Behind the 1.8 trillion yuan hazardous chemical logistics market: frequent accidents and clusters of small and medium-sized private enterprises

Release time:

2023-06-29

On the afternoon of June 13, a tank car on the G15 Shenyang Haikou Expressway exploded on the expressway near Liangshan Village, Daxi Town, Wenling, Zhejiang Province, and rushed out of the expressway. The accident led to the collapse of some surrounding houses and plants.

According to reports, prior to the explosion, the tank car may have experienced accidents such as collision and overturning, leading to the tank car catching fire. Vehicles used to store and transport dangerous goods, such as Tank truck, are different from ordinary transport vehicles. In addition to the losses caused by collision and overturning, there may also be greater and more lasting dangers caused by explosion and leakage of toxic substances. If an uninformed person enters the danger range, it is likely to cause greater harm.

According to Guosheng Securities, there have been frequent accidents in the transportation of hazardous chemicals in recent years. According to the National Emergency Management Department, there were 2 major accidents and 20 deaths in China in 2017; In 2018, there were 2 major accidents and 43 deaths; From January to August 2019, there were 3 major accidents and 103 deaths; The occurrence of major accidents has brought huge losses to the safety of people's lives and property, and the safety situation of hazardous chemical production and transportation is becoming increasingly severe.

China is a major consumer of petroleum and chemical products, and there is a strong demand for hazardous chemical logistics. In 2019, the added value of China's petroleum and chemical industries increased by 4.8% year-on-year; The operating revenue is 12.27 trillion yuan, a year-on-year increase of 1.3%, accounting for 12.4% of the national GDP and 40% of the global chemical output value, ranking first in the world. The chemical industry is the main upstream of hazardous material transportation in China, with over 90% of hazardous material transportation customers being chemical enterprises. In 2019, the scale of China's hazardous chemical logistics market has exceeded 1.8 trillion yuan.

According to the analysis of Guosheng Securities Research Report, the regulation of the hazardous chemicals industry is becoming stricter, and the imbalance between supply and demand is a long-term logic. From the perspective of industry structure, the current operators include large state-owned enterprises, local state-owned enterprises, and third-party small and medium-sized private enterprises, with a large number of small and medium-sized private enterprises occupying the mainstream. However, there are relatively few companies with qualifications, brands, and financial strength among them, making the possibility of third-party reshuffle very high in the future, and the industry share is expected to be concentrated in the hands of powerful enterprises.

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Behind the 1.8 trillion yuan hazardous chemical logistics market: frequent accidents and clusters of small and medium-sized private enterprises

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