Crude Oil Carrier Market Research Report - Forecast to 2027

Crude Oil Carrier Market Segmented by Hull Type (Single Bottom, Double Hull, Double Bottom) and Dead Weight Tonnage - Global Forecast Till 2027

ID: MRFR/E&P/5230-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for updated data.

Crude Oil Carrier Market Snapshot

Crude oil tankers have played an integral role in the transportation of the oil across the world. The energy value chain is considerably benefitted from the services provided by crude oil carriers.


As per a report made available by MRFR, crude oil carrier market is anticipated to expand with a 4.2% CAGR while raking in revenues worth USD 247.5 billion by 2023. The intensification of crude oil extraction activities has increased the demand for the market.


Escalation in production point to refinery routes has translated positively into the development of the market in the recent years. The different vessel sizes have improved the volume of crude oil that can be transported to various locations around the world. The demand for crude oil has been identified as a key motivator for the progress in crude oil carrier market. The upsurge in the production of crude oil in the African continent is anticipated to spur the expansion of the crude oil tanker market in the impending years.


Report Overview


The report aims to create a thorough understanding of the crude oil carrier market that includes significant trends gaining momentum in the market. The report includes the existing market status, industry trends and recent developments in the petroleum carriers market that will have significant bearing on the long-term growth of the market. The scope of the research includes the segments of the market such as hull type and dead weight tonnage. The market structure is better defined to include the different aspects of the market. A revenue analysis on the existing application areas is also offered in the report.


Report Coverage


The report on the global crude oil market covers aspects such as forecast, historical market trends, market dynamics, market value by region as well as by country-level analysis for every individual market segment, key player’s market share analysis, segmentation, and market factor analysis which contains supply chain and Porter’s five forces analysis of the market.


Crude Oil Carrier Industry - Companies Covered


The notable players existing in the crude oil carrier market are Teekay Corporation, Frontline, Shipping Corporation of India, Tsakos Energy Navigation Limited, Nordic American Tankers, Ship Finance International Limited, Taiyo Cabletec Corporation, Maersk Tankers, Essar, Kuwait Oil Tanker Company S.A.K and Alaska Tanker Company


Research Methodology


The report methodology employed by Market Research Future brings forth a great deal of lucidity associated to the existing market scenarios and how the current competitors are strategizing in the present set up. The reports have an intrinsic capability to cover all aspects relevant to forming a knowledgeable view of any given market. The joint use of primary and secondary research increases the efficacy of the reports in achieving the purpose mentioned above. The clients through our reports gain access to information that can transform their strategies related to their market significantly helping them to capture a more major portion of the market. The best strategies for growth in the market are highlighted upon so as to develop the market intensively. The top up and bottom down approaches engaged are valuable in detecting the trends that will be influencing the market in the forecast period.


Crude Oil Carrier Market Segmental Analysis

The segmentation analysis of the crude oil carrier market is done to enable better understanding of the market.


By Hull Type

  • Single Bottom

  • Double Hull

  • Double Bottom


By Dead Weight Tonnage

  • 25,000 MT-50,000 MT,

  • 50,000 MT-75,000 MT,

  • 75,000 MT-120,000 MT,

  • 120,000 MT-180,000 MT,

  • 180,000 MT -320,000 MT,

  • above 320,000 MT



Report Scope:
Report Attribute/Metric Details
  Market Size   2023: USD 247.5 Billion
  CAGR   4.2% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Hull Type and Dead Weight Tonnage
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Teekay Corporation, Frontline, Shipping Corporation of India, Tsakos Energy Navigation Limited, Nordic American Tankers, Ship Finance International Limited, Taiyo Cabletec Corporation, Maersk Tankers, Essar, Kuwait Oil Tanker Company S.A.K and Alaska Tanker Company
  Key Market Opportunities   Increasing investment by government in fuel additives
  Key Market Drivers

  • Rising demand for low emission and efficient energy source
  • Stringent environmental regulations


  • Frequently Asked Questions (FAQ) :


    The market for crude oil carrier is estimated to surge at a CAGR of 4.2% during the assessment timeline.

    By 2023, the market value is anticipated to be USD 247.5 USD billion.

    Ship Finance International Limited, Nordic American Tankers, Alaska Tanker Company, Taiyo Cabletec Corporation, Teekay Corporation, Essar, Frontline, Kuwait Oil Tanker Company S.A.K, Maersk Tankers, Shipping Corporation of India, Tsakos Energy Navigation Limited, and others are the most significant vendors in the global market.

    Some of the most compelling factors in the market expansion include the amplified rate of industrialization, accelerated demand for crude oil across numerous regions and the reduced bunker fuel costs among others.

    The growth opportunities in the worldwide market for crude oil carrier includes the increasing production levels of oil in Africa, which is only expected to surge in the coming years.

