The global chemical distribution market size
is projected to reach USD 317.47 billion by 2025, expanding at a CAGR of 5.7%
from 2018 to 2025, according to a new report by Grand View Research, Inc. The
chemicals industry is adopting innovative solutions to address impeding factors
in the supply chain system. An efficient and optimum supply channel is critical
for industry growth. Growing concerns regarding safety during transportation of
hazardous materials have made distributors to carry out sustainable practices
in their operations to maintain credibility among suppliers.
Carbon emission reduction is one of the
first priorities of distributors. M&As by multinational distributors can be
perceived as consolidating efforts and have largely been influential in
achieving economies of scale and focus on specialized sales strategies, and
rationalizing distributor base. Increasing sales of specialty businesses and
innovations in development of green building blocks are key factors driving the
industry growth. Compared to emerging markets, the impact of this factor is
higher in developed economies due to technological sophistication in R&D
efforts by domestic producers.
Commodities, such as polymers and petroleum
distillates, contributed over USD 115 billion in revenues for the year 2017.
During the same period, CASE (coatings, adhesives, sealants and elastomers)
segment was valued at over USD 40 billion. High demand from end-use industries,
such as automotive, construction and pharmaceuticals, is likely to drive the
segment.
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https://www.grandviewresearch.com/industry-analysis/chemical-distribution-market
Further key findings from the study suggest:
· Advent of online platforms for distribution
of chemicals is likely to have a positive impact on current protocols and
methods surrounding supply chain
· Asia Pacific accounted for 52% of the
chemical distribution market revenue in 2017 and is expected to maintain its
dominance expanding at a CAGR of 6.1% from 2018 to 2025
· This growth can be largely attributed to a
robust chemical manufacturing sector in China and tremendous opportunities in
India and Southeast Asia
· Manufacturers are increasingly turning
towards third-party suppliers and distribution channels to boost their
penetration and revenues in economies like India and Japan
· Major companies in the chemical
distribution market include Helm AG; Univar, Inc.; Nexeo Solution Holding LLC;
Brenntag AG; Barentz B.V.; Omya AG; Azelis Holding S.A.; ICC Chemicals, Inc.;
TER Group; Jebsen & Jessen Offshore Pte. Ltd.; Solvadis Group; BASF SE;
Ashland, Inc.; REDA; Stockmeier Group; Biesterfeld AG; Safic-Alcan; Quimidroga
S.A.; and IMCD Group
· Stockmeier Group announced the partnership
with Contichim International and Quaron Belgium. The partnership came as a
strategic initiative by Stockmeier Group to expand its specialty business
distribution network in Belgium
Grand View Research has segmented the
global chemical distribution market on the basis of product, end use, and
region:
Chemical Distribution Product Outlook
(Revenue, USD Million, 2007 - 2025)
·
Specialty Chemical
·
Commodity Chemical
Chemical Distribution End-use Outlook (Revenue, USD
Million, 2007 - 2025)
·
Specialty Chemical
·
Commodity Chemical
Chemical Distribution Regional Outlook (Revenue, USD
Million, 2007 - 2025)
·
North America
·
Central & Eastern Europe
·
Western Europe
·
Asia Pacific
·
CSA
·
MEA
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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