Market Size of United Kingdom Chemical Logistics Industry
| Study Period | 2020-2024 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.99 Billion |
| Market Size (2029) | USD 6.63 Billion |
| CAGR (2024 - 2029) | 5.93 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Chemical Logistics Market Analysis
The United Kingdom Chemical Logistics Market size is estimated at USD 4.99 billion in 2024, and is expected to reach USD 6.63 billion by 2029, growing at a CAGR of 5.93% during the forecast period (2024-2029).
There are strict legal requirements for chemical logistics operations in the United Kingdom. Directive 2001/45/EEC of the European Parliament and of the Council of 27 June 2001, which amends Council Directive 89 /655 / EEC on the minimum health and safety requirements for the application of work equipment to workers at work. (Second individual Directive under Article 16 (1) of Council Directive 89 /391 / EEC).
According to industry experts, the revenue from chemicals and chemical products is set to increase by USD 9.28 billion in 2023 up to USD 9.56 billion in 2024 for the category of soap and detergents, perfumes, cleaners, and polishings or toilet preparations.
The value added in the UK chemicals market is reported to amount to USD 12.76 billion in 2024 from USD 12.28 billion in 2023. Innovation and technical progress are frequent drivers of the chemicals sector. Investing in R&D and introducing new and improved products or processes can increase the value added by companies in the United Kingdom chemical market.
