Asia-Pacific Chemical Warehousing And Storage Market Size and Share
Asia-Pacific Chemical Warehousing And Storage Market Analysis by Mordor Intelligence
The Asia-Pacific Chemical Warehousing And Storage Market size is estimated at USD 30.33 billion in 2025, and is expected to reach USD 38.77 billion by 2030, at a CAGR of 5.03% during the forecast period (2025-2030).
Robust petrochemical output, a fast-expanding pharmaceutical cold chain, and rising demand for value-added hazardous-goods handling collectively underpin this growth. Operators are racing to digitalise yards and tanks, leverage automated inventory control, and strengthen regional hub networks. Consolidation has intensified service breadth and bargaining power, while policy-driven safety upgrades continue to raise the baseline for compliant facilities across major production economies.
Key Report Takeaways
- By warehouse type, general warehousing led with 28.66% revenue share in 2024; temperature-controlled chemical warehouses are projected to expand at 9.70% CAGR through 2030.
- By chemical type, flammable liquids accounted for 39.66% of the Asia Pacific chemical warehousing and storage market share in 2024, while toxic substances storage is poised to rise at 11.20% CAGR over 2025-2030.
- By end-user industry, basic chemicals manufacturing held 33.66% share of the Asia Pacific chemical warehousing and storage market size in 2024; pharmaceuticals and life sciences exhibit the fastest 10.30% CAGR to 2030.
- By geography, China captured 35.22% revenue share in 2024; India is forecast to record the quickest 9.10% CAGR between 2025 and 2030.
Asia-Pacific Chemical Warehousing And Storage Market Trends and Insights
Drivers Impact Analysis
| Driver | % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Outsourcing surge to 3PL chemical specialists | +1.2% | China, India, ASEAN | Medium term (2-4 years) |
| Hazardous-goods zoning reforms | +0.8% | China, Singapore, Malaysia, Thailand | Long term (≥ 4 years) |
| BOO/BOT tank-farm projects | +0.6% | Indonesia, Vietnam, Philippines | Long term (≥ 4 years) |
| Digitised warehouse management & IoT gauging | +0.9% | Japan, South Korea, Singapore; expanding to China, India | Medium term (2-4 years) |
| LNG-to-chemicals hub investments | +0.7% | Malaysia, Indonesia, Vietnam, Thailand | Long term (≥ 4 years) |
| Carbon-capture utilisation hubs | +0.4% | China, Japan, South Korea; pilots in Malaysia | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Outsourcing Surge to 3PL Chemical Specialists
Rising cost and complexity of compliance are prompting producers to shift inventory management to specialist logistics partners. Recent portfolio moves such as GEODIS acquiring Keppel Logistics delivered 200,000 m² of additional multi-temperature capacity that attracts pharmaceutical and specialty chemical principals. Large 3PLs bring audited SOPs, trained crews, and integrated IT platforms that most mid-sized in-house depots cannot match. The Asia-Pacific chemical warehousing and storage market, therefore, sees steady contract conversions from captive to outsourced models, particularly in emerging ASEAN manufacturing corridors. Consolidation among leading 3PLs is increasing their negotiating leverage with carriers and insurers, further reinforcing this structural shift.
Government-Mandated Hazardous-Goods Zoning Reforms
National regulators are tightening storage codes to align with UN GHS updates, driving broad refurbishment and new-build activity. China’s GB 30000.1-2024 standard, effective August 2025, adds new labeling and segregation rules that compel depot owners to retrofit fire systems and expand buffer zones[1]UL Solutions, “China Releases a New GHS Standard GB 30000.1,” ul.com. Singapore widened its hazardous-substance list in February 2025, forcing license holders to install extra containment and real-time monitoring. Operators that achieve early certification win customer trust and premium tariffs, while non-compliant yards face closures, fines, or forced relocation, reshaping the Asia-Pacific chemical warehousing and storage market in favor of accredited providers.
