IMARC Group’s latest research report, titled “Chemical Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market. The chemical logistics industry outlook report also includes competitor and regional analysis, and contemporary advancements in the market. The global chemical logistics market size reached US$ 228.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 273.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.
Chemical Logistics Market Overview:
Chemical logistics refers to the specialized management and transportation of chemicals, including hazardous substances, throughout the supply chain. It encompasses the planning, coordination, and execution of activities related to the storage, handling, packaging, and transportation of chemical products. It plays a crucial role in ensuring the safe and efficient movement of chemicals from manufacturers to end-users, such as industries, laboratories, or consumers. It helps manage resource procurement, material flow, distribution services, warehouse, and other value-added services. It also aids in monitoring procurement and planning and implementing various supply chain-related activities in the chemical industry. Additionally, it can track consumer centers and perform marking and labeling functions for various chemicals and raw materials based on their toxicological and physicochemical nature.
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Global Chemical Logistics Market Demand:
Significant growth in the chemical industry is driving the global market. Moreover, the rising concerns about energy conservation and environmental protection have led to heavy investments in cost-effective warehousing solutions, thus catalyzing the growth of the market. Besides, the increasing demand for chemicals across various industries such as manufacturing, healthcare, agriculture, and automotive is fueling the need for efficient and reliable chemical logistics services. Furthermore, ongoing technological advancements such as the Internet of Things (IoT), automation, and real-time tracking systems are improving efficiency, visibility, and safety in chemical logistics operations, thus providing a boost to the market. Other factors, including increasing awareness regarding product security and safety in the chemical industry, extensive research, and development (R&D) activities, and rapid industrialization are also influencing the market.
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Key Market Segmentation:
Top Chemical Logistics Companies Worldwide:
Breakup by Type:
Breakup by Service:
Breakup by Region:
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