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North America Chemical Tanker Shipping Market Analysis By Shipment Route (Inland, Coastal, Deep Sea), By Cargo Type (IMO I, IMO II, IMO III), By Country, And Segment Forecasts, 2014 - 2027

North America Chemical Tanker Shipping Market Analysis By Shipment Route (Inland, Coastal, Deep Sea), By Cargo Type (IMO I, IMO II, IMO III), By Country, And Segment Forecasts, 2014 - 2027

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. The growing chemical products exports and low chartered rates are expected to drive the market during the forecast period.

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 are expected to maintain competitive freight rates on account of weak spot prices and an oversupply of chemical tankers. However, negative sentiments among manufactures regarding the renegotiation of NAFTA coupled with the lack in supply of chemical tankers is likely to hamper the shipping industry in this region.

The chemical tanker ships used for trading includes inland, coastal and deep-sea ships. The selection of the ships for transportation depends upon the demand size and type of cargos such as IMO I, IMO II, and IMO III. There are approximately 73 tank terminals located in Canada and 1,566 located in the U.S.

Further key findings from the report suggest:

  • Canadian chemical tanked shipping market is expected to reach a market valuation of USD 60.6 billion by 2027
  • The re-stabilization of North American chemical and shale oil & gas industry will heavily contribute to the chemical tanker shipping market growth
  • Appreciated dollar rates contributed to slow trade in 2014-2016, making North American products expensive in comparison with the other developed/developing nations. However, exchange rates are likely to decrease in 2017 making American products competitive again.
  • Deep Sea shipment route in Canada is expected to have the highest growth rate to reach a market value of USD 41.76 billion during the forecast period
  • In 2016, the U.S. shipments through the Great Lakes region were estimated at 7,767.4 kilo tons and is projected to reach 11,494.2 kilo tons by the end of 2027


Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 North America chemical tanker shipping market - Industry snapshot and key buying criteria
Chapter 3 Chemical Tanker Shipping: Market Variables, Trends, and Scope
3.1 Market segmentation & scope
3.2 Value chain analysis
3.3 Trade dynamics
3.3.1 U.S.
3.3.2 Canada
3.3.3 Mexico
3.4 Chemical export ranking, by players
3.5 Canadian fagged vessel
3.6 Demand/supply landscape
3.7 Market dynamics
3.7.1 Market driver analysis
3.7.1.1 Shale gas evolution
3.7.1.2 Increasing global demand for chemicals
3.7.1.3 Lower crude oil prices
3.7.2 Market restraint analysis
3.7.2.1 Renegotiation of the North American Free Trade Agreement (NAFTA)
3.8 Industry analysis - Porter’s
3.9 PESTEL analysis
Chapter 4 Great Lakes Chemical Tanker Shipping: Market Variables, Trends, and Scope
