Chemical Logistics Market Segmentation:
Mode of Transportation Segment Analysis
Roadway segment is set to capture around 45.2% chemical logistics market share by the end of 2035. Road transport provides flexible routing and direct access to various locations, including those not served by rail or sea. This flexibility is crucial for delivering chemicals to diverse industrial sites, warehouses, and distribution centers.
The use of specialized road vehicles, such as tankers and container transport, allows for the safe and compliant handling of various types of chemicals, including hazardous materials. The tank container fleet keeps expanding on the back of global chemical demand. The International Tank Container Organization (ITCO) 2023 reports that the global tank container fleet grew by 8.65% in 2022 to 801,800 units in 2023.
Services Segment Analysis
Transportation and distribution segment in the chemical logistics market is expected to hold a share of 50.1% by 2035. The rising global trade of chemical products is driving a high demand for efficient transportation and distribution services. Advanced and reliable logistics handle international chemical shipments effectively by complying with environmental regulations. Furthermore, transportation and distribution services equipped with advanced technologies such as IoT, real-time GPS tracking, and automated inventory management systems are widely employed by end users as they streamline operations smoothly.
Our in-depth analysis of the chemical logistics market includes the following segments:
|
Mode of Transportation |
|
|
Services |
|
|
End user |
|
