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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Ankur Gupta, Head Marketing & Communications
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