4.1 Introduction
4.2 Contractual behavior
4.3 Charter rates
4.4 Backhaul shipment - Great Lakes to Europe
4.5 Economic indicators
4.5.1 U.S
4.5.2 Canada
4.5.3 Mexico
Chapter 5 Great Lakes Trade Dynamic
Chapter 6 Great Lakes - Company Profiles
6.1 Alaska Tanker Company
6.1.1 Company overview
6.1.2 Product benchmarking
6.2 Algoma Central Corporation
6.2.1 Company overview
6.2.2 Financial performance
6.2.3 Product benchmarking
6.3 Rigel Shipping Canada, Inc.
6.3.1 Company overview
6.3.2 Product benchmarking
6.4 The CSL Group, Inc.
6.4.1 Company overview
6.4.2 Product benchmarking
6.5 Canfornav, Inc.
6.5.1 Company overview
6.5.2 Financial performance
6.5.3 Product benchmarking
6.6 Fednav International Ltd.
6.6.1 Company overview
6.6.2 Financial performance
6.6.3 Product benchmarking
6.7 Groupe Desgagnés Inc.
6.7.1 Company overview
6.7.2 Financial performance
6.7.3 Product benchmarking
6.7.4 Strategic initiatives
6.8 Andrie, Inc.
6.8.1 Company overview
6.8.2 Financial performance
6.8.3 Product benchmarking
6.9 American Steamship Company (ASC)
6.9.1 Company overview
6.9.2 Product benchmarking
Chapter 7 North American Chemical Tanker Shipping Market: Shipment Route Estimates & Trend Analysis
7.1 Shipment route movement analysis & market share, 2016 & 2027
7.2 North American chemical tanker market size forecasts and trend analysis by shipment route, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.1 Inland
7.2.1.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.1.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.2 Coastal
7.2.2.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.2.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.3 Deep Sea
7.2.3.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
7.2.3.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
Chapter 8 Chemical Tanker Shipping Market: Cargo Types Estimates & Trend Analysis
8.1 Cargo type movement analysis & market share, 2016 & 2027
8.2 North America chemical tanker shipping market estimates & forecast by cargo type, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.1 IMO I
8.2.1.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.1.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.2 IMO II
8.2.2.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.2.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.3 IMO III
8.2.3.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
8.2.3.2 Market estimates & forecast, by country, 2014 - 2027 (Kilo Tons) (USD Million)
Chapter 9 Chemical Tanker Shipping Market: Regional Estimates & Trend Analysis
9.1 Regional movement analysis & market share, 2016 & 2027
9.2 North America chemical tanker shipping estimates & forecast by country, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.1 U.S.
9.2.1.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.1.2 Market estimates & forecast, by shipment route, 2020 - 2027 (Kilo Tons) (USD Million)
9.2.1.3 Market estimates & forecast by cargo type, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.1.4 U.S. Great Lakes market estimates & forecast, 2020 - 2027 (Kilo Tons) (USD Million)
9.2.2 Canada
9.2.2.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.2.2 Market estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons) (USD Million)
9.2.2.3 Market estimates & forecast by cargo type, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.2.4 Canada Great Lakes market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.3 Mexico
9.2.2.1 Market estimates & forecast, 2014 - 2027 (Kilo Tons) (USD Million)
9.2.3.1 Market estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons) (USD Million)
9.2.3.2 Market estimates & forecast by cargo type, 2014 - 2027 (Kilo Tons) (USD Million)
Chapter 10 Competitive Landscape
10.1 Vendor Landscape
10.2 Competitive Environment
10.3 Company Market Positioning
Chapter 11 Company Profiles
11.1 Stolt-Nielsen Limited
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 Strategic initiatives
11.2 Odfjell SE
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 Navig8 Group
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 Iino Kaiun Kaisha, Ltd.
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.5 United Product Tankers GmbH & Co. KG
