The global chemical logistics market size reached US$ 228.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 273.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and service.
Breakup by Type:
Breakup by Service:
Breakup by Region:
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
The global chemical logistics market was valued at US$ 228.0 Billion in 2022.
We expect the global chemical logistics market to exhibit a CAGR of 2.8% during 2023-2028.
The rising integration of the Internet of Things (IoT), smart sensors, and robotics with chemical logistics, as it allows vendors in providing digital tools to automate chemical logistics and to process data with enhanced productivity, efficiency, and convenience, is primarily driving the global chemical logistics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the global market for chemical logistics.
Based on the type, the global chemical logistics market has been segregated into rail, road, pipeline, sea, and others. Among these, rail currently holds the largest market share.
Based on the service, the global chemical logistics market can be bifurcated into transportation, warehousing, and others. Currently, warehousing exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global chemical logistics market include 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.
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