REPORT HIGHLIGHT
Chemical Distribution Market size was valued at USD 250,342.4 Million in 2022, expanding at a CAGR of 7.1% from 2023 to 2030.
Chemical distribution services give companies a vital conduit to smaller customers in underdeveloped areas. Chemical distributors help chemical companies reach new markets, which contributes to the expansion of the chemical industry globally.
Chemical Distribution Market- Market Dynamics
Increasing demand from end-use industries, including construction, pharmaceuticals, polymers is to propel market demand
The market is mainly driven by the growing usage of chemicals throughout several end-use sectors, such as plastics, polymers & resins, construction, and pharmaceuticals. Chemical manufacturers provide essential raw materials to companies in the manufacturing and industrial sectors. Producers either sell these raw materials directly to consumers or have other parties distribute them. As value-added services such as packaging, shipping, waste disposal, blending, inventory control, and technical training have been outsourced, third-party shipping of specialty and commodity chemicals is expected to develop much faster than selling directly to end users. Chemical distributors help chemical companies reach new markets, which contributes to the expansion of the chemical industry globally. These days, emerging markets such as those in Latin America, Africa, Asia Pacific, and the Middle East region are very important because they have the potential to see great growth in the chemical industry.
Chemical Distribution Market- Key Insights
- As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.1% over the forecast period (2023-2030)
- Based on Product segmentation, commodity chemicals segment was predicted to show maximum market share in the year 2022, owing to high demand from automotive and transportation sector.
- Based on Application segmentation, pharmaceutical segment was the leading Product in 2022, mainly due to high demand from polymer, packaging, and industrial sector.
- Based on End-User segmentation, manufacturing segment was the leading segment in 2022, mainly due to high demand from industrial manufacturing for chemicals.
- On the basis of region, Asia Pacific was the leading revenue generator in 2022, owing to presence of large number of chemical companies across China and India.
Chemical Distribution Market- Segmentation Analysis:
- The Global Chemical Distribution Market is segmented on the basis of Product, Application, End-User, and Region.
- The market is divided into two categories based on Product: specialty chemicals, and commodity chemicals. The commodity chemicals segment dominates the market. The increasing demand for chemicals from automotive and transportation for downstream chemicals.
- The market is divided into four categories based on Application: Petrochemicals, pharmaceuticals, biotechnology, and others. The pharmaceuticals segment dominates the market and is likely to maintain its dominance during the forecast period. High demand for chemical for pharma manufacturing is boosting segment growth.
- The market is divided into six categories based on End-User: automotive & transportation, manufacturing, textiles, electrical & electronics, downstream chemicals, and others. The manufacturing segment dominates the market and is likely to maintain its dominance during the forecast period. The growing demand for chemicals in industrial products manufacturing is flourishing the market growth.
Chemical Distribution Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Chemical Distribution Market- Competitive Landscape:
Several industry participants are practicing strategies like investments, collaborations, acquisitions, and mergers to increase their market share. Companies are also investing financial resources to enhance their products. They are also concentrating on keeping their prices competitive. Furthermore, it is projected that increasing globalization would push domestic and foreign manufacturers of all sizes to form strategic alliances to achieve structurally efficient cost, market share, and competitive advantage.
Recent Developments:
- In June 2023, IMCD purchased 100% of the company of the specialty distributor Brylchem Pte Ltd to enlarge its presence in Southeast Asia.
- In June 2023, Brenntag purchased Shanghai Saifu Chemical Development Co., Ltd. Further, In China and is a significant step in boosting its specialty chemicals product portfolio.
- In March 2023, Brenntag purchased Aik Moh Group to advance its creation and delivery of industrial chemicals and provide value-added services.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CHEMICAL DISTRIBUTION MARKET KEY PLAYERS
- Univar Solutions Inc.
- Helm AG
- Brenntag AG
- Ter Group
- Barentz
- Azelis
- Safic Alan
- ICC Industries, Inc.
- Jebsen & Jessen Pte. Ltd.
- Quimidroga
- Solvadis Deutschland GmbH
- REDA Chemicals
- IMCC
- Ashland
- Caldic B.V.
- Others
GLOBAL CHEMICAL DISTRIBUTION MARKET, BY PRODUCT
- Specialty chemicals
- Commodity chemicals
GLOBAL CHEMICAL DISTRIBUTION MARKET, BY APPLICATION
- Petrochemicals
- Pharmaceuticals
- Biotechnology
- Others
GLOBAL CHEMICAL DISTRIBUTION MARKET, BY END-USER
- Automotive & transportation
- Manufacturing
- Textiles
- Electrical & electronics
- Downstream chemicals
- Others
GLOBAL CHEMICAL DISTRIBUTION MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA