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Chemical Logistics Market Size and Growth Report 2022-2030

Chemical logistics can be defined as the transport of chemicals through the supply chain with the help of services such as warehousing and transportation provided by the logistics companies. The chemical sector is a crucial part of any business as all almost all industries relies on chemical for the manufacturing of their products.

Some of the industries that depend on chemicals for the manufacturing of their end use products include pharmaceuticals, food production, processing plastics, automobile manufacturing and many others. The chemical can either be in liquid or solid form and they act as an essential element in the production of pharmaceutical products, food products, and other products. These chemical needs to be handled with care in order to avoid any hazards such as contamination and spoilage.

Chemical Logistics Market Size 2020 to 2030

The global chemical logistics market size was estimated at US$ 265.2 billion in 2021 and is expected to hit US$ 377.35 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4 % from 2021 to 2030.

Crucial factors accountable for Chemical Logistics Market growth are:
Chemical Logistics Market Scope
Report Coverage Details
Market Size USD 377.35 Billion by 2030
Growth Rate CAGR of 4% From 2021 to 2030
Largest Market Asia Pacific
Fastest Growing Market LAMEA
Base Year 2021
Forecast Period 2021 to 2030
Chemical Logistics Market Report Highlights
Chemical Logistics Market Dynamics

Driver – The surge in the use of chemicals across diverse end use industry verticals such as Chemical industry, Pharmaceutical Industry, Cosmetic Industry, Oil & Gas Industry, Specialty Chemicals Industry, Food and Others is the major factor that is expected to drive the growth of the chemical logistics market. Furthermore, the factors such as the surge in free trade agreements among countries and the development of a trade bloc between countries played a significant role in positively impacting the market growth.

For instance, On February 2021, GAC (leading shipping and logistics company) signed an agreement with Qatar Free Zones Authority (QFZA) to establish a contract logistics facility and office in the Ras Bufontas Free Zone. The agreement with GAC is expected to play an important role in expanding the logistics capability at QFZA, supporting Qatar’s position as a trade hub.

Restraint – The major restraining factor that will negatively impact the growth of the Chemical Logistics Market includes the high cost involved in the transportation of chemicals by following all the safety precautions in order to avoid any uncertain events.

Also Read: Single-Use Bioprocessing Market Size to Touch US$ 84.12 Billion By 2030

Opportunity – With the use of innovative technologies, the chemical finds their utility in various other industries and this will provide huge opportunities for the growth of chemical logistics market. Also, the rising demand for green warehousing will have a significant impact in the market growth.

Challenges – The major and the most important challenge faced by the chemical logistics market is the safety in transportation. As the chemicals are dangerous in nature their transportation should be handled with care in order to prevent any mishaps.

Chemical Logistics Market Recent Developments
Chemical Logistics Markt Regional Snapshots

LAMEA is witnessing the significant growth in 2021 in terms of market share owing to the presence of oil wells in the region and is expected to grow remarkable during the forecast period. Saudi Arabia is the major contributor in this region owing to the presence of large oil wells and the Government investments in developing advanced chemical logistics infrastructure.

For instance, On 29th April 2021 Aramco Saudi Arabia’s state-run energy firm announced that they are transferring the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC. These changes will fuel the operational efficiencies, strengthen the brands of both companies and their combined products and services offering, and help to maintain competitiveness.

Key Companies Profiled

The global chemical logistics market is characterized by the presence of various small and big players. The major market player includes 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. 

Segments Covered in the Report

By Mode of Transportation

By Services

By End User

By Geography

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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