Chemical Logistics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-5617 Status : Upcoming

Description

Global Chemical Logistics Market: Overview

One of the important areas of all the business sectors such as pharmaceuticals, food production, automobile manufacturing, or processing plastics is the chemical sector. Many of these industries rely on products that are made by the chemical industry as chemical substances are an important basis. The movement of chemicals along the supply chain supported by warehouse and transportation services is termed chemical logistics. Sustainable, efficient, and competitive logistics are important in the chemical industry as consumption and production areas are separately located. In addition to this, the logistics are usually adjustable, agile as well as flexible which enables the market to change effectively and quickly.

Global Chemical Logistics Market: Growth Factors

The rapidly growing chemical industry, rising demand for green warehouses in the chemical industry & automation, and a growing number of oil & gas production sites are the major factors that are spurring the growth of the global chemical logistics market. In addition to this, digital tools are offered by the manufacturers to process data with greater convenience, efficiency & productivity, and to automate chemical logistics. Also, with the rising concerns of conservation of energy & protection of the environment, most of the manufacturers are majorly investing in warehousing solutions that are cost-effective and combine smart technology like robotics, IoT, & smart sensors with green practices. Owing to extensive R&D activities and growing alertness for the safety and security of products, there is a rise in the demand for chemical logistics. All these factors are majorly contributing to the growth of the global market. Moreover, the rise in competition among the key players, the growing infrastructure of transportation, and developing collaboration models are the key features that are driving the growth of the market. Furthermore, advancements in technology for supply chain management are anticipated to propel the growth of the global chemical logistics market in the forthcoming years. However, a high level of fragmentation of the industry and poor storage infrastructure may restrain the growth of the global chemical logistics market.

The COVID 19 pandemic situation has severely affected the logistic sector. Strict lockdown imposed by several governments has negatively affected the transport of materials, as personnel required to maintain the vehicles and transport chain was available in short number, in addition to this many industries, paused their production activities which lowered the demand for chemicals required in the manufacturing process. This resulted in the cancellation of many transport contracts all over the world. Furthermore, many governments put several restrictions on materials supply as well as transportation to restrict the spread of novel coronavirus which ultimately led to a decline in the chemical logistic market. However, to stabilize the economy governments across the world have lowered the restrictions on transportation which may fuel the growth of the chemical logistics market over the forecast period.

Global Chemical Logistics Market: Segmentation

The global chemical logistics market is bifurcated based on the mode of transportation, services, end-use industry, and region. Based on the mode of transportation, the global chemical logistics market is divided into airways, waterways, railways, roadways, and pipelines. The services segment is bifurcated into customs & security, green logistics, transportation & distribution, storage & warehousing, consulting & management services, and others. Based on the end-user industry, the global chemical logistics market is classified into pharmaceutical industry, chemical industry, cosmetic industry, specialty chemicals industry, oil & gas industry, food, and others.

Global Chemical Logistics Market: Regional Analysis

North America is expected to hold a maximum share in the global chemical logistics market over the forecast period. Factors such as a well-established logistic sector, availability of advanced chemical transportation solutions, and large chemical demand from the end-user sector are expected to contribute to the major share of the chemical logistics market in this region. Europe is expected to be in the second position in the global chemical logistic market over the forecast period. However, the Asia Pacific region is expected to register the highest CAGR over the forecast period. Asia Pacific region offers better growth opportunities to the market owing to rapidly growing industrializations, rising need for chemicals in mid-sized manufacturers in the region, and developing commercial logistic network. These factors are expected to boost the chemical logistics market growth in this region.

Global Chemical Logistics Market: Competitive Players

The key players operating in the global chemical logistics market include Agility, C.H. Robinson Worldwide Inc., BDtrans, BASF, Deutsche Bahn (DB) Schenker, A&R Logistics, Ryder System Inc., Rhenus Logistics, and Deutsche Post AG (DHL) among others.

Global Chemical Logistics Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

The rapidly growing chemical industry, rising demand for green warehouses in the chemical industry & automation, and a growing number of oil & gas production sites are the major factors that are spurring the growth of the global chemical logistics market. Furthermore, advancements in technology for supply chain management are anticipated to propel the growth of the global chemical logistics market in the forthcoming years.

The key players operating in the global chemical logistics market include Agility, C.H. Robinson Worldwide Inc., BDtrans, BASF, Deutsche Bahn (DB) Schenker, A&R Logistics, Ryder System Inc., Rhenus Logistics, and Deutsche Post AG (DHL) among others.

North America is expected to keep a maximum share in the global chemical logistics market over the forecast period. Factors such as a well-established logistic sector, availability of advanced chemical transportation solutions, and large chemical demand from the end-user sector are expected to contribute to the major share of the chemical logistics market in this region.

 

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