The global chemical logistics and supply chain market size is estimated to be valued at around US$ 1.4 trillion in 2021, according to a report by Mordor Intelligence. It is expected to grow at a CAGR of around 6% from 2021 to 2026. In India, the chemical logistics and supply chain market is also experiencing significant growth. According to a report by Grand View Research, the Indian chemical logistics market was valued at approximately US$ 4.85 billion in 2020 and is projected to reach US$ 12.35 billion by 2028, growing at a CAGR of 12.3% from 2021 to 2028.

The Indian chemicals industry is a dynamic and growing sector, adding around 7% to India's GDP and contributes around 15% to manufacturing output. The sector is expected to reach US $1 Trillion by 2040, fuelled by the rising demand from various end-use sectors such as pharmaceuticals, agrochemicals, FMCG, automobiles, textiles, paints, and plastics. The Indian Chemicals and Petrochemicals industry has to play a key role if India needs to achieve its ambitious US $10 trillion economy goal by 2030.