Companies in Chemical Warehousing Market Segments, Growth and Forecast 2031

𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global chemical warehousing market was valued at US$ 15.3 Bn in 2021
It is estimated to grow at a CAGR of 3.8% from 2022 to 2031
The global chemical warehousing market is expected to reach US$ 22.1 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/chemical-warehousing-market.html

𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Specialty chemical storage has different requirements as compared to that of general warehouses. Hazardous chemicals are flammable liquids or gasses. They are combustible or explosive and pose a significant threat to the health and safety of a workplace. Such nature of these chemicals requires specialty chemical warehousing to store them safely. Production and transportation of hazardous materials (hazmat) are on the rise. Various companies tend to outsource hazmat warehousing and other activities to third-party logistics, considering safety and environmental concerns during hazmat storage.
The place of third-party logistics in the chemical industry has been cemented and made irreplaceable. Third-party logistics is relatively young and is witnessing significant growth in expanding economies such as China. As countries have incentivized businesses to start delegating some of their production processes, demand for third-party logistics is increasing.
Warehouse management software offers several benefits such as better coordination between suppliers and distributors for faster and cheaper service. 3PL is constantly making warehouse management more efficient and players in the market are focused on offering robust IT infrastructure and a skilled workforce at various levels. Several 3PL service providers train their staff for regulatory requirements for packing and shipping for all relevant modes of transport - IATA (air), IMDG (sea), or DOT (over the road).

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84884

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐫𝐚𝐝𝐞 𝐨𝐟 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Increase in demand for FMCGs, such as hygiene, personal care, and household cleaning products, is expected to boost commodity chemicals warehousing. Specialty chemicals and additives are used in the production of fast-moving consumer goods. Chemicals are also used in agriculture, textile, and pharmaceutical sectors. Thus, the chemical industry impacts all sectors of the economy, which in turn is expected to offer lucrative growth opportunities for players operating in the global chemical warehousing market.
International trade declined in 2020 and recovered sharply in 2021. 2020 witnessed the largest reductions in trade and output volumes since World War 2. This was majorly due to logistical issues post-pandemic. The impacts were highly diverse across specific goods and services. The pharmaceutical sector witnessed high demand for chemicals post-COVID-19, while the demand for petrochemicals slumped significantly. The heterogeneity of trade impacts and changes in trade flows across the products, sources, and destinations signify high uncertainty and adjustment cost. Furthermore, the trade of chemicals is steadily moving toward pre-pandemic levels, thus boosting the global chemical warehousing market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84884

𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐞𝐬

In terms of chemical warehousing types, the global market has been bifurcated into general warehouse and specialty chemicals warehouse. The specialty chemicals warehouse segment accounted for major share of 68% of the global market in 2021. The segment is estimated to grow at a CAGR of 3.0% during the forecast period. OSHA and other regulatory agencies have enacted regulations on specialty chemicals warehousing management. Specialty chemicals such as specialty polymers, radioactive, and nanomaterials can be stored in chemical warehouses. Segregation of chemical warehousing is important to eliminate hazards and risks to the health and safety of workers and employees.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐠𝐫𝐨𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Based on chemical type, agrochemicals segment dominated the global chemical warehousing market and held 25.0% share in 2021. The segment is expected to grow at a moderate CAGR of 3.3% during the forecast period due to high demand for agrochemicals such as fertilizers, pesticides, and herbicides is high in the agriculture sector worldwide.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of value, Asia Pacific held 40.0% share of the global chemical warehousing market in 2021. The market in the region is anticipated to grow at a CAGR of 4.1%, during the forecast period, owing to presence of a significantly high number of chemical production companies in the region.
In terms of value, Europe and North America were also prominent regions of the global chemical warehousing market and held 15.0% and 32.0% share, respectively, in 2021. In the U.S., investments are expected to increase in agrochemicals, textile chemicals, polymer, and plastic industries.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84884

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global chemical warehousing market comprises several small- and large-scale operators. Most firms adopt smart warehousing and strategies to boost their operational capabilities. Expansion of operational footprint and mergers and acquisitions are major strategies adopted by key players, which include Odyssey Logistics & Technology Corporation, Univar Solutions, BRENNTAG, Warehouse Specialists Inc., Rinchem Company, Inc., Anchor 3PL, KEMITO, Commonwealth Inc., Broekman Logistics, Affiliated Warehouse Companies, ALFRED TALKE GmbH & Co. KG, and Deutsche Post DHL Group.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Nikhil Sawlani
Transparency Market Research Inc.
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