The global chemical logistics market is expected to grow from $251.94 billion in 2021 to $271.73 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The chemical logistics market is expected to grow to $317.17 billion in 2026 at a CAGR of 3.9%, says a report by ResearchAndMarkets.

Asia Pacific was the largest region in the chemical logistics market in 2021. The regions covered in the chemical logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 

The rise in chemical production is expected to propel the growth of the chemical logistics market going forward. An increase in the production of chemicals to supply to various industries including, food production, pharmaceutical manufacturing, automobile manufacturing, and engineering leads to a rise in the need for safe corners of transportation and distribution services.

For instance, according to the American Chemistry Council, Chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022.

Furthermore, according to the government of India, India's chemical sector (including fertilizers and pharmaceuticals) reached USD 178 billion in 2019 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is driving the growth of the chemical logistics market.

Collaborations and partnerships have emerged as the key trends gaining popularity in the chemical logistics market. Major players in the chemical logistic market are making partnerships and collaborations for the development of innovative and technologically advanced products.