ASEAN Chemical Logistics Market Size (2024 - 2029)

ASEAN Chemical Logistics Market Analysis

The ASEAN chemical logistics market has a 2022 value of USD 81 billion, and during the forecast period, it is expected to grow at a CAGR of more than 5.5%.

• The chemical industry is one of the ASEAN's most significant industries. With a chemical supply chain spanning from chemical manufacture to chemical distribution, this sector must run a tight ship. In a world where chemicals are used in the production of 96% of all manufactured items, there are several chances for chemical firms to expand. Transportation and logistics are critical in the chemical industry for keeping demand and supply in balance.
• The Thai pharmaceutical business is primarily concerned with the manufacture of downstream finished goods. Drugs manufactured in-country are often generics, with imported active ingredients blended and processed into finished goods destined mostly for the domestic market (about 90% of total output is consumed within the nation).
• The COVID-19 outbreak caused a decrease in the uptake of hospital services for non-serious conditions, while sales through pharmacies slowed due to weakening consumer spending power.
• Chemical fertilizer demand is expected to rise by 2.5% each year over the next three years, to 5.6-5.8 million tonnes for usage with the primary crops of rice, maize (for animal feed), oil palm, sugarcane, rubber, and cassava. Rice (estimated to grow by 1.5-2.5% per year), maize, and cassava (anticipated to rise by 2.0-3.0% per year) are particularly essential, accounting for almost 60% of total fertilizer usage.
• Manufacturers will aim to broaden their market access and distribution channels, for example, by adding value via the creation of new goods (for example, by making customized fertilizer mixes) and by expanding exports to neighbouring countries.

ASEAN Chemical Logistics Industry Segmentation

Chemical logistics is the transfer of chemical commodities with a supply chain using logistics organization services like warehousing and transportation. Chemicals are an essential aspect of practically every industry, including plastics processing, pharmaceuticals, food manufacturing, and vehicle manufacturing. The chemical industry provides products for the majority of industries. Liquid or solid chemicals are used to make pharmaceuticals, food, and other everyday items.

A comprehensive background analysis of the ASEAN Chemical Logistics Market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. The impact of COVID-19 has also been incorporated and considered during the study.

ASEAN Chemical Logistics Market is segmented By Service (Transportation, Warehousing, Customs & Security, Green Logistics, Consulting & Management Services, and Others), By Mode of Transportation (Roadways, Railways, Airways, Waterways, Pipelines), By End User (Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals industry, and Other End-users), and By Geography (Singapore, Thailand, Indonesia, Malaysia, Vietnam, Philippines, and the Rest of ASEAN). The report offers market size and forecasts for the ASEAN Chemical Logistics Market in value (USD billion) for all the above segments.