PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126512
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126512
Chemical Warehousing Market Forecasts to 2028 - Global Analysis By Type, Chemical Type and By Geography
According to Stratistics MRC, the Global Chemical Warehousing Market is accounted for $16.18 billion in 2022 and is expected to reach $22.70 billion by 2028 growing at a CAGR of 5.8% during the forecast period. Chemical warehousing involves both hazardous and non-hazardous materials storage. It is heavily regulated, requiring a substantial investment in the construction of facilities as well as strict adherence to the associated procedures, practices, and paperwork in order to guarantee safety and compliance. Many businesses have outsourced the storage of their goods to professionals, such third-party logistics (3PL) providers who are experts in chemical and hazardous operations. Services for warehousing, distribution, transportation, and inventory management are provided by companies that provide chemical warehousing and storage.
According to according to the American Chemistry Council, Chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022. Furthermore, according to the government of India, India's chemical sector (including fertilizers and pharmaceuticals) reached USD 178 billion in 2019 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is driving the growth of the chemical logistics market.
Market Dynamics:
Driver:
Rise in production and international trade
The market for chemical warehousing is primarily driven by an increase in chemical manufacturing and worldwide trade, particularly for hazardous chemicals. Particularly in the FMCG sector, there would be a huge demand for chemical warehouse facilities.
Restraint:
High costs of basic raw materials
The price of raw materials has an impact on both the amount of a product that a business can manufacture at any one time and the price of their finished product. Depending on quality, raw material prices can also change. Another aspect to take into account when choosing what and how much to purchase is the price of the raw materials. Higher-quality raw materials cost more than lower-quality raw materials. High costs of basic raw materials like natural gas and crude oil has a negative impact on the growth the market.
Opportunity:
Increasing trend of third-party logistics (3PL)
The market for chemical storage will see increased revenue opportunities due to the rising trend of third-party logistics (3PL) providers for a variety of warehousing, distribution, transportation, and inventory management services.
Threat:
Strict safety requirements
All harmful compounds, including those that are combustible, explosive, corrosive, poisonous, carcinogenic, and others, must be stored safely. Chemicals that are improperly stored have the potential to be extremely harmful and could result in a major accident.
COVID-19 Impact
The regional chemical warehousing and storage business was in upheaval in 2020 due to the spread of the COVID-19 pandemic. Due to COVID-19-related constraints, the logistics sector in nations like India, China, and Japan had a skilled labour scarcity, which in turn created challenging supply chain issues. However, after COVID-19, the market in question is anticipated to experience moderate development as consumer demand for chemical warehousing and storage from industries like automotive and electronics businesses is anticipated to gradually recover.
The specialty chemicals warehouses segment is expected to be the largest during the forecast period
Based on the type, the market is classified into General Warehouse and Specialty Chemicals Warehouse. The specialty chemicals warehouse segment is projected to control the global chemical warehousing market and most liable explanation for the majority of the share during the forecast period. Specialty chemical storage management has been subject to rules from OSHA and other regulatory bodies. Chemical warehouses can be used to store specialty chemicals such specialty polymers, radioactive materials, and nanomaterials. To reduce risks and hazards to the health and safety of workers and employees, chemical storage must be segregated.
The agrochemicals segment is expected to have the highest CAGR during the forecast period
Based on the chemical type, the market is segmented Petrochemical, Consumer Chemicals, Synthetic Rubber, Agrochemicals, Polymer and Plastic, Construction Chemicals, Textile Chemicals and Others. The agrochemicals segment is captured to be more profitable and predicted to record a strong CAGR during the forecast period. Rise in demand for agrochemicals has spurred revenue streams for logistics companies. Agrochemicals like fertilisers, insecticides, and herbicides are in great demand due to the agriculture industry's global scale.
Region with highest share:
Asia Pacific is anticipated to hold the highest share during the forecast period. Owing to the presence of a significantly high number of chemical production companies in the region. Urbanization and industrialisation are occurring quickly in Asia Pacific, boosting the expansion of numerous industries there. Due to the increased demand for chemical feedstock from these sectors, more warehouses are required to store the chemicals. Additionally, government programmes to upgrade warehouse infrastructure are fostering market expansion in the area.
Region with highest CAGR:
The North America chemical warehousing market is one of the fastest-growing regions and also records highest CAGR during the forecast period. This is due to the availability of low-cost raw resources (such natural gas) for the production of chemicals encourages large-scale chemical production in the area, which increases chemical storage and exports. In the U.S., investments are expected to increase in agrochemicals, textile chemicals, polymer, and plastic industries.
Key players in the market
Some of the key players profiled in the Chemical Warehousing Market include Deutsche Post DHL Group, Broekman Logistics, ALFRED TALKE GmbH & Co. KG, Broekman Logistics, Affiliated Warehouse Companies, Anchor 3PL, KEMITO, Commonwealth Inc., Odyssey Logistics & Technology Corporation, Univar Solutions, BRENNTAG, Warehouse Specialists Inc., Rinchem Company, Inc.
