Home > Automotive > Automotive Logistics > Freight Logistics > Chemical Logistics Market

Chemical Logistics Market Trends

  • Report ID: GMI10257
  • Published Date: Jul 2024
  • Report Format: PDF

Chemical Logistics Market Trends

There is a growing trend toward technologies, such as real-time tracking systems, telematics, and big data analytics, being integrated into chemical logistics operations. This enables real-time shipment monitoring, predictive maintenance for vehicles, and data-driven route optimization, leading to improved efficiency, safety, and cost control. Automation is playing an increasingly significant role, particularly in warehousing and storage facilities. In addition, Automated Storage and Retrieval Systems (AS/RS) and Robotic Process Automation (RPA) are being used to improve storage efficiency, minimize human errors in handling hazardous materials, and streamline operations.
 

Further, transparency throughout the supply chain has become crucial in the logistics industry. Many customers are demanding real-time tracking information and data on the environmental impact of chemical transportation. Further, chemical companies are developing direct sales channels to reach end users and streamline distribution. The development of digital platforms and ecosystems is transforming the market, creating interconnected networks for better collaboration and efficiency. The adoption of greener transportation methods, such as electric and hybrid vehicles, to reduce carbon emissions and environmental impact is one of the major market trends.  
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of chemical logistics reached USD 255.8 billion in 2023 and is set to witness over 3% CAGR from 2024 to 2032, led by the rising demand for specialized logistics and stringent regulatory requirements.

The road transportation segment in the chemical logistics industry held over 40% share in 2023, as it offers unparalleled flexibility and reach, allowing the delivery of chemicals to locations that may not be accessible by rail, air, or sea.

The transportation service segment in the chemical logistics market accounted for over 44% share in 2023, and may depict significant growth between 2024 and 2032, due to the increasing need for efficient transportation solutions to move these chemicals to their destinations.

Asia Pacific market accounted for 35% share in 2023, owing to the rapid industrialization, urbanization, and economic growth in the region.

Chemical Logistics Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 22
  • Pages: 240
 Download Free Sample