WASHINGTON, March 27, 2023 (GLOBE NEWSWIRE) -- Global Chemical Distribution Market is valued at USD 243.6 Billion in 2022 and is projected to reach a value of USD 368.7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6.1% over the forecast period 2022-2030.
Market Overview
Rising chemical consumption in many end-use industries, including construction, medicines, polymers & resins, and plastics, is predicted to be a major driver for the distribution business. Chemical manufacturers provide essential raw materials to companies in the manufacturing and industrial sectors. Either producer sell these raw materials directly to consumers, or third parties distribute them.
We forecast that sales of the commodity category in the Chemical Distribution market will account for more than 53% during the forecasted period. The rising use of these chemicals in many end-use industries, including the transportation, automotive, and personal care sectors, is to blame for this.
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Market Dynamics
The distribution of commodity and specialty chemicals by third parties in the Supply Chain will Increase to Support Market Expansion
The chemical industry produces and supplies crucial raw materials to companies in the manufacturing and industrial sectors. Producers either sell these feedstocks directly to consumers or have third parties transport them to them. The distribution of commodity and specialty chemicals by third parties is anticipated to increase significantly more than the sale of products directly to end users due to value-added outsourcing services like logistics, packaging, blending, waste removal, inventory management, and technical training.
Expansion in various end-use sectors in the Chemical Distribution Industry to Drive the Market Growth
The market's increasing investment rate is a significant driver throughout the predicted period. Expansion in many end-use industries, such as the automotive, pharmaceutical, and electronics industries, and a large rise in the industrial manufacturing sector are expected to drive up global demand for chemicals. The third-party distribution route is also projected to benefit from this component. International distributors employ unique channel methods, such as product expertise, local experience, and a strong logistical network, to gain a competitive edge in a highly fragmented market.
Top Players in the Global Chemical Distribution Market
- Univar Solutions Inc. (United States)
- Helm AG (Germany)
- Brenntag AG (Germany)
- Ter Group (Germany)
- Barentz (Mexico)
- Azelis (Luxembourg)
- Safic Alan (France)
- ICC Industries Inc. (United States)
- Jebsen & Jessen Pte. Ltd. (Singapore)
- Quimidroga (Spain)
- Solvadis Deutschland GmbH (Germany)
- Ashland (United States)
- Caldic B.V. (Netherlands)
- Wilbur Ellis Holdings Inc. (United States)
- Omya AG (Switzerland)
- IMCD (Netherlands)
- Biesterfeld AG (Germany)
- Stockmeier Group (Germany)
- REDA Chemicals (UAE)
- Manuchar (Belgium)
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Top Trends in the Global Chemical Distribution Market
- One trend that Vantage Market Research (VMR) expects to see in the Chemical Distribution industry is the rise in demand for a reachable supply chain network. The market is expanding due to rising demand for chemicals across various end-use sectors, including automotive, electronics, construction, infrastructure, and pharmaceuticals.
- Another trend that VMR predicts will continue in the Chemical Distribution industry is the innovative measures adopted by chemical distributors. The demand for chemicals is increasing across various end-use industries, including automotive, agricultural, construction, pharmaceutical, and textile industries. The difficulties that chemical makers had to deal with led to the demand for chemical distributors.
Top Report Findings
- Based on Products, the commodity chemicals category controls most of the Chemical Distribution market's revenue. The commodity chemicals sector dominated the global Chemical Distribution market in terms of revenue accounting market share. It is anticipated that this segment will continue to dominate the market during the forecast period. This is explained by the widespread use of commodity chemicals in various global industries, including food and beverage, medicines, agriculture, electronics, and construction. Commodity chemicals are used by virtually every industry to produce a wide range of products.
- Based on the End-Use outlook, most of the Chemical Distribution market’s revenue is controlled by commodity chemicals. The rising use of these chemicals in several end-use industries, including the transportation, automotive, and personal care sectors, is to blame for this.
