The specialty chemical distribution global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Specialty Chemical Distribution Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The specialty chemical distribution market size has grown strongly in recent years. It will grow from $84.28 billion in 2023 to $91.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to rising chemical consumption, rising demand for various chemicals, rising the expansion of floor spaces, and increased transparency and traceability.
The specialty chemical distribution market size is expected to see strong growth in the next few years. It will grow to $125.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing use in various end-user industries, increasing awareness and adoption of vegan, rising living standards, demand for personal care products, and growing demand for chemicals. Major trends in the forecast period include mergers and acquisitions, customization and personalization, collaborative supply chain models, and innovation in chemical formulation and product development.
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Scope Of Specialty Chemical Distribution Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Specialty Chemical Distribution Market Overview
Market Drivers –
The increasing consumption of pharmaceuticals is expected to propel the growth of the specialty chemical distribution market going forward. Pharmaceuticals are medicines designed to diagnose, treat, or prevent illnesses in humans and animals. The need for medications for chronic disease management, primarily along with the constant development of new drugs, drives the rise in pharmaceutical consumption. Specialty chemical distribution aids the pharmaceutical sector by supplying crucial raw materials, maintaining a reliable supply chain, and supporting the production of quality medications. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade organization, in Europe, the total production of pharmaceuticals increased from EUR 323,950 million ($353,672.41 million) to EUR 340,000 million ($371,195 million) from the years 2021 to 2022. Therefore, the rising consumption of pharmaceuticals is driving the growth of the specialty chemical distribution market.
Market Trends –
Major companies operating in the specialty chemical distribution market are focusing on advanced chemical warehouse solutions to enhance efficiency, safety, and compliance with regulatory standards. Advanced chemical warehouse solutions focus on safely storing and managing chemicals, adhering to regulations, and providing secure handling of hazardous substances. For instance, in May 2023, Tricore Surfactants Technologies FZC, a UAE-based agrochemicals plant, launched a new Dangerous Goods (DG) warehouse and customized powder blending unit. It is introduced at their agrochemical plant in Sharjah’s Hamriyah Free Zone, strengthening their capabilities in agrochemical production. The powder blending unit, with over 10,000 Metric tons (MT) per annum capacity, enhances the company’s ability to serve global customers with tailor-made solutions. The DG warehouse is equipped to store hazardous substances safely and is built to comply with stringent safety and environmental standards.
The specialty chemical distribution market covered in this report is segmented –
1) By Product: Computer-Aided Software Engineering (CASE), Agrochemicals, Electronic, Construction, Specialty Polymers And Resins, Flavor And Fragrances, Other Products
2) By Service: Transportation, Warehousing, Other Services
3) By End-User: Chemical Industry, Pharmaceutical Industry, Specialty Chemical Industry, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the specialty chemical distribution market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty chemical distribution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the specialty chemical distribution market are Brenntag AG, Univar Solutions Inc., Celanese Corporation, Wacker Chemie AG, IMCD N.V., Azelis Group NV, H.B. Fuller Company, Jebsen & Jessen Pte. Ltd., Omya AG, ICC Industries Inc., Ferro Corporation, Elementis plc, Vantage Specialty Chemicals, Barentz International B.V., Helm AG, Stockmeier Group, Trecora Resources, Wilbur Ellis Holdings Inc., REDA Chemicals Inc., Quimidroga S.A., Houghton International Inc., ChemPoint.com Inc., Ter Group, Solvadis Deutschland GmbH, Biesterfeld AG
Table of Contents
1. Executive Summary
2. Specialty Chemical Distribution Market Report Structure
3. Specialty Chemical Distribution Market Trends And Strategies
4. Specialty Chemical Distribution Market – Macro Economic Scenario
5. Specialty Chemical Distribution Market Size And Growth
…..
27. Specialty Chemical Distribution Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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