Chemical Logistics Market
Report ID: SQMIG20R2049
Chemical Logistics Market Size, Share, Growth Analysis, By Services, By Transportation, By End Use, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20R2049 |
Region:
Global |
Published Date: December, 2024
Pages:
178
|Tables:
0
|Figures:
0
Chemical Logistics Market Insights
Chemical Logistics Market size was valued at USD 295.66 Billion in 2023 and is poised to grow from USD 307.19 Billion in 2024 to USD 417.2 Billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).
The chemical logistics market growth is influenced by a dynamic environment characterized by factors that drive and restrain growth in equal measure. Growth drivers include increased demand from these sectors for chemicals such as medicines, agriculture, automotive, and energy areas, where there is a need for efficient logistics solutions to international supply chains. According to Green, growth in e-commerce and trade, with a significant emphasis on developing countries, only increases the demand for specialized chemical storage and transportation. Some technologies that are presently being developed to be used in innovation in transport, enhance efficiency, increase productivity, and safety in hazardous goods transportation include automation, digitization, and real-time tracking systems. Inspired by rising regulatory demands to address environmental issues, including stricter emission regulations and conditions for sustainability, the innovation in environmentally friendly logistics solutions, along with green technology and sustainable packaging, is gaining momentum. However, the market faces several constraints. For logistics firms, stringent legislation and standard requirements are a major issue, particularly with the handling of dangerous materials. While the issue of complex chemical supply chains, which involves heterogeneous storage and handling requirements, increases operating costs, volatile fuel prices and increasing transportation costs can squeeze margins. The stability and growth of chemical logistics also affect the increasing confrontations in the political arena, trade restriction, and disruptions of global supply chains. At the same time, the increasing needs for safe and efficient chemical transportation account for the ample opportunities present.
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Chemical Logistics Market Segmental Analysis
Global Chemical Logistics Market is segmented by Services, Transportation, End Use and Region. Based on Service, the market is segmented into Transportation, Warehousing, Distribution, Value Added Services. Based on Transportation, the market is segmented into Road, Rail, Sea, Air. Based on End Use, the market is segmented into Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Food, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Mode of Transportation
Chemical transportation is mainly done by road; hence roadways are the dominant mode of transportation in the chemical logistics industry. The adaptability of roads makes it very possible to provide door-to-door services to both urban and rural locations. It is best for short and medium distances, carrying a wide variety of chemicals, some volatile, others perishable and hazardous commodities. Trucks can handle bulk liquids, gases, and packaged components of various chemical goods. The road network can be considered cost-effective as it has extensive coverage and is always improving at global levels. However, problems such as fuel prices, environmental issues, and more regulation, call for a greener solution in vehicle transport.
However, as per the chemical logistics market analysis, the railways segment is expected to grow significantly. This is attributed to the increasing needs for long-distance, affordable, and eco-friendly solutions. Large volumes of bulk chemicals, such as petrochemicals, fertilizers, and industrial chemicals, should be transported via rail. Another significant environmental reason has led to the generation of fewer car-bons compared to automobile transport due to rail travel. Moreover, rail requires less fuel over long distances that are anticipated to reduce transportation costs. Usage of rail is on the increase in territories like North America, Europe, and Asia that have a growing network infrastructure of trains. For the long term, rail transport may come to the fore in chemical logistics, as sustainability is going to be the primary focus in the future.
Analysis By Services
The biggest shareholder of the chemical logistics market is the transportation & distribution segment will be driven mainly by a need to transport chemicals from manufacturing sites to end consumers in such diverse sectors as food processing, pharmaceuticals, and chemicals. Transport refers to any form of transport, road, rail, air, or sea freight, while distribution means getting the chemicals to their destination rapidly and within budget. The most notable service is transportation, focused on safety, compliance, and efficiency of the movement of hazardous goods mainly because of the huge volume and frequency required to be shipped globally. Another important and complicated segment in the process of distribution necessary for keeping seamless chemical supply chains running is last-mile delivery.
