Chemical warehousing poised for growth

The global chemical warehousing and storage market is poised to grow by $7.1 billion during the next five years, a new report has revealed. According to Technavio, a leading global technology research and advisory company, this represents an annual compound growth of close to 4% during the forecast period of 2019 to 2023. The research shows that one of the key drivers for the market growth is the increasing demand for speciality chemicals from manufacturing industries.

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