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Chemical Logistics Market size is set to grow by USD 67.7 billion from 2024-2028, Growth of chemical industry boost the market, Technavio

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NEW YORK, July 10, 2024 /PRNewswire/ — The global chemical logistics market size is estimated to grow by USD 67.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.36% during the forecast period. The global chemical logistics market is poised to grow significantly, driven by the expanding chemical industry and adoption of blockchain technology in logistics. However, challenges such as high operational costs and the capital-intensive nature of the business hinder market growth. Key players like Agility Public Warehousing Co. K.S.C.P, BASF SE, and C H Robinson Worldwide Inc. are pivotal in shaping this dynamic sector’s future.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Chemical Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 67.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.11

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 62%

Key countries

China, US, Japan, Germany, and South Korea

Key companies profiled

Agility Public Warehousing Co. K.S.C.P, BASF SE, BRENNTAG SE, C H Robinson Worldwide Inc., CMA CGM SA Group, CSX Corp., CT Logistics, Deutsche Bahn AG, Deutsche Post AG, Dow Chemical Co., DSV AS, Dupre Logistics LLC, FedEx Corp., Kintetsu Group Holdings Co. Ltd., North West Carrying Company LLP, PSA International Pte Ltd., Saudi Basic Industries Corp., Schneider National Inc., and Univar Solutions Inc.

Market Driver

Blockchain technology is revolutionizing the logistics industry by providing a secure, transparent, and cost-efficient solution for maintaining and sharing supply chain data. This digitalized platform uses a distributed transaction ledger, allowing various stakeholders to maintain identical copies of records on multiple computer systems. Each transaction is cryptographically protected and validated by an independent third party, ensuring security and preventing fraud. The benefits of blockchain technology are numerous, including increased transparency, reduced paperwork, and improved traceability and trackability. In the context of chemical logistics, this technology is particularly valuable due to the criticality and confidentiality of the information involved. With an estimated USD30 billion in annual cargo theft losses in the logistics industry, blockchain technology offers a promising solution for minimizing risk and streamlining operations. Major logistics companies, such as International Business Machines Corp. And A.P. Moller – Maersk, have already implemented blockchain technology to create more secure and efficient digital shipping platforms. Similarly, 3PL service providers like ITS Logistics are partnering with blockchain technology providers to develop common standards and frameworks for the industry. Overall, the use of blockchain technology in chemical logistics is expected to enhance data security, automate processes, and create transparency in the sharing of critical and confidential records. 

The Chemical Logistics Market is experiencing significant trends in various process industries. Three-party logistics (3PL) providers are increasingly managing non-asset chemical logistics, addressing complexities in rail networks and uncertain transit times. Road quality and pilferage remain challenges, driving automation in warehouses. Green warehouses and sustainable business operations are prioritized for environmental concerns. Advancements include smart sensors, robotics, artificial intelligence (AI), machine learning, radio-frequency identification (RFID), Bluetooth, drone delivery, and driverless vehicles. Shale gas and the energy industry are major consumers, but chemical demand varies across diverse sectors like food production, pharmaceutical manufacture, vehicle manufacturing, and engineering. Collaborations between the American Chemistry Council and the government of India, and other industry partnerships, are crucial for addressing chemical volumes and ensuring safe, efficient transportation. Addressing environmental problems and maintaining chemical manufacturing standards remain key priorities. 

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Market Challenges

The chemical warehousing and storage market involves significant investment for setting up facilities that adhere to specifications and obtain necessary certifications. Different chemicals require unique storage solutions, and various factors such as regulations, political climate, and competition impact market growth. Warehouse location is strategic, with considerations including price of land, connectivity, and infrastructure. Rising land costs and warehouse rents challenge operators to either rent or buy. Optimizing warehouse capacity and minimizing operational costs are essential to prevent financial losses from oversized or poorly utilized spaces. The slow adoption of advanced inventory tracking technology and inventory loss through damage, pilferage, and misplacement are ongoing challenges for the industry. These factors contribute to the high cost of investment and operation in the chemical logistics market, potentially limiting its growth.Chemical logistics is a critical business sector that ensures the safe and efficient transportation and warehousing of chemicals. The use of IoT devices and intelligent cloud platforms enhances agility and improves supply chain visibility. However, chemical logistics faces challenges in various industry verticals, including the cosmetic and specialty chemicals industries, food production, and automobile manufacturing. OEM shutdowns, safety hazards, contamination, and spoilage are common issues. Federal and state regulations add complexity, affecting workers and the general public. Tech-driven logistics services offer solutions through airways, roadways, railways, waterways, pipelines, and transportation & distribution. Companies like A&R Logistics, Agility, BASF, Rhenus Logistics, and Ryder System Inc. Provide storage & warehousing, customs & security, green logistics, consulting & management services. Dangerous chemicals, raw materials, and finished chemical products require specialized handling in the oil & gas industry and end use industries.

