San Francisco, Feb. 04, 2016 (GLOBE NEWSWIRE) -- Global Chemical Tanker Shipping Market is expected to reach USD 2.23 trillion by 2020. Growth of global GDP on account of rapid industrialization in Asia Pacific and Latin America is expected to drive global chemical tanker shipping market. Shale gas boom particularly in the U.S., Canada and China is also expected to have a positive influence on the market growth. Rapid development of shale gas is expected to raise production level of organic chemicals which in turn is expected to fuel global chemical tanker shipping market. Large number of upcoming refinery and petrochemical integration projects particularly in the Middle East is expected to drive the future market.
Organic chemicals were the largest product segment shipped and accounted for 49.6% of total market volume in 2013. Increasing shale gas production in North America and China is expected to drive global organic chemical shipping market. Organic chemicals are also expected to witness the fastest growth of 4.6% from 2014 to 2020.
Browse Full Research Report With TOC On "Chemical Tanker Shipping Market Analysis By Product (Organic, Inorganic, Vegetable/Animal Oils), By Cargo Size (Inland, Coastal, Deep Sea), By Cargo Type (IMO I, IMO II, IMO III) And Segment Forecasts To 2020" at: http://www.radiantinsights.com/research/chemical-tanker-shipping-market-analysis-by-product-organic-inorganic-vegetable-animal-oils-by-cargo-size-inland-coastal-deep-sea-by-cargo-type-imo-i-imo-ii-imo-iii-and-segment-forecasts-to-2020
Further key findings from the study suggest:
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Global Chemical Tanker Shipping Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 - 2020)
Global Chemical Tanker Shipping Cargo Size Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 - 2020)
Global Chemical Tanker Shipping Cargo Type Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 - 2020)
Global Chemical Tanker Shipping Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2012 - 2020)
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