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Chemical Distribution Market Analysis

Report ID: GMI3973
Published Date: Aug 2022
Report Format: PDF

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Chemical Distribution Market Analysis

Chemical Distribution Market, By Product,

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.

Chemical Distribution Market, By End User,

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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.

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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.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Global market for chemicals distribution exceeded USD 270 billion in 2021 and is estimated to expand at over 4% CAGR between 2022 and 2030 due to the rapid proliferation of the chemical industry globally.

The commodity chemicals segment is expected to be valued at USD 240 billion by 2030, depicting a CAGR of more than 4% during the projection period driven by the increasing utilization across transportation, automotive, and personal care industries.

The others end-user segment is expected to grow at more than 3% CAGR from 2022 to 2030, with an estimated target valuation exceeding USD 90 billion by 2030 owing to the emerging beauty trends and increasing demand across the mining industry.

Major companies 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, and Donauchem GmbH, among others.