June 11, 2023
3 min

Chemical logistics market size to grow by USD 53.66 billion from ... - PR Newswire

The chemical logistics market is expected to grow by USD 53.66 billion at a CAGR of 3.65% from 2023 to 2027, according to a recent market study by Technavio. Factors driving the growth of the market include the growing chemical industry, increased use of multimodal transportation and growing port infrastructure reducing vessel dwell time. The market is segmented by service, end-user and geography, with the transportation segment expected to see significant growth. The shift of the chemical logistics industry to emerging Asian countries is also predicted to propel market growth.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry