Chemical Warehousing Market Size, Share, Opportunities, And Trends By Type (General Warehouse, Specialty Chemicals Warehouse), By Chemical Type (Synthetic Rubber, Petrochemicals, Agrochemicals, Consumer Chemicals, Construction Chemicals, Polymer And Plastic, Textile Chemicals, Others), By Industry (Pharmaceutical Industry, Pesticide Industry, Chemical Industry, Others), And By Geography - Forecasts From 2024 To 2029

The chemical warehousing market is projected to witness a CAGR of 3.45% during the forecast period to reach a total market size of US$21.760 billion by 2029, up from US$18.366 billion in 2024. 

Specialty chemical storage has distinct requirements from regular warehouses. Liquids or gases that can capture fire are dangerous substances. Further, these specialty chemicals pose an emerging risk to well-being and safety since they are hazardous or combustible. In addition, due to their nature, these compounds must be stored securely in specialized chemical warehouse facilities.

Hazardous substance generation and transportation are expanding. Numerous businesses habitually contract hazardous warehousing and other errands to third-party logistics because of safety and environmental issues with storage. Third-party logistics work has been established within the chemical division and has become crucial.

What are the chemical warehousing market growth drivers?

• Increasing international trade will bolster the chemical warehousing market growth.

In recent years, there has been a sharp rise in the demand for chemicals worldwide, especially forte chemicals and petrochemicals. This is generally due to the rising utilization of these substances in rising markets like China and India. To meet the developing demand from end-user businesses, nations must have adequate storage facilities to hold these chemical crude materials.

 According to recent data by OEC, in 2022, the leading chemical item exporters were Germany ($249 billion), China ($248 billion), the United States ($237 billion), Ireland ($147 billion), and Switzerland ($134 billion).  Additionally, for the imports in 2022, the biggest chemical products importers were the United States ($324 billion), Germany ($172 billion), China ($161 billion), Belgium ($104 billion), and the Netherlands ($92.6 billion).

Further, due to the significant presence of chemical producers and end-user industries, logistics, distribution, and warehousing services are needed due to the growing global trade in chemical goods, which is increasing the chemical warehousing market size.

• Using blockchain to enhance traceability in logistics is anticipated to propel the demand for chemical warehousing.

A blockchain contains records of events that cannot be changed or tampered with and is a sequential stream of information. A blockchain system is a series of records that have been cryptographically protected. All supply chain activities are made more efficient and cost-effective by implementing blockchain technology, which eliminates the requirement for a single source to keep records.

More transparency will be available in warehouse and storage operations thanks to the new blockchain technology. These elements will encourage the warehousing chemicals market expansion over the projected period.

• Rising technological advancements is expected to boost the market expansion.

The manufacturing of bio-based insecticides and fertilizers is projected to open up new market opportunities. In addition, several activities and technical developments in real-time temperature monitoring, autonomous handling, and inventory tracking promote market growth. However, the market will grow throughout the projected period due to a shift in consumer preferences toward processed foods brought on by rising disposable income, enhanced convenience, and rising living standards in emerging economies.

• Increasing chemical manufacturing will contribute to the growth of the market.

The chemical warehousing market size is expected to rise due to the rise in chemical manufacturing. A rise in the requirement for safe transportation and distribution services regions results from expanding chemical production to provide different industries such as food production, pharmaceutical manufacturing, car manufacturing, and engineering. According to the American Chemistry Council, in the United States, the chemical volumes increased by around 3.2% in 2022, from 1.4% in 2021; however, the shipments jumped by nearly 8.2% in 2022.

• High demand for chemical warehouses in agrochemical industries

The chemicals utilized in agriculture to bolster the expansion and well-being of living things may also be destructive to an individual's health and the environment. Dizziness, chemical burns, and other indications are conceivable in people after exposure to pesticides or fertilizers.  Proper chemical storage for agricultural applications improves production beyond merely adhering to rules. The warehouses are made with the knowledge of skilled engineers to meet strict industry standards while maintaining the chemicals secure, safe, and still available when needed. For instance, U.S. Chemical Storage provides a range of hazardous materials storage to meet the demands of your business, with adaptable fire-rated or non-fire-rated buildings to house the chemicals needed for agricultural management.

What are the emerging markets for chemical warehousing globally?

• Asia Pacific is projected to dominate the Chemical warehousing market.

During the projected period, the Asia Pacific region is anticipated to lead the Chemical warehousing market. The entire region of Southeast Asia is the Asia Pacific's center for emerging economies.

Additionally, India leads the world in both chemical imports and exports, ranking eighth in imports and fourteenth in exports. Although China is its largest single market, the chemical industry will continue to grow globally.

