The global chemical distribution market size is expected to reach USD 403.2 billion by 2030, registering a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by rising demand for a variety of specialty and commodity chemicals from numerous end-use industries around the world.
The consumption of specialty goods like CASE (coatings, adhesives, sealants, and elastomers), polymers and resins, agrochemicals, and building chemicals, which are currently used in small amounts, is expected to increase significantly in the future years. Since the regional governments monitor these substances closely, only a few producers create them.
Most end-use sectors, including those in construction, automotive, infrastructure, electronics, and medicines, utilize specialty and commodity chemicals. Due to accelerating industrialization, particularly in China, the demand for chemicals has increased quickly throughout the Asia Pacific region. Significant demand for electronic-grade raw materials has resulted from the country's rising electronics output and customers' increasing purchasing power, which is helping the chemicals distribution industry thrive.
On the contrary, in order to attain structurally efficient cost, market share, and competitive advantage, small and large manufacturing enterprises are expected to form strategic alliances with foreign players. This would enable them to better serve their worldwide customers. Furthermore, the acquisition has been a crucial strategy for chemical firms looking to expand their customer base and fortify their supply chain.
Another issue that presents a barrier in the supply chain for chemicals is the dependence of manufacturers on suppliers for the safe delivery of non-bulk and loose chemical substances and managing varied logistics requirements, including repackaging and custom blending. The National Association of Corporate Directors (NACD) and other regulatory bodies supervise the implementation of safety standards for product transportation and distribution across North America, while REACH oversees safety requirements in Europe.
Request a free sample copy or view report summary: Chemical Distribution Market Report
Specialty chemicals product type witnessed the fastest growth rate of more than 7%, owing to the rising product application in specific end-use industries like pharmaceuticals, polymers, mining, food & feed, and paints & coatings
Pharmaceuticals end-use industry witnessed a notable growth rate of 7.4% on the account of increasing investments in developing economies and the growing importance of human health and its associated issues, especially after the COVID-19 outbreak
Synthetic rubber witnessed a significant growth rate of nearly 5.5%, due to its vast applicability in the production of conveyor belts, industrial goods, tires, clutches, and engine bearings among others
Downstream chemicals witnessed the highest CAGR of 6.2%, among other end-uses, on the account of its usage in the petrochemicals industry around the world
Geographically, Asia Pacific dominated the market in 2023 owing to the booming end-use industries such as mining and automotive in the region
Grand View Research has segmented the global chemical distribution market report based on product, end-use, and region:
Chemical Distribution Product Outlook (Revenue, USD Million, 2018 - 2030)
Specialty Chemicals
CASE
Agrochemicals
Electronic
Construction
Specialty Polymers & Resins
Personal Care & Pharmaceuticals
Other Specialty Chemicals
Commodity Chemicals
Plastic & Polymers
Synthetic Rubber
Explosives
Petrochemicals
Other Commodity Chemicals
Chemical Distribution End-use Outlook (Revenue, USD Million, 2018 - 2030)
Specialty Chemicals
Automotive & Transportation
Construction
Agriculture
Industrial Manufacturing
Consumer Goods
Textiles
Pharmaceuticals
Other Specialty Chemical End-uses
Commodity Chemicals
Downstream Chemicals
Textiles
Electrical & Electronics
Automotive & Transportation
Industrial Manufacturing
Other Commodity Chemicals End-use
Chemical Distribution Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Belgium
Asia Pacific
China
India
Japan
South Korea
Taiwan
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
South Africa
UAE
Qatar
Kuwait
Oman
Bahrain
List of Key Players in the Chemical Distribution Market
Univar Solutions Inc.
Helm AG
Brenntag AG
Ter Group
Barentz
Azelis
Safic Alan
ICC Industries, Inc.
Jebsen & Jessen Pte. Ltd.
Quimidroga
Solvadis Deutschland GmbH
Ashland
Caldic B.V.
Wilbur Ellis Holdings, Inc.
Omya AG
IMCD
Biesterfeld AG
Stockmeier Group
REDA Chemicals
Manuchar
"The quality of research they have done for us has been excellent..."