Global Chemical Logistics Services Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Cross-functional supply chain management systems presents new opportunities for the chemical logistics industry

The Global Chemical Logistics Services Market is estimated to be USD 275.73 Bn in 2023 and is expected to reach USD 345.59 Bn by 2028 growing at a CAGR of 4.62%.

Chemical logistics services assist in the monitoring, planning, and implementing of different supply chain-related tasks in the chemical sector. It also provides resource procurement, material flow management, transportation, distribution services, warehouse and storage management, and other value-added services. Chemical logistics monitor consumer centers and mark and label various chemicals and raw materials based on their toxicological and physicochemical properties. Because of these advantages, dependable logistics systems are an essential component of the chemical industry because they are very responsive, adaptive, and required for constantly analyzing market developments.

In recent years, there has been a significant growth in demand to produce various chemicals. The increased need for shale gas as a feedstock in the energy industry has increased the demand for shale gas transportation. Chemical transportation should be cautiously undertaken because any unanticipated mishap could cause serious environmental consequences. As a result, increased chemical demand and the need for safe transportation are projected to drive the growth of the chemical logistics industry.

Chemical logistical firms carry commodities by rail, road, air, and seaways. Thus, there are various problems associated with commodities transportation, such as an oversaturated rail network, unclear transit time, insufficient flexibility in transporting chemicals with varying specifications, road quality, and pilferage, all of which impede the expansion of the chemical logistics business. For example, goods shipment by train can take up to 8 days to travel around 2000 kilometers. As a result of the unpredictability in transit time, many logistical organizations end up carrying excess stock with inadequate safety to avoid losing sales due to insufficient stock availability during production, hampered market growth. Furthermore, the market is hindered by insufficient infrastructure.

The anticipated increase in chemical manufacturing will propel the chemical logistics industry forward. Chemical production expansion to feed varied sectors such as food production, pharmaceutical manufacturing, automobile manufacturing, and engineering leads to an increase in demand for safe regions of transportation and distribution services. According to the American Chemistry Council, chemical volumes in the United States will rise 1.4% in 2021 and 3.2% in 2022, while shipments will increase 8.1% in 2021 and 8.2% in 2022. Furthermore, the Indian government expects the country's chemical sector (including fertilizers and pharmaceuticals) to grow by 18-23% in FY2022.

Market Segmentations

• The Global Chemical Logistics Services Market is segmented based on Type, Service, End-User, and Geography.
• By Type, the market is classified into Rail, Road, Pipeline, Sea, and Others.
• The highest market share is held by sea transport, which is predicted to rise significantly during the forecast period. Furthermore, the mergers and acquisitions of various chemical logistics firms promote the hybrid mode of logistics transport consisting of sea, rail, road, and others, and this aspect boosts the market growth.
• By Service, the market is classified into Transportation, Warehousing, Distribution and Inventory Management, Consulting & Management Services, Customs & Security, Green Logistics, and Others.
• The transportation industry is predicted to lead the chemical logistics market regarding revenue share. Chemical transportation must be handled carefully because errors can result in environmental risks; hence, high safety standards are maintained. Furthermore, as technology advances, green warehouses are being developed such that the chemicals kept have no substantial environmental impact.
• By End-User, the market is classified into Pharmaceutical, Cosmetic, Oil &Gas, Specialty Chemicals, and Other End Users.
• Due to the global increase in demand for oil and gas, the oil and gas industry is expected to lead the market. Oil-producing countries have transported quantities of crude oil to developing countries such as India, China, and others in recent years.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• The Asia Pacific region is expected to lead the industry. The existence of emerging economies in this region, such as India and China, is a significant driver of market expansion. Southeast Asia as a whole is the Asia Pacific's rising economy hotspot. In addition, India ranks 14th in chemical exports and eighth in imports, making it a global leader in both. While chemicals will continue to be a worldwide business, China will be its largest single market. The developing world is constantly focusing on the industrial sector and building strong warehouse infrastructure, which is projected to accelerate the growth of the chemical logistics business.

Recent Development

• Quantix announced the purchase of Mid-States Packaging. Mid-States is a full-service dry bulk transportation, warehousing, and export services provider with 11 facilities in Texas, the Northeast, and the Mid-Atlantic. Mid-States expands Quantix's regional footprint and expands its warehouse and trucking transportation activities. - December 2022
• C.H. Robinson and Waymo partnership to advance the development of autonomous trucking for supply chains. - April 2022

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are C.H. Robinson Worldwide, CEVA Logistics, DB Schenker, DHL Group, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Chemical Logistics Services Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Chemical Logistics Services Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Chemical Logistics Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market