Bulk Liquid Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Bulk liquids are liquids that travel in large quantities commercially but typically exclude petroleum products such as hazardous chemicals, slurries of raw materials used in various industry applications, and construction materials used in larger industrial operations.

Sizing and Forecast
The bulk liquid market size has grown strongly in recent years. It will grow from $60.58 billion in 2023 to $65.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%.  The  growth in the historic period can be attributed to shifts in energy consumption, regulatory changes, emergence of petrochemical industry, global trade expansion, industrial revolution impact.

The bulk liquid market size is expected to see strong growth in the next few years. It will grow to $86.59 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  The growth in the forecast period can be attributed to global economic growth, shift in energy demands, environmental regulations, supply chain optimization, market volatility impact. Major trends in the forecast period include shifts in consumer behavior, market volatility impact, risk management & security, infrastructure developments, demand for specialized services.

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Segmentation & Regional Insights
The bulk liquid market covered in this report is segmented –

1) By Liquid Type: Edible liquids, Non-Edible liquids
2) By Properties: Flammable, Non-Flammable
3) By End Use: Chemical, Dairy, Beverages, Other End Users

Asia-Pacific was the largest region in the bulk liquids market in 2023. North America was the second largest region in the global bulk liquids market share. The regions covered in the bulk liquid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing production and consumption of chemicals drives the demand for the bulk liquid market. According to the American Chemical Council, tonnes of products are supplied to the chemical industry through rail, truck, waterborne modes, and pipelines. According to the Eurostat statistics, 86.4 million tons of environmentally harmful chemicals were consumed in 2021, an enormous 7% rise from the year before.  Therefore, high production and consumption of chemicals and related products are projected to generate high demand for bulk liquid truck transportation and subsequently fuel the growth of the bulk liquid market.

Key Industry Players
Major companies operating in the bulk liquid market report are Florida Rock & Tank Lines, Prime Inc., Martin Transport Inc., Quality Distribution Inc., Kenan Advantage Group Inc., Apex Logistics, Tidewater Transit Co., Dupre'Logistics LLC, Eagle Transport Corp., Ruan Transportation Management Systems Inc., HeniffTransportationSystemsLLC, GroendykeTransport, Foodliner, A&RLogistics, J&M TankLines Inc., Grammer LogisticsInc., Cliff Viessman Inc., Coastal Transport Co., HermanR.Ewell Inc., CLI Transport LP, Superior Bulk Inc., Tankstar Inc., Trimac Transportation, Andrews Logistics, CCC Transportation LLC, ATOStransportes auto tanques ochoa - ATOSA, Solar Transport, Service Transport Co., Schilli Corp., Liquid Trucking

The bulk liquid market report table of contents includes:

1. Executive Summary
2.  Bulk Liquid  Market Characteristics
3.  Bulk Liquid  Market Trends And Strategies
4.  Bulk Liquid  Market - Macro Economic Scenario
5. Global  Bulk Liquid  Market Size and Growth
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31. Global  Bulk Liquid  Market Competitive Benchmarking
32. Globa  Bulk Liquid  Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Fat Replacers Market
34.  Bulk Liquid  Market Future Outlook and Potential Analysis
35. Appendix

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