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Chemical Distribution Market

Chemical Distribution Market

Chemical Distribution Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

150

Base Year:

2022

Date

Mar - 2023

Format:

PDF XLS PPT

Report Code:

VMR-2042

Segments Covered
  • By Product By Product Specialty Chemicals (CASE, Agrochemicals, Electronic, Construction, Specialty Polymers & Resins, Personal Care & Pharmaceuticals, and Other Specialty Chemicals), Commodity Chemicals (Plastic & Polymers, Synthetic Rubber, Explosives, Petrochemicals, and Other Commodity Chemicals)
  • By End-Use By End-Use Specialty Chemicals (Automotive & Transportation, Construction, Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Pharmaceuticals, & Other Specialty Chemical End-uses), Commodity Chemicals (Downstream Chemicals, Textile, Electrical & Electronics, Automotive & Transportation, Industrial Manufacturing, & Other Commodity Chemicals End-uses)
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 248.9 Billion
Revenue 2030Revenue 2030: USD 394.4 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 6.8%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Chemical Distribution Market Share

The global Chemical Distribution Market is valued at USD 248.9 Billion in 2023 and is projected to reach a value of USD 394.4 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 6.8% between 2023 and 2030.

Premium Insights

Chemical distribution refers to the movement and storage of packaged and bulk chemicals. These compounds' most common delivery methods include pipes, containers, barrels, and sacks. Due to increased chemical usage in industries like construction, pharmaceuticals, polymers & resins, and plastics, the market for chemical distribution is anticipated to overgrow throughout the forecast period. The breadth of the global market will expand as there are an increasing number of value-added services offered, such as packaging, shipping, waste disposal, blending, inventory management, and technical training. Producers sell essential raw materials directly to companies in the manufacturing and industrial sectors. The global chemical distribution market will continue to expand due to rising demand from various end-user industries, including the oil and petroleum, cosmetics, food, textile, paint, building construction, and agricultural sectors.

Chemical distribution is a vital link between producers and their smaller, less developed clientele. The increasing presence of chemical companies entering new markets is responsible for the market's expansion. During the projection period, emerging markets in Asia Pacific, the Middle East, Africa, and Africa are anticipated to expand the market's reach for chemical distribution. The market's space is also developing as customer demand shifts in favor of needing luxury goods. Growing globalization forces domestic and foreign manufacturers to form strategic alliances to reduce costs, increase market share, and improve competitiveness.

Chemical distributors provide their services at a lower cost, making it easier for chemical producers to deliver their goods to emerging and new markets. These distributors frequently combine their services to provide consumers in less developed regions with chemicals. However, it is anticipated that rising employee safety demands will restrain the expansion of the global market. Additionally, during the projected period, the growing pressure from various organizations to reduce industrial growth and chemical use in the environment may hinder the global Chemical Distribution market.

Chemical Distribution Market Size, 2022 To 2030 (USD Billion)

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Economic Insights

It's expected that central banks would increase interest rates all around the world in response to inflation. The interest rate increase is unique compared to trends over the last 50 years. This indicates that a recessive disease is expected to appear in 2023. The ongoing confrontation between Russia and Ukraine began in 2014 and is still strong. However, Russia achieved unjustified gains when Russian forces entered Ukrainian territory in February 2022. Due to Russian troops and artillery barrages, civilian casualties on the Ukrainian side have risen since then. Due to the ongoing conflict's historic and enormous shock to the world's energy and resource markets, the global economy is projected to continue to decline in the coming years.

