Global Chemical Logistics Market Report 2022
The major players in the chemical logistics market are A&R Logistics, Deutsche Post, CH Robinson, BDP International, Rhenus Logistics, Deutsche Bahn (DB) Schenker, BASF, Rhenus Logistics, Ryder System Inc.
New York, July 4 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Chemical Logistics Global Market Report 2022” – https://www.reportlinker.com/p06290053/?utm_source=GNW
CEVA Logistics, FedEx, Montreal Chemical Logistics, Schneider National Inc., Odyssey Logistics & Technology Corporation and Univar Solutions Inc.
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 chemical logistics market is expected to reach USD 317.17 billion in 2026 at a CAGR of 3.9%.
The chemical logistics market includes sales of chemical logistics services by entities (organizations, partnerships, and sole proprietors) that are used to efficiently handle and deliver chemicals. 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 all industries. Pharmaceuticals, food and other everyday products are all made with chemicals, whether liquid or solid.
Chemical logistics services help transport these compounds with extreme caution to avoid any security risks such as contamination and spoilage.
The main types of services in chemical logistics are transportation and distribution services, storage and warehousing services, customs and security services, green logistics services, and consulting and management services. Transmission and distribution services can be used to connect customers, raw material suppliers, factories, warehouses and channel members with the help of water, rail, road carrier, air and pipeline.
The different modes of transport include roads, railways, airways, waterways and pipelines, and are used by the chemical industry, pharmaceutical industry, cosmetics industry, oil and gas industry , specialty chemical industry, food industry and other industries.
Asia-Pacific was the largest region in the chemical logistics market in 2021. Regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe East, North America, South America, the Middle East and Africa.
The Chemical Logistics Market research report is one of a series of new reports that provides statistics on the Chemical Logistics market, including the global Chemical Logistics industry market size, shares regions, competitors holding Chemical Logistics market share, detailed Chemical Logistics market segments, market trends and opportunities. , and all the additional data you may need to thrive in the chemical logistics industry. This Chemical Logistics Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Rising chemical production is expected to propel the growth of the chemical logistics market in the future. An increase in the production of chemicals to supply various industries, including food production, pharmaceutical manufacturing, automotive manufacturing, and engineering, leads to an increase in the need for safe corners for transportation and distribution services.
For example, 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. Additionally, according to the Government of India, India’s chemical sector (including fertilizers and pharmaceuticals) reached USD 178 billion in 2019 and is expected to reach USD 304 billion by 2025, with an annual growth rate of 9.3%. Hence, the increase in chemical production is driving the growth of the chemical logistics market.
Collaborations and partnerships have become the key trends gaining popularity in the chemical logistics market. The major players in the chemical logistics market are establishing partnerships and collaborations for the development of innovative and technologically advanced products.
For example, in July 2021, Arkema SA, a specialty chemicals and advanced materials company, joined Swiss commercial technology pioneer Nexxiot to digitize the fleets of Isotank (tank containers) and rail freight wagons. ‘Arkema using cutting-edge IoT devices and intelligent cloud platform from Nexxiot. This partnership would provide end-to-end visibility to Arkema’s customers to raise quality standards and transform the entire service experience. Additionally, in February 2021, Agility Logistics, a Kuwait-based logistics provider, collaborated with Shipa, a US-based digital logistics platform, to launch an express bonded road freight network that connects businesses and consumers across the GCC. This collaboration would result in a new service that would offer customers LTL and FTL alternatives as well as a fast and cost-effective way to export packages, pallets or containers of goods.
In April 2021, A&R Logistics, an American company that provides supply chain services for the chemical industry, acquired Luckey Trucking for an undisclosed amount. Through this acquisition, A&R would strengthen its market leadership and increase its fleet of highly specialized tractors and trailers and also increased its depth in core services and improved its ability to provide end-to-end solutions to customers.
Lucky Trucking is an Australian company operating in the chemical logistics industry.
The countries covered in the Chemical Logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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