Press release
Chemical Distribution Market 2024: Size, Share, Trends, Growth Analysis, and Outlook Through 2033
Chemical Distribution Market
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%. The growth in the forecast period can be attributed to growing need for sustainable chemicals, increasing adoption for e-commerce and digital platforms, increasing focus on green chemistry, global supply chain resilience, and increasing specialty and custom chemicals. Major trends in the forecast period include chemical industry innovation, technological advancements, sustainable solutions, key players' partnerships, cutting-edge solutions launch.
Market Overview -
The chemical distribution refer to a diversified enterprise that serves a variety of industries by providing solutions in the form of specialty or commodity chemicals. Few sectors in which chemical distribution is involved are agriculture, cosmetics, food and feed, pharmaceuticals, construction, and paints and coatings. Chemical distribution includes several activities which include packaging, logistics, warehousing, mixing, blending, formulating, technical assistance, training, recycling, research & development, innovation, and ingredients.
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Expanding Chemical Consumption In Diverse Industries Fuels Chemical Distribution Market Growth
The rising consumption of chemicals across various end-use industries is expected to propel the growth of the chemical distribution market. In industries like construction, various chemical compounds like concrete admixtures, polymer bonding agents, epoxy grouts, and adhesives are used. In the automotive industry, it takes about 10,000 chemicals to manufacture an automobile. An increase in the growth of these other industries is helping the chemical distribution market to grow. For instance, in June 2022, according to an article published by India Brand Equity Foundation, an India-based joint venture between the Confederation of Indian Industry, the Government of India, and the Ministry of Commerce and Industry (Cll), more than 80,000 commercial products are covered by India's chemicals industry, which had a market value of USD 178 billion in 2018-19. Due to rising end-user demand for specialty chemicals and petrochemicals, the industry is predicted to grow at a 9.3% CAGR to reach USD 304 billion by 2025. By 2025, it is anticipated that the specialty chemicals market will be worth $40 billion. Therefore, the rising consumption of chemicals across various end-use industries will propel the growth of the chemical distribution market.
Competitive Landscape -
Major companies operating in the chemical distribution market include 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
Technological Advancements Reshaping The Chemical Distribution Market
Technological advancement are shaping the chemical distribution market. Various advancements like eco-friendly chemical compound due to its engineered chemical structure which act as a non-toxic and safe for environment agent suitable for various applications. For instance, in November 2021, Cosmo Specialty Chemicals, an Indian specialty chemicals company, developed an emulsion that is hydrophilic block silicone. When compared to other traditional non-silicone softeners, it has better softening characteristics due to its lower rotational free energy than C-O bonds. The agent is non-toxic and eco-friendly, and it may be used in a variety of applications while still having a great effect in the textile sector.
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Key Segments -
The chemical distribution market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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