Top Market Trends

Report Coverage & Deliverables

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  • Rapidly Growing Chemical Industry: During the forecast period, the rapidly expanding worldwide chemical industry, which has a variety of end users, is anticipated to emerge as the key driver of the Chemical Distribution market. As an illustration, the OMV Group's building of a new petrochemical facility and other development strategies will accelerate the market's growth during the projection period.
  • Growing Demand for Rechargeable Supply Chain: During the projection period, increasing demand for rechargeable supply chains from various end users would support the expansion of the worldwide chemical distribution market. A rise in demand across several end-use industries, including automotive, electronics, building, infrastructure, and pharmaceutical, will contribute to long-term market expansion.
  • Augmented Applications to Propel Market Growth: There is a growing demand from diverse industries like automotive, pharmaceutical, and electronics. Furthermore, the expanding industrial manufacturing sector will contribute to the global market share. Recent studies have shown an increasing preference for third-party distribution channels that offer greater flexibility. In addition, international distributors are adopting various strategies, such as enhancing product knowledge, leveraging regional and local expertise, and establishing reliable logistical networks to gain a competitive advantage in the market. These factors will positively impact the global Chemical Distribution market in the forecast period.
  • Increased Focus on Bulk Materials: During the forecast period, the Middle East, particularly Qatar, Dubai, and Saudi Arabia, is anticipated to witness a rise in the demand for specialty and bulk materials across several industries, including oil & gas, petroleum, and construction.

Market Segmentation:

The Chemical Distribution market can be categorized as Product, End-Use, and Region. The market can be segmented across Specialty Chemicals and Commodity Chemicals based on Product. In addition, based on End-User, the market can be fragmented across Specialty Chemicals and Commodity Chemicals. Likewise, the market is segmented based on Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

Based on Product

Commodity Chemicals to Occupy Largest Market Share Owing to Increased Utilization Within Transportation & Personal Care

Regarding growth and market share, the commodity chemicals category is anticipated to dominate the Chemical Distribution market globally. The segmental growth will be expanded by increased use of these chemicals in various end-use industries, including transportation, automotive, and personal care, as well as rising demand for high-performance and customized commodity chemicals. Coatings, adhesives, sealants, elastomers (case), polymers, building materials, lubricant additives, and other materials, such as surfactants and industrial gases, are some commodities that are heavily used on a more significant volume. These compounds are widely used in various end uses, including textiles, electronics, buildings, medications, and cars. These elements will contribute to segmental expansion.

Based on Application:

Commodity Chemicals to Register Largest Market Share Owing to Increased Utilization Within Automotive, Construction, Agriculture, and Consumer Goods Sector

Commodity chemicals are used in industrial manufacturing processes to a significant extent. During the projected period, industrial manufacturing is anticipated to use and produce more adhesives, sealants, institutional & industrial cleansers, and high-performance thermoplastics. These substances are used to finish fuel additive solutions, treat processes, and treat water. The segmental value will increase with the increased use of commodity chemicals in modern automobile paints, bumpers, headlights, interior seats, dashboard components, and safety systems like seatbelts and airbags. The fastest CAGR growth is anticipated for specialty chemicals due to their increasing use in consumer products, medicines, agriculture, construction, and agriculture. Due to increasing industrialization, urbanization, and the building industry's rapid growth, the construction industry will continue to dominate the specialized chemicals market.

Based on Region

Asia Pacific accounted for the most significant Revenue.

Asia Pacific is anticipated to grow faster than any other region during the projected period, dominating the worldwide chemical distribution market. The area economy will increase due to rising demand from various end-user industries, such as the automobile, pharmaceutical, mining, cosmetic, and plastic additive industries. These demands are increasing, particularly from developing nations like Australia, China, and India. Industrial manufacturing is expanding at an astounding rate in countries with economies like Japan, South Korea, Australia, and India. This is anticipated to help the market for chemical distribution in the Asia Pacific region. There is a sizable chemical industry in the area. The latter region will also have sustainable market expansion due to growing industrialization.

Due to increasing regional production capacity, North America is anticipated to see the highest CAGR during the projection period. The region's market will expand due to abundant producers and manufacturers, straightforward financing options, continued labor market improvements, and expanding feedstock supplies.

Competitive Landscape:

The global Chemical Distribution industry is highly fragmented due to numerous players possessing a higher level of competition. The dominant players are focused on constantly adopting various growth strategies to stay at the top with a higher level of operability. Techniques such as product launches, innovations, mergers & acquisitions, and collaborations were critical to the intense competitive landscape.