11.5.1 Company overview
11.5.2 Product benchmarking
11.6 Chembulk Maritime World
11.6.1 Company overview
11.6.2 Product benchmarking
11.7 Navios Maritime Acquisition Corp.
11.7.1 Company overview
11.7.2 Product benchmarking
11.7.3 Strategic initiatives
11.8 Maersk Tankers
11.8.1 Company overview
11.8.2 Product benchmarking
11.8.3 Strategic initiatives
11.9 Stena Bulk
11.9.1 Company overview
11.9.2 Product benchmarking
11.9.3 Strategic initiatives
11.10 MSC Mediterranean Shipping Company S.A.
11.10.1 Company overview
11.10.2 Product benchmarking
List of Tables
TABLE 1 U.S. chemical export, by country, 2011 to 2015 (USD Billion)
TABLE 2 Canada chemical import from U.S., by state, 2012 to 2016 (USD Million)
TABLE 3 U.S. fuel export, by country, 2011 to 2015 (USD Billion)
TABLE 4 Canada chemical export, by country, 2011 to 2015 (USD Billion)
TABLE 5 Canada fuel export, by country, 2011 to 2015 (USD Billion)
TABLE 6 Mexico chemical export, by country, 2011 to 2015 (USD Billion)
TABLE 7 Mexico fuel export, by country, 2011 to 2015 (USD Billion)
TABLE 8 Canadian flagged vessel details
TABLE 9 Economic impact of carriage flag
TABLE 10 Ownership of world fleet, 2016
TABLE 11 Chemical tankers delivered in 2016
TABLE 12 Chemical tankers on order, by vessel type
TABLE 13 Chemical tankers on order, by country of ship-owners
TABLE 14 Chemical tankers on order, by ship-owners
TABLE 15 Chemical tanker shipping - Key market driver impact
TABLE 16 U.S. chemicals & related product export and imports, 2010 to 2014 (USD Million)
TABLE 17 Chemical tanker shipping - Key market restraints impact
TABLE 18 Wet time charter estimates (USD/ per day pro rata)
TABLE 19 Great Lakes - Lake Ontario, Including Lower Niagara River, 2014 (Tons)
TABLE 20 Great Lakes - Lake Erie, Including Upper Niagara River, 2014 (Tons)
TABLE 21 Great Lakes - Lake Huron, 2014 (Tons)
TABLE 22 Great Lakes - Lake Michigan, 2014 (Tons)
TABLE 23 Great Lakes - Lake Superior, 2014 (Tons)
TABLE 24 North American chemical tanker market volume estimates & forecast by shipment route, 2014 - 2019 (Kilo Tons)
TABLE 25 North American chemical tanker market volume estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons)
TABLE 26 North American chemical tanker market revenue estimates & forecast by shipment route, 2014 - 2019 (USD Million)
TABLE 27 North American chemical tanker market revenue estimates & forecast by shipment route, 2020 - 2027 (USD Million)
TABLE 28 North America chemical tanker shipping market estimates & forecast from inland, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 29 North America chemical tanker shipping market estimates & forecast from inland, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 30 North America chemical tanker market volume estimates & forecast from inland, by region, 2014 - 2019 (Kilo Tons)
TABLE 31 North America chemical tanker market volume estimates & forecast from inland, by region, 2020-2027 (Kilo Tons)
TABLE 32 North America chemical tanker market revenue estimates & forecast from inland, by region, 2014 - 2019 (USD Million)
TABLE 33 North America chemical tanker market revenue estimates & forecast from inland, by region, 2014 - 2027 (USD Million)
TABLE 34 North America chemical tanker shipping market estimates & forecast from coastal, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 35 North America chemical tanker shipping market estimates & forecast from coastal, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 36 North America chemical tanker market volume estimates & forecast from coastal, by region, 2014 - 2019 (Kilo Tons)
TABLE 37 North America chemical tanker market volume estimates & forecast from coastal, by region, 2020-2027 (Kilo Tons)
TABLE 38 North America chemical tanker market revenue estimates & forecast from coastal, by region, 2014 - 2019 (USD Million)
TABLE 39 North America chemical tanker market revenue estimates & forecast from coastal, by region, 2014 - 2027 (USD Million)
TABLE 40 North America chemical tanker shipping market estimates & forecast from deep sea, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 41 North America chemical tanker shipping market estimates & forecast from deep sea, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 42 North America chemical tanker market volume estimates & forecast from deep sea, by region, 2014 - 2019 (Kilo Tons)
