Chemical Warehousing Market to Reach $22 Billion by 2032 Despite Headwinds from Ukraine War

• The global chemical warehousing market size is expected to reach $22.37 billion by 2032, growing at a CAGR of 3.67% from 2023-2032.

• Key drivers include increase in chemical production, demand for warehousing in e-commerce, and need to handle dangerous chemicals.

• The Russia-Ukraine war has had an adverse impact, affecting chemical exports and trade flows.

• Leading companies like Odyssey Logistics and Univar Solutions are making strategic acquisitions and investments to expand capabilities.

• Asia-Pacific dominated the global market in 2022 and is forecast to see the fastest growth rate of 4.6% through 2032.