Chemical Logistics Market size is estimated at USD 282.8 billion in 2024 and is set to cross USD 476.8 billion by the end of 2037, registering more than 4.1% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of chemical logistics is evaluated at USD 294.4 billion.
The primary growth driver of the chemical logistics market is the increasing demand for chemicals across various industries including industrial and manufacturing, pharmaceutical and healthcare, and agriculture and agrochemicals.
Growth in sectors such as automotive, aerospace, electronics, and consumer goods drives the need for raw chemicals and specialty chemicals used in manufacturing processes. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), total production of automobiles in the U.S. was 10.6 million in 2023, contributing to significant growth in the automotive sector. Moreover, rising demand for pharmaceutical products and biochemical, including active pharmaceutical ingredients (APIs) and vaccines, fuels the need for specialized logistics solutions that ensure safe and compliant handling.
Author Credits: Saima Khursheed
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