Contrarily, based on chemical logistics market forecast, the fastest-growing category in the market is green logistics. The chemical logistics companies are opting for more environmentally friendly practices, including the reduction of carbon emissions, electric cars, fuel optimization, and developing environmentally friendly packaging solutions. Other alternative fuels and energy-friendly transport networks also comprise green logistics. This is being driven by the commitment of the chemical industry towards carbon footprint reduction and a global mandate for tougher environmental regulation. With this, as companies must comply with customer demand towards sustainable practices and statutory obligations, green logistics is expected to increase at an accelerated pace.
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Chemical Logistics Market Regional Insights
North America dominates the chemical logistics market. One of the world's largest chemical companies is headquartered in the United States. North America has also got an extensive infrastructure network associated with manufacturing, distribution, and transporting chemicals. It has highly developed networks of logistics, comprising advanced warehouse facilities, an impressive road, rail, and port network. Furthermore, North America leads the chemical logistics industry with regard to innovation, compliance with regulations, and the factors of safety in dealing with hazardous chemicals. Its market leadership also arises from the massive presence of large chemical companies and the incessant growth of the shale oil and gas industry.
Asia-Pacific will also experience development at the fastest pace of this chemical logistics industry. The region's rapid growth is mainly supported by rapid urbanization, industrialization, and the constantly rising chemical manufacturing industries in countries such as China, India, Japan, and South Korea. The latter is propagated by the regionally increasing demand for chemicals in diversified industries, such as agriculture, pharmaceuticals, and the automotive sector. This investment in infrastructure construction or development in the form of port facilities, warehouses, and transportation networks also supports growth. The region is also witnessing growth in green logistics, and it's going to be a large area of future growth as e-commerce grows, and sustainability aspects catch more importance in logistics operations.
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Chemical Logistics Market Dynamics
Chemical Logistics Market Drivers
Increasing Chemical Demand in Every Industry
- One of the strong drivers in the chemical logistics industry is the rising demand for chemicals in a variety of industries in energy, automotive, pharmaceuticals, and agriculture. Companies expanding across borders increasingly require efficient chemical distribution, storage, and transportation. Chemical logistics proves significant in upholding the integrity of supply chains, ensuring timely delivery, and in aiding manufacturing processes across different sectors.
Innovation in Logistics Technology
- Chemical logistics is experiencing evolution because of innovations such as automation, digitization, real-time tracking and IoT. The above solutions help to facilitate real-time cargo tracking, enhance operational efficiency, cost-saving, and enhanced safety levels for transporting hazardous materials. Predictive analytics and AI also enhance the enhancement of inventory control and routing, thus generally making supply chains have better visibility with fewer delays or interruptions.
Chemical Logistics Market Restraints
Tough Stringent Adherence to Regulations
- The major challenge to the chemical logistics industry is strict adherence to regulations. Hazardous chemical transport is covered by a set of regulations on safety, environmental, and customs in each region. Compliance with such regulations might lead to higher operating costs, less efficient deliveries, and more paperwork for logistics providers. Violation of these strict guidelines can also lead to fines, legal issues, and reputational damage.
Fuel Price Volatility
- One of the strongest constraints on chemical logistics is fuel price volatility. Fuel is an indispensable element in transportation, mainly in air and road travel. And fluctuations in its prices directly influence a company's expenses on logistics. Higher fuel prices often cause higher prices for chemical products, eventually affecting profit margins. These costs need to be absorbed by logistics firms or transferred on to customers and, consequently, diminish their competitiveness.
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Chemical Logistics Market Competitive Landscape
Major International Logistics Providers and specialist chemical logistics firms, along with local ones, are characterizing the chemical logistics competition. More investment is being made in the areas of digital technology, automation, and green logistics by the businesses to keep themselves competitive. In addition, strategic alliances, mergers, and acquisitions are common, and businesses focus on establishing a better and wider service portfolio.