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Segment Overview 

This chemical logistics market report extensively covers market segmentation by  

Service 1.1 Transportation1.2 Warehousing1.3 OthersEnd-user 2.1 Chemical industry2.2 Pharmaceutical industry2.3 Speciality chemical industry2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Transportation- The Chemical Logistics Market involves the transportation, storage, and handling of chemicals from one place to another. Companies in this sector ensure safe and efficient movement of chemicals through various modes of transport like road, rail, and sea. They offer value-added services such as temperature control, packaging, and inventory management to meet the specific requirements of chemical manufacturers and consumers. The market is driven by factors like increasing demand for chemicals in various industries, stringent regulations, and growing focus on supply chain efficiency.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Chemical Logistics Market is experiencing significant growth due to the surge in chemical demand from various industry verticals such as energy, shale gas, and the environmental problems that necessitate the use of chemicals for mitigation. The chemical manufacturing and transportation sectors are at the forefront of this trend, supplying essential raw materials for food production, pharmaceutical manufacture, vehicle manufacturing, and engineering. The energy industry’s shift towards cleaner sources and the increasing use of IoT devices and intelligent cloud platforms in chemical logistics are driving innovation. Agility Logistics and other tech-driven logistics services are collaborating to provide efficient and safe transportation of chemicals in both liquid and solid states. However, the industry faces challenges such as safety hazards, contamination, and spoilage during transportation and warehousing. Federal and state regulations are stringent to ensure safety and compliance. OEM shutdowns can also impact the market, making flexibility and adaptability crucial. The specialty chemicals industry and cosmetics sector are also significant contributors to the market’s growth.

Market Research Overview

The Chemical Logistics Market is a critical component of the energy industry, particularly in the context of shale gas production. With the surge in chemical demand from diverse sectors such as food production, pharmaceutical manufacture, vehicle manufacturing, engineering, and more, the market for chemical transportation and manufacturing has grown significantly. However, this growth comes with challenges, including environmental problems, safety hazards, and regulatory compliance. Chemical logistics companies provide services for the transportation and distribution of chemicals in various states – liquid and solid. They cater to end use industries, including the oil & gas industry, process industries, and 3PL providers. The market is complex, with factors such as federal and state regulations, workers’ safety, and the general public’s safety being of utmost importance. The chemical logistics industry is undergoing a tech-driven transformation, with IoT devices, intelligent cloud platforms, and automation playing a key role. Collaborations between industry players, such as Agility Logistics and BASF, Rhenus Logistics and Ryder System Inc., are driving innovation in the sector. The market is diverse, with industry verticals including the cosmetic industry, specialty chemicals industry, and food industry. OEM shutdowns, contamination, spoilage, and safety hazards are some of the challenges that chemical logistics companies face. Green logistics, consulting & management services, and sustainable business operations are becoming increasingly important in the sector. Transportation & distribution, storage & warehousing, customs & security, and consulting & management services are the key offerings of chemical logistics companies. The market is served by various modes of transportation, including airways, roadways, railways, waterways, and pipelines. Safety hazards, such as contamination and spoilage, are significant concerns in the chemical logistics industry. Federal and state regulations, as well as the general public’s safety, are of utmost importance. Tech-driven logistics services, such as smart sensors, robotics, artificial intelligence (AI), machine learning, radio-frequency identification (RFID), Bluetooth, drone delivery, and driverless vehicles, are being adopted to mitigate these risks and improve efficiency. The chemical logistics market is expected to continue growing, driven by increasing demand for chemicals in various industries and the need for efficient, tech-driven logistics solutions. However, challenges such as complexities in the rail network, uncertain transit time, road quality, pilferage, and automation will need to be addressed to ensure the industry’s continued growth and success.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceTransportationWarehousingOthersEnd-userChemical IndustryPharmaceutical IndustrySpeciality Chemical IndustryOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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/C O R R E C T I O N — Applied Intuition, Inc./

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4 minutes ago

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May 2, 2026

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In the news release, Applied Intuition Collaborates with Heidelberg Materials to Advance Innovation in Quarry Operations with Autonomous Haulage Fleets, issued 30-Apr-2026 by Applied Intuition, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Applied Intuition Collaborates with Heidelberg Materials to Advance Innovation in Quarry Operations with Autonomous Haulage Fleets

Deployment brings intelligent, vehicle-based autonomy to Australia, establishing a new operating model for construction and mining environments.

