Chemical Distribution Market Analysis

Chemical Distribution Market Analysis

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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.