Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the chemical logistics market provides in-depth analysis
of segments and sub-segments in the global as well as regional chemical
logistics market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional chemical logistic market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global chemical logistics market.
According to the report, the global chemical logistics market is projected to
grow at a CAGR of 5.5% over the forecast period of 2021-2027.
The production and consumption locations are mostly separated in the chemical industry due to which logistics are a key aspect of the industry. Chemical logistics contains myriad products that require special care in handling, transporting, and storing to prevent safety hazards such as combustion, contamination, and spoilage. Chemical companies prefer to partner with logistic providers with improved safety and security procedures and record which makes it essential for logistics companies to continuously monitor all safety parameters.
Transportation becomes an important task with the increasing demand for chemical products for industrial and commercial purposes. Production, as well as consumption, is well spread across the globe making chemical logistics an attractive industry. Furthermore, increasing awareness regarding product security and safety in the chemical industry, and rapid industrialization across the globe also drive market growth. Responsible care is a priority in chemical logistics. Every chemical logistics provider has to be certified under Responsible Care. Responsible care is an ethic as well as the commitment to building trust and confidence in an industry that is essential to improve the living standard and quality of life. However, complexities in chemical logistics and safety concerns hamper the market growth. Moreover, the growing demand for automation and modernized green warehouses in the chemical industry for sustainable business operations is anticipated to provide opportunities to the market players. The chemical industry has been hit hard by the oil price fall and the outbreak of COVID-19. Leading chemical manufacturers are reducing capital and operational expenditure in the face of the crisis. Manufacturing operations for these companies have been scaled down to 40%-60% capacity due to labor shortages and disruptions in the supply of raw material. The chemical industry is expected to respond positively and keep operations running despite the downfall in demand and a steep decline in prices.
Geographically, Asia Pacific is
the largest market of Chemical logistics market followed by North America, Europe,
and the Rest of the world (RoW). The Asia Pacific and RoW are two of the fasted
growing Chemical logistics markets of the world. One of the chief factors that
will drive the chemical logistics market growth in APAC is the Increased use of
multimodal transportation in chemical logistics.
The report on the global chemical
logistics market covers segments such as mode of transportation, service, and
end use industry. On the basis of mode of transportation, the sub-markets
include roadways, railways, airways, waterways, and pipelines. On the basis of
service, the sub-markets include transportation & distribution, storage
& warehousing, customs & security, and others. On the basis of end use
industry, the sub-markets include chemical industry, pharmaceutical industry,
cosmetic industry, oil & gas industry, and others.
The report provides profiles of
the companies in the market such as Agility, BASF, BDP International, A&R
Logistics, BDtrans, C.H. Robinson Worldwide Inc, Deutsche Bahn (DB) Schenker,
Rhenus Logistics, Deutsche Post AG (DHL), and Ryder System Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of chemical logistic market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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