Global Chemical Tanker Shipping Market Size Study, by Fleet Type (IMO 1, IMO 2, IMO 3), by Product (Inland, Coastal, Deep-Sea), by Application (Organic, Inorganic, Vegetable Oils & Fats, Liquefied Gases, Others), and Regional Forecasts 2022-2032

Description

The Global Chemical Tanker Shipping Market is projected to expand significantly, reaching USD 50.18 billion by 2032 from USD 34.65 billion in 2023, at a steady compound annual growth rate (CAGR) of 4.20% over the forecast period 2024-2032. Chemical tankers, equipped to transport liquid chemicals, play a vital role in global trade by ensuring the safe and efficient delivery of organic, inorganic, and specialty chemicals, as well as vegetable oils and liquefied gases. These vessels are integral to the value chains of multiple industries, including petrochemicals, agriculture, and consumer goods, due to their precision handling and compliance with stringent international regulations.

Demand for chemical tankers is driven by the growing global trade in liquid chemicals, bolstered by expanding industrial production and heightened consumption of specialty chemicals. The inland and coastal shipping segments are witnessing increased adoption, particularly for short-haul deliveries, driven by regional trade agreements and investments in port infrastructure. Additionally, deep-sea shipments dominate the market, with chemical exporters leveraging larger vessels to optimize cost-efficiency in long-haul trade. However, challenges such as fluctuating oil prices and compliance with environmental norms persist, prompting innovations in ship design and propulsion technologies to enhance fuel efficiency and sustainability.

Regionally, Asia-Pacific leads the market owing to rapid industrialization, significant chemical manufacturing capacity, and a surge in international trade. The region's dominance is further underpinned by major exporting countries such as China, India, and South Korea. Europe follows as a key market, driven by its sophisticated chemical production infrastructure and stringent environmental regulations fostering technological advancements in the shipping sector. North America, with its growing shale gas output, is witnessing robust growth in chemical exports, supported by its strategic port locations. Meanwhile, Latin America and the Middle East & Africa are emerging as attractive markets due to increasing chemical production and growing export-oriented policies.

The future of the chemical tanker shipping industry is being shaped by strategic collaborations, innovations in fleet technologies, and adherence to environmental standards. Companies are increasingly investing in LNG-fueled tankers and advanced coatings for storage tanks to cater to diverse chemical cargoes while minimizing contamination risks. As global chemical trade continues to grow, the market is poised for sustained expansion, cementing its critical role in the global supply chain.

Major market players included in this report are:

Odfjell SE
Stolt-Nielsen Limited
Bahri (The National Shipping Company of Saudi Arabia)
Mitsui O.S.K. Lines, Ltd.
IINO Kaiun Kaisha, Ltd.
Maersk Tankers
Eitzen Chemical
Navig8 Group
Team Tankers International
Chembulk Tankers
Wilhelmsen Holding ASA
MOL Chemical Tankers Pte. Ltd.
Scorpio Tankers Inc.
Tokyo Marine Asia Pte Ltd.
Sinochem Shipping Co., Ltd.

The detailed segments and sub-segments of the market are explained below:

By Fleet Type:

IMO 1
IMO 2
IMO 3

By Product:

Inland
Coastal
Deep-Sea

By Application:

Organic
Inorganic
Vegetable Oils & Fats
Liquefied Gases
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022, 2023
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Extensive analysis of market trends and revenue forecasts across regions and segments over a 10-year horizon.
Comprehensive insights into competitive dynamics, with strategic evaluations of major players in the industry.
Country-level analysis and demand-supply dynamics for a holistic understanding of market drivers and challenges.
Recommendations for stakeholders to capitalize on emerging trends and technological advancements in the sector.

