Further key findings from the study suggest :
Global chemical tanker shipments were 200.10 million tons in 2013 and are expected to reach 268.42 million tons by 2020 , growing at a CAGR of 4.3 % from 2014 to 2020 .
Deep sea tankers accounted for 52 % of total chemicals shipped in 2013 in terms of tanker size . It is also expected to witness the highest growth rate of 4.4 % from 2014 to 2020 . Relatively lower fleet costs coupled with capacity to carry large amount of chemicals is expected to fuel its market over the forecast period .
IMO II emerged as the largest type of cargo used for chemical shipments and accounted for 50.4 % of total market volume in 2013 . Growing vegetable and animal oil / fats production particularly in Asia Pacific is expected to remain a key driving factor for this segment . IMO III is expected to witness the highest growth rate of 4.5 % from 2014 to 2020 .
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Asia Pacific was the largest regional market and accounted for 38.1 % of total market volume in 2013 . Expansion of refinery & petrochemical capacity in China and India coupled with increasing production of vegetable oils in South East Asia is expected to drive the regional market over the next six years .
North America is expected to witness the highest growth rate of 4.7 % from 2014 to 2020 . Shale gas boom in the U . S . and Canada is expected to develop the regional market over the forecast period .
Global chemical tanker shipping market is highly fragmented with a mix of both multinational corporations and regional companies . Some key companies operating in the global chemical tanker shipping market include Odfjell , Stolt Parcel Tankers , Navig8 Chemicals , United Product Tankers , Iino Kaiun Kaisha , Tokyo Marine , Nordic Tankers , National Chemical Carriers , Stena Bulk and Eitzen Chemical .
Table of Contents Chapter 1 . Executive Summary
1.1 . Chemical Tanker Shipping- Industry Summary and Critical Success Factors ( CSFs )
Chapter 2 . Chemical Tanker Shipping Industry Outlook 2.1 . Market Segmentation 2.2 . Market Size and Growth Prospects
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