Report ID: SQMIG20R2049
Report ID:
SQMIG20R2049 |
Region:
Global |
Published Date: December, 2024
Pages:
178
|
Tables:
99 |
Figures:
71
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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Report ID: SQMIG20R2049