With Growing CAGR Of 2.9%: Chemical Logistics Market Is Projected To Reach USD 304.76 Billion By 2032

Global Chemical Logistics Market Size Was Valued at USD 242.46 Billion in 2023 and is Projected to Reach USD 304.76 Billion by 2032, Growing at a CAGR of 2.9% From 2024-2032.

Chemical Logistics refers to the systematic management and coordination of the transportation, storage, inventory, and security of chemicals and related materials from suppliers to manufacturers and consumers. The primary objective of chemical logistics is to ensure the timely delivery of the right chemicals to the right destinations while maintaining high levels of safety and security throughout the supply chain.

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The chemical industry is a crucial sector that plays a vital role in various industries such as pharmaceuticals, food production, the automotive industry, and plastic processing. Many industries depend on chemical products as chemical substances form a vital base. The transportation of chemicals in the supply chain, along with storage and shipping services, is known as chemical logistics. Sustainable, efficient, and competitive logistics are crucial in the chemical industry as consumption and production areas are generally separated. Moreover, logistics is typically adjustable, agile, and flexible, allowing the market to respond efficiently and quickly to changes.

Major Key Players:

BASF Corporation (US),Dow Chemical Company (US),LyondellBasell Industries (US),Celanese Corporation (US),E.I. du Pont de Nemours (US),Westlake Chemical Corporation (US),Univar Solutions Inc (US),Praxair, Inc (US),A&R Logistics (US),Air Products and Chemicals, Inc (US),Nalco Holding Company (US),Evonik Industries AG(US),Invista S.à r.l (US),Solvay SA(Europe),Linde AG(Germany),Bayer AG(Germany),Merck KGaA (Germany),DSM (Netherlands),SABIC (Saudi Arabia),Sinopec Corp (China),China National Chemical Corporation (China),Mitsubishi Chemical Corporation (Japan),Toray Industries, Inc (Japan),Sumitomo Chemical Co., Ltd. (Japan),LG Chem (South Korea), and Other Major Players.

Global Chemical Logistics Market Segment Analysis:

By Service,
The Transportation segment of the Chemical Logistics Market is experiencing growth due to globalization. Globalization has led to an increase in international trade of chemicals, necessitating efficient transportation networks to move products across borders.

By Mode of Transportation
The Waterways mode of transportation in the Chemical Logistics Market is experiencing growth due water transport offers a cost-effective solution for transporting bulk chemicals over long distances. Ships have large capacities and can carry substantial loads, leading to economies of scale and lower per-unit transportation costs compared to other modes like road or air.

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By Service
• Transportation
• Warehousing
• Customs & Security
• Green Logistics
• Consulting & Management Services

By Mode of Transportation
• Roadway
• Railways
• Airways
• Waterways
• Pipelines

By End User
• Pharmaceutical Industry
• Cosmetic Industry
• Oil and Gas Industry
• Specialty Chemicals Industry

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Chemical Logistics Market Regional Insights:

The chemical logistics industry is expected to be led by the Asia Pacific region. The presence of rising economies in the area, such as India and China, is a prominent driver of market expansion. The entire Southeast Asia region is emerging as an economy hotspot in the Asia Pacific. Additionally, India is a global leader in chemical exports and imports, ranking 14th in exports and eighth in imports. While the chemical industry is global, China is its biggest single market. Developing countries are focusing on the manufacturing sector and building strong warehouse infrastructure, which is expected to fuel the expansion of the chemical logistics industry.

By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Global Chemical Logistics Market:

• In December, 2023: Quantix, a portfolio business of Wind Point Partners ("Wind Point") and North America's premier chemical industry supply chain services provider, announced the purchase of Mid-States Packaging. Mid-States is a full-service dry bulk transportation, warehousing, and export services provider with 11 facilities in Texas, the Northeast, and the Mid-Atlantic. Mid-States expands Quantix's regional footprint and expands its warehouse and trucking transportation activities.

• In April, 2022: C.H. Robinson and Waymo, an American autonomous driving technology company enter a strategic partnership to advance the development of autonomous trucking for supply chains. Waymo Via's autonomous trucks to haul C.H. Robinson customer freight in several pilots over the coming years. Expertise and knowledge sharing to spur the long-term development of autonomous freight transportation for customers and carriers.

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