Authored By: Sarah
06 Feb 2024

Chemical Logistics Boom: Riding the USD 53.66 Billion Wave!

The Chemical Logistics Market is gearing up for significant expansion, projecting a USD 53.66 billion increment at a robust CAGR of 3.65% from 2023 to 2027. Key drivers include the global chemical industry's growth, heightened use of multimodal transportation, and enhanced port infrastructure. Major players like BASF SE, CMA CGM SA, and Deutsche Post AG are strategically positioning themselves through alliances, partnerships, and expansions, reinforcing their foothold in the chemical logistics realm.

The chemical industry's anticipated 3.85% growth from 2016 to 2030, driven by falling crude oil prices and rising demand for key feedstocks like naphtha, underscores the demand for chemical logistics. The industry's pivot to emerging Asian economies, expected to contribute 64.60% to global chemical sales by 2030, further propels market growth.

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Chemical Logistics Market Size 2023 to 2027

Chemical Logistics Market Size And Forecast

Segment Spotlight:  

Chemical logistics market report segmentation is based on end-user (chemical, pharmaceutical, and specialty chemical industries), geography (APAC, North America, Europe, Middle East and Africa, and South America), and service (transportation, warehousing, and others).

Fastest-Growing Segment: Transportation

Transportation services are set to witness significant growth, fueled by increased intra-regional trades, distribution, and manufacturing facility relocations. Free trade agreements and trade bloc formations add momentum to the global surge in transportation services.

Key Region: APAC Dominance

Asia-Pacific (APAC) takes the lead, poised to capture 64% of the global market share by 2023. APAC's rapid growth, driven by low labor costs, manufacturing expenses, and a thriving consumer base, manifest in the burgeoning development of logistic parks and expanded logistics space.

In summary, the Chemical Logistics Market promises a lucrative landscape for investors, marked by growth, strategic maneuvers, and dynamic regional shifts. Request for Chemical Logistics Market Sample Report.

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