The latest report by IMARC Group, titled “Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the chemical logistics market revenue. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global chemical logistics market size reached USD 235.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 301.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.7% during 2024-2032.
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Chemical Logistics Market Trends:
The global market is primarily driven by the increasing chemical production, necessitating efficient logistics solutions. In line with this, the rising demand for specialized storage and transportation of hazardous and non-hazardous chemicals is further bolstering market growth. Furthermore, stringent regulatory frameworks governing the handling, storage, and transportation of chemicals is ensuring a heightened market demand. The rapid expansion of the chemical manufacturing sector in emerging markets, is stimulating the market appeal.
Similarly, continual technological advancements in supply chain management, such as real-time tracking and automation, are enhancing efficiency, contributing to the market expansion. Moreover, growing international trade of chemicals, driven by demand for raw materials and finished products, is significantly impelling the market. Likewise, the increasing emphasis on sustainability in logistics operations, particularly in reducing carbon emissions and improving energy efficiency, is further driving market dynamics.
Chemical Logistics Market Scope and Growth Analysis:
The scope of the market encompasses various services, including transportation, warehousing, distribution, and value-added services such as packaging and labeling. The market scope is witnessing significant growth, fueled by the expansion of chemical industries and the globalization of supply chains. Growth opportunities are particularly pronounced in regions with rapidly developing chemical sectors, where the need for efficient, compliant, and sustainable logistics solutions is critical. The market scope is also gaining from ongoing advancements in digitalization and automation, which are improving logistics transparency and operational efficiency.
As per market analysis, the rising complexity of global supply chains, requiring integrated logistics solutions to manage chemical flows across regions, is strengthening the market scope. Additionally, the emerging trend of outsourcing logistics services to third-party providers is further fueling the market’s expansion. As sustainability becomes a key focus in industrial operations, demand for eco-friendly logistics solutions, including green transportation options and energy-efficient warehousing, is expected to grow.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Agility Public Warehousing Co.
- BDP International Inc.
- H. Robinson Worldwide Inc.
- DB Schenker
- DHL Group
- DSV Panalpina AS
- FedEx Corp.
- Montreal Chemical Logistics
- Schneider National Inc.
- Univar Inc.
Chemical Logistics Market Segmentation:
Our report has categorized the market based on region, type and service.
Breakup by Type:
- Rail
- Road
- Pipeline
- Sea
- Others
Breakup by Service:
- Transportation
- Warehousing
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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