Chemical Planet

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 ...

The growing chemical trade on account of increasing manufacturing activities across the world is projected to augment market demand. The disparity in regional production and demand trends has triggered the global trade for chemicals and derivatives. The Global Chemical Tanker Shipping Market is anticipated to reach USD 2.50 trillion by 2025, according to a new report by Grand View Research, Inc. Organic chemicals such as acetic acid, alcohols, propene, benzene, salt, benzyl acetate, methanol, formic acid, and phenol are some of the vital substances shipped through chemical tankers across the world. The U.S., China, Germany, and Russia are some of the major exporters of chemicals and are expected to foster the global chemical trade over the coming years. To Know More About Chemical Tanker Shipping Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/chemical-tanker-shipping-market The U.S. will probably grow at a high rate on account of increasing nu...