Chemical Logistics Industry to Reach US$ 272.8 Billion by 2027

According to IMARC Group's latest research report, titled "Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

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. Chemical logistics are the services that aid in the planning and implementation of various supply chain-related activities and monitoring procurement in the chemical industry. They aid in tracking consumer centers and marking and labeling functions for various chemicals on the basis of their physicochemical and toxicological nature. Additionally, it also involves management of resource procurement, transportation, warehouse and storage, material flow, and distribution services. Since chemicals are considered an essential part of various industries and are highly adaptable, responsive, and necessary for constant analysis, there has been a considerable rise in the implementation of effective chemical logistics across the globe.

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Global Industry Growth Analysis:

Significant growth in the chemical industry majorly drives the global market. This can be attributed to the growing utilization of chemicals in the production of numerous food, pharmaceutical and everyday products. Since transporting these chemicals requires special care in handling, storage, and transportation storage to prevent safety hazards, such as spoilage and contamination, this is providing a boost to the demand for chemical logistics. In addition to this, the widespread adoption of modernized green warehouses across the chemical industry for sustainable business operations is significantly supporting the market growth. Moreover, the advent of digital tools to automate chemical logistics and process data with enhanced efficiency and productivity is creating a positive market outlook. Some of the other factors driving the market growth include rapid industrialization and numerous government initiatives to improve the safety standards for the efficient handling of chemicals.

Key Players Included in Global Chemical Logistics Market Research Report:

• 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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Key Market Segmentation:

Breakup by Type:

• Rail
• Road
• Pipeline
• Sea
• Others

Breakup by Service:

• Transportation
• Warehousing
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Chemical Logistics Market Research Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Chemical Logistics Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.