Market Research Report
Bulk Terminals Market, By Bulk Type (Dry Bulk and Liquid Bulk ) and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
|Published by||Coherent Market Insights||Product code||942054|
|Published||Content info||130 Pages
Delivery time: 2-3 business days
|Bulk Terminals Market, By Bulk Type (Dry Bulk and Liquid Bulk ) and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027|
|Published: June 8, 2020||Content info: 130 Pages||
Bulk Terminals Market, By Bulk Type (Dry Bulk (Grain, Coal, Iron ore and Others) and Liquid Bulk (Oil and Gas)) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.
Dry bulk is a product, shipped in large amounts and unpackaged situations by the bulk carrier. Generally, dry bulk products are categorized major dry bulk and Minor dry bulk, major dry bulk comprises Grains, Coal And Iron Ore, Minor bulk includes Minerals, fertilizer, cement, woods, sugar, Bauxite/Alumina, etc. Coal is the second-largest bulk commodity in terms of volume following iron ore commodity. There are also liquid bulk commodities, which includes oil, petroleum product, chemicals, gas, and processed fuels. Liquid bulk segment contributes more than 30% of total bulk trade-in terms volume throughput globally. Gas bulk trade involves various gasses like compressed natural gas, liquefied natural gas, and many other gases like hydrogen, etc.
Since the level of emission from power industries and automobiles has increased significantly, it has become mandatory to find substitutes for conventional fuels such as coal and other petroleum-based fuels. As a result of this, many major consumer economies have shown inclination to adopt natural gas as an effective substitute with lesser emission. According to Coherent Market Insights' analysis, Global natural gas production has grown by approximately 2.2% in 2015 than in the preceding year, whereas consumption of natural gas is increased by 1.7%. Countries such as Australia, Qatar, and Norway increased the export of natural gas significantly. According to the same source, global LNG trade was valued at around 244.8 MT in 2015, an increase of nearly 4.7 MT than that in 2014. Thus, increasing focus on natural gas from developed as well as emerging economies is expected to boost the global bulk terminals market growth over the forecast period. According to the United Nations (UN), global population has increased over 7 billion and is estimated to cross 8 billion, growing at a rate of 1.15% during the forecast period. Rapid increase in population has resulted in increase in the consumption of agricultural products. Moreover, agricultural production is highly concentrated on countries such as the U.S, Brazil, Argentina, China, and India, which accounts for over 75% of import and export of various grains as minor bulk commodities. According to Coherent Market Insights' analysis, global seaborne trade of grains crossed 453 million ton in 2015, whereas the wheat and coarse grain accounted for around 72% of the traded volume. Therefore, these factors are expected to propel the market growth in the near future.
This report segments the Global Bulk Terminals Market on the basis of Bulk Type and Region. On the basis of Bulk Terminals, Global Bulk Terminals Market is segmented into Dry Bulk (Grain, Coal, Iron ore and Others) and Liquid Bulk (Oil and Gas). On the basis of region, Global Bulk Terminals Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Detailed Bulk Terminals Taxonomy:
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