Global sales of the chemical tanker in 2018 surpassed 130 units and is anticipated to expand at a moderate pace over the midterm forecast period, according to a recently published study by Fact.MR.
APAC is estimated to be the leading region accounting for more than 35 percent share (Volume) in the global chemical tanker market, owing to increased seaborne trade and demand from end-use sectors.
Growing fleet size shows that there is potential for gradual growth in the coming years.A measurable overcapacity of the chemical tanker has also been reported in the industry, as an equated effect of decelerated chemical trade between key markets, translating to limited demand for chemical tankers.
Chemical tanker fleet operators over the past three quarters also reported squeezed net revenues, where companies experienced a tough time to ensure a healthy bottom line.
Slow growth in crude oil production and the formulation and execution of petroleum bunkering regulations act as impediments in the development of the market for chemical tankers.With The Growing Chemical and Petrochemicals Sectors, Chemical Tankers Appear to Be an Attractive InvestmentGrowing chemical trade is expected to increase the market demand for chemical tankers as a result of the growth in manufacturing operations around the globe.
The disparity in regional manufacturing and demand trends has created the need for global trade in chemicals and derivatives.
Global sales of the chemical tanker in 2018 surpassed 130 units and is anticipated to expand at a moderate pace over the midterm forecast period, according to a recently published study by Fact.MR.
APAC is estimated to be the leading region accounting for more than 35 percent share (Volume) in the global chemical tanker market, owing to increased seaborne trade and demand from end-use sectors.
Growing fleet size shows that there is potential for gradual growth in the coming years.A measurable overcapacity of the chemical tanker has also been reported in the industry, as an equated effect of decelerated chemical trade between key markets, translating to limited demand for chemical tankers.
Chemical tanker fleet operators over the past three quarters also reported squeezed net revenues, where companies experienced a tough time to ensure a healthy bottom line.
Slow growth in crude oil production and the formulation and execution of petroleum bunkering regulations act as impediments in the development of the market for chemical tankers.With The Growing Chemical and Petrochemicals Sectors, Chemical Tankers Appear to Be an Attractive InvestmentGrowing chemical trade is expected to increase the market demand for chemical tankers as a result of the growth in manufacturing operations around the globe.
The disparity in regional manufacturing and demand trends has created the need for global trade in chemicals and derivatives.