Chemical Tankers Market: By Fleet Size, By Product Type, By Shipment Route, By Fleet Material, and Region, Forecast 2019-2030.
Chemical Tankers Market size was valued US$ 32,983.6 million in 2023 and is projected to reach a value of US$ 45,489.1 million by 2030, at a CAGR of 4.7% from 2024-2030. A chemical tanker is a cargo ship that transports liquid chemicals in bulk, such as industrial chemicals, clean petroleum products, palm oil, vegetable oils, and other sensitive cargo. Growing trade of oils, rising production of chemicals, and increasing export of chemicals are the growth drivers of the market. However, high cost of operation, volatility of chemical markets, and high cost of advanced chemical fleets are the factors hampering the growth of the market. The emerging key opportunities of the market that drive future growth are rising demand for chemicals, increased global trade, and fleet modernization. Shift towards larger and more specialized vessels to increase efficiency and technological innovations are the key trends of the market.
The chemical tankers market size is inclusive of several companies such as Stolt-Nielsen, Odfjell, Nordic Tankers A/S, Mol Chemical Tankers Pte. Ltd., Wilmar International Ltd., Team Tankers International Ltd., MISC Berhad, Iino Kaiun Kaisha, Ltd., Laurine Maritime, Stena Bulk, Aurora Tankers Management Pte. Ltd.
• Asia pacific market generated the largest market share in 2023.
• The North America market is expected to expand at highest CAGR from 2024 to 2030.
• By fleet size, the medium segment had significant market share in 2023.
• By product type, the vegetable oils captured dominant market share in 2023
• By shipment route, the deep-sea segment accounted for the largest market share in 2023.
• By fleet material, the stainless-steel segment projected to grow at significant CAGR over the forecast years 2024 - 2030.
• In 2022, Germany was the top exporter of chemicals in European Union, which made worth US$ 157 billion, followed by Belgium. Moreover, the European Union has made strict regulations when it comes to the trade of hazardous substances.
• In 2021, Sovcomflot's subsidiary, SCF, launched an LNG-powered medium-range (MR) chemical tanker. This development is significant for its focus on reducing emissions, making transportation more eco-friendly and aligning with global environmental regulations.
• In 2020, Vopak launched a new chemical tanker facility at the Port of Fujairah in the UAE, which became a strategic hub for chemical tanker services in the region, helping enhance global logistics.
In March 2024, MOL Chemical Tankers, a subsidiary of Japan’s Mitsui O.S.K. Lines (MOL), completed the acquisition of Fairfield Chemical Carriers, a leading U.S.-based shipping company specializing in the transportation of bulk liquid chemicals.
By Fleet Size: The medium fleet size segment has captured a dominant market share in 2023. Medium fleet size is commonly used in the market for several reasons, primarily related to operational efficiency, cost management, and flexibility. Chemical tankers transport a wide variety of liquid chemicals, often requiring specialized handling, and medium-sized fleets offer a balance between the needs of shippers, financial considerations, and regulatory requirements.
By Product Type: The vegetable oils segment accounted for largest market share due to an increasing global demand for vegetable oils due to their use in food products, cosmetics, biodiesel, and various industrial applications. This demand fuels the need for specialized transportation methods as chemical tankers are designed to transport a wide range of liquid chemicals safely and efficiently. Vegetable oils and fats often require specific handling and storage conditions that these tankers are equipped to provide.
By Shipment Route: The deep sea shipment route segment has accounted for a largest market share in 2023. Chemical tankers are equipped with advanced safety features to prevent leaks and spills, including double hulls, dedicated pumping systems, and advanced monitoring equipment. The shipping of chemicals is heavily regulated to prevent environmental damage and ensure safe transport. Chemical tankers are built to comply with international regulations such as the International Maritime Organization (IMO) standards, which is essential for operating in deep-sea waters.
By Fleet Material: With largest share, the stainless-steel segment is leading the market. Stainless steel has excellent resistance to corrosion, which is crucial when transporting a wide variety of chemicals, many of which can be highly corrosive. This property helps maintain the integrity of the tanks over time, reducing the risk of leaks or failures.
