Technavio market research analysts forecast the global chemical logistics marketto post CAGR of close to 14% during the forecast period. The increased demand for the customized green warehouse will drive the demand for the global chemical logistics market during the forecast period. Logistics companies such as Deutsche Post World Net have rolled out green initiatives in transportation, warehousing, and distribution operations in a bid to reduce their carbon footprint by 30% by 2020.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180509006138/en/
Technavio has published a new market research report on the global chemical logistics market from 2018-2022. (Graphic: Business Wire)
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the growth of the chemical industry as a key factor contributing to the growth of the global chemical logistics market:
Growth of the chemical industry
The demand for chemical logistics is driven by the growth of the global chemical industry. In 2016, the global chemical industry generated sales exceeding USD 3.7 trillion. The growth rate of the chemical industry is also driven by the fall in crude oil prices as most chemicals are obtained from the refining of crude oil.
According to a senior analyst at Technavio for logistics research, “The shift of the chemical logistics industry to emerging Asian countries is likely to propel market growth as many new LSPs will enter the Asian market, which will strengthen the global chemical logistics market. In fact, the global sale of chemicals in Asia accounted for close to 62% in 2016 due to the presence of many emerging economies such as China, India, Singapore, Malaysia, and Vietnam. The chemical sales in the region are expected to grow further to reach close to 65% by 2030.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global chemical logistics market - segmentation analysis
This market research report segments the global chemical logistics market based on based on the type of services (transportation, warehousing, and others) and key regions (the Americas, APAC, and EMEA).
Based on geography, APAC dominated the market with a share of more than 53%, followed by the Americas and EMEA. South Korea and Japan are mature markets in the chemical logistics industry; however, the growth of emerging countries such as India and China, where many chemical vendors are initiating partnerships with logistics companies to take advantage of the rising demand, will fuel the growth of the market in APAC.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all
non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.
Copyright Business Wire 2018