The global chemical distribution market is projected to develop with 6.2% CAGR during the forthcoming years and the market is foretold to reach USD 318.4 billion by 2026.
The business is driven by the developing consumer demand for services and 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 endeavours and have generally been compelling in accomplishing economies of scale and focus on particular sales strategies, and justifying wholesaler base. Expanding offers of claim to fame organizations and advancements being developed of green building squares are key variables driving the business development. Contrasted with developing markets, the effect of this factor is higher in developed economies because of technological sophistication in R&D endeavours by household makers.
Commodities, for example, petroleum distillates or polymers, contributed over USD 115 billion in revenues for the year 2018. Amid a similar period, CASE (coatings, adhesives, sealants and elastomers) segment was esteemed at over USD 40 billion. Appeal from end-use enterprises, for example, construction, automotive, and pharmaceuticals, is probably going to drive the segment.
Market By Product
Market By End-user
Market By Geography
Regarding revenue, North America represented 11.5% of the worldwide business in 2018. The region is foreseen to observe a huge development in coming years attributable to major demand-supply rebalancing and feed stock advantages revitalizing the market. The market in U.S. has operational money saving advantages from shale gas feed stock post financial recuperation and in this way enhances the gainfulness of concoction organizations in the business, pulling in provincial firms from different economies.
Monetary components, for example, ongoing breakdown in Eurozone, brought about financial insecurity and creating opportunity for chemical distributors to investigate abroad market in recuperation stage to support their development. The demand in Central and Eastern Europe (CEE) is relied upon to observe a consistent development from 2018 to 2025. The region market is foreseen to observe overwhelming demands in effective cargo channels, for example, rail, ports, and inland conduits by virtue of EUs transport infrastructure advancement strategies.
The important companies operating in the world-wide chemical distribution market are IMCD Group; Univar, Inc.; Quimidroga; Helm AG; Safic-Alcan; Brenntag AG; Biesterfeld AG; ICC Chemicals, Inc.; Stockmeier Chemie; Nexeo Solution Holding LLC; REDA; Barentz B.V.; Ashland, Inc.; Omya AG; BASF SE; Azelis Holding S.A.; Solvadis; TER Group and Jebsen& Jessen Offshore Pte. Ltd.
The global chemical tanker shipping market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 250,562.6 Mn by 2026. Chemical tanker shipping refers to the constructed ships for carrying liquid chemicals in bulk. These chemical tankers are required to fulfill safety aspects because many chemicals are flammable and toxic. Additionally, these tankers are required mandatory comp
The global specialty chemicals market is expected to reach value of around US$ 301 Bn by 2026 and is anticipated to grow at a CAGR of around 4.8% in terms of revenue during the forecast period 2019 to 2026. Specialty chemicals are special type of chemicals which are produce as per the requirement of diverse industry sectors such as cosmetic, food, textile, construction chemical etc. A complex, interlinked indu
The global nitrile butadiene rubber (NBR) latex market value is expected to reach around US$ 2860.1 Mn by 2026, growing at a CAGR of 15.4% over the forecast period 2019 to 2026. Nitrile butadiene rubber (NBR) latex is a type of synthetic latex in liquid form with milky color. It’s a part of unsaturated acrylonitrile and butadiene copolymers family. NBR latex properties include excellent tensile strength
The global peptide synthesis market is expected to grow at significant CAGR of 6.6% over the forecast period 2019 to 2026 and reach around more than USD 400 million by 2026. Peptides are organic molecules of a peptide (amide) bound amino acids. Peptide synthesis is the mechanism by which a carboxylic acid from one amino acid is compressed into the amino group of another, forming sh
The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl
The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne