Published Date : Jul 31, 2017
ALBANY, New York, July 31, 2017: A new study, recently added to the vast research report base of MarketResearchReports.biz, offers a comprehensive and unbiased evaluation of the global market for chemical logistics, focusing on the prominent trends, growth drivers, challenges, and opportunities encountered by this market. In order to determine the market’s future prospects, its current and the historical performance have been examined thoroughly in the research report, titled “Global Chemical Logistics Market 2016–2020.”
The report states that the global market for chemical logistics is highly driven by the rising concerns over product safety and security among consumers. According to it, the market is likely to expand at a CAGR of 11.97% between the period of 2016 and 2020 and reach a significant height in the years to come.
In this report, the worldwide market for chemical logistics has been assessed on the basis of the service and the geographical reach of this market. Based on the service, the market has been classified into warehousing and distribution and transportation. Among the two, the transportation segment is anticipated to dominate the overall market in the years to come, thanks to the increasing need for transportation of products in the chemical industry. The warehousing and distribution segment is also projected to report a healthy rise over the next few years, reports the study.
In terms of the geography, the global market for chemical logistics has been bifurcated into Europe, the Middle East and Africa (MEA), Asia Pacific (APAC), and North America. With a share of 52% APAC emerged as the leading regional market for chemical logistics in 2015. Thanks to the continued infrastructural development, this regional market is expected to remain dominant throughout the period of the forecast, states the market report.
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The report also provides a thorough reports of the competitive landscape of the global chemical logistics market. As per the report, the market is highly fragmented, owing to the presence of many established players. Although there are a large pool of multinational players operating in this market, it is mainly dominated by local SMEs. Since a large number of companies are involving into strategic alliances and mergers and acquisitions, the market is leading towards consolidation.
The key vendors in the market, namely, Agility, C.H. Robinson, BDP, DHL, and DB Schenker are expected to compete on the basis of price, reliability, delivery speed, and the capacity of the supply chain in a bid to gain an edge over their competitors. Ahlers, Alfred Talke Logistic Services, A.N. Deringer, APL Logistics, BERTSCHI, BALTRANSA, Bowker Group, CT Logistics, Chemlogix, Damco, Interbulk Group, DACHSER, Jacobson Companies, Logi Trans, Lesaint Logistics, Menlo Worldwide Logistics, Palmer Logistics, Montreal Chemical Logistics, and TRANSPLACE are some of the other prominent companies in this market, states the research report.
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