Chemical Distribution Market 2023 Worldwide Industry Analysis, Future Demand and Forecast till 2030

Chemical Distribution Market Synopsis

Chemical Distribution Market Size was valued at USD 262.63 Billion in 2022. The Chemical Distribution market industry is projected to grow from USD 279.05 Billion in 2023 to USD 467.67 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.67% during the forecast period (2023–2030).

The chemical distribution market has been expanding at a steady pace, led by the innovative measures undertaken by the chemicals industry to counter the slowdown in the supply chain system. Chemical distributors across the world are adopting sustainable practices for safe transportation of chemicals and materials, thereby building credibility among chemical suppliers.

Increase in consumption of chemicals across end-use industries such as construction, pharmaceutical, polymers, and resins; and high complexity in reaching customers are likely to drive opportunities for chemical distributors in the next few years.

Competitive Landscape

The competitive landscape offers an analysis of the key developments by the companies operating in the market worldwide Acquisition and mergers of small distributors and manufacturers, has influenced to achievement of economies of scale and focus on specialized sales channel strategies, rationalizing their distributor base, and strengthening of supply chain networks. Companies are following mergers, acquisitions, and capacity expansion as major strategies to diversify their product portfolio and increase market share on a global scale. Some of the prominent players in the chemical distribution market include Helm AG, Univar Inc., Brenntag AG, Nexeo Solution Holding LLC,ICC Chemicals, Inc., Barentz B.V.,Azelis Holding S.A.,Omya AG,Jebsen & Jessen Offshore Pte. Ltd.,TER Group, Solvadis.

Segmentation

By Product

• Specialty Chemicals
• CASE: CASE chemicals are specialty chemicals that are important to all facets of global industrial and consumer product manufacturing. Coatings, adhesives, sealants, and elastomers are developed to provide performance, protection, operation, and strength and durability to support and broad range of industries like building and construction, automotive, aerospace, packaging, and marine environments.
• Agrochemicals:The term agrochemical is used as a term for the chemical products or pesticides used in agriculture. These include herbicides, fungicides and insecticides but also synthetic fertilizers, hormones and soil conditioning agents.
• Electronic: The electronics industry uses a broad range of highly sophisticated specialty chemicals in many processing steps in the manufacture of electronic components and products, including silicon wafers and integrated circuits, for packaging and printed circuit boards (PCBs), in the manufacture of compound semiconductors.
• Construction: Formaldehyde is used widely to manufacture building materials and numerous household products. It is also a by-product of combustion and certain other natural processes.
• Specialty Polymers & Resins: Speciality Polymers are some High Performance Polymers (HPP), including plastics, polymers, fluids, membranes, smart hydrogels and elastomers that are designed to meet the critical requirements that engineers face every day in key industries including, Plastics, Automobiles, Aeronautics, Smart Devices,etc
• Others: Some of the categories of speciality chemicals are adhesives, cleaning materials, colors, cosmetic additives, elastomers, flavors, food additives, fragrances, industrial gases, lubricants, paints, surfactants, and textile auxiliaries.

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• Commodity Chemicals
• Plastic & Polymers: Plastic is a specific type of polymer comprised of a long chain of polymers. Polymers, on the other hand, are made up of uniform molecules that are smaller than plastic molecules
• Synthetic Rubber: Synthetic rubber, is a non-oil resistant, low-cost material that can be used in the production of several rubber products. It has properties similar to natural rubber.
• Explosives: Compounds containing the functional groups azide, acetylide, diazo, nitroso, haloamine, peroxide, and ozonide are explosive chemicals.
• Petrochemicals: Petrochemicals are a set of chemical compounds that fuel a wide array of products across the globe. They are made of hydrocarbons that are separated and extracted from petroleum (crude oil) and natural gas and are at the core of multiple industries, including
• Others: Acetic acid, acetone, acrylic acid, acrylonitrile, adipic acid, sodium chlorate, sodium hydroxide, sodium silicate, sulfuric acid are some other commodity chemicals.
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By End Use

• Automotive: Exterior paint, bumpers and headlights to interior seats, dashboard components, and the seatbelts and airbags that help protect passengers. Plastics can even be found in lithium polymer car barriers that power some hybrid and electric vehicles are some applications of chemicals in automotive industry.
• Electronics: The electronics industry uses acetic acid, acetone, ammonium fluoride, ammonium hydrox-ide, hydrochloric acid, and many other chemicals to manufacture electronic gadgets.
• Construction: Chemicals in construction sector helps to enhance concrete strength and quality, provide water-tightness and protect concrete structures from atmospheric degradation.
• Oil & Gas: Oil field chemicals have many positive functions such improved oil recovery, drilling optimization, corrosion protection, prevent mud loss in different geological formations, stabilize drilling fluid in high pressure and high temperature environment, and many others
• Petroleum: Chemically, petroleum consists principally of hydrogen and carbon, but also contains small percentages of oxygen, nitrogen, sulfur, and traces of metals, such as vanadium, cobalt, and nickel. The common organic compounds include alkanes (paraffins), naphthenes, aromatics, and heterocompounds.
• Pharmaceuticals: The chemical and pharmaceutical industry is involved in processing organic and inorganic raw materials into chemical products, as well as producing pharmaceutical raw materials.
• Textiles: Chemicals are used in textile industry is to develop a wide range of products that can be utilized for dyeing and printing clothes. The process of dyeing clothes employs a large number of chemicals that are used in mixing the paints to get the desired color. These paints blend with the fabric and impart color to it.
• Others: Other chemicals can be used for investigative or diagnostic purposes, such as in the preparation of drugs or in laboratory experiments. These experiments are typically small-scale, and are conducted on small samples of inorganic substances (e.g. rocks), organic substances, or even biological specimens.

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By Region

• North America: North America is projected to observe significant amount of growth in the chemical distribution market due to the increasing manufacturing capacities by major chemical companies. Moreover, the various planned facilities which is further anticipated to propel the growth of the chemical distribution market in the region in the coming years.
• Europe: Europe is likely to show some significant growth in the forecasted period. These opportunities are because European countries have an expanding packaging industry.
• Asia-Pacific: Asia-Pacific dominates the chemical distribution market Industry Applications due to the increase in the production of activities. Increasing manufacturing activities along with a significant rise in per capita disposable income is expected to drive demand over the forecast period.
• Latin America: Latin America is also expected to show some considerable growth. These usually are predicted to grow due to the packaging industry growth enlarging demands in flexible packaging products such as plastic bags pouches sashes which fuse the growth of Basic Chemical Market.
• Middle East & Africa: Countries across Middle East & Africa are increasing investing in commercial project development, residential infrastructure development, industrial development and more. These construction activities have been pulling in huge demand for the chemical distribution market.

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