Chemical Logistics Market Research Report Information By Services Types (Transportation Management, Warehousing and Distribution, Customs Brokerage and Compliance, Specialized Services, Value Added Services), By Chemical Type (Basic Chemicals, Specialty Chemicals, Agrochemicals, Pharmaceutical Chemicals, Petrochemicals, Other Types), by End-Use (Agriculture, Pharmaceuticals, Manufacturing, Oil and Gas, Food and Beverage, Consumer Goods, Other End-Use) and by Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa (MEA)) Industry Forecast Till 2032
In 2023, the Chemical Logistics Market Size was estimated to be USD 273.50 billion. The Global Chemical Logistics industry is anticipated to experience a compound annual growth rate (CAGR) of 4.04% from USD 282.70 Billion in 2024 to USD 388.13 Billion by 2032 during the forecast period (2024-2032).
The Chemical Logistics Market is being driven by a combination of factors, including an increase in trade and industrial output, a growing demand for chemicals in a variety of industries, and a rise in demand in specific sectors (e.g., pharmaceuticals).
The market for chemical logistics is expected to experience substantial development soon, because of the increasing demand for chemicals in other industries, both in terms of revenue and growth rates. The development of chemical logistics is influenced by the increasing use of chemicals in industries such as pharmaceuticals, agriculture, F&B, construction, and automotive, which all play a role in supporting this demand.
One such source of sustenance toward accomplishing this is the burgeoning pharmaceutical industry, which requires a consistent supply of chemicals and other raw materials to continue. It is acknowledged that the pharmaceutical industry has encountered an exceptionally high demand for active pharmaceutical ingredients (APIs) and excipients, particularly in the aftermath of the COVID-19 pandemic.
Market segment insightsThe Chemical Logistics (3PL) market was segmented into Transportation Management, Warehousing and Distribution, Customs Brokerage and Compliance, Specialized Services, and Value-Added Services based on service types.
The market is segmented into Basic Chemicals, Specialty Chemicals, Agrochemicals, Pharmaceutical Chemicals, Petrochemicals, and Other Types based on chemical type.
The market is segmented into the following end-user categories: Agriculture, Pharmaceuticals, Manufacturing, Oil and Gas, Food and Beverage, Consumer Goods, and Other End-Use.
Regional PerspectivesNorth America is the most significant regional market for chemical logistics, as evidenced by its established infrastructure and substantial industrial base. The market was valued at USD 101.47 billion in 2023 and is expected to increase to USD 104.32 billion in 2024 and USD 137.01 billion by 2032. It is anticipated that the region will experience a compound annual growth rate (CAGR) of 3.47% from 2024 to 2032. The robust demand for chemicals in industries such as manufacturing, oil and gas, pharmaceuticals, and consumer products is the primary driver of this growth. The United States is a significant center for chemical production and consumption, necessitating sophisticated logistics solutions to manage the volume and complexity of chemical shipments.
Another substantial market for chemical logistics is Europe, which is characterized by a well-established chemical industry and rigorous regulatory standards. The market size was USD 66.79 billion in 2023, and it is anticipated to increase to USD 68.64 billion in 2024 and reach USD 89.89 billion by 2032, with a compound annual growth rate (CAGR) of 3.43% from 2024 to 2032. The demand for chemical logistics in Europe is primarily fueled by key industries, including pharmaceuticals, automotive, and manufacturing, which necessitate the reliable and efficient transportation of chemicals. France, Italy, the United Kingdom, and Germany, Europe's greatest chemical producer, are significant market contributors.
Major PlayersMaersk Logistics, Expeditors, CH Robinson, Kerry Logistics, DP World Logistics, Hellmann Worldwide Logistics, Agility Logistics, Kuehne + Nagel, DSV, Geodis, and GXO are among the key companies in the Chemical Logistics Market.