The Global Chemical Distribution Market Size is valued at 271.11 billion in 2023 and is predicted to reach 389.72 billion by the year 2031 at a 4.79% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the report:
- The chemical industries' increasing investment in expanding their manufacturing units and the rising consumption of chemicals across various end-use industries are expected to result in substantial growth.
- The expansion in the market is fueled by the increased utilization of a diverse range of chemicals across numerous industries.
- Asia Pacific dominated the market and accounted for a revenue share of global revenue in 2023.
- The construction segment has maintained the leading market share in terms of end-use.
Chemical distribution solutions provide a crucial link for suppliers to connect with smaller clients in less developed areas. The chemical distributors' assistance aids the growth of the global chemical industry in assisting chemical producers in entering new markets. The market is expanding due to rising consumer demand for services (mixing, blending, and packaging) and a viable supply chain model.
With the expanding sector, increased demand from several end-use industries is also boosting market expansion. Economic turmoil and instability are allowing chemical suppliers to explore international markets and innovation in paints and coatings, which is anticipated to drive market growth throughout the projection period. Growing globalization is anticipated to drive small and large manufacturing enterprises to enter strategic partnerships with international players to achieve structurally effective cost, market share, and competitive service advantage.
The distributor of chemicals is seen as a crucial component of the operator's go-to-market plan. Chemical distributors help producers offer their goods to emerging markets at a reasonable price while reducing the distribution cost. The global chemical distribution market is expanding due to the rising usage of a greater array of chemicals in numerous different sectors.
Recent Developments:
- In May 2022-Unium Bioscience Ltd. and HELM AG announced their intention to form a strategic alliance I. By delivering creative solutions that address market demands from growers, the new partnership between Union and HELM will demonstrate both organizations' commitment to sustainable agriculture and give HELM access to alternative crop production products in certain regions.
- In 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.
Competitive Landscape:
Some of the chemical distribution market players are
- Univar Solutions Inc.
- Helm AG
- Brenntag AG
- Ter Group
- Barents; Azalais
- Safin Alan
- ICC Industries, Inc.
- Jepsen & Jessen Pte. Ltd.
- Quimidroga; Solvadis Deutschland Gm
- Ashland
- Caldic B.V
- Wilbur Ellis Holdings, Inc.
- Omya AG
- IMCD
- Biesterfeld AG
- Stockmeier Group
- REDA Chemicals
- Manuchar
Market Segmentation:
The chemical distribution market is segmented based on product and end users. Based on product, the chemical distribution market is segmented into specialty and commodity chemicals. End users segment the market into automotive & transport, agriculture, construction, consumer goods, industrial manufacturing, textiles, pharmaceuticals, Downstream chemicals, Electrical & Electronics.
Based On End Users, The Industrial Manufacturing Segment Is A Major Contributor To The Chemical Distribution Market
The Industrial Manufacturing category is expected to hold a major share of the global chemical distribution market in 2021. Its large utilization in manufacturing operations for creating goods, including adhesives, adhesives, residential & occupational cleaners, and high-performance thermoplastics, is responsible for its substantial market share. Factories, petrochemical industries, and heavy industrial operators use a variety of chemicals for water treatment, process treatment, and final fuel additive solutions to help them meet performance and cost goals.
These substances, which include some commodity substances, are frequently referred to as downstream substances. Today's cars also need chemistry for the paint, bumpers, and headlights, as well as for the interior seats, dashboard components, and safety measures like belts and airbags. Even some hybrid and electric vehicles' lithium polymer barriers incorporate plastic. Rising demand for these kinds of end-use industries is predicted to cause the distribution.
The Specialty Chemicals Segment Witnessed Growth At A Rapid Rate
The specialty chemicals segment is projected to grow rapidly in the global chemical distribution market. The absence of makers of specialty chemicals mostly causes this. Specialty chemicals are utilized in various industries for specific uses and are heavily regulated by the government. Over the projection period, the growing use of specialty chemicals in the polymerization and pharmaceutical sectors is anticipated to propel the segment's expansion.
The North American Chemical Distribution Market Holds A Significant Regional Revenue Share
The North American chemical distribution market is expected to witness the highest market share in revenue shortly. The region's rapidly expanding construction, pharmaceutical, and automotive sectors are anticipated to fuel the expansion of North America's chemical distribution industry. In addition, the rising costs incurred by chemical businesses for expanding production facilities in North America portend a healthy development of the chemical distribution sector in the coming years.
In addition, the Asia Pacific region is anticipated to expand during the upcoming years. Because there are so many small and medium-sized chemical producers in the region, it will grow quickly during the projected period. Rising consumer spending power, increased digitalization, a growing economy, and growing end-user sectors are the main forces behind the expansion in the Asia Pacific.
Chemical Distribution Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 271.11 Bn |
|
Revenue forecast in 2031 |
USD 389.72 Bn |
|
Growth rate CAGR |
CAGR of 4.79% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Product And End Users |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Univar Solutions Inc.; Helm AG; Brenntag AG; Ter Group; Barents; Azalais; Safin 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. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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