CHEMICAL LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has established itself as the dominant region in the global chemical logistics market with estimated market share of 40.3% in 2024. The U.S., being one of the largest producers and consumers of chemicals globally, has boosted demand for logistics and transportation services. The GCC region has witnessed the development of robust logistics infrastructure to support the presence of major chemical companies as well as numerous medium and small specialty chemical manufacturers. The majority of chemical production is concentrated along the Gulf coast, which has enabled the creation of dedicated transportation corridors for the movement of chemicals. The region also serves as the trade gateway for chemicals movement between North America and other regions.

Asia Pacific has emerged as the fastest growing regional market for chemical logistics. Rapid industrialization and economic growth of countries like China and India have significantly boosted local production of bulk and specialty chemicals. This has propelled the need for efficient logistics services to handle massive import-export activities and domestic distribution of chemicals across the vast geographical territories of Asian countries. Moreover, growing chemical hubs in countries like Singapore and Malaysia catering to international trade are further driving cross-border logistics needs. Several Asian nations are also proactively developing national logistics policies and upgrading ports, rail and trucking infrastructure to capitalize on the emerging opportunities. This has facilitated entry of global as well as regional logistics players to tap into Asia Pacific's lucrative growth prospects.