Chemical Tankers Market Report 2026

The chemical tankers market size has grown strongly in recent years. It will grow from $38.19 billion in 2025 to $40.72 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growth of global chemical production, expansion of international trade routes, increasing demand for bulk liquid transport, established maritime safety regulations, availability of coated tanker technologies.

The chemical tankers market size is expected to see strong growth in the next few years. It will grow to $51.85 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing investments in advanced tanker designs, rising demand for high-purity chemical transport, expansion of specialty chemical markets, growing focus on environmental safety compliance, increasing digitalization of fleet operations. Major trends in the forecast period include increasing demand for specialized chemical transportation, rising adoption of stainless steel chemical tankers, growing focus on safety and regulatory compliance, expansion of global chemical trade routes, enhanced fleet modernization initiatives.

The growth of the chemical industry is expected to drive the growth of the chemical tankers market. Companies in the chemical industry require chemical tankers to transport and move their chemical compounds between locations, generating demand for these vessels. For instance, in February 2025, according to Atradius N.V., a Netherlands-based trade company, US chemical production grew by 2.1% in 2024, with solid growth projected at 3.8% in 2025 and 2.7% in 2026. Therefore, the growth of the chemical industry is fueling the chemical tankers market.

Major companies operating in the chemical tankers market are focusing on service advancements such as chemical tanker pools to optimize fleet utilization and expand service offerings. Chemical tanker pools refer to collaborative arrangements where multiple shipowners combine their vessels into a single fleet, managed collectively to optimize operations, share profits, and enhance market efficiency. For instance, in September 2024, Maersk Tankers, a Denmark-based shipping and logistics company, launched the Maersk Tankers Pool, specializing in managing and operating a variety of tanker vessels with a primary focus on the transportation of chemical and crude oil. The company boasts a diverse fleet that includes J19 stainless steel chemical tankers, as well as Suezmax, Aframax, Panamax, and other vessel classes. Leveraging its extensive experience and expertise in the shipping industry, Mack Tankers delivers efficient and reliable logistics solutions, aiming to maximize returns for its partners.

In March 2024, MOL Chemical Tankers, a Singapore-based shipping company specializing in chemical transportation, acquired Fairfield Chemical Carriers for an undisclosed amount. This acquisition enables MOL Chemical Tankers to strengthen its global chemical shipping network, expand fleet capacity, enhance operational efficiency, and provide more comprehensive logistics solutions to clients in the chemical industry. Fairfield Chemical Carriers is a US-based chemical tanker operator managing a fleet of vessels that transport a wide range of industrial chemicals.

Major companies operating in the chemical tankers market are Stolt-Nielsen Limited, Odfjell SE, MISC Berhad, Bahri, Navig8 Limited, Iino Kaiun Kaisha Ltd, MITSUI O.S.K. LINES, Hansa Tankers, PT Berlian Laju Tanker Tbk, Maersk Tankers, MOL Chemical Tankers, Tanglian Group, Zen Shipping & Ports India Pvt Ltd, Hafnia Ltd, The Seatrans Group, Sovcomflot, Scot Tanker, Rigel Shipping Canada Inc, Ultratank, PanOcean Tanker, Sernacol, Ace Tankers, Fairfield Chemical Carriers, M/T Ternsund Chemical Tanker.

Asia-Pacific was the largest region in the chemical tanker market in 2025. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the chemical tankers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical tankers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The chemical tanker market consists of sales of parcel chemical tankers and dedicated chemical tankers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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