Chapter 1. Global Chemical Tanker Shipping Market Executive Summary

1.1. Global Chemical Tanker Shipping Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Fleet Type
- 1.3.2. By Product
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Chemical Tanker Shipping Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Chemical Tanker Shipping Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Global Trade in Liquid Chemicals
- 3.1.2. Expanding Industrial Production
- 3.1.3. Heightened Consumption of Specialty Chemicals
3.2. Market Challenges
- 3.2.1. Fluctuating Oil Prices
- 3.2.2. Compliance with Environmental Norms
3.3. Market Opportunities
- 3.3.1. Innovations in Ship Design and Propulsion Technologies
- 3.3.2. Investment in Port Infrastructure
- 3.3.3. Development of LNG-Fueled Tankers

Chapter 4. Global Chemical Tanker Shipping Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Chemical Tanker Shipping Market Size & Forecasts by Fleet Type 2022-2032

5.1. Segment Dashboard
5.2. Global Chemical Tanker Shipping Market: Fleet Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. IMO 1
- 5.2.2. IMO 2
- 5.2.3. IMO 3

Chapter 6. Global Chemical Tanker Shipping Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Chemical Tanker Shipping Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Inland
- 6.2.2. Coastal
- 6.2.3. Deep-Sea

Chapter 7. Global Chemical Tanker Shipping Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Chemical Tanker Shipping Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Organic
- 7.2.2. Inorganic
- 7.2.3. Vegetable Oils & Fats
- 7.2.4. Liquefied Gases
- 7.2.5. Others

Chapter 8. Global Chemical Tanker Shipping Market Size & Forecasts by Region 2022-2032

8.1. North America Chemical Tanker Shipping Market
- 8.1.1. U.S. Chemical Tanker Shipping Market
  - 8.1.1.1. Fleet Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Chemical Tanker Shipping Market
8.2. Europe Chemical Tanker Shipping Market
- 8.2.1. UK Chemical Tanker Shipping Market
- 8.2.2. Germany Chemical Tanker Shipping Market
- 8.2.3. France Chemical Tanker Shipping Market
- 8.2.4. Spain Chemical Tanker Shipping Market
- 8.2.5. Italy Chemical Tanker Shipping Market
- 8.2.6. Rest of Europe Chemical Tanker Shipping Market
8.3. Asia-Pacific Chemical Tanker Shipping Market
- 8.3.1. China Chemical Tanker Shipping Market
- 8.3.2. India Chemical Tanker Shipping Market
- 8.3.3. Japan Chemical Tanker Shipping Market
- 8.3.4. Australia Chemical Tanker Shipping Market
- 8.3.5. South Korea Chemical Tanker Shipping Market
- 8.3.6. Rest of Asia-Pacific Chemical Tanker Shipping Market
8.4. Latin America Chemical Tanker Shipping Market
- 8.4.1. Brazil Chemical Tanker Shipping Market
- 8.4.2. Mexico Chemical Tanker Shipping Market
- 8.4.3. Rest of Latin America Chemical Tanker Shipping Market
8.5. Middle East & Africa Chemical Tanker Shipping Market
- 8.5.1. Saudi Arabia Chemical Tanker Shipping Market
- 8.5.2. South Africa Chemical Tanker Shipping Market
- 8.5.3. Rest of Middle East & Africa Chemical Tanker Shipping Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Odfjell SE
- 9.1.2. Stolt-Nielsen Limited
- 9.1.3. Bahri (The National Shipping Company of Saudi Arabia)
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Odfjell SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Mitsui O.S.K. Lines, Ltd.
- 9.3.3. Maersk Tankers
- 9.3.4. Eitzen Chemical
- 9.3.5. Navig8 Group
- 9.3.6. Team Tankers International
- 9.3.7. Chembulk Tankers
- 9.3.8. Wilhelmsen Holding ASA
- 9.3.9. MOL Chemical Tankers Pte. Ltd.
- 9.3.10. Scorpio Tankers Inc.
- 9.3.11. Tokyo Marine Asia Pte Ltd
- 9.3.12. Sinochem Shipping Co., Ltd.
- 9.3.13. Bahri (The National Shipping Company of Saudi Arabia)
- 9.3.14. Stolt-Nielsen Limited
- 9.3.15. IINO Kaiun Kaisha, Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes