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Chemical Distribution Market Size
Chemicals Distribution Market size surpassed USD 270 billion in 2021 and is projected to expand at over 4% CAGR between 2022 and 2030. The integration of progressive technologies across end-use industries will fuel the overall industry expansion.
The rapid expansion of the global chemical industry driven by a considerable rise in natural gas production may emerge as a leading factor supporting the market growth. The positive outlook of the chemical sector has encouraged several investors and industry participants to implement notable growth measures and make significant investments to leverage opportunities. For instance, the establishment of a new petrochemical unit by the OMV group, together with the adoption of other development tactics, is poised to spur the growth of the chemical industry in the coming years.
| Report Attributes | Details |
|---|---|
| Base Year: | 2021 |
| Market Size in 2021: | 270 Billion (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 4.4% |
| 2030 Value Projection: | 400 Billion (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 433 |
| Segments covered: | Product, End User, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The rising concerns pertaining to workers' safety may act as a restraining factor. In addition, the increasing pressure from organizations worldwide to focus on minimizing the environmental impact of chemicals will also hamper the industry expansion to some extent. However, with the proliferation and integration of advanced technologies in the chemicals sector, the industry trends are likely to depict a transformation through the forecast timeframe.
Chemical Distribution Market Analysis
In terms of products, the chemical distribution market is classified into commodity chemicals and specialty chemicals. The commodity chemicals segment is likely to be valued at USD 240 billion by 2030, exhibiting more than 4% CAGR during the projection period. Commodity or bulk chemicals comprise a range of petrochemicals, polymers, as well as basic inorganic fertilizers and chemicals that are generally produced in large quantities at lower prices. The increasing utilization of these chemicals across several end-use verticals, including transportation, automotive, and personal care, may positively influence the industry landscape.
With respect to end-user, the others segment is expected to expand at more than 3% CAGR between 2022 and 2030, with an estimated target valuation exceeding USD 90 billion by 2030. The segment growth will be driven by the expansion of several industries, including personal care, mining, R&D activity, services, and printing, that hugely rely on chemicals for their operations. The availability of suitable chemicals holds utmost significance across the mining sector to ensure effective mineral processing, refining, and extraction. In addition, the growing inclination towards beauty and aesthetics may drive the demand for personal care products, strengthening the chemical distribution market outlook.
Regarding the regional landscape, the Asia Pacific chemical distribution market is anticipated to depict a CAGR of more than 5% from 2022 to 2030. The regional industry may account for over USD 190 Billion worth of revenue share by 2030, driven by the rapid proliferation of the manufacturing sector and the consistent improvement in disposable personal incomes. Countries such as China and India have undergone significant transformations in terms of automation and digitalization. Besides, the ongoing technological development in the construction, automotive, and electrical & electronics industries coupled with the expanding consumer base may drive the product demand across the Asia Pacific.
Chemical Distribution Market Share
Prominent firms holding dominance in the chemical distribution market include :
- Brenntag AG
- Azelis
- Bodo Möller Chemie GmbH
- Omya AG
- Nordmann Rassmann GmbH
- HSH Chemie GmbH
- CHErbslöh Polska Sp. Z.o.o
- Elton Chemicals, Sera Chemicals
- ART Chemicals
- Donauchem GmbH
- Dafcochim Distribution
- Afco Solutions
- Vermont
- Bridgexim
- Resinex Group
- Contilinks Romania SRL
- Interallis Chemicals
- Ubimedia
- PROCIV
- Radka
- Accendis Trading
- Polichem Trade & Shipping SRL
- Synthesia Group
- Klebrom
- MCD
- Biesterfeld AG
- Spot Trading Import-Export SRL
- Sinochem plastic
These companies have been focusing on elaborating their market presence through strategic investments and associations aimed at fueling the industry trends. For instance, in August 2022, Brenntag AG announced the extension of the distribution agreement with ISCA, one of the greatest manufacturers and distributors of specialty chemicals, to distribute preservatives used in the cosmetics industry across Europe. Following the success of the partnership with ISCA in the UK, Brenntag Specialties expanded its collaboration with the preservative producers of Benelux, France, Slovakia, Poland, Croatia, Slovenia, Germany, Switzerland, and the Nordic region.
Impact of COVID-19 Pandemic
The global market suffered a moderate setback during the pandemic, specifically in the first half of 2020, due to supply chain disruptions, imposed cross-border trade barriers, and declining economic growth, resulting in a dramatic drop across major end-use industries. The increasing inclination toward regional and local value chains for critical goods decelerated the globalization trends, further hampering the industry expansion. However, later, an intensified consumer shift toward sustainable consumption accelerated manufacturer responses across the FMCG sector, requiring significant contribution from the chemical industry. In addition, the increasing strategic exchanges among key industry participants helped the chemical distribution industry recover swiftly and may further create new growth prospects in the forthcoming years.
The chemical distribution market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2018 to 2030, for the following segments:
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By Product
- Commodity Chemicals
- Specialty Chemicals
By End-user
- Construction
- Automotive & Transportation
- Electronics
- Medical & Pharmaceutical
- Agriculture
- Packaging
- Energy
- Food & Beverage
- Textile
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Romania
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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