SUNNYVALE, Calif., April 30, 2026 /CNW/ — Applied Intuition, Inc., a leader in physical AI, today announced its collaboration with Heidelberg Materials, one of the world’s largest integrated manufacturers of building materials and solutions, to deploy autonomous haulage systems for Heidelberg Materials’ quarry operations, starting at a site in Australia.

Applied Intuition will provide its Self-Driving System (SDS) for Construction to support autonomous haulage operations within Heidelberg Materials’ fleet of construction and mining vehicles in Australia. The deployment marks the next real-world application of Applied Intuition’s autonomy platform in industrial environments. Upon successful completion, it will support the expansion of autonomous operations within Heidelberg Materials’ broader Australian network.

The collaboration also challenges the standard industry model. While autonomy solutions traditionally target the largest quarry sites, this system is designed for smaller operations, including those running just two 40-ton trucks, making it deployable across quarry sites of varying size worldwide.

“No two quarry or construction sites operate the same way, with different layouts, constraints and economics,” said Qasar Younis, co-founder and CEO of Applied Intuition. “We’ve built our platform to adapt to that reality. This partnership shows we can take the same core system used in large mining operations and apply it to smaller, infrastructure-constrained quarry sites, scaling it across hundreds of unique locations.”

For Heidelberg Materials, the partnership is aimed at enhancing safety and operational performance. It also reflects the need for an autonomy solution that can operate at large sites and smaller ones too, whereas traditional autonomous haulage systems are often too infrastructure-heavy or costly to scale. For Applied Intuition, it serves as a proof point that its autonomy platform is designed not just for one-off deployments, but for global scale across construction, quarry and mining environments of any size.

Applied Intuition’s system runs directly on the vehicle, with integrated perception, decision-making and safety systems onboard, enabling reliable operation without constant connectivity or heavy site infrastructure.

The collaboration builds on Applied Intuition’s growing presence in construction and mining autonomy and reinforces its broader physical AI strategy. The same core platform has already been deployed in other industries, including trucking and defense, with learnings from each domain contributing to continuous system improvements. Applied Intuition’s SDS platform strategy also enables the company to bring technologies proven in other domains into construction and mining, helping accelerate development and deployment.

Through this project, Applied Intuition demonstrates the range of its autonomy platform, from some of the largest mining trucks in the world to smaller quarry vehicles operating in constrained, lower-infrastructure environments. Together, these deployments highlight the company’s approach to building scalable autonomy for construction and mining from the ground up.

To learn more about how Applied Intuition is building the future of construction autonomy, visit applied.co.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with offices in Washington, D.C.; San Diego; Ft. Walton Beach, Florida; Ann Arbor, Michigan; London; Stuttgart; Munich; Stockholm; Gothenburg, Sweden; Bangalore; Seoul; and Tokyo. Learn more at applied.co.

Correction: An earlier version of this release incorrectly stated the location of the site noted in the first paragraph.

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SOURCE Applied Intuition, Inc.

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MOREH Demonstrates Production-Ready LLM Inference on Tenstorrent Galaxy, Achieving DGX A100-Class Performance with Improved Cost Efficiency

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May 2, 2026

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Reduces HBM Costs with GPU–Tenstorrent Heterogeneous Distributed Serving
First unveiled at Tenstorrent’s launch event, TT-Deploy, in San Francisco on May 1

SANTA CLARA, Calif., May 1, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, announced that it has successfully validated LLM inference performance on the Tenstorrent Galaxy Wormhole system using its proprietary ‘MoAI Inference Framework.’

Based on tests across leading Mixture-of-Experts (MoE) models—including GPT-OSS, Qwen, GLM, and DeepSeek—Moreh achieved LLM inference performance on Tenstorrent Galaxy Wormhole matching or surpassing NVIDIA DGX A100-class systems, demonstrating a compelling alternative to conventional GPU-centric AI infrastructure.

