The global chemical distribution market size was USD 244.47 Billion in 2022 and is expected to register a revenue CAGR of 2.7% over the forecast period, according to the latest report by Reports and Data.
The globalisation of the chemical industry and increased international commerce are likely to boost revenue growth in the chemical distribution market. Manufacturers’ preference for outsourcing chemical distribution services is driving market revenue development. The need for third-party chemical distribution services is predicted to increase as more manufacturers focus on their core competencies. Just-in-time delivery, access to a wider range of goods, and lower storage and transportation costs are just a few of the benefits offered by the chemical distribution sector.
Also, it is expected that increasing digitization in the chemical distribution industry would fuel global revenue growth. A few advantages of digitalization include real-time tracking, inventory management, and supply chain effectiveness. Furthermore, anticipated to fuel market revenue development is the e-commerce and online marketplace boom. Online marketplaces provide a lot of benefits, including ease of use, access to a wide range of products, and reasonable rates.
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Some of the prominent players profiled in the global chemical distribution market include Brenntag AG, Univar Solutions Inc., Nexeo Solutions Inc., Azelis S.A., IMCD N.V., Biesterfeld AG, Safic-Alcan Grou, HELM AG, Ravago Chemicals, and KPL International Limited.
Some Key Highlights from the Report
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For the purpose of this report, Reports and Data has segmented the global chemical distribution market on the basis of Type Outlook, Application Outlook, and Regional Outlook:
Type Outlook (Revenue, USD Billion; 2022 – 2032)
Application Outlook (Revenue, USD Billion; 2022 – 2032)
Regional Outlook (Revenue, USD Billion; 2022-2032)
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