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Classified in: Transportation, Covid-19 virus
Subject: MRR

Chemical logistics market size to grow by USD 53.66 billion from 2022 to 2027; the Growth of the Global Chemical Industry will boost market - Technavio

NEW YORK, June 9, 2023 /PRNewswire/ -- The chemical logistics market size is forecast to increase by USD 53.66 billion from 2023 to 2027, at a CAGR of 3.65%, according to the recent market study by Technavio. The growth of the chemical logistics market depends on several factors, including the growth of the chemical industry, increasing use of multimodal transportation in chemical logistics, and growing port infrastructure reducing the dwelling time of vessels at ports. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Agility Public Warehousing Co. K.S.C.P, BASF SE, BRENNTAG SE, C H Robinson Worldwide Inc., CMA CGM SA, CSX Corp., CT Logistics, Deutsche Bahn AG, Deutsche Post AG, Dow Inc., DSV AS, Dupre Logistics, FedEx Corp., Kintetsu Group Holdings Co. Ltd., North West Carrying Company LLP, PSA International Pte Ltd., Saudi Basic Industries Corp., Schneider National Inc., and Univar Solutions Inc.

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The market is segmented by service (transportation, warehousing, and others), end-user (chemical industry, pharmaceutical industry, specialty chemical industry, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The market share growth by the transportation segment will be significant for the overall market growth during the forecast period. A rise in intra-regional trades and distribution of chemicals, as well as the relocation of manufacturing facilities to countries such as Brazil, China, India, Mexico, and South Africa, where labor costs are low, is spurring the demand for both domestic and international chemical transportation logistics. An increase in free trade agreements and the formation of a trade bloc between countries are also driving the demand for transportation services across the world.

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Chemical Logistics Market - Market Dynamics

Key Drivers

The demand for chemical logistics is driven by the growth of the global chemical industry. The shift of the chemical logistics industry to emerging Asian countries is likely to propel market growth. For instance, the global sales of chemicals in Asia account for the largest share of chemical sales across the globe due to the presence of many emerging economies such as China, India, Singapore, Malaysia, and Vietnam. Chemical sales are expected to grow in Asia. By 2030, chemical sales in Asia will account for 64.60% of global chemical sales. This shift of chemical industries to Asian countries will strengthen the market during the forecast period.

Significant Trends

One of the key trends emerging in the global chemical logistics market is the increased demand for large-capacity sea vessels. High-end sea vessels are characterized by ample dock space, increased storage capacity, high engine capacity, and high bollard pull. These large-sized vessels use the latest technology, such as a controllable pitch propeller. These large-sized vessels use the latest technology and have a higher utilization rate. Their load handling capacity is also high; hence, they can transport larger quantities of chemicals in one go, which also reduces the logistics cost. The increased demand for large containers in the global chemical sea transportation market will also drive the market.

Major Challenges

The high cost of operations and capital-intensive business is the major challenge impeding market growth. The construction of a new chemical warehouse and storage facility is a highly capitate al-intensive task and requires complying with a wide range of specifications and obtaining certifications. In addition, the operational and maintenance costs of warehouses are very high. The warehousing sector is attracting various investments owing to the increasing demand for warehousing solutions. However, the successful and optimized operation of warehouses is a critical task. Appropriate financial modeling, demand mapping, and infrastructure analyses are some of the key aspects required for a feasible and efficacious warehouse and storage facility. Since the capital involved in the manufacturing and setting up of a warehouse is irreversible, the period required to receive the return on investment is long. Such high costs will hinder the market growth during the forecast period.

What are the key data covered in this Chemical Logistics Market report?

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Related Reports: 

Chemical Logistics Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 3.65%

Market growth 2023-2027

USD 53.66 billion

Market structure


YoY growth 2022-2023 (%)


Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 64%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, BASF SE, BRENNTAG SE, C H Robinson Worldwide Inc., CMA CGM SA, CSX Corp., CT Logistics, Deutsche Bahn AG, Deutsche Post AG, Dow Inc., DSV AS, Dupre Logistics, FedEx Corp., Kintetsu Group Holdings Co. Ltd., North West Carrying Company LLP, PSA International Pte Ltd., Saudi Basic Industries Corp., Schneider National Inc., and Univar Solutions Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Service

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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