DUBLIN, May 13, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/9h5wvc/global_chemical) has announced the addition of the "Global Chemical Logistics Market 2015-2019" report to their offering.
The global chemical logistics market to grow at a CAGR of 5.48% over the period 2014-2019
Logistics deals with the procurement, planning, and implementation of activities in the forward and reverse logistics chain of an organization. The chemical industry uses logistics for the complete management of the way resources are acquired, stored, and moved to different end-user locations. The use of logistics helps the chemical industry to have a continual supply of hazardous, organic and inorganic chemical liquids from suppliers and distributors in different locations.
Chemical logistics vendors have found new opportunities in the market in China. The Chinese chemical industry was valued at $1.97 trillion in 2014. An increase in investment by the government in the profit-making chemical projects and the rise in export demand for all varieties of specialty chemicals, bulk chemicals, and high-grade polymers will remain the conventional source to increase the overall market revenue during the forecast period.
According to the report, one of the drivers in the global chemical logistics market is an increase in the usage of intermodal services by vendors, which helps them to transport large amounts of bulky chemicals with low lead times and costs. This type of transport service is commonly used in international shipments. However, owing to its flexibility and storage capacity, it can also be applied for domestic purposes, which helps shippers to shift bulky goods on a tanker truck without specialized equipment.
Further, the report states that the global chemical logistics market has been incurring losses because of the rising costs of complex SCM.
- Dow Chemical
- Deutsche Bahn
- Schneider Nationals
Other prominent vendors
- Air Canada Cargo
- Biocair International
- Biotec Services International
- Cold Chain Technologies
- Continental Air Cargo
- CSafe Global
- Igloo Thermo-Logistics
- Kerry Logistics
- Kuehne + Nagel International
- L&M Transportation Services
- Nordic Cold Storage
- Panalpina World Transport
- TNT Express
- UTi Pharma
- World Courier Management
For more information visit http://www.researchandmarkets.com/research/9h5wvc/global_chemical
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