- The key vendors in the global chemical logistics market 2015-2019 are BASF, Dow, DB Schenker and Schneider National Inc.
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global chemical logistics market 2015-2019. Increased focus on emission reduction is a new trend because of an increase in shale gas production, which has boosted the production levels of the manufacturing, pharmaceutical, and consumer industries and has led to increased utilization of road transportation, which leads to increased fuel consumption. The global chemical logistics market is expected to grow at a CAGR of 5.48% during the period 2014-2019.
The rising demand for logistics for chemical products is a big opportunity for 3PL vendors to increase their revenue and presence in the emerging markets. The introduction of shale gas as an alternative source of energy and the increase in usage of barge transportation for shipment of products is expected to boost the growth of the global chemical logistics market in the coming years.
“The logistics companies make sure they are in compliance with the federal chemical regulations and with the rules and policies of each state and region in which they operate,” says Faisal Ghaus, Vice President of Technavio Research.
“Many small and large chemical manufacturers prefer to outsource the distribution of chemicals to reduce risk. Chemical logistics companies make sure their employees are well trained and knowledgeable about chemicals that are temperature-sensitive and require special storage facilities.”
To define the market conditions 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%3EIf%20you%20are%20interested%20in%20more%…
