OSG Ship Management Inc., Alaska Tanker Company LLC, Keystone Shipping Co., Shipping Corporation of India Ltd., Frontline Ltd., Tsakos Energy Navigation Limited, National Iranian Tanker Company, Euronav NV, Tankers International LLC, SFL Corporation Ltd., Nordic American Tankers Limited, AET Tanker Holdings Sdn Bhd, Teekay Corporation, Angelicoussis Shipping Group Limited., Mitsui OSK Lines Ltd., Scorpio Tankers Inc., DHT Holdings Inc., Ardmore Shipping Corp., Oman Shipping Company S.A.O.C., Ocean Tankers Ltd., Diamond S Shipping Inc., Dynacom Tankers Management Ltd., Gener8 Maritime Inc., Hafnia Limited, International Seaways Inc., PAO Sovcomflot, Maran Tankers Management Inc., Navios Maritime Partners L.P.
What Are the Latest Developing Trends in the Crude Oil Carrier Market?
Prominent players in the crude oil carrier market are pioneering innovative offerings such as crude oil and liquefied natural gas (LNG) carriers to improve fuel efficiency and lessen emissions. The carriers for crude oil and LNG refer to purpose-built ships intended for the conveyance of crude oil and LNG, assuring secure and effective transportation of these energy commodities. For example, in August 2023, Zvezda shipyard, an enterprise in shipbuilding based in Russia, introduced Arc6 Valentin Pikul and Arc6 Sergei Witte for the purpose of oil and liquefied natural gas (LNG) transportation in ongoing projects. The most recent of this series is a ship named Sergei Witte with a capacity of 172,600 cubic meters. These vessels are invaluable for Russia's Arctic energy schemes, particularly with the mounting demand for LNG and oil exports emanating from the region.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/crude-oil-carrier-global-market-report
Which Geographic Regions Are Expected to Dominate the Crude Oil Carrier Market in the Coming Years?
Asia-Pacific was the largest region in the crude oil carrier market in 2024. The regions covered in the crude oil carrier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Crude Oil Carrier Market?
2. What is the CAGR expected in the Crude Oil Carrier Market?
3. What Are the Key Innovations Transforming the Crude Oil Carrier Industry?
4. Which Region Is Leading the Crude Oil Carrier Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Crude Oil Carrier Market Anticipated To Witness Robust Growth, Surpassing $243.71 Billion By 2029 here
News-ID: 3985140 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Automotive Solenoid Marke …
The automotive solenoid market is on the verge of significant expansion as advancements in technology and vehicle electrification continue to accelerate. Increasing integration of smart systems and the growing demand for efficient, eco-friendly automotive solutions are set to drive this market's development through the end of the decade.
Expected Growth Trajectory for the Automotive Solenoid Market by 2030
The automotive solenoid market is projected to reach a valuation of $7.81 billion…
Automotive Night Vision System Market Analysis: Major Segments, Strategic Develo …
The automotive night vision system market is set to experience significant expansion over the coming years, driven by technological advancements and growing safety demands. As vehicle manufacturers continue to integrate more sophisticated safety features, this market shows promising potential for rapid growth and innovation through 2030.
Projected Expansion of the Automotive Night Vision System Market Size Through 2030
The market size for automotive night vision systems is anticipated to reach $7.24…
Segment Analysis and Major Growth Areas in the Automotive HVAC Market
The automotive HVAC market is on a trajectory of significant growth as vehicle climate control systems evolve with advanced technologies. Innovations aimed at improving energy efficiency and passenger comfort are driving the sector forward, setting the stage for substantial expansion through 2030. Let's explore the current market size, key players, influential trends, and detailed segment insights shaping this dynamic industry.
Automotive HVAC Market Size and Growth Outlook Through 2030
The automotive…
Key Strategic Developments and Emerging Changes Shaping the Automotive Electroni …
The automotive electronic controller market is on track for impressive expansion as technology continues to transform the automotive sector. With the industry embracing smarter and more connected vehicle systems, the demand for advanced controllers that manage and optimize vehicle functions is rapidly increasing. Below, we explore the market's projected growth, key players, notable trends, and the main segments shaping this dynamic field.
Projected Market Size and Growth of the Automotive Electronic…
More Releases for Crude
Increasing Crude Oil Demand Drives Expansion In The Crude Oil Carrier Market: Th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Crude Oil Carrier Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for crude oil carriers has seen stable growth. The projections show an increase from $198.63 billion in 2024 to $205.24 billion in 2025, marking a compound annual growth rate (CAGR) of…
Crude Oil Sales Market Size Analysis by Application, Type, and Region: Forecast …
USA, New Jersey- According to Market Research Intellect, the global Crude Oil Sales market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The demand for energy and petroleum products around the world is fueling the market for crude oil sales, which is expanding steadily. Crude…
Rising Crude Oil Demand Fuels Growth In Crude Oil Flow Improvers Market: Key Fac …
The Crude Oil Flow Improvers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Crude Oil Flow Improvers Market Size During the Forecast Period?
In recent times, the market size of crude oil flow improvers has seen a robust growth. The market value…
Prominent Crude Oil Carrier Market Trend for 2025: Advancements In Carrier Syste …
"Which drivers are expected to have the greatest impact on the over the crude oil carrier market's growth?
The anticipated surge in demand for crude oil and its derivatives is projected to fuel the expansion of the crude oil carrier market in the future. Crude oil, consisting of hydrocarbons, is found in liquid form in natural underground reserves and remains as such under standard pressure, even when it has passed through…
Top Factor Driving Crude Oil Flow Improvers Market Growth in 2025: Rising Crude …
What combination of drivers is leading to accelerated growth in the crude oil flow improvers market?
The expectation of a surge in crude oil demand will likely propel the growth of the crude oil flow improvers market. Crude oil, a cocktail of hydrocarbons, naturally resides in subterranean reservoirs as a liquid and maintains its liquid state even when subjected to surface-separation equipment in atmospheric pressure. Crude oil flow improvers play a…
Crude Fish Oil Market Demand 2020-2025
Global Crude Fish Oil Market Overview:
The global Crude Fish Oil market is expected to grow at a significant pace, reports GLOBAL INFO RESEARCH. Its latest research report, titled [Global Crude Fish Oil Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025], offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For…
