With a CAGR of 5.6%, Chemical Distribution Market to reach $411.81 Bn By 2030, Reports Insights

United States, New York, Jan. 26, 2023 (GLOBE NEWSWIRE) -- As per the research report Chemical Distribution Market published by Reports Insights, the market was worth USD 266.31 Billion in 2022 and is estimated to reach around USD 411.81 Billion by the year 2030, registering a CAGR growth of 5.6%.

Chemical Distribution Market Size, Share & Trends Analysis, By Product (Commodity and Specialty Chemicals), By Packaging Type (Drums, Bulk Containers, Flexi-tank Containers, And Others), By Distribution Method (Roadways, Railways, Airways, and Shipping Distribution), By End Use (Automotive & Transport, Agriculture, Construction, Pharmaceuticals, Industrial Manufacturing), By Region and Segment, Forecast Period 2022 – 2030. Opportunities - There has been a positive adaptation in the chemical distribution industry. Businesses are constantly investing in partnerships with other businesses, the creation of new goods and services, research and development, marketing initiatives, and employee training.

Chemical distribution is a type of service that deals with aspects such as the transportation and storage of chemicals. This service forms the central component of a basic supply chain of the product before it reaches the end-user. Chemical distributors buy chemicals from manufacturers and supply them to other industrial facilities as raw materials. With the growing consumption of chemicals in industries such as commodity chemicals, agriculture, textiles, and pharmaceuticals, businesses must include a strong supply chain that helps to strengthen their market position.

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Furthermore, chemical distributors also deliver value-added services such as inventory management to help businesses reduce expenditures on supply management. Also, one of the main benefits of having chemical distributors is to help expand the reach of company products into less developed areas or regions. Currently, such distributors have to manage four key factors: quality balancing, time and geographical related distances, and wide variety of goods and services. Thus to remain competitive in market circumstances, chemical distributors need to focus on short delivery times and promptness of service, which is one of the main goals in terms of adding value to the overall supply management. Further, with access to a dedicated enterprise for chemical distribution, industries have an opportunity to gain complete control over sourcing raw materials as these distributors are responsible of raw material warehousing and continuous shipments.

Chemical Distribution Market Research Analysis Coverage are:- 

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Key Market Highlights

• The global chemical distribution market size is expected to surpass USD 411.81 billion by 2030 and grow at a CAGR of 5.6% during the forecast period (2022-2030).
• Globally, chemical distribution is separated based on product: commodity and specialty chemicals.
• Based on the packaging type, the market share is divided into four groups: drums, bulk containers, flexitank containers, and others.
• In the context of distribution methods, the market is categorized into roadways, railways, airways, and shipping distribution.
• The market is also separated as per end use: automotive & transport, agriculture, construction, pharmaceuticals, and industrial manufacturing.
• The market is geographically separated into five regions: Europe, South America, the Asia-Pacific, North America, and the Middle East and Africa.
• Asia Pacific and North America are expected to support industry growth during the forecast period in terms of the growing manufacturing and distribution of chemicals among industrial businesses.

Chemical Distribution Market Segmentation Details:

Based on the product, the commodity chemicals segment is estimated to support market growth in terms of the largest revenue share. Commodity chemicals are referred to the raw material or bulk chemicals used to manufacture fine chemicals. These chemicals play an important role in producing high-grade fine chemicals by enhancing the chemical properties of the end-use chemical. Further, the growing manufacturing of such commodity chemicals by a large number of manufacturers requires reliable and safe distribution to meet the industrial demand of chemicals.

Based on packaging type, the drums segment is projected to contribute the largest shares to the market growth in terms of volume. Drums are majorly used to handle hazardous or toxic chemical materials most conveniently and cost-effectively. Thus, chemical distribution services largely rely on low-maintenance, leakproof, and strong construction of such drums to ensure on-time delivery of chemical substances. Further, drums are easy to manage and transport large bulk orders of chemicals even in trucks or similar vehicles. Thus, the convenience to distributors along with easy access and safe packaging of chemicals supports the segment growth.

Based on the distribution method, the road transport segment is projected to contribute substantial shares to the increased market growth. All the majorly distributed chemicals are required to reach the ultimate end-user of specialty chemicals, along with bulk chemicals, that is industrial or manufacturing facilities. Thus, a large dependence on logistics for the local distribution of chemicals requires a consistent network of transportation, which is anticipated to increase the market statistics.

Based on end use, the industrial manufacturing segment is expected to account for largest contribution to the chemical distribution market shares during the forecast period. The growing demand for commodity chemicals such as polymers, petrochemicals, and other inorganic chemicals for producing fine chemicals or even end-products supports segment growth. Further, multiple industries have varied needs for chemicals. For instance, the food & beverage industry may require a chemical as a preservative, additive, or other chemical agents which requires different temperatures and packaging types.  Thus, the ability of any chemical distribution service to meet the flexible requirement of several industries is anticipated to support market growth.

Based on region, the Asia Pacific region is estimated to support the market statistics in terms of volume and revenue. The large presence of chemical manufacturing facilities within this region and the established network of logistics boost the market demand. Furthermore, the growing construction and other infrastructural developments in this region also pose a high need for chemicals as raw materials or even chemical-based products. Thus, the establishment of complete supply chains within a region to support the increased industrial demand in the Asia Pacific is expected to strengthen the market growth.

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Recent Developments

• In January 2022, Leverton and HELM collaborated to create LevertonHELM production facility to upgrade the existing production capacity of lithium batteries in Europe.

• In May 2022, Union Bioscience Ltd. join hands with HELM AG to have control of alternative crop production products in terms of innovative supply solutions.

The research report published on the Chemical Distribution market focuses on offering a comprehensive analysis of several decisive indicators such as SWOT analysis, market dynamics, segmental analysis, and others. From the point of view of market players and their product portfolios, many aspects have been examined within the report for getting an inclusive understanding of business collaborations, market trends, business strategies, product launches, and product developments.

List of Major Chemical Distribution Market Players

The research report comprehensively evaluates several decisive parameters such as SWOT analysis, market dynamics, business strategies, and product developments. Further, stakeholders have an opportunity to gain detailed understanding of business market trends, collaborations, product launches and applications, and recent mergers and acquisitions to evaluate the latest market status. The following are the crucial market players currently functioning in the market circumstances —

• Helm AG
• Univar Inc.
• ICC Chemicals, Inc.
• Brenntag AG
• TER Group
• Solvadis
• Nexeo Solution Holding LLC
• Ashland
• Caldic B.V.

Global Chemical Distribution Market Segmentation: 

By Product

• Commodity
• Specialty Chemicals

By Packaging Type

• Drums
• Bulk Containers
• Flexi-tank containers
• Others

By Distribution Method

• Roadways
• Railways
• Airways  
• Shipping Distribution

By End Use

• Automotive & transport
• Agriculture
• Construction
• Pharmaceuticals
• Industrial Manufacturing 

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