GCC Chemical Logistics Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
GCC Chemical Logistics Market Analysis
On an economic level, the contribution of the chemical industry toward the growth of the region has been predominant over the years. The chemical industry in the GCC is consistently scaling new heights in terms of production, portfolio diversification, and job creation, which is demanding the requirement for state-of-the-art logistics. The government's policies and investments and recent M&As for economic diversification that is focused on developing the non-oil sector are major reasons for the growth of the chemical industry over the years.
This is supported by several government initiatives, such as Oman's National Program for Diversification. Saudi Vision 2030 is also playing a role in supporting economic diversification. In the United Arab Emirates, the chemical sector is situated mostly in Abu Dhabi, where the industry is developed in line with Abu Dhabi's Economic Vision 2030, which, in turn, is creating new employment opportunities.
GCC Chemical Logistics Market Trends
This section covers the major market trends shaping the GCC Chemical Logistics Market according to our research experts:
Saudi Arabia Chemical Sector Occupies the Major Share in the GCC Region
Saudi Arabia has maintained its exceptional standing in 2019, retaining its spot in the top 15 exporters of chemicals globally. It was also the GCC regions' powerhouse, with the largest volume output and chemical sales revenue. Over the last few decades, China and Saudi Arabia have emerged as key chemical production hubs, reshaping the balance in the global chemical industry.
The Kingdom of Saudi Arabia (KSA) is considered one of the leading countries in the manufacture of many major chemical products and investing its data as one of the most suitable environments for low-cost chemical industries. KSA sits alongside the United States as the largest petrochemical manufacturer in the world, with 14 Saudi companies producing an average of 95 million metric ton of petrochemicals, accounting for nearly 9% of global production as reported in September 2020.
The volume of the kingdom's business is expected to double by 2030, based on the increase in global demand for the chemicals industry and because of the relentless work of the Kingdom of Saudi Arabia to push the wheel of investment in this sector.
The Kingdom is also characterized by its abundance of raw materials and easy access to it, in addition to its possession of a high level of infrastructure that is constantly being improved, and the companies of the Kingdom of Saudi Arabia also have access to a solid and wide logistics network, which puts the Kingdom in a prime position that serves the growing demand of Africa, Europe, and Asia.
Increasing Investments in the GCC Chemical Industry
The chemicals industry in the GCC is expected to attract new investments, as the region explores more higher-value downstream opportunities amid continued volatility in oil prices and as benefits from cheap feedstocks ease. Future investments in the GCC are being led by Saudi Arabia, which has been trying to get in investors into its petrochemical sector as part of its Vision 2030 program to diversify its economy.
The energy giant 'Aramco' is undertaking two massive projects in Saudi Arabia - a crude oil-to-chemicals (CTC) project in Yanbu to produce 9 million tonnes/year of chemicals and base oils by 2025 and the Amiral 1.5 million tonnes/year cracker joint venture project with France-based Total which is slated for start-up in 2024 in Jubail.
The developments in the market may result in greater competitiveness in the regional chemical industry by enabling it to leverage economies of scale and accelerate innovation, which will be a major driving factor for logistics in the chemical sector.
GCC Chemical Logistics Industry Overview
The GCC chemical logistics market is fiercely competitive and fragmented in nature, with the presence of many international and too many small domestic companies. Some of the top companies in the GCC region include Agility Logistics, BDP International, and Talke Group (RSA Talke and S.A. Talke). The region has been observing many innovative and digital trends in the past few years to meet the chemical output requirements and bring efficiency in handling and transportation.
GCC Chemical Logistics Market Leaders
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Agility Logistics
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BDP International
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Al-Futtaim Logistics
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Talke Group (RSA Talke and S.A. Talke)
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Hellmann Worldwide Logistics (Hellmann Indu Chemical)
*Disclaimer: Major Players sorted in no particular order
GCC Chemical Logistics Market News
February 2021: Agility, a leading global logistics provider, and its digital innovation arm Shipa, a trusted last-mile delivery and e-commerce logistics player, announced the launch of a bonded, express road freight network to connect businesses and consumers across the GCC.
