The Global Chemical Distribution Market size is estimated to be USD 228.33 billion in 2019 and is predicted to reach USD 374.47 billion by 2030 with a CAGR of 4.6% from 2020-2030.
The chemical industry offers important raw materials and supplies for companies in the industrial and manufacturing sectors. Its diverse set of more than 100,000 products includes polymers, petrochemicals, solvents and customized specialty and application-driven chemicals required for the food or cosmetic industry. The chemical distribution process involves logistics, sales, and transportation of chemicals. It provides value-added services such as mixing, blending, packaging, inventory management, formulation, and waste removal to customers.
Some of the protruding trends that the market is observing include high growth in developing economies and key vendors entering partnerships. Moreover, apart from the basic functions of selling and transporting chemicals, distributors also provide additional services such as managing customer inventories, imparting technical training, waste removal, etc. Furthermore, distributors also support the suppliers to penetrate into the market, increase their market share and forecast demand. The chemicals are transported to various vendors or directly transported to third-party chemical distributors that source the chemicals to end-users. In 2017, chemical product price started to progress, which have a positive impact on chemical distribution market.
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Competitive Landscape:
Comprehensive competitive analysis and profiles of major market players such as Helm AG, Univar Inc., Brenntag AG, Barentz B.V., Nexeo Solutions Holdings LLC, ICC Chemicals Inc., Safic-Alcan, Azelis Holding S.A, Omya AG, Biesterfeld AG, and IMCD Group is also provided in this chemical distribution market report.
Market Dynamics and Trends:
Rising demand from the Asia Pacific region is the major factor driving the market growth. Supported by strong growth, the region has perceived a shift in consumer demand for wider range of products with higher quality. Moreover, growing demand for bulk and specialty chemicals for oil, gas and petroleum industries is expected to boost the market growth during the forecast period. However, major challenge for the market is rising stringent health and environmental regulations which interpreted into increased compliance cost for distributors.
With increasing concerns regarding safety issues, many chemical distributors are concentrating on accepting sustainability practices in their operations in order to uphold credibility among their suppliers. The distributor’s requirement to have suitable procedures and policies to ensure proper management of the suppliers’ products up to the end-use. The market has been very attractive since the world of cooperation between chemical companies, universities and the government become very mature especially in the North America. India and China are anticipated to become new areas of development as China has mature infrastructure, coupled with India has advantages in language. Hence, both will lead Asia go health and mature.
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Market Segmentations and Scope of the Study:
The chemical distribution market share is analysed on the basis of type and geography. On the basis of type, the market is segmented into mixing, manufacturing, technical and safety training, packaging, and waste removal. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.
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