Chemical Distribution Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The chemical distribution market size has grown strongly in recent years. It will grow from <b>$274.49 billion in 2023 to $301.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. </b> The growth in the historic period can be attributed to industrial growth, increased global chemical trade, increased chemical manufacturing, increased regulatory compliance, growth in demand for supply chain efficiency.

The chemical distribution market size is expected to see strong growth in the next few years. It will grow to <b>$431.15 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. </b> 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.

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Segmentation & Regional Insights
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

<b>Asia-Pacific</b> was the largest region in the chemical distribution market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical distribution market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting 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.

Key Industry Players
Major companies operating in the chemical distribution market include <b> 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 </b>

The chemical distribution market report table of contents includes:

1. Executive Summary
2.Chemical Distribution Market Characteristics
3.Chemical Distribution Market Trends And Strategies
4.Chemical Distribution market analysis
5.Chemical Distribution Market Size And Growth
6.Chemical Distribution Segmentation
7.Chemical Distribution Regional And Country Analysis
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27.Chemical Distribution Competitive Landscape And Company Profiles
28.Chemical Distribution Key Mergers And Acquisitions
29.Chemical Distribution Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• Univar Solutions Inc.
• HELM AG
• Brenntag AG
• Azelis Holdings
• Omya AG
• Biesterfeld AG

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