February 2021: GAC (leading shipping and logistics company) signed an agreement with Qatar Free Zones Authority (QFZA) to establish a contract logistics facility and office in the Ras Bufontas Free Zone. The agreement with GAC is expected to play an important role in expanding the logistics capability at QFZA, supporting Qatar's position as a trade hub.
GCC Chemical Logistics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Technological Trends
4.3 Government Regulations and Initiatives - Key Countries
4.4 Industry Value Chain/Supply Chain Analysis
4.5 Investment Scenarios
4.6 Insights into the 3PL Market (Market Size and Forecast)
4.7 Impact of COVID-19 on the Chemical Logistics Market
5. MARKET DYNAMICS
5.1 Marjet Drivers
5.2 Market Restriants
5.3 Market Oppurtunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Service
6.1.1 Transportation
6.1.2 Warehousing, Distribution, and Inventory Management
6.1.3 Other Value-added Services
6.2 By End User
6.2.1 Pharmaceutical Industry
6.2.2 Cosmetic Industry
6.2.3 Oil and Gas Industry
6.2.4 Specialty Chemicals Industry
6.2.5 Other End Users
6.3 By Country
6.3.1 Saudi Arabia
6.3.2 Kuwait
6.3.3 United Arab Emirates
6.3.4 Qatar
6.3.5 Bahrain
6.3.6 Oman
7. COMPETITIVE LANDSCAPE
7.1 Market Concentration Overview
7.2 Company Profiles
7.2.1 Agility Logistics
7.2.2 BDP International
7.2.3 Al-Futtaim Logistics
7.2.4 Talke Group (RSA Talke and SA Talke)
7.2.5 Bertschi AG
7.2.6 GAC Logistics
7.2.7 AAA Freight Services LLC
7.2.8 Hellmann Worldwide Logistics (Hellmann Indu Chemical)
7.2.9 Petrochem Middle East (PME)
7.2.10 Al Ghazal Logistics *
- *List Not Exhaustive
7.3 Other Companies (International Chemical Logistics (ICL), JSL Global (Jassim Shipping & Logistics), Gulf Warehousing Company (GWC), and Den Hartogh Logistics*)
8. FUTURE OUTLOOK OF THE MARKET
9. APPENDIX
GCC Chemical Logistics Industry Segmentation
Chemical logistics comprises the transportation of products, many of which require special care in handling and storing to prevent safety hazards such as combustion, contamination, and spoilage.
The GCC chemical logistics market covers the growing trends, a complete background analysis of the chemical logistics market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries, and the impact of COVID - 19 on the market.
The GCC chemical logistics market is segmented by service (transportation, warehousing, distribution, and inventory management, and other value-added services), end user (pharmaceutical industry, cosmetic industry, oil and gas industry, specialty chemicals industry, and other end users), and geography (United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain).
| By Service | |
| Transportation | |
| Warehousing, Distribution, and Inventory Management | |
| Other Value-added Services |
| By End User | |
| Pharmaceutical Industry | |
| Cosmetic Industry | |
| Oil and Gas Industry | |
| Specialty Chemicals Industry | |
| Other End Users |
| By Country | |
| Saudi Arabia | |
| Kuwait | |
| United Arab Emirates | |
| Qatar | |
| Bahrain | |
| Oman |
GCC Chemical Logistics Market Research FAQs
What is the current GCC Chemical Logistics Market size?
The GCC Chemical Logistics Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in GCC Chemical Logistics Market?
Agility Logistics, BDP International, Al-Futtaim Logistics, Talke Group (RSA Talke and S.A. Talke) and Hellmann Worldwide Logistics (Hellmann Indu Chemical) are the major companies operating in the GCC Chemical Logistics Market.
What years does this GCC Chemical Logistics Market cover?
The report covers the GCC Chemical Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the GCC Chemical Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC Chemical Logistics Industry Report
Statistics for the 2024 GCC Chemical Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC Chemical Logistics analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
