The global chemical tanker market comprises hydrocarbon and chemical tankers that are engaged in seaborne transportation of commodity and specialty chemicals.

The shipping of chemicals via dedicated tankers is a safe, cost-effective, and reliable mode of transportation. Chemical tankers offer segregated cargo tanks that help prevent contamination and ensure product purity during transportation. Shipping chemicals via tankers also reduces carbon footprint significantly compared to road and rail options.

The Global chemical tanker market is estimated to be valued at US$ 36.16 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 To 2031.

Rising seaborne trade of oil, petrochemicals, and other industrial Chemical Tanker Market Trends  is expected to drive the demand for chemical tankers globally. Asia Pacific dominated the market in 2021 due to presence of large chemical industries and demand from China and India.

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