Chemical Distribution Market Scope
Chemical distribution refers to distributors organizing their businesses by product group rather than by customer industry. This means customers within an industry may purchase products from several businesses of chemical producers. The market of chemical distribution is increasing due to the rising demand from the consumer end and also the access of the product is easy to reach, even the trend of digitization is increasing in the chemical distribution industry, the industry of chemical distribution is hampering due to the available substitute
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Univar (United States), Helm (Germany), Brenntag (United States), Nexeo Solutions (United States), Barentz (Netherland), ICC Chemicals (United States), Azelis (Belgium), Safic-Alcan (France), Omya (Switzerland) and IMCD (Netherland) |
CAGR | 5.6% |
Manufacturers operating in the chemical distribution industry can employ several competitive strategies to differentiate themselves in the market such as offering a wide range of chemicals from different manufacturers or suppliers can attract customers looking for a one-stop solution. By providing a comprehensive product portfolio, manufacturers can cater to diverse industry needs and capture a larger market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Chemical Distribution market throughout the predicted period.
Univar (United States), Helm (Germany), Brenntag (United States), Nexeo Solutions (United States), Barentz (Netherland), ICC Chemicals (United States), Azelis (Belgium), Safic-Alcan (France), Omya (Switzerland) and IMCD (Netherland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Biesterfeld (Germany), TER Group (Germany), Jebsen & Jessen Offshore Pte. Ltd. (Singapore) and BASF SE (Germany).
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 Chemical Distribution market by Type , by Application (Oil and Petroleum, Cosmetics, Food, Textile, Paint, Building Construction and Agriculture) and Region with country level break-up.
On the basis of geography, the market of 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
Univar to acquire Nexeo, accelerating transformation and growth, the combined company expected to drive growth and shareholder value with North America's largest sales force, broadest product offering, and most efficient supply chain network in the industry
Univar Canada and TATA Chemicals Ltd. announce distribution agreement for food and nutraceutical industries
Influencing Trend:
Digitization trends in the chemical distribution industry
Market Growth Drivers:
Surging customer demand for services and reachable supply chain model and Growing demand by end users and easy access to products
Challenges:
Other substitutes for the chemicals industry
Restraints:
Complex supplier-distributor relationships and Increasing environmental and safety concerns
Opportunities:
Growing awareness among consumers related to high-value addition products and customer service offerings leads to highly intense competition in the global market of chemical distribution
Key Target Audience
Industry Investors, Chemical Distributors/ Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Component Manufacturer, Component Supplier, Distributors, Government Body & Associations and End user