Third-Party Chemical Distribution Market Scope
Third-party chemical distribution involves chemical distribution around the world through third parties. The third-party chemical distribution method contains sales, logistics, and transportation of chemicals. Chemical distributors propose value-added services such as blending, mixing, wrapping, formulation, inventory management, and waste elimination to customers. There are two types of chemicals are available such as commodity chemicals and specialty chemicals. Rising investment in the chemical distribution industry will help to boost global third-party chemical distribution. The North chemical distribution market size is expected to grow from USD 40268.14 million in 2019 to USD 53351 million by 2025, at a CAGR of 5.52%.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Univar (United States), Brenntag (Germany), HELM AG (Germany), IMCD (Netherlands), Azelis (India), ICC Chemical (United States), Jebsen & Jessen (Singapore), Stockmeier Chemie (Germany) and Hydrite (United States) |
CAGR | 6.38% |
Global third-party chemical distribution market is moderately fragmented due to presence of key player such as Univar (United States), Brenntag (Germany), HELM AG (Germany) and Nexeo Solutions (United States). Key players are concentrating on the expansion and distribution of sustainable and eco-friendly chemicals given the escalating concern over degradation of the environment. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Third-Party Chemical Distribution market throughout the predicted period.
Univar (United States), Brenntag (Germany), HELM AG (Germany), IMCD (Netherlands), Azelis (India), ICC Chemical (United States), Jebsen & Jessen (Singapore), Stockmeier Chemie (Germany) and Hydrite (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Barentz International (Netherlands), Petrochem Middle East (United Arab Emirates), Protea Chemical (South Africa), Reda Chemicals (Saudi Arabia), Solvochem Holland (Netherlands), Obegi Chemicals (Syria), Manuchar (Belgium), Sinochem Plastics (China), Connell Brothers (United States), Chemstation (United States) and Redox (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Third-Party Chemical Distribution market by Type , by Application (End User and Secondary Distributor) and Region with country level break-up.
On the basis of geography, the market of Third-Party Chemical Distribution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 16th December 2019, The Azelis has announced that it has signed an agreement to acquire 100% of the outstanding shares of Megafarma, a premier Mexican specialty distributor for pharma, food, and veterinary industries
Influencing Trend:
Adoption of Specialty Chemical Distribution and Rising Demand in Pharmaceutical Industry
Market Growth Drivers:
Growing Investments in Chemical Industry, Increasing Chemical Consumption and Growing Outsourcing Distribution Channel
Challenges:
Growing Environmental Safety Concern
Restraints:
Adoption of Own Distribution by Chemical Companies
Opportunities:
Developing Per Capita Income Coupled With Rising Food Expenditure and Innovation in Distribution Channel
Key Target Audience
Third Party Chemical Service Distributors, Chemical Industry, Third Party Chemical Service Industry Association, Government Regulatory Bodies, Government and Private Research Organization and Others