LONDON--(BUSINESS WIRE)--Nov 5, 2019--
Technavio has been monitoring the global chemical warehousing and storage market since 2016 and the market is poised to grow by USD 7.1 billion during 2019-2023, progressing at a CAGR of close to 4% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global chemical warehousing and storage market 2019-2023. (Graphic: Business Wire)
Read the 120-page research report with TOC on "Chemical Warehousing and Storage Market Analysis Report by Type (General warehouse and Specialized warehouse), by Application (commodity chemicals and specialty chemicals), by Geography (APAC, Europe, MEA, North America, and South America) and Segment Forecasts, 2019 - 2023".
The market is driven by the increasing consumption of specialty chemicals in manufacturing industries. In addition, the use of drones in warehouse management is anticipated to further boost the growth of the chemical warehousing and storage market.
There is an increase in the demand for specialty chemicals due to widespread adoption of process technologies and shifting economies. Specialty chemicals are extensively used in various industrial applications to impart performance benefits and functionality to the final product. They are used in the production of many personal care products, surfactants, electronics, and cosmetics. Thus, the increasing consumption of specialty chemicals in manufacturing industries is expected to drive market growth during the forecast period.
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Major Five Chemical Warehousing and Storage Market Companies:
Agility is headquartered in Kuwait and operates the business under various segments such as Logistics and related services and Infrastructure. The company offers a wide range of supply chain, logistics, and freight procurement and management solutions.
BDP International which is headquartered in the US, and offers products through the following business units: Lead Logistics Provider, Trade Risk Management, Export Facilitation, and others. The company offers several chemical supply chain services and solutions such as warehousing and transportation.
C.H. Robinson Worldwide
C.H. Robinson Worldwide is headquartered in the US and has business operations under various segments, namely NAST, Global Forwarding, Robinson Fresh, and All Other and Corporate. The company provides various supply chain, warehousing, and logistics solutions.
Deutsche Bahn is headquartered in Germany and offers services through the following segments: DB Long-Distance, DB Regional, DB Arriva, DB Cargo, DB Schenker, DB Netze Track, DB Netze Stations, DB Netze Energy, and others. The company offers services for product monitoring and packaging.
Deutsche Post is headquartered in Germany and offers services through the following business segments: PeP, Express, Global Forwarding, Freight, Supply Chain, and Corporate Center/Other. The company offers a wide range of packaging and chemical logistics services.
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Chemical Warehousing and Storage Type Outlook (Revenue, USD Million, 2019 - 2023)
- General warehouse
- Specialized warehouse
Chemical Warehousing and Storage Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: PACKAGING ENGINEERING CHEMICALS/PLASTICS AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER TRANSPORT OTHER CONSTRUCTION & PROPERTY RAIL CONSTRUCTION & PROPERTY TRANSPORT MINING/MINERALS NATURAL RESOURCES OTHER MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Technavio Research
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