Overview and Scope
Chemical logistics is a service that involves the storage and transportation of chemicals along a supply chain with special care by chemical logistics companies. The chemical logistics services help to transport these compounds with extreme caution to avoid any safety risks such as contamination and spoilage.
Sizing and Forecast
The chemical logistics market size has grown steadily in recent years. It will grow from $286.85 billion in 2023 to $299.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to rise in industrialization, increased globalization, regulatory compliance, supply chain optimization.
The chemical logistics market size is expected to see steady growth in the next few years. It will grow to $362.58 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability initiatives, digitalization and iot integration, advanced analytics, market demand fluctuations, e-commerce growth. Major trends in the forecast period include green logistics, autonomous vehicles, blockchain adoption, resilient supply chains, 3d printing in manufacturing.
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Segmentation & Regional Insights
The chemical logistics market covered in this report is segmented –
1) By Services: Transportation and Distribution Services, Storage and Warehousing Services, Customs and Security Services, Green Logistics Services, Consulting and Management Services, Other Services
2) By Mode of Transportation: Roadways, Railways, Airways, Waterways, Pipelines
3) By End User: Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals Industry, Food Industry, Other End Users
Asia-Pacific was the largest region in the chemical logistics market in 2023. The regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in chemical production is expected to propel the growth of the chemical logistics market. An increase in the production of chemicals to supply to various industries, including food production, pharmaceutical manufacturing, automobile manufacturing, and engineering, leads to a rise in the need for safe corners of transportation and distribution services. For instance, according to the American Chemistry Council, Chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022. Furthermore, according to the government of India, India’s chemical sector (including fertilizers and pharmaceuticals) showcased a 18-23% revenue growth in FY2022 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is driving the growth of the chemical logistics market.
Key Industry Players
Major companies operating in the chemical logistics market report are A&R Logistics LLC, Deutsche Post DHL Group, CH Robinson Worldwide Inc., Baltimore, Detroit and Philadelphia Line, Rhenus Logistics LLC, Deutsche Bahn AG, BASF SE, Ryder System Inc., CEVA Logistics LLC, FedEx Corporation, Montreal Chemical Logistics, Schneider National Inc., Odyssey Logistics & Technology Corporation, Univar Solutions Inc., Bd Trans-Logistics Sp. z o. o., Henus Logistics LLC, Kuehne + Nagel International AG, DACHSER SE, DHL Global Forwarding Pte. Ltd., Expeditors International of Washington Inc., GEODIS, Hellmann Worldwide Logistics SE & Co KG, Kerry Logistics Network Limited, Nippon Express Co. Ltd., Panalpina World Transport Ltd., Sinotrans Limited, UPS Supply Chain Solutions Inc., Yusen Logistics Co. Ltd., Agility Logistics Pvt. Ltd., Damco Solutions Pvt. Ltd.
The chemical logistics market report table of contents includes:
1. Executive Summary
- Chemical Logistics Market Characteristics
- Chemical Logistics Market Trends And Strategies
- Chemical Logistics Market – Macro Economic Scenario
- Global Chemical Logistics Market Size and Growth
. - Global Chemical Logistics Market Competitive Benchmarking
- Global Chemical Logistics Market Competitive Dashboard
- Key Mergers And Acquisitions In The Chemical Logistics Market
- Chemical Logistics Market Future Outlook and Potential Analysis
- Appendix
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