BOO/BOT Tank-Farm Projects at Greenfield Ports
State authorities in Indonesia, Vietnam, and the Philippines are awarding long-lease build-operate packages to attract foreign capital into strategic chemical corridors. The structure lowers upfront state spending yet secures international safety standards and transparent tariffs. Malaysia’s M3 depleted-field CO₂ storage agreement illustrates the model’s scalability for new liquid bulk parks. As manufacturing migrates to secondary ports, the Asia-Pacific chemical warehousing and storage market benefits from integrated liquid-bulk terminals designed for multi-commodity throughput.
Digitised Warehouse Management and IoT Tank Gauging
Operators are installing wireless level probes, automated valve controls, and cloud-based yard management suites that slash manual checks and improve uptime. Thai Oil’s Project Odyssey linked 500+ sensors to predictive dashboards, cutting unplanned downtime by 30% within a year[2]Honeywell Forge, “Project Odyssey Thai Oil,” honeywellforge.ai . Sensor-rich depots provide transparent audit trails that help customers meet ESG reporting duties, giving early adopters a competitive edge in the Asia-Pacific chemical warehousing and storage market.
Restraints Impact Analysis
| Restraint | % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Land scarcity in coastal industrial corridors | -0.7% | Singapore, Hong Kong, coastal China, Japan, South Korea | Short term (≤ 2 years) |
| Fragmented and outdated safety codes | -0.5% | ASEAN developing markets, rural China, secondary Indian cities | Medium term (2-4 years) |
| Chronic skilled-labour shortages for hazardous-goods handling | -0.6% | Global, with acute impact in India, Indonesia, Vietnam, Philippines | Medium term (2-4 years) |
| Rising insurance premiums after recent fire/explosion events | -0.4% | Global, with highest impact in Thailand, Malaysia, Australia | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Land Scarcity in Coastal Industrial Corridors
Limited developable land around deep-water ports inflates lease rates and constrains expansion plans. Singapore reclaimed eight islets to form Jurong Island, yet capacity now runs near saturation despite hosting more than 100 tenants with SGD 50 billion invested[3]JTC Corporation, “Jurong Island,” jtc.gov.sg. Japan responds with multi-storey or underground solvent tanks to circumvent zoning hurdles. High land costs channel investment toward automation and density-optimised racking, but they also push new entrants to inland plots that carry higher last-mile trucking expenses, tempering overall growth of the Asia-Pacific chemical warehousing and storage market.
Fragmented & Outdated Safety Codes Across Jurisdictions
Operators serving multi-country networks must navigate divergent inspection regimes and varying editions of the GHS standard. Skills shortages exacerbate compliance gaps, as highlighted in a 2024 survey where nearly half of safety professionals cited insufficient experienced staff as a top risk. Duplicate training and documentation raise operating costs, discouraging smaller firms from scaling across borders and modestly curbing momentum in the Asia-Pacific chemical warehousing and storage market.
Segment Analysis
By Warehouse Type: Specialized Capacity Commands Premium Margins
Temperature-controlled facilities are expanding at 9.70% CAGR, outstripping volume-oriented general depots. The Asia-Pacific chemical warehousing and storage market size for temperature-controlled solutions is projected to widen rapidly as GLP-1 drugs and biotech intermediates proliferate. Operators deploy high-density mobile racks, 24/7 data-logged monitoring, and redundant cooling loops to guarantee 2-8 °C stability. Several Japanese firms opened explosion-proof chill stores for lithium battery solvents in 2024-2025. General warehousing retains 28.66% share by offering cost-efficient bulk handling for commodity chemicals, yet margin compression persists as regulatory audits become stricter.
In hazardous-materials categories, purpose-built buildings with blast panels, spill containment, and remote-operated forklifts secure premium rates. Specialists capture clients exiting non-compliant sheds, steering more product volume into accredited hubs. As automation spreads, throughput per square metre rises, reinforcing the competitive moat of technologically advanced facilities within the Asia-Pacific chemical warehousing and storage market.
