The chemical distribution global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Chemical Distribution Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The chemical distribution market size has grown strongly in recent years. It will grow from $274.49 billion in 2023 to $301.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to industrial growth, increased global chemical trade, increased chemical manufacturing, increased regulatory compliance, growth in demand for supply chain efficiency.
The chemical distribution market size is expected to see strong growth in the next few years. It will grow to $431.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to growing need for sustainable chemicals, increasing adoption for e-commerce and digital platforms, increasing focus on green chemistry, global supply chain resilience, and increasing specialty and custom chemicals. Major trends in the forecast period include chemical industry innovation, technological advancements, sustainable solutions, key players’ partnerships, cutting-edge solutions launch.
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Scope Of Chemical Distribution Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Chemical Distribution Market Overview
Market Drivers –
The rising consumption of chemicals across various end-use industries is expected to propel the growth of the chemical distribution market. In industries like construction, various chemical compounds like concrete admixtures, polymer bonding agents, epoxy grouts, and adhesives are used. In the automotive industry, it takes about 10,000 chemicals to manufacture an automobile. An increase in the growth of these other industries is helping the chemical distribution market to grow. For instance, in June 2022, according to an article published by India Brand Equity Foundation, an India-based joint venture between the Confederation of Indian Industry, the Government of India, and the Ministry of Commerce and Industry (Cll), more than 80,000 commercial products are covered by India’s chemicals industry, which had a market value of USD 178 billion in 2018–19. Due to rising end-user demand for specialty chemicals and petrochemicals, the industry is predicted to grow at a 9.3% CAGR to reach USD 304 billion by 2025. By 2025, it is anticipated that the specialty chemicals market will be worth $40 billion. Therefore, the rising consumption of chemicals across various end-use industries will propel the growth of the chemical distribution market.
Market Trends –
Technological advancement are shaping the chemical distribution market. Various advancements like eco-friendly chemical compound due to its engineered chemical structure which act as a non-toxic and safe for environment agent suitable for various applications. For instance, in November 2021, Cosmo Specialty Chemicals, an Indian specialty chemicals company, developed an emulsion that is hydrophilic block silicone. When compared to other traditional non-silicone softeners, it has better softening characteristics due to its lower rotational free energy than C-O bonds. The agent is non-toxic and eco-friendly, and it may be used in a variety of applications while still having a great effect in the textile sector.
The chemical distribution market covered in this report is segmented –
1) By Product: Specialty Chemical, Commodity Chemical
2) By Type: Pipelines, Containers, Barrels, Sacks
3) By End Use: Transportation, Construction, Agriculture, Textiles, Pharmaceuticals, Industrial Manufacturing, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the chemical distribution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical distribution market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the chemical distribution market include Univar Solutions Inc., HELM AG, Brenntag AG, Azelis Holdings, Omya AG, Biesterfeld AG, Safic-Alcan SAS, Stockmeier Holding GmbH, REDA Chemicals Holding S.A., Ashland Global Holdings Inc., BASF SE, Jebsen & Jessen (SEA) Pte Ltd., Quimidroga S.A., Solvadis Deutschland GmbH, TER HELL & Co. GmbH, IMCD Group, Nexeo Solution Holding, ICC Chemicals, Global Chemical Resources, Royal Vopak NV, KPL International Limited, Parchem Fine & Specialty Chemicals, Ravago Chemicals, KODA Distribution Group, Nordmann Rassmann GmbH, HORN Company, KISCO Ltd, Fitz Chem LLC, Charkit Chemical Company LLC
Table of Contents
1. Executive Summary
2. Chemical Distribution Market Report Structure
3. Chemical Distribution Market Trends And Strategies
4. Chemical Distribution Market – Macro Economic Scenario
5. Chemical Distribution Market Size And Growth
…..
27. Chemical Distribution Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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