Study Period
2024 - 2030Base Year
2023CAGR
4.7%Largest Market
Asia PacificFastest Growing Market
North America
The rising production of chemicals is a critical driver of the market, as it directly increases the demand for the transportation of bulk liquid chemicals. This growth stems from various sectors such as petrochemicals, specialty chemicals, agriculture, consumer goods, and pharmaceuticals, creating a strong link between chemical production and the need for shipping services. As countries industrialize, particularly in developing regions like Asia-Pacific (e.g., China and India), the demand for chemicals used in manufacturing, construction, electronics, and textiles rises sharply.
The high cost of operation is a significant restraint for the chemical tankers market, affecting profitability and the ability of smaller companies to compete effectively. Chemical tankers often need to be constructed or retrofitted with expensive materials like stainless steel tanks or epoxy coatings to safely transport a wide range of chemicals, including corrosive or hazardous substances. These specialized vessels are more costly to build and maintain compared to standard oil or dry bulk tankers.
The rising demand for chemicals and increased global trade present significant opportunities for growth in the market. These factors are closely linked, as the growing global consumption of chemicals, fuelled by industrial expansion and consumer needs, requires efficient transport across international borders. The demand for chemicals is expanding rapidly due to industrial growth in sectors such as manufacturing, construction, automotive, and electronics.
To satisfy growing demand, lower per-unit transportation costs, and improve operational efficiency, there is a trend towards the development and operation of larger chemical tankers and tankers are being built with more and more specialised materials and coatings (such epoxy or stainless-steel coatings) to handle particular chemicals safely and prevent contamination.
Asia Pacific is anticipated to continue to dominate the chemical tankers market during the forecast years. Due to the quick growth of the petrochemical and refining industries as well as the rise in investment budgets, the Asia-Pacific region accounts for around one-third of the global revenue of the chemical tanker market. The need for different chemicals has also increased as a result of the GDP growth of emerging nations like China, Singapore, and India, propelling the chemical tanker market in this region. Due to presence of so many shipbuilders and fleet owners in North America, the market is expected to grow significantly in coming forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 32,983.6 million |
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Market Size in 2030 |
US$ 45,489.1 million |
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Market CAGR |
4.7% |
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By Fleet Size |
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By Product Type |
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By Shipment Route |
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By Fleet Material |
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By Region |
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Especially in developing nations like China, India, and Brazil, where chemical manufacturing is on the rise globally, there is an increasing demand for safe and effective transportation. Chemical tankers play a crucial role in fulfilling the needs of several industries, including manufacturing, agriculture, and pharmaceuticals, by means of long-haul transportation of bulk liquid chemicals. Chemical firms depend on effective shipping transport to move raw materials and completed products throughout the world as supply chains become more global. Chemical tankers are essential to guaranteeing safe and prompt delivery to satisfy consumer demands. However, the chemical tanker market is responding to global economic growth, environmental imperatives, and the increasing complexity of supply chains by adopting greener technologies, advanced materials, and digital innovations to ensure the safe and efficient transport of chemical products worldwide.
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The global chemical tankers market size was value US$ 32,983.6 million in 2023 and is projected to reach value of US$ 45,489.1 million by 2030, at a CAGR of 4.7% from 2024-2030.
• Growing trade of oils
• Rising production of chemicals
• Growing export of chemicals
The key market players of the market are Stolt-Nielsen, Odfjell, Nordic Tankers A/S, Mol Chemical Tankers Pte. Ltd., Wilmar International Ltd.
Vegetable oils and fats are most widely used in the market.