Note: Segment shares of all individual segments available upon report purchase
By Chemical Type: Toxic Substances Storage Accelerates
Flammable liquids contributed 39.66% revenue in 2024, anchored by petrochemical and fuels flows. The Asia-Pacific chemical warehousing and storage market share for toxic substances is, however scaling swiftly as pharmaceutical actives and specialty intermediates require inert-gas blanketing and continuous atmospheric monitoring. Growth of 11.20% CAGR reflects both volume gains and higher service fees. Singapore’s addition of long-chain perfluorocarboxylic acids to its regulated list spurred immediate retrofits of segregated bays with dedicated scrubbers.
Corrosives and oxidisers demand acid-proof coatings, ventilation, and strict segregation, sustaining a steady pipeline of retrofit projects. Recent fire incidents, such as the May 2024 blaze in Derrimut involving methanol and kerosene, underline the importance of compliant toxic-substance depots. Enhanced insurer scrutiny further diverts sensitive cargo into certified sites within the Asia-Pacific chemical warehousing and storage market.
Note: Segment shares of all individual segments available upon report purchase
By End-User Industry: Pharmaceuticals Propel Cold Chain Spending
Basic chemicals manufacturing dominated 33.66% of 2024 turnover through sheer volume of polymer and solvent inventory. Yet pharmaceutical and life-science clients account for the swiftest 10.30% CAGR as biologics pipelines expand. Vaccine centres in Singapore and South Korea increasingly outsource buffer and media storage to third-party depots with 24-hour data feeds and GDP accreditation. The Asia-Pacific chemical warehousing and storage market size for pharma cold chain is therefore on a sharp upward trajectory.
Agrochemical players seek compliant storage for crop-protection actives, while paint and adhesive firms need VOC-controlled rooms. Oil and gas majors still move high tonnage through legacy tank farms, but green-fuel transitions will modify product mixes, shaping the future layout of the Asia-Pacific chemical warehousing and storage market.
Geography Analysis
Asia-Pacific demand clusters remain anchored in China’s coastal petrochemical belts, yet India’s inland logistics parks are catching up fast as multinationals pursue China-plus-one strategies. Well-capitalised Japanese and South Korean players prioritise technology-driven safety upgrades, pursuing underground and vertical depots to overcome land scarcity. ASEAN economies collectively introduce long-lease concessions to raise greenfield capacity, thereby diversifying cargo flows within the Asia-Pacific chemical warehousing and storage market.
Singapore’s integrated Jurong Island retains hub status by offering deep-water berths, pipeline grids, and shared utilities, though expansion space is now limited and premiums are rising. Malaysia and Vietnam gain prominence through LNG-anchored petrochemical projects that bundle tank farms and downstream conversion units. Australia’s Kwinana Energy Hub highlights the role of renewable fuels in reshaping future storage needs, while emerging Philippine and Indonesian reforms promise gradual alignment with global safety benchmarks.
Cross-border harmonisation remains uneven, compelling large operators to maintain multi-jurisdictional compliance teams. Nonetheless, ongoing infrastructure build-out across tier-two ports and inland corridors widens market accessibility. The result is a more geographically balanced Asia-Pacific chemical warehousing and storage market that still relies on a handful of mature hubs for high-spec services but increasingly serves growth sectors through distributed regional nodes.
Competitive Landscape
Regional consolidation continues as global logistics giants target specialised liquid-bulk capability. DSV’s EUR 14.3 billion (USD 15.78 billion) purchase of Schenker created an unrivalled network spanning 147,000 staff and amplified chemical logistics depth. Mitsui O.S.K. Lines’ USD 1.715 billion acquisition of LBC Tank Terminals added 3 million m³ of storage across seven sites, reinforcing door-to-door liquid-bulk solutions.
Digital differentiation is now central. Vopak integrates wireless gauges and AI-driven maintenance platforms to boost asset uptime and safety, while Japan’s Gaussy consortium rolls out robot-as-a-service offerings to smaller depots. Partnerships such as Evonik with Kuehne+Nagel illustrate how manufacturers leverage 3PL expertise to navigate stricter compliance while maintaining lean balance sheets.
