Bulk Liquid Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|Florida Rock & Tank Lines, Prime Inc., Martin Transport Inc., Quality Distribution Inc., Kenan Advantage Group Inc.

The Bulk Liquid Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Bulk Liquid Global Market Report 2024, The bulk liquid market size has grown strongly in recent years. It will grow from $60.58 billion in 2023 to $65.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to shifts in energy consumption, regulatory changes, emergence of petrochemical industry, global trade expansion, industrial revolution impact.

The bulk liquid market size is expected to see strong growth in the next few years. It will grow to $86.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to global economic growth, shift in energy demands, environmental regulations, supply chain optimization, market volatility impact. Major trends in the forecast period include shifts in consumer behavior, market volatility impact, risk management & security, infrastructure developments, demand for specialized services.

Increasing production and consumption of chemicals drives the demand for the bulk liquid market. According to the American Chemical Council, tonnes of products are supplied to the chemical industry through rail, truck, waterborne modes, and pipelines. According to the Eurostat statistics, 86.4 million tons of environmentally harmful chemicals were consumed in 2021, an enormous 7% rise from the year before. Therefore, high production and consumption of chemicals and related products are projected to generate high demand for bulk liquid truck transportation and subsequently fuel the growth of the bulk liquid market.

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The bulk liquid market covered in this report is segmented –

1) By Liquid Type: Edible liquids, Non-Edible liquids
2) By Properties: Flammable, Non-Flammable
3) By End Use: Chemical, Dairy, Beverages, Other End Users

Electronic logging devices (ELD) are increasingly being adopted by the trucking industry to regulate the working hours of truck drivers. An electronic logging device is a technology used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and hours of service (HOS) records, capturing data on the vehicle’s engine, movement, and miles driven. Increased digitization and the use of telematics technology are also boosting growth in the market. The USA was an early adopter of this technology and has mandated ELD for all commercial vehicles. For instance, in July 2022, according to Geotab Inc., a Canada-based telematics solutions company, Canada mandates the use of ELD for all motor vehicle commercial motor vehicle drivers to record drier and vehicle activity.

The bulk liquid market report table of contents includes:

1. Executive Summary
2. TBulk Liquid Markett     Characteristics
3. TBulk Liquid Markett     Trends And Strategies
4. TBulk Liquid Markett     – Macro Economic Scenario
5. Global TBulk Liquid Markett     Size and Growth

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32. Global TBulk Liquid Markett     Competitive Benchmarking
33. Global TBulk Liquid Markett     Competitive Dashboard
34. Key Mergers And Acquisitions In TBulk Liquid Markett
35. TBulk Liquid Markett     Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players

• Florida Rock & Tank Lines
• Prime Inc.
• Martin Transport Inc.
• Quality Distribution Inc.
• Kenan Advantage Group Inc.

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