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Chemical Logistics Market Poised for Robust Expansion: Global Market Size to Reach $382.93 Billion by 2029

28 Jan, 2025

What has been the Growth Trajectory of the Chemical Logistics Market in Recent Years?

The chemical logistics market has demonstrated a steady growth over the years.
• In 2024, the market size stood at $294.16 billion, and grew to $305.83 billion in 2025, witnessing a promising CAGR of 4.0%.
This expansion in the historic period is largely attributable to industrialization, globalization, regulatory compliance, and supply chain optimization.

What is the Projected Market Size and Growth Rate for the Chemical Logistics Market?

The chemical logistics market is anticipated to witness a strong growth in the upcoming years.
• The market size is predicted to reach $382.93 billion in 2029, growing at a formidable Compound Annual Growth Rate (CAGR) of 5.8%.
This robust growth in the forecast period is expected to be driven by sustainability initiatives, integration of digitalization and Internet of Things (IoT), e-commerce growth, advanced analytics, and market demand fluctuations. Key trends to look out for include green logistics, blockchain adoption, autonomous vehicles, resilient supply chains and 3D printing in manufacturing.

What Factors are Propelling the Growth of the Chemical Logistics Market?

The chemical logistics market growth is significantly influenced by the rise in chemical production. An escalation in the production of chemicals to cater to multiple industries like food production, pharmaceutical and automobile manufacturing, and engineering amplifies the demand for transportation and distribution services. For instance, based on American Chemistry Council data, chemical volumes in the United States saw an increase of 1.4% in 2021 and 3.2% in 2022, while shipments amplified by 8.1% in 2021 and 8.2% in 2022. Similarly, the Indian government reports that India's chemical sector (including fertilizers and pharmaceuticals) exhibited a revenue growth of 18-23% in FY2022 and projects its expansion to reach USD 304 billion by 2025, with an annual growth rate of 9.3%. The rise in chemical production is therefore a key driver for the chemical logistics market growth.

How is the Chemical Logistics Market Segmented?

The chemical logistics market is segmented based on:
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

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What Trends are Shaping the Chemical Logistics Market?

Major companies in the chemical logistics market are prioritizing the development of innovative solutions, such as chemical logistics centers to enhance operational efficiency and improve service delivery. An example of this trend can be seen in GWC Logistics, a Qatar-based company, which launched a chemical logistics center in Doha's industrial area in December 2023 that caters to diverse industries with specialized storage for hazardous materials.

Who are the Key Players in the Chemical Logistics Market?

Key players in the market include:
• 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.
• Agility Logistics Pvt. Ltd.
• Damco Solutions Pvt. Ltd.

What is the Geographic Synopsis of the Chemical Logistics Market?

Asia-Pacific held the largest share in the chemical logistics market in 2024. The regions encompassed in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.