White-space opportunities revolve around temperature-controlled pharma storage, CO₂ sequestration buffers, and multi-commodity automated depots in land-constrained cities. Operators that combine accredited safety regimes, ESG transparency, and next-generation IT stand to outpace traditional generalists in the evolving Asia-Pacific chemical warehousing and storage market.
Asia-Pacific Chemical Warehousing And Storage Industry Leaders
-
DHL Global Forwarding
-
Sinotrans
-
Toll Group
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Kuehne + Nagel International AG
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Yusen Logistics Co., Ltd. (Part of NYK Line)
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: DSV completed its acquisition of DB Schenker for EUR 14.3 billion (USD 15.7 billion), creating the world’s largest logistics company and boosting chemical warehousing reach in Asia-Pacific.
- April 2025: Shell sold its Singapore Energy and Chemicals Park to CAPGC, realigning regional asset ownership.
- March 2025: Mitsui O.S.K. Lines agreed to acquire LBC Tank Terminals for USD 1.71 billion, adding seven strategic terminals.
- January 2025: DHL Express inked a 7.2 million-litre sustainable aviation fuel purchase deal with Cosmo Oil Marketing to decarbonise regional cargo flights.
Asia-Pacific Chemical Warehousing And Storage Market Report Scope
| General Warehousing |
| Speciality Chemical Warehouse |
| Hazardous Materials (HAZMAT) Warehouses |
| Temperature-Controlled Chemical Warehouses |
| Flammable Liquids |
| Corrosives |
| Toxic Substances |
| Oxidizers |
| Others |
| Basic Chemicals Manufacturing |
| Specialty Chemicals Manufacturing |
| Pharmaceuticals & Life Sciences |
| Agrochemicals |
| Paints, Coatings & Adhesives |
| Food & Feed Additives |
| Oil & Gas / Petrochemicals |
| Others |
| China |
| India |
| Japan |
| South Korea |
| Indonesia |
| Malaysia |
| Thailand |
| Vietnam |
| Philippines |
| Singapore |
| Australia |
| Rest of Asia-Pacific |
| By Warehouse Type | General Warehousing |
| Speciality Chemical Warehouse | |
| Hazardous Materials (HAZMAT) Warehouses | |
| Temperature-Controlled Chemical Warehouses | |
| By Chemical Type | Flammable Liquids |
| Corrosives | |
| Toxic Substances | |
| Oxidizers | |
| Others | |
| By End-user Industry | Basic Chemicals Manufacturing |
| Specialty Chemicals Manufacturing | |
| Pharmaceuticals & Life Sciences | |
| Agrochemicals | |
| Paints, Coatings & Adhesives | |
| Food & Feed Additives | |
| Oil & Gas / Petrochemicals | |
| Others | |
| By Country | China |
| India | |
| Japan | |
| South Korea | |
| Indonesia | |
| Malaysia | |
| Thailand | |
| Vietnam | |
| Philippines | |
| Singapore | |
| Australia | |
| Rest of Asia-Pacific |
Key Questions Answered in the Report
What is the current value of the Asia Pacific chemical warehousing and storage market?
The market is valued at USD 30.33 billion in 2025.
Which country holds the largest share of regional capacity?
China leads with 35.22% share, supported by extensive petrochemical infrastructure.
Which warehouse type is growing the fastest?
Temperature-controlled chemical warehouses are expanding at a 9.70% CAGR to 2030.
Why is toxic substances storage gaining momentum?
Stricter safety rules and rising pharmaceutical output require specialised containment, driving 11.20% CAGR in this segment.
How are operators addressing land scarcity in coastal hubs?
Firms deploy multi-storey, underground, and automated solutions and may relocate to inland zones to mitigate space constraints.
What digital tools are most impactful for depot efficiency?
IoT tank gauging and integrated warehouse-management platforms enable real-time monitoring, predictive maintenance, and regulatory reporting, boosting uptime and safety.
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