◆英語タイトル：GCC Chemical Logistics Market- Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
On an economic level, the contribution of the chemical industry towards 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, 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 UAE, 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.
Key Market Trends
Saudi Arabia Chemical Sector Occupies the Major share in 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, in addition to 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 tons 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 GCC Chemical Industry
The chemicals industry in 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 programme 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 will result in greater competitiveness in the regional chemical industry by enabling it to leverage economies of scale, accelerate innovation which in turn will be a major driving factor for the logistics in the chemical sector.
The GCC Chemical Logistics market is fiercely competitive, 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, Talke Group (RSA Talke, and S.A. Talke). The region has been observing a lot of innovative and digital trends in the past few years in order to meet the chemical output requirements and to bring efficiency in handling and transportation.
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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
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 on 3PL market (Market Size and Forecast)
4.7 Impact of Covid-19 on 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
6.1.2 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
6.3 By Country
6.3.1 Saudi Arabia
6.3.3 United Arab Emirates
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 S.A. 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 *
7.3 Other Companies ( International Chemical Logistics (ICL), JSL Global (Jassim Shipping & Logistics), Gulf Warehousing Company (GWC), Den Hartogh Logistics*)
8 FUTURE OUTLOOK OF THE MARKET
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