The Global Chemical Distribution Market Size accounted for USD 253.1 Billion in 2021 and is estimated to achieve a market size of USD 405.4 Billion by 2030 growing at a CAGR of 5.6% from 2022 to 2030. The increased consumption of chemicals in various end-use sectors such as agriculture, automotive, pharmaceuticals, construction, as well as textiles is driving the worldwide chemical distribution market growth to new heights. Furthermore, the integration of cutting-edge technologies among end-use sectors will drive the overall expansion of the chemical distribution market value.
Chemical Distribution Market Report Key Highlights
Chemical distribution involves the storage and transportation of mass and packaged chemicals. These are frequently supplied via pipelines, barrels, containers, and sacks. The chemical business manufactures a wide range of chemicals as raw materials for manufacturing sectors such as oil and petroleum, food, building construction, textile, cosmetics, paint, and agriculture. A wide range of specialty and commodity chemicals are available through distributors worldwide.
Global Chemical Distribution Market Trends
Chemical Distribution Market Report Coverage
|Market||Chemical Distribution Market|
|Chemical Distribution Market Size 2021||USD 253.1 Billion|
|Chemical Distribution Market Forecast 2030||USD 405.4 Billion|
|Chemical Distribution Market CAGR During 2022 - 2030||5.6%|
|Chemical Distribution Market Analysis Period||2018 - 2030|
|Chemical Distribution Market Base Year||2021|
|Chemical Distribution Market Forecast Data||2022 - 2030|
|Segments Covered||By Product, End-Use, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Univar, Inc., Quimidroga, Helm AG, Safic-Alcan, Brenntag AG, ICC Chemicals, Inc., Stockmeier Chemie, Nexeo Solution Holding LLC, Barentz B.V., Ashland, Inc., Omya AG, BASF SE, Azelis Holding S.A., Solvadis, TER Group, and Jebsen& Jessen Offshore Pte. Ltd.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
The business is driven by the developing consumer demand for services and a reachable supply chain network. Also, increasing need from end-use enterprises including electronics, construction, infrastructure, automotive, and pharmaceuticals is expected to support the market development. The chemical industry produces and supplies fundamental raw materials to organizations in the industrial and manufacturing sectors. These products can be conveyed to the clients or consumers by pipelines, containers, barrels, sacks, or small packages.
Carbon emission reduction is one of the principal needs of wholesalers. M&As by worldwide merchants can be seen as merging endeavors and have generally been compelling in accomplishing economies of scale and focusing on particular sales strategies and justifying the wholesaler base. Expanding offers of claim-to-fame organizations and advancements being developed of green building squares are key variables driving business development. Contrasted with developing markets, the effect of this factor is higher in developed economies because of technological sophistication in R&D endeavors by household makers.
Chemical Distribution Market Segmentation
The worldwide chemical distribution market segmentation is based on the product, end-user, and geography.
Chemical Distribution Market By Product
According to a chemical distribution industry analysis, the commodity chemicals segment is expected to gain substantial market focus in 2021. The commodity chemicals segment comprises plastics & polymers, explosives, petrochemicals, synthetic rubber, and other products such as bulk fibers, polymers, and basic organic products or aromatics. Commodity compounds led the worldwide supply environment due to their widespread application in a variety of important end-use industries, including construction, electronics, automotive, as well as consumer goods.
Chemical Distribution Market By End-user
According to the chemical distribution market forecast, the construction sector leads the market and is predicted to develop significantly in the coming years. This is due to the rapid expansion of the construction and building industries in emerging economies. During the projected period, this category is expected to rise due to rising industrialization and urbanization in developing regions.
Chemical Distribution Market Regional Outlook
The Middle East & Africa
Asia-Pacific Holds The Lion's Share Of The Global Chemical Distribution Market
Due to the increase in chemical production and consumption, Asia-Pacific leads the chemical distribution industry. Furthermore, an increase in per capita purchasing power will fuel the region's chemical distribution market expansion during the projection period. North America is expected to recognize a significant rate of development in the chemical distribution industry due to the rising manufacturing capabilities of large chemical manufacturers. Furthermore, the creativity and innovative facilities are expected to support the expansion of the region's chemical distribution industry in the future years.
Chemical Distribution Market Players
Some of the top chemical distribution market companies offered in the professional report include Univar, Inc., Quimidroga, Helm AG, Safic-Alcan, Brenntag AG, ICC Chemicals, Inc., Stockmeier Chemie, Nexeo Solution Holding LLC, Barentz B.V., Ashland, Inc., Omya AG, BASF SE, Azelis Holding S.A., Solvadis, TER Group, and Jebsen& Jessen Offshore Pte. Ltd.
The estimated value of global chemical distribution market in 2021 was accounted to be USD 253.1 Billion.
The projected CAGR chemical distribution market during the analysis period of 2022 to 2030 is 5.6%.
The prominent players of the global chemical distribution market are Univar, Inc., Quimidroga, Helm AG, Safic-Alcan, Brenntag AG, ICC Chemicals, Inc., Stockmeier Chemie, Nexeo Solution Holding LLC, Barentz B.V., Ashland, Inc., Omya AG, BASF SE, Azelis Holding S.A., Solvadis, TER Group, and Jebsen& Jessen Offshore Pte. Ltd.
Asia-Pacific held the dominating chemical distribution during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for chemical distribution during the analysis period of 2022 to 2030.
Increased demand from various end-use sectors and growing utilization of bulk & specialty chemicals drives the growth of global chemical distribution market.
Based on product, commodity chemical segment is expected to hold the maximum share of the chemical distribution market.