Chemical
logistics is defined as the warehousing, transportation
and distribution of chemicals from manufacturing facilities to the point of
sale. It pertains to the supply chain operation of chemical products from the
obtaining of raw material to the end distribution channels till the clients. It
is generally responsive, adaptable and supple. It provides innovative services
to respond to market changes quickly and efficiently.
According to study, “Global
Chemical Logistics Market Size study, by Service (Transportation, warehousing
and others) and Regional Forecasts 2018-2025” the key companies
operating in the global chemical logistics market are Deutsche Post DHL Group,
Montreal Chemical Logistics, Agility, DB Schenker, BDP International, Schneider
National, CT Logistics, BASF, Univar, C.H. Robinson.
Based on type of logistic provider, chemical
logistics market is segmented into 1st party logistics, 2nd party logistics,
3rd party logistics, 4th party logistics and 5th party logistics. Based on
services, market is segmented into storage & warehousing, transportation
& distribution, freight logistics, customs & security, contract
logistics, green logistics, technology, consulting & management services
and others. Storage & warehousing segment is further sub-segmented into
packing & labelling, quality assurance, inventory management, parts
logistics, assembly services and others. Transportation & distribution is
further sub-segmented into inbound to manufacturing, multi-mode transport, carrier
sourcing, claims management, planning & execution, outbound
(direct-to-customer and to distribution channels), product return or recall and
others. Freight logistics segment is further sub-segmented into freight
brokerage, freight forwarding, cargo insurance, weighing & filing and
others. Customs & security segment is further sub-segmented into risk
assessment, customs brokerage, international trade document management and
others. Contract logistics segment is further sub-segmented into control of
procurement or manufacturing & inventory, maintenance & repair, supply
chain operations and transportation & management aftermarket material. Green
logistics is further sub-segmented into optimizing environmental footprint,
carbon emission reporting, carbon offsetting and others. Technology segment
includes Transportation Management Systems (TMS) and others.
Additionally, consulting & management
services segmented are further sub-segmented into supply chain optimization,
sustainable logistics, warehouse & distribution design and supply chain
management. Based on method of transport, market is segmented into road, ship,
rail, air, and intermodal. In addition, based on end-use industry, market is
segmented into chemical industry, cosmetic industry, pharmaceutical industry,
oil & gas industry, coating industry, specialty chemicals industry, and
others.
The chemical
logistics market is driven by rise in demand for modernized green
warehouses in chemical industry, followed by growth in demand for energy
conservation and increase in shifting of chemical manufacturers from its
traditional centers. However, growth in market competition and high cost of
operations may impact the market. Moreover, growth in chemical infrastructure
is a key opportunity for market.
Based on geography, the Asian-Pacific
dominates the chemical logistics market owing to rise in urbanization, growth
in chemical industry and increase in disposable income & rapid
industrialization in the region. The European and North-American regions are
expected to witness higher growth rate due to growth in focus to develop
industrial infrastructure over the forecast period. In upcoming years, it is
anticipated that future of the market will be bright as a result of rise in
number of trade deals between governments of many countries across the globe
and step taken to decrease trade barriers during the forecast period. It is
expected that the market will be reached at US$ 3.6 trillion by 2025.
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information on the research report, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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