Chemical Tankers Market Worth 33.11 Billion USD by 2022 - Press Release
Chemical Tankers Market by Product Type (Organic Chemicals, Inorganic Chemicals, Vegetable Oils & Fats), Fleet Type (IMO 1, IMO 2, IMO 3), Fleet Material (Stainless Steel, Coated), Fleet Size, and Region - Global Forecast to 2022
This press release was orginally distributed by SBWire
Northbrook, IL -- (SBWIRE) -- 04/13/2018 -- The flourishing chemical industry and increasing capacities of chemical manufacturers are driving the demand for chemical tankers across the globe. Moreover, the increasing demand for vegetable oils & fats is also expected to fuel the growth of the chemical tankers market during the forecast period.
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The vegetable oils & fats product type segment of the chemical tankers market is projected to grow at the highest CAGR, in terms of value and volume from 2017 to 2022.
Vegetable oils & fats are among significant ingredients used in the food industry. In the recent years, there has been a steady increase in the production of oils & fats across the globe, which, in turn, has led to the growth of the vegetable oils & fats product type segment of the chemical tankers market. Moreover, the increasing consumption of vegetable oils & fats as they contain more unsaturated fatty acids than animal fats is also leading to the growth of this segment of the market. Apart from this, the increasing global pop....