Global Multimodal Transportation for Chemical and Petroleum Industry Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The multimodal transportation for chemical and petroleum industry market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2022-2028). Multimodal transportation refers to a transportation system run by a carrier that includes more than one mode of transportation. The expansion of the transportation industry as a result of the high demand for supply chain products is a significant driver driving the growth of the global multimodal transportation for chemical and petroleum industry market.

The global multimodal transportation for chemical and petroleum industry market is segmented based on transportation mode and end-user. Based on the transportation mode, the market is sub-segmented into rail, water, air, and road. Among these transportation modes, the water segment is expected to propel the growth of the market as containers of petroleum and chemical are usually transported through water transportation from oil producing countries to the consumer nations. Based on the end-user, the market is sub-segmented into the chemical industry, petroleum industry, and others.

The market players are contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, J.B. Hunt Transport Services Inc. and BNSF Railway Co. (BNSF) announced that they are launching a joint effort to substantially improve capacity in the intermodal marketplace while also meeting the expanding needs of current customers. Demand for intermodal services has grown significantly in recent years as companies look to secure capacity while reducing costs and their carbon footprint. Based on current and projected trends, J.B. Hunt plans to grow its intermodal fleet to as many as 150,000 containers in the next three to five years, a 40% increase from its count at the end of 2021. The company has completed more than four million intermodal loads since 2020.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Transportation Mode
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- BDP International Inc., C.H. Robinson Worldwide Inc., Crowley Maritime Corp., Deutsche Post DHL Group, Kuehne + Nagel International AG, Mitsubishi Logistics Corp., and Schenker AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Multimodal Transportation for Chemical and Petroleum Industry Market Report by Segment

By Transportation Mode

• Rail
• Water
• Air
• Road

By End-User

• Chemical Industry
• Petroleum Industry
• Others