Technavio, a tech-focused market research firm, has published a new report on the global chemical logistics market, which is expected to experience a steady growth rate with a CAGR of close to 12% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global chemical logistics market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global chemical logistics market into the following key regions: APAC, Europe, North America, and ROW.
Geographical segmentation of the global chemical logistics market for 2015 (market share %)
APAC |
52.07% |
North America |
21.57% |
Europe |
19.99% |
ROW |
6.38% |
Source: Technavio
APAC: Largest revenue generating region for chemical logistics
The chemical logistics market in APAC was valued at almost $9 billion in 2015 and will grow at a CAGR of over 13% by 2020. Japan, South Korea, Russia, India, and China are the main revenue generators in the APAC market. The countries like Japan and South Korea are equipped with an established infrastructure and proper safety measures for handling products which are leading to the market growth of this region. In India, China, and Russia the vendors are developing technology and investing in infrastructure to tap new opportunities and generating revenues for the chemical logistics market. Such developments and opportunities are marking APAC the fastest growing region in the chemical logistics market.
“There is a high demand for chemical organic and inorganic substances in the APAC region due to the availability of low labor and manufacturing costs. The market is witnessing an influx pest management services which in turn raises the requirement for manufacturing chemical substances. Various companies planning to invest in new projects in the area. China is the largest contributor to the revenue of the chemical logistics market accounting for over 30% of revenues in the APAC region,” says Sharan Raj, lead analyst at Technavio, specializing in research on logistics.
Click here to request a free sample of this report
Chemical logistics market in North America
The chemical logistic market in North America was valued at over $3 billion in 2015 and will grow at a CAGR of almost 11% by 2020. The advancement in technology to meet the increasing demand for chemical products is driving the growth in the North American market. The vendors are forming mergers and acquisitions with local sellers to offer better products with improved infrastructural capacity. The US is the major revenue contributor and represents the largest market for logistics services in North America. The companies will form strategical alliances to increase their operational capabilities with higher financial resources and to raise their market shares during the forecast period.
Chemical logistics market in Europe
The chemical logistic market in Europe was valued at around $3 billion in 2015 and will grow at a CAGR of about 9% by 2020. The majority of the chemical products manufacturers are shifting base to the Netherlands, the UK, Germany, and France. These areas have a higher demand for chemical products, lower manufacturing costs, and lesser regulations. Countries like the UK, Spain, Belgium, France, the Netherlands, Italy, and Denmark have the highest chemicals sales and is expected to drive the growth of the European Market during the forecast period.
Chemical logistics market in ROW
The chemical logistic market in ROW was valued at almost $1 billion in 2015 and will grow at a CAGR of over 12% by 2020. The countries like Central and South America, the Middle East, and Africa are rich in oil and gas reserves which in turn, increases the demand for chemicals in the region. MEA is expected to grow at a fast rate forecast period. The oil and gas industry involves massive amounts of specialty and commodity chemicals for applications such as corrosion chemicals, water treatment chemicals, and scale inhibitor chemicals. Latin American countries like Argentina and Brazil are developing their transportation and logistics infrastructure which will boost the demand for chemical logistics services in these countries. Moreover, globalization and an increase in international trade will raise the requirement for professional logistics services in this region.
The top leading vendors operating in the global chemical logistics market are:
- Agility
- BDP International
- C.H. Robinson
- DB Schenker
- DHL
Other prominent vendors in the market include Ahlers, A.N. Deringer, Alfred Talke Logistic Services, APL Logistics, BALTRANSA, BERTSCHI, Bowker Group, Chemlogix, CT Logistics, Damco, DACHSER, Interbulk Group, Jacobson Companies, Lesaint Logistics, Logi Trans, Menlo Worldwide Logistics, Montreal Chemical Logistics, Palmer Logistics, and TRANSPLACE.
A more detailed analysis is available in the Technavio report titled, ‘Global Chemical Logistics Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Third-party Chemical Distribution Market 2016-2020
- Global 3PL Market 2016-2020
- Global BioPharma Cold Chain Packaging Market 2015-2019
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/