Press release
Chemical Distribution Market: By Geographical Statistics, CAGR, Trends And Growth Forecast To 2033
Chemical Distribution Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the chemical distribution industry. This report on chemical distribution market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
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
Market Drivers:
According to the Chemical distribution Market Report 2024 by The Business Research Company, the growing construction industry is expected to boost the growth of the chemical distribution market going forward. The construction industry refers to a sector of the economy that encompasses the planning, design, development, and execution of various physical structures, buildings, and infrastructure projects. The construction industry relies on a diverse range of chemicals, including concrete admixtures, bonding agents, sealants, coatings, and more. These chemicals are essential for various construction applications, from structural stability to aesthetics.
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Market segments for chemical distribution include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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