Third-party Chemical Distribution Market is to grow at 5.2% CAGR, with Europe leading the market through 2030

Third-party Chemical Distribution Market is expected to reach USD 364.90 Bn by 2030, The Third-party Chemical Distribution Market is driven by the demand for chemicals increases, thus boosting the third-party chemical distribution market.

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Third-party Chemical Distribution Market to Hit USD 364.90 Bn by 2030

The Third-party Chemical Distribution Market was USD 255.89 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.2 % from 2023 to 2030, reaching USD 364.90 Bn by 2030. To increase productivity and save operating expenses, chemical producers are increasingly choosing to contract with outside logistics companies to handle the distribution process. Chemical manufacturers are increasingly opting to hire outside logistics firms to manage the distribution process to boost efficiency and reduce operating costs. Third-party distributors may enhance their supply chain operations by utilizing cutting-edge technology like cloud-based software, data analytics, and Internet of Things-based inventory tracking. By 2030, the chemical distribution market in the United States is projected to grow to a value of USD 49.99 billion.

Third-party Chemical Distribution Market Segmentation

By Type: Domestic Chemical Distribution refers to the practice of distributing chemicals in a particular nation or area with an emphasis on regional producers, businesses, and consumers. Products are supplied inside the same nation, which reduces lead time speeds up delivery, and also lowers the cost. International Chemical Distribution involves transporting chemicals across national boundaries to meet the needs of international producers and clients in various nations or areas.

By Service: Chemical Storage is used to describe the safe and secure storage of chemicals before their distribution to final consumers. Chemical handling involves the physical procedures of moving, combining, packing, and readying chemicals for transit or end-user. Specialized trucks and packaging are necessary for the safe delivery of chemicals. These consist of containers, bulk vehicles, and tankers. To guarantee appropriate storage, the Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) were founded in the United States.

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Third-party Chemical Distribution Market Regional Analysis

The United States has a substantial manufacturing base, especially in sectors like construction, electronics, automotive, and plastics. The United States has a well-established chemical transportation and logistics infrastructure, which includes major ports, railroads, and highways. New York, Pennsylvania, and New Jersey are important marketplaces.

Germany, As Europe is one of the leading chemical-producing nations, Germany plays a vital role in the global chemical distribution network. Germany is a prominent player in the European Union (EU) healthcare market, and the pharmaceutical industry is a big user of specialized chemicals. Hamburg and Rotterdam are the key logistics hubs for chemical distribution.

China is the largest producer in the world, China's chemical distribution industry caters to sectors including plastics, electronics, automotive, construction, and medicines. Through organizations like the China National Chemical Corporation (ChemChina) and the State Administration for Market Regulation (SAMR), the Chinese government controls the chemical distribution industry.

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Third-party Chemical Distribution Market Competitive Landscape

Univar Solutions (USA): Univar Solutions acquired Nexeo Solutions for a $5 billion deal. For about $225 million, Univar purchased the Chemical Distribution Business from Huntsman Corporation. Univar Solutions acquired Rex Chemicals and Quimisa.

Brenntag (Germany): In 2021, For €4.1 billion, Brenntag announced that it will acquire IMCD, a major international distributor of food ingredients and specialized chemicals. Brenntag also acquired Seelbach and Chemikalien Service GmbH.

Sinochem International Corporation (China): SIC acquired Nanjing Chemical Industry Group. Sinochem acquired Adama Agricultural Solutions for $2.5 billion. Sinochem International Corporation and Chevron formed a joint venture.

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Conclusion

The market is divided into two segments: domestic and international distribution. International distribution is crucial for facilitating connections between producers and end consumers in various regions.
The demand for chemical distribution networks to serve their developing industries is increasing as emerging markets in Latin America and Africa gain prominence.

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