Global Chemical Distribution Market Overview
Chemical Distribution Market Size was valued at USD 262.63 Billion in 2022. The Chemical Distribution 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).
Packaging, logistics, warehousing, mixing, blending, formulating, technical assistance, training, recycling, R&D, innovation, and ingredients are some of the operations involved in the chemical distribution industry. Increased need for services like mixing, blending, packing, inventory management, and supply chain networks are major drivers anticipated to propel the growth of the chemical distribution market over the forecast period. Additionally, it is projected that the increased use of bulk and specialty chemicals by the oil, gas, and petroleum industries will fuel the growth of the chemical distribution market.
Chemical Distribution Market Trends
Increasing Demand for Specialty and Bulk Products
In the Middle East, particularly in Qatar, Dubai, and Saudi Arabia, demand for specialty and bulk goods is projected to increase across a number of industries, including oil & gas, petroleum, and construction. The demand for chemical distribution is anticipated to increase as a result in the near future. The chemical distribution market has been supported by consumers' rising need for supply chains that are easy to access. The market is expanding as a result of rising demand for chemicals across a range of end-use sectors, including construction, electronics, automotive, and pharmaceuticals.
Chemical Distribution Market Segment Insights
Chemical Distribution Product Insights
Markets were controlled by commodity chemicals. The rising use of these chemicals in a number of end-use industries, including the transportation, automotive, and personal care sectors, is to blame for this.
A commodity chemical that has attained complete interchangeability is referred to be "fungible." This suggests that there isn't the least difference between the goods made by various producers. Since commodity chemicals are entirely standardized and you can know exactly what you will get from them, this is the fundamental difference between them and specialized chemicals. One class of fungible chemical is natural gas.
In January 2022, LevertonHELM, a joint venture between the major chemical firm Leverton and the organisation HELM, was established to increase the production of battery-grade lithium compounds in Europe.
Figure 2: CHEMICAL DISTRIBUTION MARKET, BY PRODUCT, 2022 & 2030 (USD BILLION)
Chemical Distribution Regional Insights
Asia Pacific is now the world's top region for chemical distribution. Due to the rise in production of activities, it leads the market for chemical distribution. Over the projection period, rising manufacturing activity is anticipated to fuel demand. Automobile, construction, electrical, and electronics industries are expanding, especially in nations like China, India, and South Korea.
Due to the expanding manufacturing capacities of large chemical businesses, North America is predicted to have significant expansion in the chemical distribution industry. With Brenntag, Univar, and IMCD as the top three distributors, the North American chemical business is one of the most consolidated markets. The shift in trend towards third-party distributors as a growth platform for expanding into underserved regional markets in recent years has been driven by the expansion of production capacity by large chemical firms in North America. However, due to fluctuating crude oil prices over the past few years, North America's petrochemical sector has slowed down.
Figure 2: CHEMICAL DISTRIBUTION MARKET, BY REGION, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Chemical Distribution Key Market Players & Competitive Insights
The competitive environment provides an examination of the major advancements made by businesses competing on a scale. In terms of product innovation, product positioning, research & development activities, expansion plans, and more, key organizations participating in the ecosystem are quite innovative.
The main tactics used by businesses to diversify their product offerings and boost market share ly are mergers, acquisitions, and capacity growth.
Key Companies in the Chemical Distribution market includes
- 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
Chemical Distribution Industry Developments
In May 2022: K A strategic relationship between HELM AG and Unium Bioscience Ltd. was recently announced. By delivering creative solutions that address market demands from growers, the new partnership between Unium and HELM will demonstrate both organisations' commitment to sustainable agriculture and give HELM access to alternative crop production products in certain regions.
In June 2021: For a wide range of needs, REDA has introduced a new line of water treatment products. The trade name for a broad range of water treatments, including drinking water, wastewater treatment, and power generation, is ZenTreat.
Chemical Distribution Market Segmentation
Chemical Distribution Product Outlook
Chemical Distribution End Use Outlook
- Oil & Gas
Chemical Distribution Regional Outlook
- North Americas
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM
|Market Size 2022
||USD 262.63 billion
|Market Size 2023
||USD 279.05 billion
|Market Size 2030
||USD 467.67 billion
|Compound Annual Growth Rate (CAGR)
||2019 & 2021
||Value (USD Billion)
||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
||Product, End Use and Region
||North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
||U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, Mexico, South Africa, Turkey, GCC.
|Key Companies Profiled
||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.
|Key Market Opportunities
||Rising Investments by the Chemical Manufacturers to Expand Production Units
|Key Market Dynamics
||Increasing Demand for Specialty and Bulk Products
Frequently Asked Questions (FAQ) :
The Chemical Distribution market size was valued at USD 262.63 Billion in 2022.
The Chemical Distribution market is projected to grow at a CAGR of 6.67% during the forecast period, 2023-2030.
Asia Pacific had the largest share of the Chemical Distribution market.
The key players in the Chemical Distribution market are 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.
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