North America Chemical Tanker Shipping Market 2030: Key Trends and Innovations
North America Chemical Tanker Shipping Market Growth & Trends The North America chemical tanker shipping market size is expected to reach USD 13.1 million by 2030 and is anticipated to grow at a CAGR of 3.8% from 2024 to 2030, 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 ...