Key Developments:
In 2019, Vinmar entered into a contract with TALKE Group for Houston chemical logistics. The purpose of the contract was to handle plastic resins on the 500,000-square foot site that was designed for an initial term of 10 years.
In 2018, Odyssey Logistics & Technology Corporation acquired AFF Global Logistics, a recognized leader in logistics services to Hawaii, Alaska, PR, freight forwarding, and comprehensive warehousing and distribution services across North America productivity.
Type Covered:
- General Warehouse
- Specialty Chemicals Warehouse
Chemical Type Covered:
- Petrochemical
- Consumer Chemicals
- Synthetic Rubber
- Agrochemicals
- Polymer and Plastic
- Construction Chemicals
- Textile Chemicals
- Other Chemical Types
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Chemical Warehousing Market, By Type
- 5.1 Introduction
- 5.2 General Warehouse
- 5.3 Specialty Chemicals Warehouse
6 Global Chemical Warehousing Market, By Chemical Type
- 6.1 Introduction
- 6.2 Petrochemical
- 6.3 Consumer Chemicals
- 6.4 Synthetic Rubber
- 6.5 Agrochemicals
- 6.6 Polymer and Plastic
- 6.7 Construction Chemicals
- 6.8 Textile Chemicals
- 6.9 Chemical Types
7 Global Chemical Warehousing Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Deutsche Post DHL Group
- 9.2 Broekman Logistics
- 9.3 ALFRED TALKE GmbH & Co. KG
- 9.4 Broekman Logistics
- 9.5 Affiliated Warehouse Companies
- 9.6 Anchor 3PL
- 9.7 KEMITO
- 9.8 Commonwealth Inc.
- 9.9 Odyssey Logistics & Technology Corporation
- 9.10 Univar Solutions
- 9.11 BRENNTAG
- 9.12 Warehouse Specialists Inc.
- 9.13 Rinchem Company, Inc.
List of Tables
- Table 1 Global Chemical Warehousing Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 4 Global Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 5 Global Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 6 Global Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 7 Global Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 8 Global Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 9 Global Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 10 Global Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 11 Global Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 12 Global Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 13 Global Chemical Warehousing Market Outlook, By Others (2020-2028) ($MN)
- Table 14 Global Chemical Warehousing Market Outlook, By Country (2020-2028) ($MN)
- Table 15 North America Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 16 North America Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 17 North America Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 18 North America Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 19 North America Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 20 North America Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 21 North America Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 22 North America Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 23 North America Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 24 North America Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 25 North America Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 26 North America Chemical Warehousing Market Outlook, By Chemical Types (2020-2028) ($MN)
- Table 27 Europe Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 28 Europe Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 29 Europe Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 30 Europe Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 31 Europe Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 32 Europe Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 33 Europe Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 34 Europe Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 35 Europe Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 36 Europe Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 37 Europe Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 38 Europe Chemical Warehousing Market Outlook, By Others (2020-2028) ($MN)
- Table 39 Aisa Pacific Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 40 Aisa Pacific Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 41 Aisa Pacific Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 42 Aisa Pacific Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 43 Aisa Pacific Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 44 Aisa Pacific Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 45 Aisa Pacific Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 46 Aisa Pacific Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 47 Aisa Pacific Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 48 Aisa Pacific Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 49 Aisa Pacific Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 50 Aisa Pacific Chemical Warehousing Market Outlook, By Others (2020-2028) ($MN)
- Table 51 South America Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 52 South America Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 53 South America Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 54 South America Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 55 South America Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 56 South America Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 57 South America Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 58 South America Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 59 South America Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 60 South America Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 61 South America Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 62 South America Chemical Warehousing Market Outlook, By Others (2020-2028) ($MN)
- Table 63 Middle East & Africa Chemical Warehousing Market Outlook, By Type (2020-2028) ($MN)
- Table 64 Middle East & Africa Chemical Warehousing Market Outlook, By General Warehouse (2020-2028) ($MN)
- Table 65 Middle East & Africa Chemical Warehousing Market Outlook, By Specialty Chemicals Warehouse (2020-2028) ($MN)
- Table 66 Middle East & Africa Chemical Warehousing Market Outlook, By Chemical Type (2020-2028) ($MN)
- Table 67 Middle East & Africa Chemical Warehousing Market Outlook, By Petrochemical (2020-2028) ($MN)
- Table 68 Middle East & Africa Chemical Warehousing Market Outlook, By Consumer Chemicals (2020-2028) ($MN)
- Table 69 Middle East & Africa Chemical Warehousing Market Outlook, By Synthetic Rubber (2020-2028) ($MN)
- Table 70 Middle East & Africa Chemical Warehousing Market Outlook, By Agrochemicals (2020-2028) ($MN)
- Table 71 Middle East & Africa Chemical Warehousing Market Outlook, By Polymer and Plastic (2020-2028) ($MN)
- Table 72 Middle East & Africa Chemical Warehousing Market Outlook, By Construction Chemicals (2020-2028) ($MN)
- Table 73 Middle East & Africa Chemical Warehousing Market Outlook, By Textile Chemicals (2020-2028) ($MN)
- Table 74 Middle East & Africa Chemical Warehousing Market Outlook, By Others (2020-2028) ($MN)
