Global chemical logistics Industry to reach USD 3.6 trillion by 2025.
Global chemical logistics Industry is valued approximately USD 1.3 trillion in 2017 and is anticipated to grow with a healthy growth rate of more than 13.98 % over the forecast period 2019-2025. Growing demand for modernized green warehouses in chemical industry is the key factor triggering the growth of the chemical logistics Industry over the forecast period of 2019-2025. Also, the rising demand for energy conservation, the private players are focusing on adopting eco-friendly and sustainable business initiatives thereby, contributing towards the growth of the chemical logistics Industry.
Key driving factor for the chemical logistics Industry is growth in chemical industry. For instance: According to the American Chemistry Council (ACC)’s Chemical Industry Situation and Outlook presents that in 2017, U.S. chemical trade increased by 6.2% to $241.0 billion (6% increase) in 2017. Also, the United States chemical exports is expected to grow around 7.2% to $139.2 billion in 2017. By 2023, the trade surplus in chemical industry is anticipated to reach $71.4 billion. Thus, growth in chemical industry would generate the need for chemical logistics since the utilization of logistics allows the chemical industry to access regular supply of both chemical distributors and suppliers from different locations across the globe. As a result, the demand and adoption of chemical logistics would increase thereby, supplementing the growth of the Industry over the forecast period. Furthermore, rising concerns related to product safety and security offers lucrative growth prospects for the chemical logistics Industry. However, high cost of operations coupled with the growing Industry competition expected to hinder the growth of the Industry during the forecast period.
On the basis of segmentation, the chemical logistics Industry is segmented into services. The service segment of global chemical logistics Industry is classified into transportation, warehousing and others.
The regional analysis of chemical logistics Industry is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific holds the leading position in chemical logistics Industry headed by India and China owing to the growth in chemical industry along with the rising urbanization. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of Industry share. The growth of Asia-Pacific region is witnessed owing to increasing disposable income and rapid industrialization. Also, growing focus to develop industrial infrastructure is also expected to supplement the growth of Asia-Pacific region over the forecast period.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Chemical Logistics Industry Share and Size by 2019-2025
Chemical Logistics Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Chemical Logistics Market are as follows:
Deutsche Post DHL Group
Montreal Chemical Logistics