International Bulk Terminals Is Anticipated To Grow Steadily Through 2030, According To FMI.

Bulk terminals are crucial components of the industrial infrastructure because they guarantee the efficient and safe transportation of vital resources. Despite the COVID-19 pandemic’s current declines in seaborne trade, the world’s minor bulk trade has grown significantly. According to Future Market Insights (FMI) analysts, the amount of minor bulk traded globally has increased to 1.74 billion tonnes.

Bulk Terminals Market is anticipated to grow at stable CAGR during 2020-2030, Such an expected rise in demand for petroleum products and crude oil is influencing market players to center their focus on liquid bulk terminals. According to an FMI report, the production of steel and forest products accounted for 43% of minor bulk trade. Additionally, metals and minerals have taken up about 37% of minor bulk trade, followed by agricultural products at 20%.

Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over ¾ of export and import of several grains as minor bulk commodities.

Request a Sample PDF@
 https://www.futuremarketinsights.com/reports/sample/rep-gb-2457

Bulk Terminals Market Size Study

  • Sales of bulk terminals to remain stable over the forecast period, 2020-2030
  • Dry bulk continues to generate greater total returns to shareholders (TRS)
  • Nearly 190 terminals were under expansion worldwide in June 2019, with an additional 49 under construction
  • Markets in Europe and North America to generate relevant value through 2030

COVID-19 Impact on Bulk Terminals Market

The COVID-19 pandemic is triggering huge supply chain disruptions for bulk terminals market due to strict lockdown measures, especially in Asian supplier regions. Such stringent measures have led to dearth of workers – truck drivers and labors – at port terminals.

In addition, the market is suffering due to shortage of transportation facilities such as. Studies reveal that trucks and containers dropped by about 50% due to decreasing number of trailers and unavailability of drivers. This has further slowed down transshipping operations at terminals.

Driven by rising concerns regarding worker safety, several end-use industrial operators have brought manufacturing processes to temporary halt, thereby, hurting the demand for bulk terminals.

In an effort to stay afloat amid the COVID-19 crisis, upgradation in automation capabilities will be critical for bulk terminal market players in immediate future.

Bulk Terminals Market – Competitive Intelligence

Leading players in global bulk terminals market are focused on inorganic growth strategies such as mergers and acquisitions (M&A) as well as contracts in order to boost theor market presence. Case in point,

Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.

Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.

Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

 

Comments

Post a Comment

Popular posts from this blog

Centrifugal Pumps Market Is Expected To Register Positive Growth CAGR 4.6% By End of 2031: FMI

Global sales of centrifugal pumps are set to be valued at over US$ 29 Billion in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the  centrifugal pumps market , the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI. FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps. To Know More@ https://www.futuremarketinsights.com/reports/centrifugal-pumps-market The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most reg
Read more

Exploring the Military Power Generator Market – Size, Share, Current Landscape, and Future Growth Prospects

FMI’s report on the power generator for military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats. The market for  military power generators  is anticipated to reach US$ 1.13 billion in 2023 and grow at a 3.54% CAGR thereafter. Sales of all military power generators are anticipated to increase steadily between 2023 and 2033, reaching a value of US$ 1.61 billion by that year. Request Sample Report: Empower Your Industry Understanding with Invaluable Insights https://www.futuremarketinsights.com/reports/sample/rep-gb-12533 Uninterrupted and reliable sources of power supply are vital for successful military operations. Power generators have application across diverse segments within the military industry. Against this backdrop, Future Market Insights (FMI) foresees lucrative prospects for power generator producers within the military market.
Read more

Southeast Asia’s Submersible Pump Market Poised to Exceed US$ 1.07 Billion by 2032, Fueled by Indonesia’s Escalating Wastewater Treatment Needs – Insights from Future Market Analysis

The  Southeast Asia Submersible Pumps Market  report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Southeast Asia Submersible Pumps market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Southeast Asia Submersible Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives. the Southeast Asia submersible pumps market is expected to reach  US$ 1,076.8 Million  in 2032. It is anticipated to showcase steady growth at a  CAGR of 5.5%  between 2022 and 2032. In 2022, more than  56.9%  of the market share is likely to be occupied by bore well submersible pumps in the region owing to their increasing end
Read more