New York, NY, July 12, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Third-Party Chemical Distribution Market by Product (Mixing, Manufacturing, and Packaging): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global third-party chemical distribution market was valued at approximately USD 310.7 billion in 2018 and is expected to generate around USD 393.5 billion by 2026, at a CAGR of around 3% between 2019 and 2026.
The process of chemical distribution involves logistics, sales, and transportation of chemicals. Various value-added features are also being provided by distributors, which include blending, packaging, formulation, mixing, inventory management, and waste removal, to the customers. Due to the increase in the use of modern technology, there’s a high demand for automation and digitization for the overall distribution supply chain. Distributors get chemicals from the manufacturers and send them to the vendors. Those chemicals are then supplied to their end-users through third-party chemical distribution. The third-party chemical distribution market globally is primarily driven by the substantial developments witnessed by the emerging economies in the APAC region and the increasing demand for third-party services in the Asia Pacific region.
Browse through 8 Tables & 38 Figures spread over 110 Pages and in-depth TOC on “Global Third-Party Chemical Distribution Market Size, Share 2018: Industry Type, Demand, Segments, Growth, Analysis, and Forecast to 2026”.
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However, falling prices of crude oil and increasing operation costs may restrict the market globally in the years ahead. The third-party chemical distribution market is expected to grow notably, particularly in the emerging economies of the APAC and MEA regions. These emerging economies are expected to further the third-party chemical distribution market in the future globally.
On the basis of product, the third-party chemical distribution market is divided into mixing, manufacturing, and packaging. The manufacturing segment is expected to contribute the maximum share to this global market over the projected timeframe. The growth of the manufacturing segment can be attributed to the increasing demand by vendors and distributors for mixing chemicals.
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Geographically, the third-party chemical distribution market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is estimated to hold the maximum revenue share of the third-party chemical distribution market globally over the forecast time period. This can be due to the rising construction and infrastructural development activities in the Asia Pacific region.
Latin America is expected to witness moderate growth in the future. The growing demand from the automotive sector in Brazil is expected to be the major growth driver for the third-party chemical distribution market in Latin America. Brazil and Colombia are expected to be the major contributors in the region.
Browse the full “Third-Party Chemical Distribution Market by Product (Mixing, Manufacturing, and Packaging): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/third-party-chemical-distribution-market
In Europe, the third-party chemical distribution market has grown substantially over the last few years due to the growing mixing and packaging demand. Europe leads the third-party chemical distribution market globally. Various value-added features are being provided by the distributors, such as blending, packaging, formulation, mixing, inventory management, and waste removal. These features will positively influence the region’s third-party chemical distribution market.
North America will hold a major share of the global third-party chemical distribution market over the forecast time period. The U.S. and Canada are expected to be major countries that will contribute to the regional market.
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Some key players of the global third-party chemical distribution market are Univar, Brenntag, HELM, Nexeo Solutions, IMCD, Azelis, Biesterfeld, ICC Chemical, Jebsen & Jessen, and Stockmeier Chemie.
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This report segments the global third-party chemical distribution market into:
Global Third-Party Chemical Distribution Market: By Product
- Mixing
- Manufacturing
- Packaging
Global Third-Party Chemical Distribution Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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