Chemical Logistics Market Analysis, Unstoppable Growth Opportunities and Trends for the Next Decade
The most recent research study on the global “Chemical Logistics Market” [2023-2030] by Report Ocean provides a description of the segments and sub-segments. It offers a thorough examination of the sector, analyses historical data, forecasts the future, and aids in understanding the market situation, growth prospects, and difficulties.
The study also includes competitive information and profiles of well-known market competitors, facilitating marketing plans of action and strategic decision-making.
The global Chemical Logistics Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
The Chemical Logistics industry refers to the transportation of various products. These products require efficient care during storage and handling in order to prevent hazards like contamination, spillage, and combustion. Transportation of dangerous goods like inflammable liquids is an important part of global chemical logistics. The Chemical Logistics market is expanding because of factors such as rising chemical production and the growing need for handling and distribution of dangerous chemicals
According to Statista in 2022, the global chemical industry generated a revenue of around USD 4.73 trillion. Also in 2020, the revenue generation was around USD 3817.6 billion. With this rising growth across the chemical industry, the market is expected to grow in the forecast period. Whereas growing tech-driven logistics services and growing R&D activities by market players create lucrative opportunities for the market. However, complexities in chemical logistics hamper the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Chemical Logistics Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the emerging economies across the region, growing chemical production, and rising demand for handling and transportation of chemicals. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing infrastructure and development of new industrial locations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Service:
Transportation,
Warehousing,
Other Value-added Services
By End-user:
Pharmaceutical Industry,
Cosmetic Industry,
Oil and Gas Industry,
Specialty Chemicals industry,
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Source: https://www.taiwannews.com.tw/en/news/4935554