Italy Chemical Logistics Market Size (2024 - 2029)

Italy Chemical Logistics Market Analysis

The Italy Chemical Logistics Market size is estimated at USD 4.10 billion in 2024, and is expected to reach USD 5.65 billion by 2029, growing at a CAGR of 6.69% during the forecast period (2024-2029).

• In recent years, the chemical manufacturing sector has witnessed a significant uptick in demand. This surge is primarily driven by the escalating need for chemicals, especially shale gas, as a feedstock in the energy sector. Given the potential environmental ramifications of mishandling chemical transportation, ensuring safe logistics has become paramount. Against this backdrop, the confluence of rising chemical demand and the imperative for secure transportation is poised to propel the chemical logistics market forward.
• Notably, the upswing in chemical production is anticipated to be a key catalyst for the chemical logistics sector. As chemical output expands to cater to diverse industries like food, pharmaceuticals, automobiles, and engineering, the demand for reliable transportation and distribution services surges. In 2022, Versalis, a subsidiary of Eni, an Italian oil and gas company, emerged as the top Italian chemical manufacturer, boasting sales worth EUR 6.2 billion (USD 6.70 billion).
• The Italian chemical industry's production value in 2022 reached a pinnacle of EUR 66 billion (USD 77.37 billion) during the 2013-2022 study period. While the import value of chemicals into Italy fluctuated over the years, it peaked at EUR 61.5 billion (USD 66.49 billion) in 2022. Conversely, the export value of the Italian chemical industry stood at EUR 43 billion (USD 46.49 billion) in the same year.
• With a rising appetite for chemicals across sectors like pharmaceuticals, cosmetics, oil and gas, specialty chemicals, and food, the market for chemical logistics is set for expansion. The meticulousness with which manufacturers navigate the intricate supply chains, be it through roads, railways, or sea, underscores the industry's commitment to safety. Governments worldwide are investing significantly in modernizing their chemical logistics systems, underscoring the global emphasis on averting potential catastrophes. Collectively, these factors paint a positive growth trajectory for the chemical logistics industry.

Italy Chemical Logistics Industry Segmentation

Chemical logistics is the process of moving chemicals and related materials through a supply chain. It involves storing, transporting, and managing the flow of chemicals from suppliers to manufacturers and consumers. Chemical logistics services use special care to avoid safety risks like contamination and spoilage.

The Italian chemical logistics market is segmented by service (transportation, warehousing and distribution, consultant and management services, customs and security, green logistics, and others), mode of transport (airways, railways, waterways, roadways, and pipelines), and end-user industry (pharmaceutical, cosmetic, oil and gas, specialty chemical, and others). The report offers market sizes and forecasts in USD for all the above segments.