Market Share of Global Chemical Logistics Industry
There are multiple big and small players in the global chemical logistics market. The sector is highly fragmented. The sector has been observing many innovative and digital trends in recent years, like adopting big data analytics and IoT technologies to further fuel the growth of the chemical logistics industry. Some of the major players are A&R Logistics, Agility Logistics, Al-Futtaim Logistics, C.H. Robinson, and BDP International, Inc.
Big firms such as BASF and Agility Logistics are investing heavily to stand out in the fiercely competitive market. For instance, in April 2021, Chinese state-owned firms Sinochem and ChemChina merged with approval from the state-owned assets supervision and administration commission (SASAC). A new, unnamed entity wholly owned by Sasac will be created, with the Sinochem and ChemChina groups as two separate subsidies. It gives the companies the flexibility to share oil trading and refining expertise to maximize margins in a competitive market.
Chemical Logistics Market Leaders
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A&R Logistics
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Agility Logistics
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Al-Futtaim Logistics
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C.H. Robinson
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BDP International, Inc.
*Disclaimer: Major Players sorted in no particular order
