The Global Bulk Terminals Market is projected to reach a volume of over 21,126 Million Tons by 2027 at a CAGR of around 3.1%.
Bulk Terminal is a type of industrial facilities that used to store large quantities of products before the product is transferred to the end-users or another facility for processing. It is an important component of a larger network of pipeline, processing facilities, and storage facilities. The increasing marine of bulk material such as oil & gas, grains, coal, and iron ore has given rise to the development of special terminals for the loading and discharge of such materials.
Market Driver:
Natural gas is a key fuel in the electric power sector and the industrial sector. In the power sector, natural gas is an attractive choice for new generating plants because of its fuel efficiency. Natural gas also burns cleaner than coal or petroleum products, and as more governments begin implementing national or regional plans to reduce carbon dioxide emissions, they may encourage the use of natural gas to displace more carbon-intensive coal and liquid fuels. According to the U.S. Energy Information Administration, the consumption of global natural gas is expected to reach 203 trillion cubic feet (Tcf) in 2040. Thus, increasing the consumption of natural gas from developed and developing regions is expected to boost the global bulk terminals market growth over the forecast period.
Market Restraint:
The bulk terminal operation involves dockworker of various materials which may include hazardous, flammable, microparticles and that possess a high risk for environment and workers. Thus, the shipping industry and terminal management involve human life risks and economic. Various government and health & safety department have set rules and regulations for their respective countries. For instance, European Union mentioned rules for bulk terminals under “DIRECTIVE 2001/96/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL – establishing harmonized requirements and procedures for the safe loading and unloading of bulk carriers”
The report on the Bulk Terminals market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Volume (Metric Tons) |
Segments Included |
Bulk Type, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Bulk Terminals Market, by Bulk Type
Bulk Terminals Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE BULK TERMINALS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY