14OCT2019 - NEWS - Stainless Steel Chemical Tanker Sales to Surge 1.2X

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. 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. APAC is closely followed by Europe.

In terms of value and quantity during the forecast period, the Asia Pacific chemical tanker market is also expected to grow at a significant CAGR. Within Asia Pacific, China is expected to lead the market for chemical tankers in the Asia Pacific. The worldwide market for chemical tankers accumulates maximum earnings made by shipping chemicals and their related products.