Moreh also improved cost efficiency by implementing a disaggregated serving architecture that combines GPUs with Tenstorrent Wormhole chips. By utilizing Tenstorrent processors as dedicated prefill accelerators, the company reduced reliance on high-cost HBM and lowered overall infrastructure costs.

The results were first unveiled at Tenstorrent’s launch event, TT-Deploy, held on May 1 in San Francisco.

As a strategic partner of Tenstorrent and a major external contributor to Metalium, Moreh showcased a live LLM inference demo at the event. Building on its experience operating AMD GPU-based production environments in real-world data centers, the company presented its latest technical achievements in ‘Production-Ready LLM Inference on Tenstorrent Galaxy.’

MoAI Inference Framework is a disaggregated inference solution that enables unified operation of heterogeneous GPUs and NPUs—including NVIDIA, AMD, and Tenstorrent—within a single cluster. This allows enterprises to build flexible AI infrastructure strategies without vendor lock-in.

Moreh CEO Gangwon Jo stated, “Achieving production-grade LLM inference performance and stability on Tenstorrent-based systems marks a significant milestone,” and added, “We will continue to enhance performance through deeper optimization across heterogeneous architectures and closer integration with Tenstorrent NPUs.”

Moreh is developing its own core AI infrastructure engine and, through its foundation LLM subsidiary Motif Technologies, is building end-to-end capabilities spanning both infrastructure and model domains. Simultaneously, the company is making its mark in the global market through collaborations with key partners such as AMD, Tenstorrent, and SGLang.

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SOURCE Moreh

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US Startup PerZeption Inc. Announces Collaboration with Alcon Research

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4 minutes ago

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May 2, 2026

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BOSTON, MA, May. 1, 2026 /PRNewswire/ — Advancements in vision correction evaluation require methods that offer both precision and efficiency in detecting clinically meaningful visual differences. Addressing this need, PerZeption is set to present new data validating its AIM+ CSF modeling technology at the Association of Research in Vision and Ophthalmology (ARVO) annual meeting.

Attendees are invited to learn more about this innovative approach during the poster session on May 4, 2026, from 11:15 AM to 1:00 PM, at posterboard #0941.

“We are very excited to collaborate with Alcon, one of the largest companies within the Ophthalmology sector worldwide. “, Dr. Jan Skerswetat said. “The results, presented by Dr Derek Nankivil, indicate that our technology enables rapid, repeatable, and highly sensitive assessment of contrast vision.”

The abstract, titled ‘AIM+ CSF modeling enables efficient detection of clinically meaningful visual differences,’ outlines how PerZeption’s technology supports sensitive, low-burden visual assessment for vision correction evaluation. Data indicates that with approximately six adaptive displays of stimuli and two repeats, studies show around 20 subjects can achieve 90% power to detect a 1 JND (Just Noticeable Difference) change in AULCSF (Area Under the Log Contrast Sensitivity Function). This research also demonstrates AIM+ CSF’s stable repeatability in less than 3 minutes, absence of bias, and robust performance, validating its role as an effective tool for objective visual performance evaluation.

This joint effort highlights a shared dedication to advancing ophthalmology research and developing precise tools for visual assessment. The ARVO annual meeting serves as the world’s foremost event for ophthalmology research, offering a vital platform for sharing scientific breakthroughs and fostering dialogue within the global vision science community.

“In addition to all the exciting research presentations that leverage PerZeption technology at this years’ ARVO meeting, we are also proud to be showcasing PerZeption’s battery of functional tests at our booth, #4027.” Dr. Skerswetat added and noted that there will be opportunities to try out our technology.

This presentation at ARVO represents a significant step in the validation and recognition of PerZeption’s contributions to advanced visual assessment technologies.

About PerZeption Inc
PerZeption delivers vision testing with a rapid, self-administered, and adaptive psychophysical platform delivered via cloud-based software on standard tablets or all-in-one computers. Our flagship platform, Angular Indication Measurement (AIM), enables testing of over 20 visual functions. Our novel approach equips researchers and clinicians with a comprehensive range of visual functions and introduces new tests for which there are no currently available devices. We reduce chairtime. Self-administered tests on a single device in combination with proprietary methods that rapidly assess vision, reduce user’s burden and require minimal training or space, unlike bulky, specialized single-use devices. Finally, cloud-based delivery supports secure in-clinic and remote testing, ensuring consistent, trackable results for clinicians and pharmaceutical companies. 

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