Market Research Report
Europe Chemical Logistics Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||965235|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Europe Chemical Logistics Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: August 1, 2020||Content info: 120 Pages||
The Europe Chemical Logistics Market is expected to grow at a CAGR of around 7.5% during the forecasted period. Logistics is an essential segment of the supply chain management. A safe and reliable Logistics system is an important aspect of chemical industry. The manufacturing and consumption geography of the chemical industry are mostly separated apart. Therefore, the chemical logistic has its part in the efficient, competitive and sustainable market development of the chemical industries. In 2018, the Global Chemical Industry reached EUR 3,347 billion with China as the largest producer worldwide having sales worth EUR 1,198 billion, followed by Europe as the Second largest chemical producer with sales of EUR 565 billion.
The Second Largest Chemical Producer Worldwide since 2009
In 2009, China became the world's largest chemicals producer for the first time, representing 23.6% of global chemical sales, followed by the Europe, accounting for 23.4% of global sales. China has continued to gain market share since 2009 to the detriment of Europe. World chemicals turnover was valued at EUR 3,347 billion in 2018. Global sales grew by 2.5% from EUR 3,266 billion in 2017 to EUR 3,347 billion in 2018. With EUR 1,198 billion in 2018, China is still the largest chemicals producer in the world, contributing 35.8% of global chemical sales in 2018. With 16.9%, EUR 565 billion, the Europe chemical industry ranks second in total sales, with the United States contributing 14%. Worldwide competition has changed significantly over the last ten years, as emerging countries in Asia now hold the top ranking in sales. In 2018, the top 10 chemical-producing countries had a combined turnover of €2,901 billion, accounting for 86.7% of global chemical sales. Two of the top 10 are European producers (EU28 + Russia), generating sales revenue of EUR 640.5 billion (19.1%). European chemical sales grew by 2.8% from 2017 to 2018. Sales revenues increased in most countries in Europe in 2018. Germany and France are the two largest chemicals producers in Europe, followed by Italy and the Netherlands. These four countries accounted for 63.3% of European Union chemical sales in 2018, valued at EUR 357.7 billion. Increasing production and sales of Chemicals is the major driver for the Chemical Logistics market in Europe.
Base Chemicals Production Accounts for 60% of European Union Chemical Sales
Output from the European Union chemical industry covers three broad product areas - base chemicals, specialty chemicals and consumer chemicals. Base chemicals, also known as commodity chemicals, cover petrochemicals and their derivatives (polymers) along with basic inorganics. They are produced in large volumes and sold in the chemical industry itself or to other industries.
Base chemicals represented 60.4% of total European Union chemical sales in 2018. The inorganic basic chemicals sub-sector includes production of chemical elements, inorganic acids such as sulphuric acid, bases such as caustic soda, alkalis and other inorganic compounds such as chlorine.
The petrochemicals sub-sector covers manufacturing of chemicals using basic processes, such as thermal cracking and distillation. Polymers in primary forms is, in most cases, integrated into petrochemicals sites. Plastics in primary forms embrace the manufacture of resins, plastic materials and elastomers. Specialty chemicals cover areas such as paints and inks, crop protection, dyes and pigments, and auxiliaries for industry (other chemicals such as glues, essential oils and gelatine).
Specialty chemicals are produced in small volumes, but they still represented 27.2% of total European Union chemical sales in 2018. Consumer chemicals are sold to final consumers, such as soaps and detergents as well as perfumes and cosmetics. They represented 12.4% of total European Union chemical sales in 2018. Petrochemicals and specialty chemicals accounted for the majority - 52.6% - of European Union chemical sales that year. In 2018, almost 58% of these chemicals produced were sold in Europe itself (outside European Union) and 29% were exports to countries outside Europe.
The Europe Chemical Logistics market is quite fragmented and localized with the presence of many regional players. With presence of both International and Regional players in the market, the competition in the global chemical industry is intensifying, and vendors are seeking an edge by continuously adapting to the changing marketplace. Some of the existing major players in the market include - Agility Public Warehousing Co., C.H. Robinson Worldwide, Inc., CEVA Logistics AG, DHL, DSV Panalpina AS, FedEx Corp., DB Schenker BTT, BDP International Inc., Schneider National Inc., Univar Inc., DAMCO and APL Logistics.