The global Chemical Distribution market's key players include Univar Solutions Inc.; Helm AG; Brenntag AG; Ter Group; Barentz; Azelis; Safic Alan; ICC Industries, Inc., Jebsen & Jessen Pte. Ltd.; Quimidroga; Solvadis Deutschland GmbH; Ashland; Caldic B.V.; Wilbur Ellis Holdings, Inc.; Omya AG; IMCD; Biesterfeld AG; Stockmeier Group; REDA Chemicals; Manuchar among others.

Recent Market Developments

  • July 2022: NexusBioAg, a division of Univar Solutions, and MustGrow Biologics announced reaching an exclusive marketing and distribution agreement in the Canadian canola and pulse market for TerraMGTM, a mustard-derived soil biological product. With the advent of plant-based technology, NexusBioAg's wide range of inoculants, micronutrients, nitrogen stabilizers, and folders for the Canadian agricultural industry is expected to be diversified.
  • July 2022: Calumet Speciality Products and Univar B.V., a division of Univar Solutions, Inc., a multinational distributor of chemicals and ingredients that has been expanded across Europe, reached a distribution arrangement. Within Europe, Univar Solutions granted their clients access to additional Calumet products with various viscosity and solvency properties in the lubricants, metalworking fluids, and adhesives industries.

Segmentation of the Global Chemical Distribution Market

Parameter Details
Segments Covered

By Product

  • Specialty Chemicals (CASE, Agrochemicals, Electronic, Construction, Specialty Polymers & Resins, Personal Care & Pharmaceuticals, and Other Specialty Chemicals)
  • Commodity Chemicals (Plastic & Polymers, Synthetic Rubber, Explosives, Petrochemicals, and Other Commodity Chemicals)

By End-Use

  • Specialty Chemicals (Automotive & Transportation, Construction, Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Pharmaceuticals, & Other Specialty Chemical End-uses)
  • Commodity Chemicals (Downstream Chemicals, Textile, Electrical & Electronics, Automotive & Transportation, Industrial Manufacturing, & Other Commodity Chemicals End-uses)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Univar Solutions Inc. (U.S.)
  • Helm AG (Germany)
  • Brenntag AG (Germany)
  • Ter Group (Germany)
  • Barentz (Mexico)
  • Azelis (Luxembourg)
  • Safic Alan (France)
  • ICC Industries Inc. (U.S.)
  • Jebsen & Jessen Pte. Ltd. (Singapore)
  • Quimidroga (Spain)
  • Solvadis Deutschland GmbH (Germany)
  • Ashland (U.S.)
  • Caldic B.V. (Netherlands)
  • Wilbur Ellis Holdings Inc. (U.S.)
  • Omya AG (Switzerland)
  • IMCD (Netherlands)
  • Biesterfeld AG (Germany)
  • Stockmeier Group (Germany)
  • REDA Chemicals (UAE)
  • Manuchar (Belgium)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Chemical Distribution valued at USD 248.9 Billion in 2022 and is expected to reach USD 394.4 Billion in 2030 growing at a CAGR of 6.8%.

  • The prominent players in the market are Univar Solutions Inc. (U.S.), Helm AG (Germany), Brenntag AG (Germany), Ter Group (Germany), Barentz (Mexico), Azelis (Luxembourg), Safic Alan (France), ICC Industries Inc. (U.S.), Jebsen & Jessen Pte. Ltd. (Singapore), Quimidroga (Spain), Solvadis Deutschland GmbH (Germany), Ashland (U.S.), Caldic B.V. (Netherlands), Wilbur Ellis Holdings Inc. (U.S.), Omya AG (Switzerland), IMCD (Netherlands), Biesterfeld AG (Germany), Stockmeier Group (Germany), REDA Chemicals (UAE), Manuchar (Belgium).

  • The market is project to grow at a CAGR of 6.8% between 2023 and 2030.

  • The driving factors of the Chemical Distribution include

    • Rising chemical consumption in a variety of end-use industries

  • Asia Pacific was the leading regional segment of the Chemical Distribution in 2022.