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.3 Market Structure

    2.4 Key Takeaways

    2.5 Key Buying Criteria

    3 Market Insights

    4 Research Methodology

    4.1 Research Module

    4.2 Primary Research

    4.3 Secondary Research

    4.4 Market Size Estimation

    4.5 Forecast Model

    4.6 List of Assumptions

    5 Market Dynamics

    5.1 Introduction

    5.2 Drivers

    5.2.1 Rising demand for low emission and efficient energy source

    5.2.2 Stringent environmental regulations

    5.3 Restraints

    5.3.1 Involvement of significant Initial Investment

    5.3.2 Restrain Impact Analysis

    5.4 Opportunities

    5.4.1 Increasing investment by government in fuel additives

    5.5 Supply Chain Analysis

    5.6 Porter’s Five Forces Model

    5.6.1 Threat of New Entrants

    5.6.2 Bargaining Power of Suppliers

    5.6.3 Bargaining Power of Buyers

    5.6.4 Threat of Substitutes

    5.6.5 Intensity of Rivalry

    6 Global Specialty Fuel Additives Market, By Type

    6.1 Overview

    6.1.1 Deposit Control

    6.1.1.1 Market Estimates & Forecast, 2020-2027

    6.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

    6.1.2 Antioxidant, Corrosion

    6.1.2.1 Market Estimates & Forecast, 2020-2027

    6.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

    6.1.3 Corrosion Inhibitors

    6.1.3.1 Market Estimates & Forecast, 2020-2027

    6.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

    6.1.4 Others

    6.1.4.1 Market Estimates & Forecast, 2020-2027

    6.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7 Global Specialty Fuel Additives Market, By Application

    7.1 Overview

    7.1.1 Diesel

    7.1.1.1 Market Estimates & Forecast, 2020-2027

    7.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7.1.2 Gasoline

    7.1.2.1 Market Estimates & Forecast, 2020-2027

    7.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7.1.3 Aviation turbine fuel

    7.1.3.1 Market Estimates & Forecast, 2020-2027

    7.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7.1.4 Others

    7.1.4.1 Market Estimates & Forecast, 2020-2027

    7.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

    8 Global Specialty Fuel Additives Market, By Region

    8.1 Overview

    8.2 North America

    8.2.1 Market Estimates & Forecast, By Country, 2020-2027

    8.2.2 Market Estimates & Forecast, By Type, 2020-2027

    8.2.3 Market Estimates & Forecast, By Application, 2020-2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.2.6 Mexico

    8.2.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.2.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, By Country, 2020-2027

    8.3.2 Market Estimates & Forecast, By Type, 2020-2027

    8.3.3 Market Estimates & Forecast, By Application, 2020-2027

    8.3.4 UK

    8.3.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.4.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.3.6 Spain

    8.3.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.6.3 Market Estimates & Forecast, By Application, 2020-2027

    8.3.7 Rest of Europe

    8.3.7.1 Market Estimates & Forecast, By Type, 2020-2027

    8.3.7.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4 Asia Pacific

    8.4.1 Market Estimates & Forecast, By Country, 2020-2027

    8.4.2 Market Estimates & Forecast, By Type, 2020-2027

    8.4.3 Market Estimates & Forecast, By Application, 2020-2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.4.3 Market Estimates & Forecast, By Application, 2020-2027

    8.4.5 Japan

    8.4.5.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.5.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.6 India

    8.4.6.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.6.2 Market Estimates & Forecast, By Application, 2020-2027

