According to a research report published by Spherical Insights & Consulting, the Global Chemical Logistics Market Size is Expected to Grow from USD 267.89 Billion in 2023 to USD 369.83 Billion by 2033, Growing at a CAGR of 3.28% during the forecast period 2023-2033.

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Chemical logistics is the process of managing and planning the flow of chemicals and related products from suppliers to manufacturers and customers. Using this procedure, the right chemicals are delivered to the right places at the right times. Transportation, security, storage, and inventory management are all included in chemical logistics. As logistics develops, the development of new business models through the use of digital tools such as artificial intelligence (AI) will become more and more important. One of the primary drivers driving the market’s growth is the growing digitization and integration of cutting-edge technologies that enhance the traceability, effectiveness, and transparency of chemical supply chains. As a result, the market is expanding due to the increasing usage of IoT devices, RFID technology, and telematics, which enable real-time tracking and surveillance of chemical shipments and ensure visibility at every stage of the logistics process. However, chemical logistics firms offer their services by road, rail, sea, and air. As a result, product transportation presents several difficulties.

Browse key industry insights spread across 240 pages with 110 Market data tables and figures & charts from the report on the Global Chemical Logistics  Market Size, Share, and COVID-19 Impact Analysis, By Mode of Transportation (Roadways, Railways, Airways, Waterways, and Pipelines), By Services (Transportation and Distribution, Storage & Warehousing, Customs & Security, Green Logistics, and Consulting & Management Services), By End-User (Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, and Oil & Gas Industry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The roadways segment is predicted to hold the highest market share of the chemical logistics market through the forecast period.

Based on the mode of transportation, the chemical logistics market is divided into roadways, railways, airways, waterways, and pipelines. Among these, the roadways segment is predicted to hold the highest market share of the chemical logistics market through the forecast period. Companies that transport chemicals are investing in improving the quality of their fleets in order to facilitate chemical logistics. It is expected that the leading logistics corporations will form a joint venture to expand their capacity to supply chemical logistics services in China, which will raise the demand for highways.

The transportation and distribution segment is anticipated to hold the largest market share of the chemical logistics market during the projected timeframe. 

Based on the services, the chemical logistics market is divided into transportation and distribution, storage & warehousing, customs & security, green logistics, and consulting & management services. Among these, the transportation and distribution segment is anticipated to hold the largest market share of the chemical logistics market during the projected timeframe. Since transporting chemicals usually entails large shipments over great distances, transportation is a significant expense. For the worldwide delivery of raw materials and completed goods, businesses give preference to service providers who provide scalable and sustainable transportation networks. Markets have grown due to globalization, but transportation needs have also increased, which has raised demand for multimodal carriers with chemical handling expertise. Strict laws governing the transportation of chemicals also need skilled operators with safety compliance systems. Value is added by transporters who are capable of handling intricate documents. As production facilities spread out around the globe to streamline supply chains, transportation services are utilized to connect manufacturing and customer bases effectively.

The chemical industry segment is expected to hold the largest market share of the chemical logistics market in the projected period.

Based on the end-user, the chemical logistics market is categorized into the chemical industry, pharmaceutical industry, cosmetic industry, and oil & gas industry. Among these, the chemical industry segment is expected to hold the largest market share of the chemical logistics market in the projected period. The need for logistics services in the chemical sector is anticipated to increase as a result of businesses focusing on local chemical manufacturing and the growing need for raw chemicals. Along with the planning and execution of chemical supply chain management, the pharmaceutical segment covers some of the logistical services that are critical to the pharmaceutical business, including product logistics, freight forwarding, and warehousing.

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Asia Pacific is estimated to hold the largest share of the chemical logistics market over the forecast period.

Asia Pacific is estimated to hold the largest share of the chemical logistics market over the forecast period. The growth of the chemical logistics market in the Asia-Pacific region is influenced by the expansion of the chemical market as well as the relocation of chemical production operations from their conventional locations to the developing countries of the area. Growing infrastructure, the creation of new industrial sites, and an increase in urbanization have created a need for a well-organized upstream and downstream chemical logistics supply chain in Asia-Pacific’s growing countries. Furthermore, the pattern of international trade is changed by the growing concentration of the chemical sector in the Asia-Pacific area. It makes it possible to manage the supply chain from producers to suppliers to customers. The chemical logistics sector also has new prospects as a result of advancements in cross-functional supply chain management systems.

Europe is predicted to have the fastest CAGR growth in the chemical logistics market over the forecast period. The petrochemical sector is expected to grow as a result of the rise in ethylene production in major countries such as Germany, France, and the United Kingdom. This is probably going to encourage the market for chemical logistics in Europe to grow. Future demand shifts are expected to lead to more cracker and polymer plant outages in Europe’s petrochemical sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the chemical logistics market include FedEx, GEODIS, Kuehne + Nagel, Maersk Logistics, Nippon Express, Rhenus Logistics, Sinotrans, UPS Supply Chain Solutions, XPO Logistics, Brenntag, C.H. Robinson, DB Schenker, DHL Global Forwarding, A&R Logistics, Agility, and Others.

Recent Developments

• In March 2024, Leschaco set up a logistics center for chemicals in the Netherlands. The site is ideally located for multimodal transit, with quick access to major seaports and rivers including the Rhine and Meuse.
• In February 2022, Waymo, a prominent provider of autonomous driving technology, and C.H. Robinson, a global logistics company, partnered strategically to advance the development of autonomous trucking for supply chains. Over the next few years, Waymo Via’s autonomous trucks will transport freight for C.H. Robinson customers in many test projects. Customers and carriers alike stand to gain long-term success in autonomous freight transportation through the partnership’s utilization of experience and knowledge exchange.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the chemical logistics market based on the below-mentioned segments:

Global Chemical Logistics Market, By Mode of Transportation

• Roadways
• Railways
• Airways
• Waterways
• Pipelines

Global Chemical Logistics Market, By Services

• Transportation and Distribution
• Storage & Warehousing
• Customs & Security
• Green Logistics
• Consulting & Management Services

Global Chemical Logistics Market, By End-User

• Chemical Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Oil & Gas Industry

Global Chemical Logistics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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