Chemical Logistics Market : Roadways, Railways, Airways, Waterways, and Pipelines Industry Forecast, 2020-2027

The global chemical logistics market size was valued at $253.71 billion in 2019, and is projected to reach $322.54 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027.

By region, Asia-Pacific dominated the market, followed by North America, Europe, and LAMEA in 2019. China dominated the Asia-Pacific chemical logistics market share in 2019, and Africa is anticipated to exhibit a remarkable growth during the forecast period.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/2102

A major rebalancing of supply and demand drives favorable growth outlook for chemical production across the world. For instance, according to the Boston Consulting Group, a management consulting firm, annual sales of the chemical industry in North America are expected to exceed $1.2 trillion by the end of 2020. In addition, development of shale resources has increased supply of natural gas and natural-gas liquids (NGLs) in North America. The ongoing shale gas boom in the U.S. provides a steady, low-cost supply of raw materials used to manufacture a variety of chemicals, which, in turn, has made the U.S. a hot spot for chemical production, with demand from markets across the globe. For instance, according to a report released by the American Chemistry Council (ACC), chemical production in the U.S. was expected to grow by 3.6% in 2017 and by 4.8% in 2018. In addition, as of March 2017, the major market players in the chemical industry announced plans to construct 294 new production units for chemicals in the U.S. These projects represented $179 billion of new capital investment. Thus, the American Chemistry Council (ACC), estimates chemical shipments in the U.S. would increase by 34% in the next five years.

Pharmaceutical and medicine manufacturing subsectors significantly fuel growth of the chemical manufacturing sector. In addition, growth in import and export activities, especially in industrial chemicals is anticipated to boost the chemical logistics market growth. For instance, according to the Chemistry Industry Association of Canada (CIAC), in 2018, value of the chemical industry manufacturing shipments in Canada was $57.5 billion, which showed a 4.6% compared to 2017. In addition, shipments in industrial chemicals were $29.3 billion in 2018, representing an increase of 8.5% compared to 2017. Moreover, Canada exported $39.8 billion worth of chemicals and chemical products across the world in 2018, with an increase of 12.5% compared to 2017 and imports increased by 7.1% to $59.7 billion in 2018. For industrial chemicals, exports increased by 10.1% in 2018 to $20.5 billion and imports increased by 7.5% to $21.2 billion.

Purchase Enquire at https://www.alliedmarketresearch.com/purchase-enquiry/2102

COVID-19 scenario :

Lockdowns imposed by governments of various countries has affected the chemical logistics market as manufacturing companies across the globe have stopped manufacturing process, owing to unavailability of skilled labor and social distancing regulations. In addition, chemical logistics firms that are directly involved in movement, storage, and flow of goods has been directly affected by the COVID-19, owing to disruptions in trading activities.

Key Findings Of The Study :

On the basis of mode of transportation, the airways segment is anticipated to exhibit a remarkable growth during the forecast period.

On the basis of services, the transportation & services segment is the highest contributor to the global market, in terms of revenue.

On the basis of region, LAMEA is the fastest growing region, followed by Europe, North America, and Asia-Pacific.

The key players analyzed in this chemical logistics market report are A&R Logistics, Agility, BASF, BDP International, BDtrans, C.H. Robinson Worldwide Inc., Deutsche Bahn (DB) Schenker, Deutsche Post AG (DHL), Rhenus Logistics, and Ryder System Inc.

Request Customization : https://www.alliedmarketresearch.com/request-for-customization/2102

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Access Full Report : https://www.alliedmarketresearch.com/chemical-logistics-market

This release was published on openPR.