The chemical logistics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Chemical Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The chemical logistics market size has grown steadily in recent years. It will grow from $286.85 billion in 2023 to $299.59 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to rise in industrialization, increased globalization, regulatory compliance, supply chain optimization.
The chemical logistics market size is expected to see steady growth in the next few years. It will grow to $362.58 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainability initiatives, digitalization and iot integration, advanced analytics, market demand fluctuations, e-commerce growth. Major trends in the forecast period include green logistics, autonomous vehicles, blockchain adoption, resilient supply chains, 3d printing in manufacturing.
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Scope Of Chemical Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rise in chemical production is expected to propel the growth of the chemical logistics market. An increase in the production of chemicals to supply to various industries, including food production, pharmaceutical manufacturing, automobile manufacturing, and engineering, leads to a rise in the need for safe corners of transportation and distribution services. For instance, 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. Furthermore, according to the government of India, India’s chemical sector (including fertilizers and pharmaceuticals) showcased a 18-23% revenue growth in FY2022 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is driving the growth of the chemical logistics market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The chemical logistics market covered in this report is segmented –
1) By Services: Transportation and Distribution Services, Storage and Warehousing Services, Customs and Security Services, Green Logistics Services, Consulting and Management Services, Other Services
2) By Mode of Transportation: Roadways, Railways, Airways, Waterways, Pipelines
3) By End User: Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals Industry, Food Industry, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the chemical logistics market in 2023. The regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the chemical logistics market report are A&R Logistics LLC, Deutsche Post DHL Group, CH Robinson Worldwide Inc., Baltimore, Detroit and Philadelphia Line, Rhenus Logistics LLC, Deutsche Bahn AG, BASF SE, Ryder System Inc., CEVA Logistics LLC, FedEx Corporation, Montreal Chemical Logistics, Schneider National Inc., Odyssey Logistics & Technology Corporation, Univar Solutions Inc., Bd Trans-Logistics Sp. z o. o., Henus Logistics LLC, Kuehne + Nagel International AG, DACHSER SE, DHL Global Forwarding Pte. Ltd., Expeditors International of Washington Inc., GEODIS, Hellmann Worldwide Logistics SE & Co KG, Kerry Logistics Network Limited, Nippon Express Co. Ltd., Panalpina World Transport Ltd., Sinotrans Limited, UPS Supply Chain Solutions Inc., Yusen Logistics Co. Ltd., Agility Logistics Pvt. Ltd., Damco Solutions Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Chemical Logistics Market Report Structure
3. Chemical Logistics Market Trends And Strategies
4. Chemical Logistics Market – Macro Economic Scenario
5. Chemical Logistics Market Size And Growth
…..
27. Chemical Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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