Chemical Distribution Market size is estimated to cross USD 400 Billion by 2030, according to a new research report by Global Market Insights Inc.
The report anticipates the growing importance of chemical distribution as a profitable mediator between consumers and chemical companies to emerge as a significant growth driver. Increased concentration of chemical corporations on core competencies and more strategically appropriate product and market segments will help increase the global chemical distribution share in the years ahead. Through strategic purchases, distributors are working on reducing the complexity of chemical firms by outsourcing and bundling the purchase of chemical C raw materials, paving the way for more strategic alliances among the key industry participants.
Expansive end-use portfolio to fuel the demand for specialty chemicals
Chemical distribution market from specialty chemicals segment is expected to expand at over 4% CAGR during the projection period. Specialty chemicals comprise a wide range of products, including adhesives, cleaning materials, cosmetic additives, construction chemicals, food additives, lubricants, paints, polymers, and surfactants. The increasing reliance of several end-use industries such as oil & gas, pulp & paper, and personal care & cosmetics on chemical distribution for high-performance function-specific chemicals may propel the market revenue.
Browse key industry insights spread across 300 pages with 394 market data tables & 39 figures & charts from the report, “Chemical Distribution Market Size, By Product (Commodity Chemicals, Specialty Chemicals), By End-user (Construction, Automotive & Transportation, Electronics, Medical & Pharmaceutical, Agriculture, Packaging, Energy, Food & Beverage, Textile), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:
Rapid infrastructure development to push the product demand across the construction sector
Construction segment to expand at over 4% CAGR during 2022-2030. The segment is projected to surpass USD 30 Billion by 2030. The rising urbanization and industrialization across economies have significantly pushed the demand for infrastructure development, resulting in increasing construction, reconstruction, and repair & maintenance activities. The burgeoning demand for chemicals to meet these infrastructure requirements may push the segment expansion. In addition, the emerging requirement for aesthetic and durable civil structure and growing consumer awareness about proper chemical distribution may help the industry grow substantially.
Increasing construction activities to support the regional share
North America chemical distribution market is anticipated to reach USD 65 billion by 2030 and may exhibit a 3.9% CAGR over the analysis timeframe. The regional growth is backed by the positive outlook of the construction sector and the growing popularity of green and sustainable infrastructure, driving the demand for specialty construction chemicals. In addition, the considerable rise in venture capital investments by major chemical manufacturers and the availability of abundant feedstock and credit coupled with the ongoing labor market upgradation may streamline the expansion of the regional chemical distribution industry.
Product line expansion to define the competitive landscape
Major players 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, and Sinochem plastic.
These companies are focusing on expanding their product portfolio to maintain their dominance in the market and expand their consumer base. For instance, in July 2022, Nordmann Rassmann GmbH planned to expand its product line. The company has plans to distribute rubber additives sourced from the Deutsche Oelfabrik - Gesellschaft für chemische Erzeugnisse mbH & Co. KG (DOG), a German manufacturer across the DACH region.