Market Research Future (MRFR) has published a cooked research report on the “Global Chemical Logistics Market” that contains information from 2018 to 2032. The Chemical Logistics market is estimated to register a CAGR of 4.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Chemical Logistics market— A&R Logistics, Agility, BASF, BDP International, BDtrans, C.H. Robinson Worldwide Inc., Deutsche Bahn (DB) Schenker, Deutsche Post AG (DHL), Rhenus Logistics and Ryder System Inc.
Chemical Logistics Market Highlights
The global chemical logistics market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 380.1 billion by 2032.
The chemical logistics market is characterized by dynamic growth and evolving trends, driven by factors such as increasing globalization of chemical production, stringent regulatory requirements, a rising emphasis on safety and security in transportation, and the growing demand for specialized logistics solutions to handle hazardous materials. As the chemical industry continues to expand globally, particularly in regions like Asia-Pacific, the demand for efficient, compliant, and reliable logistics services has become a key focus, with technology integration, sustainability practices, and risk management playing pivotal roles in shaping the market landscape.
Segment Analysis
The global chemical Logistics market has been segmented based on mode of transportation, service and end user.
On the basis of mode of transportation, the market is segmented into Roadways, Railways, Airways, Waterways and Pipelines. The roadways segment was attributed to holding the largest market share in 2022, due to the flexibility and accessibility it offers for the transportation of chemical products.
Based on service, the global Chemical Logistics market has been segmented into Transportation & Distribution, Storage & Warehousing, Customs & Security, Green Logistics, Consulting & Management Services and Others s. The transportation & distribution segment was expected to hold the largest market share in 2022, due to the flexibility and accessibility it offers for the transportation of chemical products.
Based on end user, the global Chemical Logistics market has been segmented into Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil & Gas Industry, Specialty Chemicals Industry, Food and Others. The chemical industry segment was expected to hold the largest market share in 2022, due to the highly specialized and regulated nature of transporting and handling chemicals.
Regional Analysis
The global Chemical Logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Chemical Logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Chemical Logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Chemical Logistics market comprises of Middle East, Africa, and Latin America.
The largest market share for Chemical Logistics was maintained by the North American regional sector. This increase is attributed to the robust expansion of the chemical industry, increased production of specialty chemicals, a growing emphasis on safety and compliance with regulations governing the transportation of hazardous materials, and the rising demand for efficient and secure supply chain solutions. Additionally, the ongoing trend of outsourcing logistics services, advancements in technology for real-time tracking and monitoring, and the need for sustainable practices in chemical transportation contribute to shaping the chemical logistics market in North America.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Chemical Logistics is driven by the region's robust chemical manufacturing industry, stringent regulatory compliance requirements, the need for specialized handling of hazardous materials, a growing emphasis on sustainability in logistics practices, and the increasing demand for efficient and secure transportation and storage solutions within the chemical supply chain.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the expanding chemical industry in the region, increasing international trade of chemical products, stringent safety and environmental regulations, a growing need for specialized handling of hazardous materials, and the rising demand for efficient and reliable supply chain solutions to support the dynamic requirements of chemical manufacturers and distributors in the region.
Furthermore, the rest of the world's Chemical Logistics market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's growing chemical industry, increased international trade in chemical products, a focus on regulatory compliance and safety standards, and the rising demand for specialized logistics services to handle the diverse and often hazardous nature of chemical materials.
Key Findings of the Study
- The global Chemical Logistics market is expected to reach USD 380.1 billion by 2032, at a CAGR of 4.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the burgeoning chemical manufacturing sector, increasing international trade of chemicals, and a growing need for specialized logistics services.
- Based on services, the transportation & distribution segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- A&R Logistics, Agility, BASF, BDP International, BDtrans, C.H. Robinson Worldwide Inc., Deutsche Bahn (DB) Schenker, Deutsche Post AG (DHL), Rhenus Logistics and Ryder System Inc.
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Companies Covered | 15 |
Pages | 111 |
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