Medium fleet size segment holds the highest market share in the market.
| 1. Executive Summary |
| 2. Global Chemical Tankers Market Introduction |
| 2.1.Global Chemical Tankers Market - Taxonomy |
| 2.2.Global Chemical Tankers Market - Definitions |
| 2.2.1.Fleet Size |
| 2.2.2.Product Type |
| 2.2.3.Shipment Route |
| 2.2.4.Fleet Material |
| 2.2.5.Region |
| 3. Global Chemical Tankers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Chemical Tankers Market Analysis, 2019 - 2023 and Forecast 2024 -2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Chemical Tankers Market By Fleet Size, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 5.1. Small |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Large |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Chemical Tankers Market By Product Type, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 6.1. Organic Chemicals |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Inorganic Chemicals |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Vegetable Oils |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Fats |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Chemical Tankers Market By Shipment Route, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 7.1. Inland |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Coastal |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Deep Sea |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Chemical Tankers Market By Fleet Material, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 8.1. Stainless Steel |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Coated |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Epoxy |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Global Chemical Tankers Market By Region, 2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Chemical Tankers Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 10.1. Fleet Size Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Small |
| 10.1.2.Medium |
| 10.1.3.Large |
| 10.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Organic Chemicals |
| 10.2.2.Inorganic Chemicals |
| 10.2.3.Vegetable Oils |
| 10.2.4.Fats |
| 10.2.5.Others |
| 10.3. Shipment Route Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Inland |
| 10.3.2.Coastal |
| 10.3.3.Deep Sea |
| 10.4. Fleet Material Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Stainless Steel |
| 10.4.2.Coated |
| 10.4.3.Epoxy |
| 10.4.4.Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Chemical Tankers Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 11.1. Fleet Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Small |
| 11.1.2.Medium |
| 11.1.3.Large |
| 11.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Organic Chemicals |
| 11.2.2.Inorganic Chemicals |
| 11.2.3.Vegetable Oils |
| 11.2.4.Fats |
| 11.2.5.Others |
| 11.3. Shipment Route Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Inland |
| 11.3.2.Coastal |
| 11.3.3.Deep Sea |
| 11.4. Fleet Material Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Stainless Steel |
| 11.4.2.Coated |
| 11.4.3.Epoxy |
| 11.4.4.Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Chemical Tankers Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 12.1. Fleet Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Small |
| 12.1.2.Medium |
| 12.1.3.Large |
| 12.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Organic Chemicals |
| 12.2.2.Inorganic Chemicals |
| 12.2.3.Vegetable Oils |
| 12.2.4.Fats |
| 12.2.5.Others |
| 12.3. Shipment Route Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Inland |
| 12.3.2.Coastal |
| 12.3.3.Deep Sea |
| 12.4. Fleet Material Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Stainless Steel |
| 12.4.2.Coated |
| 12.4.3.Epoxy |
| 12.4.4.Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Chemical Tankers Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 13.1. Fleet Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Small |
| 13.1.2.Medium |
| 13.1.3.Large |
| 13.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Organic Chemicals |
| 13.2.2.Inorganic Chemicals |
| 13.2.3.Vegetable Oils |
| 13.2.4.Fats |
| 13.2.5.Others |
| 13.3. Shipment Route Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Inland |
| 13.3.2.Coastal |
| 13.3.3.Deep Sea |
| 13.4. Fleet Material Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Stainless Steel |
| 13.4.2.Coated |
| 13.4.3.Epoxy |
| 13.4.4.Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Chemical Tankers Market ,2019 - 2023 and Forecast 2024 -2030 (Sales Value USD Million) |
| 14.1. Fleet Size Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Small |
| 14.1.2.Medium |
| 14.1.3.Large |
| 14.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Organic Chemicals |
| 14.2.2.Inorganic Chemicals |
| 14.2.3.Vegetable Oils |
| 14.2.4.Fats |
| 14.2.5.Others |
| 14.3. Shipment Route Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Inland |
| 14.3.2.Coastal |
| 14.3.3.Deep Sea |
| 14.4. Fleet Material Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Stainless Steel |
| 14.4.2.Coated |
| 14.4.3.Epoxy |
| 14.4.4.Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Stolt-Nielsen |
| 15.2.2.Odfjell |
| 15.2.3.Nordic Tankers A/S |
| 15.2.4.Mol Chemical Tankers Pte. Ltd |
| 15.2.5.Wilmar International Ltd. |
| 15.2.6.Team Tankers International Ltd. |
| 15.2.7.MISC Berhad |
| 15.2.8.Iino Kaiun Kaisha, Ltd |
| 15.2.9.Laurine Maritime |
| 15.2.10.Stena Bulk |
| 15.2.11.Aurora Tankers Management Pte. Ltd. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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