    8.4.7 Rest of Asia Pacific

    8.4.7.1 Market Estimates & Forecast, By Type, 2020-2027

    8.4.7.2 Market Estimates & Forecast, By Application, 2020-2027

    8.5 Rest of the World

    8.5.1 Market Estimates & Forecast, By Country, 2020-2027

    8.5.2 Market Estimates & Forecast, By Type, 2020-2027

    8.5.3 Market Estimates & Forecast, By Application, 2020-2027

    11 Competitive Landscape

    11.1 Competitive Scenario

    11.1.1 Competitive Overview of the Global Specialty Fuel Additives Market

    11.1.2 Competitive Benchmarking of the Global Specialty Fuel Additives Market

    11.1.3 Market Share Analysis: Global Specialty Fuel Additives Manufacturers

    11.1.5 New Product Development

    11.1.6 Merger & Acquisition in Global Specialty Fuel Additives Market

    11.1.7 Partnership/Collaboration

    11.1.8 Joint Ventures

    12 Company Profiles

    12.1 DORF KETAL

    12.1.1 Company Overview

    12.1.2 Financial Overview

    12.1.3 Type Offerings

    12.1.4 Key Developments

    12.1.5 SWOT Analysis

    12.1.6 Key Strategy

    12.2 Eurenco

    12.2.1 Company Overview

    12.2.2 Financial Overview

    12.2.3 Type Offerings

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.2.6 Key Strategy

    12.3 Dow(US)

    12.3.1 Company Overview

    12.3.2 Financial Overview

    12.3.3 Type Offerings

    12.3.4 Key Developments

    12.3.5 SWOT Analysis

    12.3.6 Key Strategy

    12.4 Ecolab, LANXESS (US)

    12.4.1 Company Overview

    12.4.2 Financial Overview

    12.4.3 Type Offerings

    12.4.4 Key Developments

    12.4.5 SWOT Analysis

    12.4.6 Key Strategy

    12.5 Total (France)

    12.5.1 Company Overview

    12.5.2 Financial Overview

    12.5.3 Type Offerings

    12.5.4 Key Developments

    12.5.5 SWOT Analysis

    12.5.6 Key Strategy

    12.6 Chevron Corporation (US)

    12.6.1 Company Overview

    12.6.2 Financial Overview

    12.6.3 Type Offerings

    12.6.4 Key Developments

    12.6.5 SWOT Analysis

    12.6.6 Key Strategy

    12.7 Innospec(Colorado)

    12.7.1 Company Overview

    12.7.2 Financial Overview

    12.7.3 Type Offerings

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.7.6 Key Strategy

    12.8 Lubrizol Corporation (US)

    12.8.1 Company Overview

    12.8.2 Financial Overview

    12.8.3 Type Offerings

    12.8.4 Key Developments

    12.8.5 SWOT Analysis

    12.8.6 Key Strategy

    LIST OF TABLES

    TABLE 1 MARKET SYNOPSIS

    TABLE 2 LIST OF ASSUMPTIONS

    TABLE 3 EUROPE AIR QUALITY STANDARDS

    TABLE 4 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 5 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 6 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY REGION, 2020-2027 (USD MILLION)

    TABLE 7 NORTH AMERICA: SPECIALTY FUEL ADDITIVESMARKET, BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 8 NORTH AMERICA: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 9 NORTH AMERICA: SPECIALTY FUEL ADDITIVESMARKET, BY MODULE, 2020-2027 (USD MILLION)

    TABLE 10 NORTH AMERICA: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 11 U.S.: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 12 U.S.: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 13 CANADA: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 14 CANADA: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 15 MEXICO: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 16 MEXICO: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 17 EUROPE SPECIALTY FUEL ADDITIVESMARKET, BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 18 EUROPE: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 19 EUROPE: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 20 U.K.: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 21 U.K.: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 22 FRANCE: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 23 FRANCE: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 24 SPAIN: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 25 SPAIN: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 26 REST OF EUROPE: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 27 REST OF EUROPE: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 28 ASIA PACIFIC SPECIALTY FUEL ADDITIVESMARKET, BY COUNTRY, 2020-2027 (USD MILLION)

    TABLE 29 ASIA PACIFIC: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 30 ASIA PACIFIC: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 31 CHINA: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 32 CHINA: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 33 JAPAN: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 34 JAPAN: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 35 INDIA: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 36 INDIA: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 37 REST OF ASIA PACIFIC: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION0

    TABLE 38 REST OF ASIA PACIFIC: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    TABLE 39 ROW SPECIALTY FUEL ADDITIVESMARKET, BY REGION, 2020-2027 (USD MILLION) 72

    TABLE 40 ROW: SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020-2027 (USD MILLION)

    TABLE 41 ROW: SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    LIST OF FIGURES

    FIGURE 1 GLOBAL SPECIALTY FUEL ADDITIVESMARKET: MARKET STRUCTURE

    FIGURE 2 RESEARCH MODULE OF MRFR

    FIGURE 3 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 4 DRO ANALYSIS OF GLOBAL SPECIALTY FUEL ADDITIVESMARKET

    FIGURE 5 DRIVERS IMPACT ANALYSIS: SPECIALTY FUEL ADDITIVESMARKET

    FIGURE 6 RESTRAINTS IMPACT ANALYSIS: SPECIALTY FUEL ADDITIVESMARKET

    FIGURE 7 VALUE CHAIN: SPECIALTY FUEL ADDITIVESMARKET

    FIGURE 8 PORTER'S 5 FORCES ANALYSIS

    FIGURE 9 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY TYPE, 2020 (% SHARE)

    FIGURE 10 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY APPLICATION, 2020 (% SHARE)

    FIGURE 11 GLOBAL SPECIALTY FUEL ADDITIVESMARKET, BY REGION, 2020 (% SHARE)

    FIGURE 12 NORTH AMERICA: SPECIALTY FUEL ADDITIVESMARKET SHARE, BY COUNTRY, 2020 (% SHARE)

    FIGURE 13 EUROPE SPECIALTY FUEL ADDITIVESMARKET, BY COUNTRY, 2020 (% SHARE) 51

    FIGURE 14 ASIA PACIFIC SPECIALTY FUEL ADDITIVESMARKET, BY COUNTRY, 2020 (% SHARE)

    FIGURE 15 ROW SPECIALTY FUEL ADDITIVESMARKET, BY REGION, 2020 (% SHARE)

    FIGURE 16 BENCHMARKING OF MAJOR COMPETITORS

    FIGURE 17 MAJOR MANUFACTURER MARKET SHARE ANALYSIS, 2020 (% SHARE)