Global Chemical Logistics Market Size To Worth USD 369.83 Billion By 2033 | CAGR Of 3.28%

Global Chemical Logistics Market Size To Worth USD 369.83 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Chemical Logistics Market is to Grow from USD 267.89 Billion in 2023 to USD 369.83 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.28% during the projected period.   

Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the "Global Chemical Logistics Market Size, Share, Growth, and Industry Analysis, By Mode of Transportation (Roadways, Railways, Airways, Waterways, and Pipelines), By Services (Transportation and Distribution, Storage & Warehousing, Customs & Security, Green Logistics, and Consulting & Management Services), By End-User (Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, and Oil & Gas Industry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/chemical-logistics-market

Chemical logistics is the planning, directing, and monitoring of the flow of chemicals and related commodities from suppliers to producers and end users. For this procedure, the right chemicals are delivered to the right places at the right times. Transportation, storage, security, and inventory management are all included in the field of chemical logistics. As logistics advances, the development of new business models through the application of digital tools such as artificial intelligence (AI) become increasingly important. Furthermore, a lot of logistics companies provide integrated digital concepts to boost productivity, either by automating processes or by enhancing the usability and transparency for employees and customers. The main advantages of these technologies are their capacity to help people make decisions and relieve them of monotonous tasks. It is expected that chemical manufacturing will increase. However, the difficulties associated with chemical logistics could stop the market from expanding.

The roadways segment is expected to hold the largest share of the market.

Based on the mode of transportation, the chemical logistics is divided into roadways, railways, airways, waterways, and pipelines. Among these, the roadways segment is expected to hold the largest share of the market. Due to companies involved in chemical transportation investing in improving the quality of their fleets for chemical logistics, road transportation accounted for the greatest proportion of the chemical transportation market. The leading logistics corporations are forming a joint venture to expand their capacity to offer chemical logistics services in China, which is expected to raise the demand for highways. The waterways area is supposed to own the second-largest portion. Using the waterways to transport large quantities of products from one place to another is one of the least expensive options. The American Chemistry Council estimates that by 2030, an additional one billion chemical shipments per year made by truck, rail, and sea.

The transportation and distribution sector held the greatest share of the market.

Based on service, chemical logistics is divided into transportation and distribution, storage & warehousing, customs & security, green logistics, and consulting & management services. Among these, the transportation and distribution sector held the greatest share of the market. Transportation and distribution services include moving chemical products over international borders or through other modes of transportation, including rail, roads, and others. Partnerships between logistics businesses to improve and optimize transportation infrastructures for the chemical industry are driving the transportation and distribution segment of the chemical logistics market. The second-largest portion is expected to be held by the department in charge of storage and warehousing. Storage and warehousing are the practice of maintaining a variety of goods in a warehouse or other specialized building, typically in a controlled environment.

The chemical industry segment is expected to hold the largest market share.

Based on end-user, the chemical logistics is divided into chemical industry, pharmaceutical industry, cosmetic industry, and oil & gas industry. Among these, the chemical industry segment is expected to hold the largest market share. The bulk of the chemical business is composed of bulk or commodity chemicals. Intermediate and specialty chemicals are made from these compounds as raw materials. In addition to having the largest market shares in terms of chemical sales and manufacturing, these bulk chemicals also come with substantial capital costs. The chemical industry is expected to see an increase in demand for logistics services due to the expanding need for raw materials and companies' emphasis on local chemical production. The pharmaceutical section handles some of the logistical services that are essential to the pharmaceutical industry, such as freight forwarding, warehousing, and product logistics, in addition to the planning and implementation of chemical supply chain management.

Asia-Pacific is having the biggest share of the global chemical logistics market over the forecast period.

The region's production and consumption of chemicals have increased in tandem with its growing economic development. The need for advanced chemical logistics solutions is mostly being driven by Southeast Asian, Chinese, and Indian nations. The construction of logistics centers and the investments made in ports, highways, and trains have all contributed to the region's increasing chemical logistics dependability and efficiency. The need for efficient local and national distribution networks is fueling the expansion of the chemical logistics sector in the area. Businesses are investing in the extension of their distribution capabilities to effectively service local markets. FedEx, for instance, enhanced the regional chemical distribution in the Asia Pacific.

Europe is predicted to grow fastest pace throughout the forecast period. The increasing focus on sustainability in Europe and the need for efficient supply chains to cater to a range of markets are presenting a positive image for market expansion. In addition, the market is being propelled forward by the growing need for chemical logistics as a result of trade liberalization, the region's expanding chemical output, and the necessity of robust logistical networks to facilitate the flow of chemicals within the region.

Major vendors in the global chemical logistics market include FedEx, GEODIS, Kuehne + Nagel, Maersk Logistics, Nippon Express, Rhenus Logistics, Sinotrans, UPS Supply Chain Solutions, XPO Logistics, Brenntag, C.H. Robinson, DB Schenker, DHL Global Forwarding, A&R Logistics, Agility, and Others.

Recent Developments

• In March 2024, Leschaco established a chemical logistics hub in the Netherlands. The facility is perfectly situated for multimodal transportation, with easy access to important rivers such as the Rhine and Meuse as well as significant seaports.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global chemical logistics market based on the below-mentioned segments: 

Global Chemical Logistics Market, By Mode of Transportation

• Roadways
• Railways
• Airways
• Waterways
• Pipelines

Global Chemical Logistics Market, By Services

• Transportation and Distribution
• Storage & Warehousing
• Customs & Security
• Green Logistics
• Consulting & Management Services

Global Chemical Logistics Market, By End-User

• Chemical Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Oil & Gas Industry

Global Chemical Logistics Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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