The global chemical logistics market reached a value of US$ 219.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 272.8 Billion by 2027, exhibiting a CAGR of 3.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Chemical logistics refers to the services that help in monitoring procurement, planning and implementation of various supply chain-related activities in the chemical industry. It also offers management of resource procurement, material flow, transportation, distribution services, warehouse and storage and other value-added services. Chemical logistics can track consumer centers and perform marking and labeling functions for various chemicals and raw materials based on their toxicological and physicochemical nature. Owing to these benefits, reliable logistics systems are a crucial component of the chemical industry as they are highly responsive, adaptable and necessary for constantly analyzing the market changes.
Significant growth in the chemical industry is one of the key factors driving the growth of the market. Furthermore, the increasing demand for automation and modernized green warehouses in the chemical industry for sustainable business operations is providing a boost to the market growth. With the growing concerns regarding energy conservation and environment protection, chemical manufacturers are increasingly investing in cost-effective warehousing solutions that combine green practices and smart technology, such as the Internet of Things (IoT), smart sensors and robotics. The vendors are also providing digital tools to automate chemical logistics and to process data with enhanced productivity, efficiency and convenience. Other factors, including increasing awareness regarding product security and safety in the chemical industry, along with extensive research and development (R&D) activities and rapid industrialization across the globe, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chemical logistics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and service.
Breakup by Type:
Breakup by Service:
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Agility Public Warehousing Co., BDP International Inc., C.H. Robinson Worldwide Inc., DB Schenker, DHL Group, DSV Panalpina AS, FedEx Corp., Montreal Chemical Logistics, Schneider National Inc., Univar Inc., etc.
|Base Year of the Analysis
|| Service, Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Agility Public Warehousing Co., BDP International Inc., C.H. Robinson Worldwide Inc., DB Schenker, DHL Group, DSV Panalpina AS, FedEx Corp., Montreal Chemical Logistics, Schneider National Inc., and Univar Inc.
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Key Questions Answered in This Report:
- How has the global chemical logistics market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global chemical logistics market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the service?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global chemical logistics market and who are the key players?
- What is the degree of competition in the industry?