Top Player’s Company Profile
- C.H. Robinson (United States)
- GEODIS (France)
- Brenntag (Germany)
- Kuehne + Nagel (Switzerland)
- Maersk Logistics (Denmark)
- UPS Supply Chain Solutions (United States)
- XPO Logistics (United States)
- Rhenus Logistics (Germany)
- Sinotrans (China)
- DB Schenker (Germany)
- DHL Global Forwarding (Germany)
- FedEx (United States)
- Leschaco (Germany)
- A&R Logistics (United States)
- Agility (Kuwait)
- BDP International (United States)
- BDtrans (United States)
- DSV (Denmark)
- Dimerco (Taiwan)
- Hellmann Worldwide Logistics (Germany)
Recent Developments
- December 2022: Mid-States Packaging has been acquired by Quantix, a portfolio company of Wind Point Partners ("Wind Point") and the leading provider of supply chain services to the chemical industry in North America. With 11 locations across Texas, the Northeast and the Mid-Atlantic, Mid-States is a full-service supplier of dry bulk transportation, warehousing and export services. Mid-States further expands Quantix's trucking and warehousing operations while adding strength to its regional presence.
- April 2022: C.H. Robinson and Waymo, an American autonomous driving technology startup, announce a strategic collaboration aimed at accelerating the development of autonomous trucks for supply chains. Waymo Via driverless trucks will carry the freight of customers of the company over the next several years through multiple test projects. Information sharing and expertise will support long-term growth in autonomous freight transportation for carriers and consumers alike.
- July 2021: Aegis Logistics and Royal Vopak of the Netherlands will establish a joint venture to be called Aegis Vopak Terminals (AVTL) with a focus on growth, in joint ventures, in the LPG, chemical storage, and handling industry. The new alliance will operate a chain of terminals currently located in five key ports on India's east and west coast. The alliance will become one of the largest independent storage firms for chemicals and LPG in India with a combined capacity of nearly 9,60,000 cubic meters.
Chemical Logistics Key Market Trends
- Using Green Logistics Solutions: Sustainability is gradually becoming one of the new trends in the chemical logistics market. The carbon footprint of all storage and transportation activities will have to be decreased. It is not easy to have green logistics but involves several steps such as studying alternative fuel, optimization of fuel consumption, and utilization of electric or hybrid vehicles. With increasingly stringent governmental and customer pressure for ecological friendliness, eco-friendly supply chain solutions, energy-saving warehouses, and sustainable packaging are on an upsurge.
- Transition to Digitalization and Automation: The chemical logistics market is changing too, because of automation and digital technology. Drones, automobiles, robots, and modern management systems help save much in productivity and enhance safety in warehouses. Such tools improve data analytics that facilitate real-time tracking, help decrease errors by humans, further decision making, and create an unobstructive flow for the supply chains. This AI has combined itself into helping the business manage various processes more effectively without many risks and ensures increased high standards customer satisfaction.
Chemical Logistics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to increasing demand for chemicals globally from various sectors such as agriculture, automotive, and pharmaceuticals, the market in chemical logistics will continue to grow steadily. Moreover, the most critical shift in the industry is automation, digitization, and green logistics that make the storage and movement of chemicals safe, sustainable, and efficient. The overall leaders of the rapid-growth sector are roads, because of their affordability and sustainability. Yet, railroads suffer from such issues such as environmental consideration, volatility in the price of fuel, and questions of regulatory compliance. Logistics companies are instead looking to invest in sustainability practices and technology innovations as a way to compete. The market for chemical logistics will naturally evolve as these trends keep changing, which will provide ample opportunities for growth and innovation.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 295.66 Billion |
| Market size value in 2032 | USD 417.2 Billion |
| Growth Rate | 3.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chemical Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chemical Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chemical Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chemical Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chemical Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chemical Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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