Chemical Logistics Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is set to hold largest revenue share of 40.5% by 2035. The chemical companies are targeting the region and building their manufacturing units to earn high profits. The swift rise in the chemical industry is anticipated to directly boost the demand for logistics services. India, China, Australia, Japan, and South Korea are some of the high-earning marketplaces in the region.
India holds 6th position as a chemical producer across the world and 3rd in Asia Pacific, contributing 7% to the country’s GDP. The rapidly expanding chemical sector is directly fuelling the demand for logistics services in the country. As per the estimations by the India Brand Equity Foundation, the chemical sector of India is projected to reach USD 300 billion by 2030.
Europe Market Insights
Europe chemical logistics market is set to exhibit substantial CAGR till 2035 owing to the strong presence of chemical manufacturers such as BASF, INEOS, and Shell Chemicals. DSV is one of the trusted chemical logistic solution and transport service providers in the region. The rising exports of petrochemicals are anticipated to augment the demand for logistics services in the coming years. Countries such as the UK, France, and Germany are significant marketplaces for petrochemicals such as ethylene.
The UK is leading in the research and manufacturing of zero-carbon vehicles, which is directly driving the supply chain prospects for chemicals required in developing automobiles. Croda International Plc. and Johnson Matthey Plc. are leading chemical companies in the country.