The construction of a strong warehouse infrastructure in developing nations, which is constantly prioritized, is anticipated to fuel the growth of the chemical logistics sector. For instance, in August 2022, Rhenus Warehousing Solutions India opened an economical chemical warehouse near New Delhi, reacting to the increasing requirement in the chemical and dangerous substances industry, taking after its expansion procedure by building up a multi-user facility in Gurgaon.

Recent developments in the chemical warehousing market:

• February 2024- Rinchem opened a massive custom-built hazmat (chemical) warehouse in Surprise, Arizona, spanning 123,516 square feet and offering 16,000 pallet positions to support the booming semiconductor industry in the Phoenix Metro Area.
• October 2022- A brand-new chemical warehouse for Rinchem in Malaysia is almost finished and expected to be operational in Q2 of 2023. This will be Rinchem's first warehouse in Malaysia, even though the company currently operates two other warehouses in the Asia Pacific region (in Taiwan and South Korea). The 45,000 square foot dangerous products warehouse will have 3100 pallet spots for storage. The warehouses of Rinchem are specifically designed to accommodate several temperature zones and adequate classification of different hazard classifications.
• January 2022- Leschaco unveiled a new 120.000 ft, two-story chemical and dangerous commodities facility in Port Klang, Malaysia. Up to 13,000 chemical items and hazardous materials pallets can be properly housed in this new facility. 

Leading players in the chemical warehousing market:

• Univar Solution, a leading player in chemical & plastic warehousing solutions, provides a wide range of supply chain services such as inventory management. The company provides all formulation needs to fulfill all types of varied requirements.
• BRENNTAG is a leading chemical company with an established presence operating through its different chemical warehouses. For instance, in 2023, the company announced its new warehouse facility in Moerdijk, the Netherlands. The new warehouse has a tripled storage capacity for various industrial ingredients and chemicals.

Chemical Warehousing Market Scope:

Report Metric	Details
Market Size Value in 2024	US$18.366 billion
Market Size Value in 2029	US$21.760 billion
Growth Rate	CAGR of 3.45% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Chemical Type Industry Geography
Companies Covered	Odyssey Logistics & Technology Univar Solution BRENNTAG Warehouse Specialists Rinchem
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Chemical Warehousing market is analyzed into the following segments:

• By Type
  • General Warehouse
  • Specialty Chemicals Warehouse
• By Chemical Type
  • Synthetic Rubber
  • Petrochemicals
  • Agrochemicals
  • Consumer Chemicals
  • Construction Chemicals
  • Polymer and Plastic
  • Textile Chemicals
  • Others
• By Industry
  • Pharmaceutical Industry
  • Pesticide Industry
  • Chemical Industry
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. CHEMICAL WAREHOUSING MARKET BY TYPE

5.1. Introduction

5.2. General Warehouse

5.3. Specialty Chemicals Warehouse

6. CHEMICAL WAREHOUSING MARKET BY CHEMICAL TYPE

6.1. Introduction

6.2. Synthetic Rubber

6.3. Petrochemicals

6.4. Agrochemicals

6.5. Consumer Chemicals

6.6. Construction Chemicals

6.7. Polymer and Plastic

6.8. Textile Chemicals

6.9. Others

7. CHEMICAL WAREHOUSING MARKET BY INDUSTRY

7.1. Introduction

7.2. Pharmaceutical Industry

7.3. Pesticide Industry

7.4. Chemical Industry

7.5. Others

8. CHEMICAL WAREHOUSING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By Chemical Type

8.2.3. By Industry

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By Chemical Type

8.3.3. By Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By Chemical Type

8.4.3. By Industry

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. United Kingdom

8.4.4.3. France

8.4.4.4. Spain

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By Chemical Type

8.5.3. By Industry

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By Chemical Type

8.6.3. By Industry

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. South Korea

8.6.4.4. India

8.6.4.5. Thailand

8.6.4.6. Indonesia

8.6.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Odyssey Logistics & Technology

10.2. Univar Solution

10.3. BRENNTAG

10.4. Warehouse Specialists

10.5. Rinchem

10.6. Anchor 3PL

10.7. KEMITO

10.8. Commonwealth

10.9. Broekman Logistics

10.10. Affiliated Warehouse

10.11. ALFRED TALKE GmbH

10.12. Deutsche Post DHL

Odyssey Logistics & Technology

Univar Solution

BRENNTAG

Warehouse Specialists

Rinchem

Anchor 3PL

KEMITO

Commonwealth

Broekman Logistics

Affiliated Warehouse

ALFRED TALKE GmbH

Deutsche Post DHL