Press release
Solidifying Industrial Demand Propels Chemical Logistics Market Towards $382.93 Billion by 2029
Chemical Logistics Market
Driven by Increasing industrialization and advancing applications in diverse sectors, the global chemical logistics market expects robust growth, further strengthened by trends towards green logistics and digital transformations.
What Is The Projected Market Size Of The Global Chemical Logistics Market And Its Growth Rate?
The global chemical logistics market has been witnessing steady growth and is projected to rise significantly in the coming years:
- In 2024, the market size was valued at $294.16 billion.
- It is expected to reach $305.83 billion in 2025, growing at a CAGR of 4.0%.
- The market size is anticipated to soar to $382.93 billion in 2029 at a higher CAGR of 5.8%, driven by sustainability initiatives, digitalization and IoT integration, advanced analytics, market demand fluctuations, and e-commerce growth.
What Is Driving The Growth In The Chemical Logistics Market?
The growth in the chemical logistics market is majorly driven by increasing chemical production. The production of chemicals has seen exponential growth due to an increased demand across various industries including food production, pharmaceutical manufacturing, automobile manufacturing, and engineering. According to the American Chemistry Council, chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022. Simultaneously, India's chemical sector (including fertilizers and pharmaceuticals) showcased 18-23% revenue growth in FY2022, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is propelling the expansion of the chemical logistics market.
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Who Are The Key Players Driving Chemical Logistics Market Growth?
The following key players are driving the growth in the chemical logistics market:
- A&R Logistics LLC
- Deutsche Post DHL Group
- CH Robinson Worldwide Inc.
- Rhenus Logistics LLC
- Deutsche Bahn AG
- BASF SE
- Ryder System Inc.
- CEVA Logistics LLC
- FedEx Corporation
- Montreal Chemical Logistics
- Schneider National Inc.
- Odyssey Logistics & Technology Corporation
- Univar Solutions Inc.
- Bd Trans-Logistics Sp. z o. o.
- Henus Logistics LLC
- Kuehne + Nagel International AG
- DACHSER SE
- DHL Global Forwarding Pte. Ltd.
- Expeditors International of Washington Inc.
- GEODIS
- Hellmann Worldwide Logistics SE & Co KG
- Kerry Logistics Network Limited
- Nippon Express Co. Ltd.
- Panalpina World Transport Ltd.
- Sinotrans Limited
- UPS Supply Chain Solutions Inc.
- Yusen Logistics Co. Ltd.
What Are The Key Trends In The Chemical Logistics Market?
The key trends in chemical logistics market include:
- Green logistics
- Autonomous vehicles
- Blockchain adoption
- Resilient supply chains
- 3D printing in manufacturing.
What Are The Segments Of The Global Chemical Logistics Market?
The Global Chemical Logistics Market is segmented by:
1) Services: Transportation And Distribution Services, Storage And Warehousing Services, Customs And Security Services, Green Logistics Services, Consulting And Management Services, Other Services.
2) Mode Of Transportation: Roadways, Railways, Airways, Waterways, Pipelines.
3) End User: Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil And Gas Industry, Specialty Chemicals Industry, Food Industry, Other End Users.
Which Region Leads The Chemical Logistics Market?
Asia-Pacific was the largest region in the chemical logistics market in 2024. The regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, reflecting the broad geographical distribution of the chemical logistics market.
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What Is Covered In The Chemical Logistics Market Global Market Report?
- Market Size Analysis: Analyze the Chemical Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Chemical Logistics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Chemical Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Chemical Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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