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Chemicals Distribution Market Size, Share, and Analysis, By Product (Commodity Chemicals {Plastic & Polymers, Petrochemicals, Explosives, Synthetic Rubber, Others}, Specialty Chemicals {CASE, Construction, Electronic, Agrochemicals, Specialty Polymers & Resins, Personal Care & Pharmaceuticals, Others}), By End-user (Commodity Chemicals {Downstream Chemical, Industrial Manufacturing, Automotive and Transportation, Electrical and Electronics, Textiles, Others}, Speciality Chemicals {Medical & Pharmaceutical, Construction, Industrial Manufacturing, Electronics, Automotive & Transportation, Consumer Goods, Agriculture, Packaging, Energy, Textile, Food & Beverage}) and Regional Forecasts, 2022-2032
Chemicals Distribution Market size was USD 256.72 billion in 2021 and projected to grow from USD 282.2 billion in 2023 to USD 435.4 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period.
Chemicals Distribution provides specific solutions for storage and transportation of chemicals in packaged form across several industries like paints and coatings, pharmaceuticals, agriculture, cosmetics, construction, automobile etc. Chemical distribution services enable an important link between producers and smaller clients in remote areas. Chemicals Distribution involves several operations like packaging, mixing, warehousing, logistics, technical assistance, research & development, etc.
Chemicals Distribution Market is expected to reach USD 435.4 billion, growing at a CAGR of 4.9% during forecast period owing to the increasing importance of chemicals uses as adhesives, bases, acids, and specialty chemicals in protecting against corrosion, and environmental safety. Increasing usage of specialty chemicals like polymers, adhesives, resins, elastomers, etc. for certain formulations along with the development of the chemical business is anticipated to drive the demand for growth of the market.
Chemicals Distribution Market is classified based on the Product into Commodity Chemicals {Plastic & Polymers, Petrochemicals, Explosives, Synthetic Rubber, Others} and Specialty Chemicals {CASE, Construction, Electronic, Agrochemicals, Specialty Polymers & Resins, Personal Care & Pharmaceuticals, Others. Commodity Chemicals segment is expected to dominate the market in the forecast period due to the wide usage of commodity chemicals in several industries.
Chemicals Distribution Market is classified based on the End-user into Commodity Chemicals {Downstream Chemical, Industrial Manufacturing, Automotive & Transportation, Electrical & Electronics, Textiles, Others} and Speciality Chemicals {Medical & Pharmaceutical, Construction, Industrial Manufacturing, Electronics, Automotive & Transportation, Consumer Goods, Agriculture, Packaging, Energy, Textile, Food & Beverage}. Speciality Chemicals segment is expected to dominate the market in the forecast period owing to the increasing industrialization, growing building and construction activities which may aid in growth of segment in the market.
Development of Innovative Measures is Expected to Boost the Market Growth
The chemical distribution market is growing due to the new creative measures developed by chemical distributors to handle supply chains. The utilization of chemicals across end use industries is increasing and is resulting in boosting the growth of chemical distribution market. The requirement of chemical distribution has grown as several complexities were encountered by chemical manufacturers and chemical distribution increases the ease of convenience to enter the new markets by quitting complexity. Value-added services provided by chemical distributors may boost the demand for chemical distribution market in the forecast period
Increasing Necessity of Chemicals is Expected to Boost the Growth of the Market
The high usage of specialty and bulk chemicals by various industries is expected to boost the market growth. The focus of procuring high-quality products had increased which had created growth opportunity for Chemical Distribution Market size. Globalization resulted in combining the manufacturing companies to enter into partnership with key players to get competitive advantage, and to get international consumers. Increasing demand for services like blending, mixing, packaging, inventory management may drive growth of chemical distribution Market. Chemical distributors aid in decreasing distribution cost and helps manufacturers to enter new evolving markets at a asonable cost.
Health Concerns May Restrain the Growth of the Market
Chemicals have a negative impact on the human health which results in skin and eye related problems which may restrain the market growth. The influence of chemicals on environment is high resulting in global warming and increasing pollution levels which is leading to environmental safety issue and may hamper the growth of the chemical distribution market.
Chemicals Distribution Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the chemical distribution market in 2021 due to the fast growth of the industries in this region. The rapid industrialization and globalization had boosted the growth of the chemical distribution market in the past. North America is expected to dominate the market in the forecast period as the industries like construction, automotive, and pharmaceuticals are increasing along with the growing expenditure by the chemical companies which may boost the north America market growth in the forecast period.
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed strict lockdown measures and travel restrictions to control the spread of virus. The manufacturing and distribution operations were delayed due to the uncertainty in the availability of raw materials. Covid-19 had a negative impact on the growth of the Chemicals Distribution market.
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ATTRIBUTE |
DETAILS |
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Study Period |
2018-2032 |
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Base Year |
2022 |
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Forecast Period |
2022-2032 |
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Historical Period |
2019-2021 |
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Growth Rate |
CAGR of 4.9% from 2022-2032 |
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Unit |
Value (USD Billion) |
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Segmentation |
Main Segments List |
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Product |
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End-user |
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By Region |
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Chemicals Distribution Market size was estimated at USD 256.72 billion in 2021 and is expected to reach USD 435.4 billion in 2032.
Commodity Chemicals and Speciaity Chemicals segment accounted for the highest growth rate in the Chemicals Distribution market.
Leading players: Univar AG, Azelis Group, Ravago Group, IMCD Group, HELM AG, Brenntag AG, Tricon Energy Inc., Omya AG, Biesterfeld AG, DKSH Holding AG, Quimidroga SA, Jebsen & Jessen Group, TER GROUP, Lintech International LLC, ICC Chemical Corporation and Other Prominent Players are the leading players in the Chemicals Distribution Market.
Development of Innovative Measures and Increasing Necessity of Chemicals are the factors driving the Chemicals Distribution market.
The negative impact of chemicals on the human health and on environment are the challenges associated with the Chemicals Distribution Market.
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