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North America Chemical Tanker Market – Sales, Price, Revenue, Gross Margin and Market Share

The growing chemical products exports and low chartered rates are expected to drive the market during the forecast period.

The North American Chemical Tanker Shipping Market is expected to reach USD 339.5 billion by 2027, according to a new report by Grand View Research, Inc.


After a severe downfall in 2015 to 2016, the U.S. shale oil/gas is likely to reach its full production scale by 2018. It is also expected to increase its ethylene and caustic soda exports in reliance with associated low energy prices. These factors are expected to drive the chemical tanker market in North America.

The growing economy of Mexico and other South American countries is expected to spur the growth of the market in the region. Moreover, as Mexico enjoys free trade with most of the South American nations, it is expected to act as an added advantage for the industry.

The Great Lakes region is one of the most significant shipping routes for trade between Canada and the U.S.  Charters in this area are expected to maintain competitive freight rates on account of weak spot prices and an oversupply of chemical tankers. However, negative sentiments among manufactures regarding the renegotiation of NAFTA coupled with the lack in supply of chemical tankers is likely to hamper the shipping industry in this region.

To Know More About Chemical Tanker Shipping Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/north-america-chemical-tanker-shipping-market

The chemical tanker ships used for trading includes inland, coastal and deep-sea ships. The selection of the ships for transportation depends upon the demand size and type of cargos such as IMO I, IMO II, and IMO III. There are approximately 73 tank terminals located in Canada and 1,566 located in the U.S.

Top Players of North American Chemical Tanker Shipping Market:

Some of the companies involved in the industry include Alaska Tanker Company, Algoma Central Co, Rigel Shipping Canada, The CSL Group, Inc., Canfornav, Inc., Stolt-Nielsen, and Odfjell SE among others.

Market Segmentation of North American Chemical Tanker Shipping Market:

North America Chemical Tanker Shipping Market Segmented on the basis of Shipping Route and Cargo Type.

By Shipping Route:

    Inland   
    Coastal 
    Deep Sea

By Cargo Type:

    IMO I
    IMO II
    IMO III

Inquire about Chemical Tanker Shipping Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4540
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