Chemical Logistics Market to Garner $322.54 Bn, Globally, by 2027 at 3.9% CAGR: Allied Market Research

PORTLAND, Ore., Dec. 1, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Chemical Logistics Market by Mode of Transportation (Roadways, Railways, Airways, Waterways, and Pipelines), Services (Transportation & Distribution, Storage & Warehousing, Customs & Security, Green Logistics, Consulting & Management Services, and Others), and End-Use Industry (Chemical Industry, Pharmaceutical Industry, Cosmetics Industry, Oil & Gas Industry, Specialty Chemicals Industry, Food, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the global chemical logistics industry was pegged at $253.71 billion in 2019, and is projected to reach $322.54 billion by 2027, growing at a CAGR of 3.9% from 2020 to 2027.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/2102

Drivers, restraints, and opportunities

Surge in demand for chemical logistics owing to increased chemical production and rise in need for handling & distribution of dangerous chemicals drive the growth of the global chemical logistics market. However, complexities in chemical logistics, safety concerns, and poor infrastructure hamper the market growth. On the contrary, increase in tech-driven logistic services along with the rise in adoption of Internet of Things-enabled connected devices is expected to create lucrative opportunities for the market players in the future.

COVID-19 scenario:

• The outbreak of COVID-19 has disrupted the supply chain with unprecedented challenges and several issues including OEM shutdowns, output reduction, insufficient labor, and raw material challenges.
• The COVID-19 pandemic led to the closure or suspension of production activities in several industries across the world.

Get Detailed COVID-19 Impact Analysis on the Chemical Logistics Market Request Now!

The roadways segment dominated the market

By mode of transportation, the roadways segment held the largest share in 2019, accounting for more than one-third of the global chemical logistics market. The top companies operating in the logistics market are forming a joint venture to expand the roadways logistics capabilities to provide chemical logistics services across various countries, which in turn, makes roadways the largest segment in the mode of transportation. However, the airways segment is projected to register the highest CAGR of 7.0% during the forecast period, due to the incorporation of new express freights for the fast transportation of pharmaceutical and healthcare products.

The food segment to manifest the highest CAGR through 2027

By end use industry, the food segment is projected to register the highest CAGR of 7.2% during the forecast period, owing to clear and sustainable packaging, on-the-go convenience, and the rapidly growing food industry. However, the chemical industry held the largest share in 2019, contributing to nearly one-third of the global chemical logistics market, due to the increase in demand for raw chemicals and the focus of companies on domestic production of chemicals.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2102

Asia-Pacific, followed by North America, held the lion's share

By region, the market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for nearly two-fifths of the market. This is due to growing infrastructure and development of new industrial location coupled with increase in urbanization in the developing countries in the region. However, the global chemical logistics market across LAMEA is anticipated to manifest the highest CAGR of 5.9% during the forecast period. This is owing to rise in demand for chemical materials among end-users such as automotive, construction, paints & coatings, textiles, and pharmaceutical and government initiatives towards the logistics infrastructure development in the region.

Major market players

• A&R Logistics
• BASF
• Agility
• BDtrans
• BDP International
• Deutsche Bahn (DB) Schenker
• C.H. Robinson Worldwide Inc.
• Rhenus Logistics
• Deutsche Post AG (DHL)
• Ryder System Inc.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2102

Similar Reports We Have on Logistics Industry:

Energy Logistics Market by Application (Oil & Gas, Renewable Energy, Power Generation and Energy Mining) and End-User (Government Sector and Private Sector): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Latin America Logistics Market by Type (Logistics Segment, Cold Chain Logistics, Reverse Logistics, and Cash Logistics), End Use (Telecommunication, Trade & Transportation, Government & Public Utilities, Healthcare, Manufacturing, Retail, Media & Entertainment, Banking & Financial Services, Information Technology, Food & Dairy, Consumer Electronics, Cash Management, and Others) and Mode Of Transport (Railways, Airways, Roadways, and Waterways): Opportunity Analysis and Industry Forecast, 2020–2027.

Freight Brokerage Market by Transportation (Roadway, Seaway, Airway and Railway), Industry (Food & Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing and Other (Aerospace &Defense)) and Services (LTL, FTL and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Government & Education Logistics Market by Transport (Railways, Airways, Roadways and Waterways): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Logistics Market by Mode of Transport (Railways, Roadways, Airways, and Waterways), End-user (Healthcare, Manufacturing, Trade & Transportation, Telecommunication, Government & Public Utilities, Banking & Financial services, Retail, Media and Entertainment, Information technology) - Opportunity Analysis and Industry Forecast, 2014 – 2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com 
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

SOURCE Allied Market Research