Chemical As A Service Global Market Report 2024

“Chemical As A Service Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on chemical as a service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for chemical as a service? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chemical as a service market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Chemical Management Services; Chemicals Leasing
• 2) By End User: Agriculture & Fertilizer; Water Treatment & Purification; Metal Parts Cleaning; Paint & Coatings; Industrial Cleaning; Industrial Gases; Other End Users
• Companies Mentioned: Sphera Solutions Inc.; Henkel AG & Co. KGaA; Safechem Europe GmbH; CSC JAKLECHEMIE GmbH & Co. KG; Polikem S. p. A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

The chemicals as a service (CaaS) refer to the transition in chemical organizations' business models from selling a product (paid in weight or volume) to selling a service (paid in proportion of a certain service level). Customers benefit from the cheaper initial investment, predictable costs, and less fuss with product maintenance, while suppliers benefit from increased margins through additional sales of value-added services in the service package (such as insurance or maintenance), scale effects, and customer lock-in.

The main types of chemicals as a service are chemical management services, and chemical leasing. Chemical management services refer to a business model in which a consumer buys chemical services instead of chemicals. CMS assists manufacturers in prioritizing chemical management tasks so that they can be completed more efficiently. The end-users of chemicals as a service include agriculture and fertilizer, water treatment and purification, metal parts cleaning, paint and coatings, industrial cleaning, industrial gases, and other end-users.

The chemical as a service market research report is one of a series of new reports from The Business Research Company that provides chemical as a service market statistics, including chemical as a service industry global market size, regional shares, competitors with a chemical as a service market share, detailed chemical as a service market segments, market trends and opportunities, and any further data you may need to thrive in the chemical as a service industry. This chemical as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chemical as a service market size has grown steadily in recent years. It will grow from $7. 64 billion in 2023 to $7. 92 billion in 2024 at a compound annual growth rate (CAGR) of 3. 6%. The growth in the historic period can be attributed to data-driven solutions, focus on core competencies, cost-efficiency and scalability, demand for customization and flexibility, regulatory compliance and risk mitigation. .

The chemical as a service market size is expected to see strong growth in the next few years. It will grow to $9. 87 billion in 2028 at a compound annual growth rate (CAGR) of 5. 7%. The growth in the forecast period can be attributed to pandemic impact, demand for sustainable solutions, cost-efficiency, shift towards outsourcing, industry vertical expansion, globalization. . Major trends in the forecast period include market diversification, demand for transparency and compliance, remote monitoring and control, focus on green chemistry, rise of circular economy practices, digitalization and industry 4. 0 integration. .

A reduction in chemical consumption is contributing to the growth of the chemicals as a service market. A chemical is consumed when it is converted into another chemical through a chemical process. Lack of collaboration between chemical suppliers and consumers leads to unnecessarily high chemical consumption and the development of hazardous waste. Chemical leasing, which is part of the chemicals as a service paradigm, attempts to increase chemical efficiency while lowering chemical hazards and safeguarding human health. For instance, according to a report published by Department of Chemicals and Petrochemicals, an India-based government agency, utilization of installed capacity for basic major chemicals decreased from 79% in 2020 to 72% in 2021, while for basic major petrochemicals, it decreased from 89. 5% to 83. 6%. A reduction in chemical consumption is expected to propel the chemicals as a service market growth.

The increasing environmental concern is expected to propel the growth of the chemicals as a service market going forward. Environmental concern refers to awareness and concern for the protection of the natural world, including land, sea, air, plants, and animals. Chemicals as a service, or CaaS, contributes to sustainability and environmental concern by reducing carbon emissions. It also contributes to water waste reduction by playing a vital role in wastewater treatment processes, ensuring proper chemical dosing and supervision, and implementing chemical-based industrial water treatment. For instance, in May 2022, according to ReliefWeb, a US-based humanitarian information source on global crises and disasters, 380 billion m3 of municipal wastewater will be produced worldwide each year. The generation of wastewater is anticipated to rise by 24% by 2030 and 51% by 2050. Therefore, the increasing environmental concern is driving the growth of the chemicals as a service market. Major players in the chemical as a service market are Sphera Solutions, Henkel AG & Co. KGaA,Safechem Europe Gmbh, CSC JAKLECHEMIE GmbH & Co. KG, Polikem S. a. s., Quaker Chemical, Hidrotecnik, BASF SE, Haas TCM, and PPG Industries.

Strategic partnerships are a key trend gaining popularity in the chemical as a service market. Major companies operating in chemicals as a service are undergoing partnerships to strengthen their position in the market. For instance, in May 2022, Sphera, Chicago-based*a leading global provider of Environmental, Social, and Governance (ESG) performance and risk management software, data, and consulting services, partnered with BASF Germany-based chemical company. The collaboration makes BASF's methodology and digital solution for automated product carbon footprint (PCF) calculation available in Sphera's Life Cycle Assessment (LCA) software solutions. LCAs assist businesses in better analyzing the effects of their supply chain on their overall carbon footprint and making informed decisions on their path to net zero.

Major companies operating in the chemical as a service market are focused on expanding new range of solutions, such as bioCERTIFIED products, to gain a competitive edge in the market. bioCERTIFIED products refer to a portfolio of chemical management services that aim to provide customers with the benefits of chemicals and their functions and applications without purchasing the chemicals themselves. For instance, in March 2022, Spectrum Chemical Mfg. Corp., a US-based provider of fine chemicals, laboratory equipment, and supplies, announced the expansion of its range of chemicals for biopharmaceutical manufacture and its fast-expanding bioCERTIFIED quality management system by adding 12 additional products. The new products are sucrose (beet-derived), USP-NF (United States Pharmacopeia and the National Formulary), EP (European Pharmacopoeia), JP (Japanese Pharmacopoeia), ChP (Chinese Pharmacopoeia), a sugar or carbohydrate for upstream cell culture and downstream final fill, and sodium chloride UPS, EP, an inorganic salt that is a mainstay in bioprocessing with numerous applications ranging from cell culture to downstream purification and polishing. BioCERTIFIED products undergo extensive in-house testing in cGMP-compliant facilities and provide a wide range of product and packaging options for biopharmaceutical R&D, scale-up, and production. They also eliminate batch-to-batch unpredictability through change control, batch traceability, and supply chain transparency.

In October 2022, Safex Chemicals India Ltd., an India-based agro-chemical firm, acquired Briar Chemicals for $90 million. The addition of Briar to Safex's crop protection business strengthens its position in the global agrochemicals market. This acquisition reflects the company's strategy for global expansion in step with the substantial growth of the worldwide agrochemicals market. Briar Chemicals is a UK-based chemicals company that provides customers with access to chemicals and chemical services on a subscription basis.

Major companies operating in the in the chemical as a service market report are Sphera Solutions Inc., Henkel AG & Co. KGaA, Safechem Europe GmbH, CSC JAKLECHEMIE GmbH & Co. KG, Polikem S. p. A., Diversey Holdings Ltd., Ecolab Inc., BASF SE, Haas Group International Inc., Hidrotecnik S. A., PPG Industries Inc., Quaker Chemical Corporation, The Chemours Company, Solvay SA, Dow Inc., Huntsman Corporation, Akzo Nobel NV, Clariant AG, Evonik Industries AG, Lanxess AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., Wacker Chemie AG, Arkema S. A., Ashland Global Holdings Inc., Croda International Plc, Eastman Chemical Company, FMC Corporation, Givaudan SA, Lonza Group Ltd.

North America was the largest region in the chemical as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the chemical as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The chemicals as a service (CaaS) market consists of revenues earned by entities by providing closed loop systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.