London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Chemical Logistics Market 2014-2018, which is expected to grow at a CAGR of 5.48 percent during the forecast period of 2013-2018.
Chemical logistics is the movement of chemical products and substances by different modes of transportation such as rail, road, water, barge, air as well as by pipeline and by an intermodal method that combines some or all of the former. It is a systematic approach to managing the way resources are acquired, stored, and moved to other locations. It helps the chemical industry to have access to a continuous supply of chemicals from different prominent manufacturers and distributors in diverse locations.
Key Market Drivers
- Increase in Usage of Intermodal Services
- Increase in Usage of Barge Transportation
- Increased Safety and Security Concerns
Key Market Trends
- Growth of Chinese Economy
- Adoption of Shale Gas as Alternative Energy Source in US
- Focus on Emissions Reduction
Key Market Vendors
- BNSF Railway Co.
- CSX Corp. Inc.
- Deutsche Bahn AG
- Schneider National Inc.
“The use of trucks is increasing because of the growing demand for chemicals and the large production of shale gas in the US, which has led many trucking vendors worldwide to opt for alternative fuels such as liquefied natural gas, which is more expensive than diesel but has low emissions,” Faisal Ghaus, Vice President of TechNavio.
“To cater to the changing fuel strategy of logistics companies, there is a need for proper infrastructure to support emissions reduction.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
