The global chemical logistics market is expected to grow from $251.94 billion in 2021 to $271.73 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The chemical logistics market is expected to grow to $317.17 billion in 2026 at a CAGR of 3.9%.
What is the Global Chemical Logistics Market?
The chemical logistics market consists of sales of chemical logistic services by entities (organizations, partnerships, and sole proprietors) that are used to handle and deliver chemicals effectively. Chemical logistics is a service that involves the storage and transportation of chemicals along a supply chain with special care by chemical logistics companies. The chemical sector supplies products to almost every industry. Pharmaceuticals, food, and other everyday products are all made with liquid or solid chemicals. The chemical logistics services help to transport these compounds with extreme caution to avoid any safety risks such as contamination and spoilage.
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What drives the Global Chemical Logistics Market?
The rise in chemical production is expected to propel the growth of the chemical logistics market. An increase in the production of chemicals to supply to various industries, including food production, pharmaceutical manufacturing, automobile manufacturing, and engineering, leads to a rise in the need for safe corners of transportation and distribution services. For instance, 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. Furthermore, according to the government of India, India's chemical sector (including fertilizers and pharmaceuticals) reached USD 178 billion in 2019 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%.Therefore, the rise in chemical production is driving the growth of the chemical logistics market.
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Global Chemical Logistics Market Segments
The global chemical logistics market is segmented:
By Services: Transportation and Distribution Services, Storage and Warehousing Services, Customs and Security Services, Green Logistics Services, Consulting and Management Services, Other Services
By Mode of Transportation: Roadways, Railways, Airways, Waterways, Pipelines
By End User: Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals Industry, Food Industry, Other End Users
By Geography: The regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Chemical Logistics Global Market Report 2022provides market size and growth forecasts for the global chemical logistics market, global chemical logistics market share, chemical logistics market segments and geographies, chemical logistics market competitive landscape including leading competitors’ revenues, profiles and market shares. The chemical logistics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Chemical Logistics Industry Playersinclude A&R Logistics, Deutsche Post, C.H. Robinson, BDP International, Rhenus Logistics, Deutsche Bahn (DB) Schenker, BASF, Rhenus Logistics, Ryder System Inc., CEVA Logistics, FedEx, Montreal Chemical Logistics, Schneider National Inc., Odyssey Logistics & Technology Corporation, and Univar Solutions Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
