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

Global chemical logistics market is estimated to be valued at US$ 282.36 Bn in 2024 and is expected to reach US$ 397.48 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031.

Chemical logistics refers to specialized logistic services that are required for the transportation, warehousing, handling and distribution of chemicals, petrochemicals and relevant raw materials. Due to growing chemical industry worldwide, there has been huge demand for safe and efficient logistics solutions. Chemical companies outsource their logistics operations to third-party logistics providers who have expertise in handling hazardous chemicals as per the safety regulations. Beyond bulk chemical transportation via ships, trucks, and rail cars, chemical logistics also encompasses value-added services such as containerization, lab packing, and repackaging. The implementation of strict environmental regulations for chemical transportation is expected to drive market growth in the near future.

Market Dynamics:

Global chemical logistics market growth is driven by robust expansion of chemical industry. Growing demand for agrochemicals and pharmaceuticals can boost demand for chemical logistics services. Favorable government support for chemicals sector in emerging economies can drive the market growth. However, fluctuating raw material prices can pose challenges for market players. Moreover, stringent transportation safety norms have increased the compliance cost. Increasing offshore chemical transportation and growing adoption of rail logistics can offer market growth opportunities. Sustainable logistics solutions are being increasingly adopted to optimize supply chain operations and minimize environmental footprint.

Key features of the study:

• This report provides in-depth analysis of the global chemical logistics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global chemical logistics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include A&R Logistics, Agility Logistics, Al-Futtaim Logistics, BASF, BDP International, Inc., BDtrans, C.H. Robinson Worldwide Inc., CEVA Logistics, Deutsche Bahn (DB) Schenker, Deutsche Post AG, DHL, Montreal Chemical Logistics, Petochem Middle East, Rhenus Logistics, Ryder System Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global chemical logistics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global chemical logistics market.

Detailed Segmentation:

• By Service
  • Transportation & Distribution
  • Storage & Warehousing
  • Customs & Security
  • Green Logistics
  • Consulting & Management Services
  • Others
•  By Mode of Transportation
  • Roadways
  • Railways
  • Airways
  • Waterways
  • Pipelines
• By End-use Industry
  • Chemical industry
  • Pharmaceutical Industry
  • Cosmetic Industry
  • Oil & Gas Industry
  • Specialty Chemicals Industry
  • Food & beverages
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
  • A&R Logistics
  • Agility Logistics
  • Al-Futtaim Logistics
  • BASF
  • BDP International, Inc.
  • BDtrans
  • C.H. Robinson Worldwide Inc.
  • CEVA Logistics
  • Deutsche Bahn (DB) Schenker
  • Deutsche Post AG
  • DHL
  • Montreal Chemical Logistics
  • Petochem Middle East
  • Rhenus Logistics
  • Ryder System Inc.