BULK TERMINALS MARKET TO REACH 21,126 MILLION TONS BY 2027 | CAGR 3.1% – FORENCIS RESEARCH

Bulk Terminals MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Bulk Terminals Market: Key Highlights

  • According to the new market research report Bulk Terminals Market by bulk Type (Dry Bulk (Grains, Coal, Iron Ore) and Liquid Bulk (Oil and Gas)), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global bulk terminals market is estimated to reach 21,126 Million Tons by 2027 at a CAGR of around 3.1% during the review period.
  • A bulk terminal is an industrial facility used to store large quantities of a product(s) before the product is transferred to another facility
  • Bulk terminals are an important component of larger networks of pipelines, storage facilities and processing facilities
  • Bulk terminals are especially important for energy companies. Large cargo ships deliver crude oil to the terminal
  • Bulk terminals are also important in the grain industry where they are known as grain elevators. Most farmers sell their grain crops to a terminal known as a country grain elevator

Bulk Terminals Market

Global Bulk Terminals Market: Key Market Dynamics

  • The global bulk terminal market is highly dependent on global trade f bulk commodities and regional trade policies
  • Increasing population, increasing regional GDP, and increasing trade agreement between countries are the factors that boost the global bulk terminals market
  • Moreover, the growing consumption of bulk commodities and affordability In emerging countries is boosting the global bulk terminal market
  • However, the stringent regulatory norm is expected to hamper the market growth

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Global Bulk Terminals Market: Regional Overview

  • Asia-Pacific

Asia-Pacific is expected to dominate the global bulk terminals market, followed by Europe and North America. China, Australia, and India are the leading countries in the Asia-Pacific bulk terminals market. The bulk terminals market is highly dependent on global trade of bulk commodities and regional trade policies and Asia-Pacific trade policies are very conducive to the growth of the global bulk terminals market. Moreover, Increasing population, increasing regional GDP, and increasing trade agreements between other countries is boosting the Asia-Pacific bulk terminals market.

Global Bulk Terminals Market: Key Players Overview

  • Ports America:

Ports America is one of the largest terminal operator and stevedore in the US. The Company offers roll-on and roll-off cargo services for vehicles, construction and agricultural machinery, aviation and transportation equipment, boats and yachts, military equipment, trailers, and other static cargo. Ports America has more than 90 years of experience through predecessor companies. In November 2019, Ports America Chesapeake (PAC) has installed a new Navis N4 system used for cargo handling at terminals. The company has invested around USD 142 million in equipment and infrastructure. 

  • ΟΛΘ (Thessaloniki Port Authority S.A.):

Thessaloniki Port Authority S.A. provides services such as loading and unloading cargo, warehousing, and offers electricity, water, and other services. The company's stock is listed in the Athens Stock Exchange since August 27th 2001. Thessaloniki Port Authority S.A. is certified as per the standard ISO 9001:2008 for the Management of Solid Bulk Cargoes except for cereals. For the servicing of passenger ships and cruise ships, it is certified as per 9001:2008. for Heavers Work and Mooring Services as per the Hellenic Body for Standardization ΕΛΟΤ 1429:2008. In July 2020, Thessaloniki Port Authority S.A. has signed an agreement with China Merchants Port Holdings Co. Ltd. and its subsidiaries China Merchants Holdings (International) Information Technology Co., Ltd. This collaboration with CMPort is expected to create an opportunity for both the companies to have a win-win cooperation, resulting to both European and Chinese markets opening.

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.

Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : CM 094

Published : 2020-07-20

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