TABLE 43 North America chemical tanker market volume estimates & forecast from deep sea, by region, 2020-2027 (Kilo Tons)
TABLE 44 North America chemical tanker market revenue estimates & forecast from deep sea, by region, 2014 - 2019 (USD Million)
TABLE 45 North America chemical tanker market revenue estimates & forecast from deep sea, by region, 2014 - 2027 (USD Million)
TABLE 46 North America chemical tanker shipping volume estimates & forecast by cargo type, 2014 - 2019 (Kilo Tons)
TABLE 47 North America chemical tanker shipping volume estimates & forecast by cargo type, 2020 - 2027 (Kilo Tons)
TABLE 48 North America chemical tanker shipping revenue estimates & forecast by cargo type, 2014 - 2019 (USD Million)
TABLE 49 North America chemical tanker shipping revenue estimates & forecast by cargo type, 2020 - 2027 (USD Million)
TABLE 50 North America IMO I chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 51 North America IMO I chemical tanker shipping market estimates & forecast, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 52 North America IMO I chemical tanker shipping volume estimates & forecast by country, 2014 - 2019 (Kilo Tons)
TABLE 53 North America IMO I chemical tanker shipping volume estimates & forecast by country, 2020 - 2027 (Kilo Tons)
TABLE 54 North America IMO I chemical tanker shipping revenue estimates & forecast by country, 2014 - 2019 (USD Million)
TABLE 55 North America IMO I chemical tanker shipping revenue estimates & forecast by country, 2020 - 2027 (USD Million)
TABLE 56 North America IMO II chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 57 North America IMO II chemical tanker shipping market estimates & forecast, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 58 North America IMO II chemical tanker shipping volume estimates & forecast by country, 2014 - 2019 (Kilo Tons)
TABLE 59 North America IMO II chemical tanker shipping volume estimates & forecast by country, 2020 - 2027 (Kilo Tons)
TABLE 60 North America IMO II chemical tanker shipping revenue estimates & forecast by country, 2014 - 2019 (USD Million)
TABLE 61 North America IMO II chemical tanker shipping revenue estimates & forecast by country, 2020 - 2027 (USD Million)
TABLE 62 North America IMO III chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 63 North America IMO III chemical tanker shipping market estimates & forecast, 2020 - 2027 (Kilo Tons) (USD Million)
TABLE 64 North America IMO III chemical tanker shipping volume estimates & forecast by country, 2014 - 2019 (Kilo Tons)
TABLE 65 North America IMO III chemical tanker shipping volume estimates & forecast by country, 2020 - 2027 (Kilo Tons)
TABLE 66 North America IMO III chemical tanker shipping revenue estimates & forecast by country, 2014 - 2019 (USD Million)
TABLE 67 North America IMO III chemical tanker shipping revenue estimates & forecast by country, 2020 - 2027 (USD Million)
TABLE 68 North America chemical tanker shipping volume estimates & forecast by country, 2014 - 2019 (Kilo Tons)
TABLE 69 North America chemical tanker shipping volume estimates & forecast by country, 2020 - 2027 (Kilo Tons)
TABLE 70 North America chemical tanker shipping revenue estimates & forecast by country, 2014 - 2019 (USD Million)
TABLE 71 North America chemical tanker shipping revenue estimates & forecast by country, 2020 - 2027 (USD Million)
TABLE 72 U.S. chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 73 U.S. chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 74 U.S. chemical tanker shipping volume estimates & forecast by shipment route, 2014 - 2019 (Kilo Tons)
TABLE 75 U.S. chemical tanker shipping volume estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons)
TABLE 76 U.S. chemical tanker shipping revenue estimates & forecast by shipment route, 2014 - 2019 (USD Million)
TABLE 77 U.S. chemical tanker shipping revenue estimates & forecast by shipment route, 2020 - 2027 (USD Million)
TABLE 78 U.S. chemical tanker shipping volume estimates & forecast by cargo type, 2014 - 2019 (Kilo Tons)
TABLE 79 U.S. chemical tanker shipping volume estimates & forecast by cargo type, 2020 - 2027 (Kilo Tons)
TABLE 80 U.S. chemical tanker shipping revenue estimates & forecast by cargo type, 2014 - 2019 (USD Million)
TABLE 81 U.S. chemical tanker shipping revenue estimates & forecast by cargo type, 2020 - 2027 (USD Million)
TABLE 82 U.S. Great Lakes chemical tanker shipping volume estimates & forecast, 2014 - 2019 (Kilo Tons)
TABLE 83 U.S. Great Lakes chemical tanker shipping volume estimates & forecast, 2020 - 2027 (Kilo Tons)
TABLE 84 U.S. Great Lakes chemical tanker shipping revenue estimates & forecast, 2014 - 2019 (USD Million)
TABLE 85 U.S. Great Lakes chemical tanker shipping revenue estimates & forecast, 2020 - 2027 (USD Million)
TABLE 86 Canada chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 87 Canada chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 88 Canada chemical tanker shipping volume estimates & forecast by shipment route, 2014 - 2019 (Kilo Tons)
TABLE 89 Canada chemical tanker shipping volume estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons)
TABLE 90 Canada chemical tanker shipping revenue estimates & forecast by shipment route, 2014 - 2019 (USD Million)
TABLE 91 Canada chemical tanker shipping revenue estimates & forecast by shipment route, 2020 - 2027 (USD Million)
TABLE 92 Canada chemical tanker shipping volume estimates & forecast by cargo type, 2014 - 2019 (Kilo Tons)
TABLE 93 Canada chemical tanker shipping volume estimates & forecast by cargo type, 2020 - 2027 (Kilo Tons)
TABLE 94 Canada chemical tanker shipping revenue estimates & forecast by cargo type, 2014 - 2019 (USD Million)
TABLE 95 Canada chemical tanker shipping revenue estimates & forecast by cargo type, 2020 - 2027 (USD Million)
TABLE 96 Canada Great Lakes chemical tanker shipping volume estimates & forecast, 2014 - 2019 (Kilo Tons)
TABLE 97 Canada Great Lakes chemical tanker shipping volume estimates & forecast, 2020 - 2027 (Kilo Tons)
TABLE 98 Canada Great Lakes chemical tanker shipping revenue estimates & forecast, 2014 - 2019 (USD Million)
TABLE 99 Canada Great Lakes chemical tanker shipping revenue estimates & forecast, 2020 - 2027 (USD Million)
TABLE 100 Mexico chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 101 Mexico chemical tanker shipping market estimates & forecast, 2014 - 2019 (Kilo Tons) (USD Million)
TABLE 102 Mexico chemical tanker shipping volume estimates & forecast by shipment route, 2014 - 2019 (Kilo Tons)
TABLE 103 Mexico chemical tanker shipping volume estimates & forecast by shipment route, 2020 - 2027 (Kilo Tons)
TABLE 104 Mexico chemical tanker shipping revenue estimates & forecast by shipment route, 2014 - 2019 (USD Million)
TABLE 105 Mexico chemical tanker shipping revenue estimates & forecast by shipment route, 2020 - 2027 (USD Million)
TABLE 106 Mexico chemical tanker shipping volume estimates & forecast by cargo type, 2014 - 2019 (Kilo Tons)
TABLE 107 Mexico chemical tanker shipping volume estimates & forecast by cargo type, 2020 - 2027 (Kilo Tons)
TABLE 108 Mexico chemical tanker shipping revenue estimates & forecast by cargo type, 2014 - 2019 (USD Million)
TABLE 109 Mexico chemical tanker shipping revenue estimates & forecast by cargo type, 2020 - 2027 (USD Million)
List of Figures
FIG. 1 North America chemical tanker shipping market volume, 2016 (Kilo Tons)
FIG. 2 Chemical tanker shipping market segmentation
FIG. 3 Chemical tanker shipping value chain analysis
FIG. 4 Oil tankers - Demand, supply, and fleet utilization
FIG. 5 Chemical tanker shipping market dynamics
FIG. 6 North America shale gas and other gas production (Billion cubic feet per day)
FIG. 7 Global chemical industry sales for top-producing countries, 2015 (USD Billion)
FIG. 8 Crude oil prices, 2009 - 2016 (USD per Barrel)
FIG. 9 Chemical tanker shipping - Porter’s analysis
FIG. 10 Chemical tanker shipping - PESTEL analysis
FIG. 11 Aframax tanker spot rate, 2015 to 2017
FIG. 12 LR2 tanker spot rate, 2015 to 2017
FIG. 13 Suezmax tanker spot rate, 2015 to 2017
FIG. 14 U.S. GDP, 2010 to 2016 (USD Trillion)
FIG. 15 Canadian GDP, 2010 to 2016 (USD Billion)
FIG. 16 Canadian oil exports, 2012 to 2016 (USD Billion)
FIG. 17 Canada chemical shipments, 2007 to 2016 (USD Billion)
FIG. 18 Canada industrial chemical exports, 2007 to 2016 (USD Billion)
FIG. 19 Canada chemical imports, 2007 to 2016 (USD Billion)
FIG. 20 Mexico GDP, 2010 to 2016 (USD Billion)
FIG. 21 Chemical tanker shipping market volume by shipment route, 2016 & 2027 (Kilo Tons)
FIG. 22 Chemical tanker shipping market share by cargo type, 2016 & 2027 (Kilo Tons)
FIG. 23 Chemical tanker shipping market share by country, 2016 & 2027 (Kilo Tons)
FIG. 24 Competitive environment
FIG. 25 Company Market Positioning

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