Chemical Distribution Market Size is Expected to Reach at USD 405.4 Billion by 2030, Registering a CAGR of 5.6%, Owing to Globalization of the Chemical Industry
The Global Chemical Distribution Market Size is predicted to reach USD 405.4 Billion by 2030 from USD 253.1 Billion in 2021, at a CAGR of 5.6% between 2022 and 2030, as per the Acumen Research and Consulting
The chemical distribution market is constantly evolving, driven by factors such as advances in technology, changes in regulations, and shifts in global economic conditions. In recent years, there has been an increased focus on sustainability and the use of renewable resources, as well as a growing demand for specialized and niche chemicals. The market is also being impacted by e-commerce and digitalization, with more companies turning to online platforms to sell and distribute their products. As a result, the chemical distribution market is becoming increasingly competitive and dynamic, with new players entering the market and existing ones adapting their business models to stay ahead of the curve.
Chemical distribution refers to the process of buying and selling chemicals to customers. This typically includes sourcing chemicals from manufacturers, storing and transporting them, and then selling them to customers such as manufacturers, researchers, and other distributors. The market for chemical distribution is growing due to several factors. One is the increasing demand for chemicals in various industries such as construction, healthcare, and energy. Additionally, the growth of e-commerce and online platforms has made it easier for distributors to connect with customers and expand their reach. Furthermore, the increasing globalization of the chemical industry has led to more opportunities for chemical distribution companies to expand internationally.
Chemical Distribution Market Statistics
- Global chemical distribution market revenue collected USD 253.1 Billion in 2021, with a 5.6% CAGR between 2022 and 2030
- Asia-Pacific chemical distribution market value gathered more than USD 149.3 Billion in 2021
- By product, the commodity chemicals category capture over 60% of total market share in 2021
- Univar Inc. is a chemical distribution firm based in the USA that works in over 80 countries and provides a wide range of products and services to customers in a variety of industries
- Growth of e-commerce and online platforms, fuels the chemical distribution market size
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Chemical Distribution Market Trends
The chemical distribution market has been evolving rapidly in recent years, driven by a number of factors including increasing demand for specialty chemicals, growth in the construction and manufacturing sectors, and advancements in technology. The market is also being shaped by trends such as globalization, consolidation, and e-commerce.
One of the most significant trends in the chemical distribution market growth is the increasing demand for specialty chemicals. Specialty chemicals are used in a wide range of industries, including construction, automotive, and electronics, and they typically have higher value and margin than commodity chemicals. As a result, many chemical distributors are focusing on expanding their specialty chemical offerings in order to capture a larger share of the market.
In addition to the growth of specialty chemicals, the chemical distribution market is also being driven by the expanding construction and manufacturing sectors. These industries require a wide range of chemicals, including raw materials and intermediate products, to produce a variety of goods and services. As a result, chemical distributors that serve these sectors are experiencing strong growth.
Technology is also playing an important role in shaping the chemical distribution market. With the increasing use of digital platforms, chemical distributors are now able to reach a wider customer base and streamline their supply chain processes. Additionally, the use of big data and analytics are helping distributors to better understand customer needs and make more informed business decisions.
Chemical Distribution Market Segmentation
Acumen Research and Consulting has segmented the global chemical distribution market by product, and end-user.
- In terms of product, the industry is categorized into commodity chemical (petrochemicals, plastics & polymers, synthetic rubber, explosives, and others), and specialty chemical (personal care active ingredients (PCAI), CASE, specialty polymers & resins (SPR), flavor & fragrances, construction, agrochemicals, and electronic).
- In terms of end-user, the market is divided into commodity chemical (electrical & electronics, textiles, downstream chemicals, industrial manufacturing, automotive & transportation, and others), and specialty chemical (food processing, automotive & transportation, healthcare & pharmaceuticals, industrial manufacturing, construction, textiles, consumer goods, agriculture, and oil & gas mining).
Chemical Distribution Market Regional Overview
The chemical distribution market is divided into five geographic segments: North America, Europe, Latin America, Asia-Pacific, and the MEA. As per the chemical distribution industry analysis, the Asia-Pacific region is currently dominating the global market in 2021, with China and India being the largest markets in the region. This growth is driven by several factors, including the rapidly expanding economies of the region, the increasing demand for chemicals in various industries such as construction and manufacturing, and the growing number of domestic and international players in the market.
Chemical Distribution Market Players
Some of the major chemical distribution market companies are BASF SE, ICC Chemicals, Inc., Jebsen& Jessen Offshore Pte. Ltd., Ashland, Inc., Univar, Inc., Solvadis, Quimidroga, Helm AG, TER Group, Brenntag AG, Stockmeier Chemie, Barentz B.V., Omya AG, Azelis Holding S.A., Safic-Alcan, and Nexeo Solution Holding LLC.
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