(2023-2028) Chemical Logistics Market Growth, Demand, Size, Companies Share and Forecast Report

IMARC Group's latest research report, titled "Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," The global chemical logistics market size reached US$ 228.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 273.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

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Chemical Logistics Market Overview:

Chemical logistics is the management of the transportation, storage, and distribution of hazardous and often complex chemical products. The process involves a chain of processes ranging from sourcing raw materials, storage and transportation of chemicals to specialized facilities, to distribution to end-users. Chemical logistics involves specialized knowledge and equipment and compliance with a wide range of regulations and safety standards. In addition to this, it can also reduce costs by optimizing transportation and storage processes and improve the efficiency of the supply chain.

Global Chemical Logistics Market Demand and Growth Analysis:

The global market is primarily driven by the considerable growth in the chemical industry. This can be attributed to the rapid utilization of a wide range of chemicals in various end-use sectors such as construction, automotive, and agriculture. In line with this, strict regulations implemented by the government regarding the transportation, storage, and handling of chemicals is resulting in a higher uptake of specialized logistics services.

Moreover, continual technological advancements such as the development of innovative chemical logistics systems with real-time tracking systems, enhanced safety features and integration of IoT devices. Furthermore, the major players are conducting strategic mergers and acquisitions (M&As), partnerships and collaborations to expand their geographical presence, which is fueling the market. Some of the other factors contributing to the market include rising concerns regarding worker safety, growing trend of outsourcing of logistics services and extensive research and development (R&D) activities.

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Key Market Segmentation:

Top Chemical Logistics Companies Worldwide:

• 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.

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)

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