According to The Insight Partners’ Latest Study on “Chemical Tankers Market Forecast to 2028″ Focus on COVID-19 Impact and Global Analysis By Product Type (Organic Chemicals, Inorganic Chemicals, Others); Type (Type 1, Type 2, Type 3); Fleet Material (Galvanised steel, Stainless Steel, Epoxy Coated, Others) and Geography
The chemical tankers are the cargo ships which are designed to transport chemicals in bulk. These often carry sensitive cargo which requires high standard tank cleaning besides clean petroleum products and industrial chemicals. Besides, chemical tankers are equipped with tank heating systems in order to maintain the viscosity of cargo. The chemical tankers are either made of stainless steel or coated with specialized coatings like zinc paint or phenolic epoxy. Stainless steel tanks are used primarily for aggressive acid cargos whereas coated tanks often carry vegetable oils and other less reactive chemicals.
“Global Chemical Tankers Market Analysis to 2028” is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chemical tankers market with detailed market segmentation by product type, type, fleet material, and geography. The report provides key statistics on the market status of the leading chemical tankers market players and offers key trends and opportunities in the market.
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MARKET SEGMENTATION
- Based on product type, the global chemical tankers market is segmented into organic chemicals, inorganic chemicals, others
- Based on type, the market is bifurcated into Type 1, Type 2, Type 3
- Based on fleet material, the market is bifurcated into galvanized steel, stainless steel, epoxy coated, others
MARKET DYNAMICS
Drivers
- Growth in chemical industry coupled with increased chemical trade practices worldwide
- Surging demand for vegetable oils, oilseed, and fats
Restraints
- Sluggish growth in crude oil production
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chemical tankers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chemical tankers market in these regions.
IMPACT OF COVID-19 ON CHEMICAL TANKERS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
1. Nordic Tankers
2. IINO KAIUN KAISHA, LTD.
3. MAERSK TANKERS
4. PT Berlian Laju Tanker Tbk
5. Tokio Marine Asia Pte. Ltd
6. TSM Group
7. Global Chemical Co. Ltd
8. Chemical Manufactures Inc
9. Market Actives, LLC
10. Global Pump Marketing Inc.
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The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.
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