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Recent Developments in the Global Chemical Distribution Market
- August 2022: Brenntag AG announced that it had extended its distribution deal with ISCA, one of the major makers and suppliers of specialty chemicals, to supply preservatives used in the European cosmetics industry.
- July 2021: To develop and sell Takeda Pharmaceutical's norovirus vaccine candidate HIL-214, Frazier Healthcare and Takeda Pharmaceutical joined together to form the biopharmaceutical business HilleVax (previously TAK-214)
Commodity Chemical Category in the Chemical Distribution market Generates a Substantial Revenue.
Based on the End-Use outlook, the Chemical Distribution market is divided into a commodity and special chemicals for a better understanding.
The commodity category is anticipated to dominate the market over the forecast period. The rising use of these chemicals in many end-use industries, including the transportation, automotive, and personal care sectors, is to attributed for this.
On the other hand, the specialty chemicals category is anticipated to grow significantly. The segment for specialty chemicals is anticipated to develop at the fastest rate during the forecast period. The absence of makers of specialty chemicals mostly causes this. Specialty chemicals are utilized in various industries for specific particular uses and are heavily regulated by the government. During the forecast period, the growing use of specialty chemicals in the polymer and pharmaceutical sectors is anticipated to propel the segment's expansion.
Asia Pacific Region in Chemical Distribution Market to Generate More than Half the Global Revenue
The Asia Pacific dominated the global Chemical Distribution market during the forecast period. This is attributable to the increase in demand for different chemicals from end-use industries, including automotive, pharmaceuticals, mining, cosmetics, and additives for plastic, particularly in developing nations like India and China. Fast industrial expansion in the past has had a significant impact on the market for Chemical Distribution. These key economies in the Asia-Pacific region include China, Japan, India, South Korea, Australia, and others. Additionally, the rapid industrialization of the area is offering market participants lucrative opportunities.
The Asia Pacific region is expected to be the fastest growing market in the Chemical Distribution market. This is due to factors such as the growing demand for chemicals in countries such as China and India, as well as the increasing industrialization and urbanization in the region. Additionally, the presence of a large population, growing middle-class consumer base, and supportive government policies in the region are also expected to contribute to the growth of the Chemical Distribution market in Asia Pacific. The rise of e-commerce and the increasing use of digital technologies in the Chemical Distribution industry are also expected to drive the growth of the market in the region.
Browse market data Tables and Figures spread through 150 Pages and in-depth TOC on Chemical Distribution Market Forecast Report (2022-2030).
Global Chemical Distribution Market Segmentation
By Products
- Specialty Chemicals
- Commodity Chemicals
By End-Uses
- Speciality Chemicals
- Commodity Chemicals
By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
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Scope of the Report:
| Report Attributes | Details |
| Market Size in 2022 | USD 243.6 Billion |
| Revenue Forecast by 2030 | USD 368.7 Billion |
| CAGR | 6.1% from 2022 to 2030 |
| Base Year | 2022 |
| Forecast Year | 2022 to 2030 |
| Key Players | Univar Solutions Inc., Helm AG, Brenntag AG, Ter Group, Barentz, Azelis, Safic Alan, ICC Industries Inc., Jebsen & Jessen Pte. Ltd., Quimidroga, Solvadis Deutschland GmbH, Ashland, Caldic B.V., Wilbur Ellis Holdings Inc., Omya AG, IMCD, Biesterfeld AG, Stockmeier Group, REDA Chemicals, Manuchar |
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Key Questions Answered in the Chemical Distribution Market Report are:
- What is the current size and growth rate of the chemical distribution market?
- What are the key drivers and restraints affecting the chemical distribution market?
- What are the various distribution channels used by chemical distributors?
- Which end-use industries are the major consumers of chemical distribution services?
- Who are the key players in the chemical distribution market and what is their market share?
- What are the key strategies adopted by these players to gain a competitive advantage?
- What is the outlook for the chemical distribution market in the short, medium, and long term?
- What are the trends and developments shaping the chemical distribution market?
- What are the regulatory and environmental factors affecting the chemical distribution market?
- What are the challenges faced by chemical distributors and how can they be overcome?
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