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Bulk Liquid Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Bulk Liquid Market
As per the report, the bulk liquid market size has grown strongly in recent years. It will grow from $60.58 billion in 2023 to $65.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The bulk liquid market size is expected to see strong growth in the next few years. It will grow to $86.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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Surge In Chemical Production Drives Demand For Bulk Liquid Market
Increasing production and consumption of chemicals drives the demand for the bulk liquid market. According to the American Chemical Council, tonnes of products are supplied to the chemical industry through rail, truck, waterborne modes, and pipelines. According to the Eurostat statistics, 86.4 million tons of environmentally harmful chemicals were consumed in 2021, an enormous 7% rise from the year before. Therefore, high production and consumption of chemicals and related products are projected to generate high demand for bulk liquid truck transportation and subsequently fuel the growth of the bulk liquid market.
Rising Adoption Of Electronic Logging Devices (ELD) In Trucking Industry And Its Impact On Hours Of Service (HOS) Compliance
Electronic logging devices (ELD) are increasingly being adopted by the trucking industry to regulate the working hours of truck drivers. An electronic logging device is a technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and hours of service (HOS) records, capturing data on the vehicle's engine, movement, and miles driven. Increased digitization and the use of telematics technology are also boosting growth in the market. The USA was an early adopter of this technology and has mandated ELD for all commercial vehicles. For instance, in July 2022, according to Geotab Inc., a Canada-based telematics solutions company, Canada mandates the use of ELD for all motor vehicle commercial motor vehicle drivers to record drier and vehicle activity.
The bulk liquid market covered in this report is segmented -
1) By Liquid Type: Edible liquids, Non-Edible liquids
2) By Properties: Flammable, Non-Flammable
3) By End Use: Chemical, Dairy, Beverages, Other End Users
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Major companies operating in the bulk liquid market report are Florida Rock & Tank Lines, Prime Inc., Martin Transport Inc., Quality Distribution Inc., Kenan Advantage Group Inc., Apex Logistics, Tidewater Transit Co., Dupre'Logistics LLC, Eagle Transport Corp., Ruan Transportation Management Systems Inc., HeniffTransportationSystemsLLC, GroendykeTransport, Foodliner, A&RLogistics, J&M TankLines Inc., Grammer LogisticsInc., Cliff Viessman Inc., Coastal Transport Co., HermanR.Ewell Inc., CLI Transport LP, Superior Bulk Inc., Tankstar Inc., Trimac Transportation, Andrews Logistics, CCC Transportation LLC, ATOStransportes auto tanques ochoa - ATOSA, Solar Transport, Service Transport Co., Schilli Corp., Liquid Trucking
Contents of the report:
1. Executive Summary
2. Bulk Liquid Market Report Structure
3. Bulk Liquid Market Trends And Strategies
4. Bulk Liquid Market - Macro Economic Scenario
5. Bulk Liquid Market Size And Growth
…..
27. Bulk Liquid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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