Global Chemical Distribution Market to reach USD 361.7 billion by 2027.
Global Chemical Distribution Market is valued approximately USD 250.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.3 % over the forecast period 2021-2027. The chemical industry creates and supplies fundamental raw material for organizations in the manufacturing and industrial sectors. These feedstocks are distributed to the end clients directly by the manufacturers or through third-party distributers. Rising trend of sustainable and green infrastructure and strong consumer purchasing power has led the adoption of Chemical Distribution across the forecast period. For instance, as indicated by a report distributed by American Chemistry Council, Inc. in June 2019, 334 new creation projects, estimated at over USD 204 billion, were launched, which exhibits a steady ascent in investment in the U.S. economy. This pattern is anticipated to result in a significant growth of the manufacturing sector, subsequently producing a positive effect on the general market. growing environmental concerns impede the growth of the market over the forecast period of 2021-2027. Also, growing automotive, pharmaceutical, and electronics industry coupled with strong growth in the industrial manufacturing sector is likely to increase the market growth during the forecast period.
Asia Pacific, North America, Europe, Latin America and Rest of the World are the key region foe regional analysis of the market. Asia Pacific arose as the main provincial market and represented 58.6% of the revenue share in 2019. Growing manufacturing activities in the region coupled with rising per capita income is expected to drive the market growth. Nations, for example, China, India, Malaysia, Vietnam, and Thailand are seeing rapid growth in various industries including automotive, electrical and construction.
Major market player included in this report are:
Helm AG,
Univar Inc.,
Brenntag AG,
Nexeo Solutions Holding LLC,
ICC Chemicals Inc.,
Barentz B.V.,
Azelis Holding S.A.,
Omya AG,
Jebsen & Jessen Offshore Pvt. Ltd.
TER Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product :
Specialty Chemicals,
Commodity Chemicals
By End user:
Automotive,
Construction,
Textile,
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Chemical Distribution Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors