Global Chemical Distribution Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球化學品分銷市場：2021-2028 Global Chemical Distribution Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Chemical Distribution Market Overview
The chemical distribution market size was worth US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Chemicals are vastly used in various sectors including food & beverages, construction, pharmaceutical, mining, oil & gas, electronics and others for numerous applications. These chemicals are distributed to the end-users by direct sellers and third-party distributors via online and offline platforms. These chemical distribution companies are also engaged with various services including packaging, storage, blending & mixing, waste removal and others for the chemicals.
The increasing demand for chemicals in the industries has resulted in expanding distribution networks with more efficient networks and comprehensive customer coverage. The market dynamics of the market has been affected by the presence of the pandemic globally.
Chemical Distribution Market Dynamics
The global chemical distribution market growth is driven by introducing digitalization in chemical distribution, increasing demand for chemicals from the end-user industries, and expansion of distribution channels.
Introduction to digitalization in chemical distribution
Increased global competition, rising costs and lack of capacity are shifting chemical distribution towards digitalization as a solution for profitable growth. The digitalization of the chemical distribution is a significant step in developing business models enabling closer interaction with business partners and better access to customers. Many chemical suppliers, distributors and industry startups are creating online platforms and increasing digital connectivity. As the industry increasingly moves towards digitalization, it will help the industry to boost industry transparency and connectivity along the value chain.
In 2020, Brenntag will start selling coating, paints, adhesives and sealants in Germany through sales platform CheMondis, a subsidiary of chemicals producer LANXESS with a broader range of products and better connectivity.
Expansion of distribution channels
The chemical distribution channels have been evolving with increasing demand for specialty and bulk products from numerous industries, such as petroleum, oil and gas, and construction, fuelling chemical distribution in the forecast period. The market has observed a significant expansion with developments from the key market players.
For instance, In 2020, Brenntag has signed an agreement to acquire Alpha Chemical Ltd., focusing on several key industries including Mining, Oil & Gas, Water Treatment and Aquaculture. Moreover, in 2021, A&R Logistics, a supply chain service for the chemical industry, acquired Luckey Trucking, a provider of dry bulk, liquid bulk, dry van transportation, warehousing and logistics services to the chemical industry.
Governmental regulations associated with chemicals
The chemical distribution market is impacted by stringent governmental regulations on the use, transportation, handling and manufacturing of chemicals, such as the Toxic Substances Control Act, Safe Chemicals Act. The regulatory bodies have imposed strict regulations on various types of chemicals that will act as a major factor responsible for restraining market growth.
Moreover, the chemical distribution market is also hampered by disruption in feedstock supply due to rising trade tensions, volatility in prices due to rising crude prices, volatility in foreign exchange and risk of global economic slowdown.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the chemical distribution industry have seen a notable impact as all the production work, factories and other activities were closed. The production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still imposed various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
The losses in the chemical distribution sector incorporated with the reduced demand for chemicals in mining, food & beverages, oil & gas, electronics and other associated industries. On the other hand, the pharmaceutical sector was the only industry to observe high demand for the manufacturing of plasma and medicines amid the pandemic.
Chemical Distribution Market Segment Analysis
By industry, the chemical distribution market is broadly classified into pharmaceutical, oil & gas, electronics, construction and others.
The pharmaceutical industry is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The pharmaceutical industry is expected to hold the largest market for the chemical distribution market due to the increased demand for medicines around the world amid the pandemic. Pharmaceutical chemicals have been in great demand globally to provide various crucial drugs against the Covid 19 disease. According to the industry analysis, in 2019, the U.S was the largest pharmaceutical market, generating around 490 billion U.S. dollars and Europe accounted for the sales of 195 billion U.S. dollars.
The companies offer a wide range of product lines for the pharmaceutical industry including acids, APIs, alkalis, binders, buffers, coatings, disintegrants, fillers, emulsifiers, flavors, humectants, lubricants, solvents, surfactants, sweeteners, thickeners. Also, the companies have been providing various services in the pharmaceutical sector such as supplier audits in line with industry standards, regulated product, product testing to meet performance specifications, packaging, customized supply chain and packaging solutions, pharmaceutical documentation, product traceability and process change controls, container handling.
Chemical Distribution Market Geographical Analysis
North America region holds the largest market for the global chemical distribution globally
North America region holds the largest market share for the chemical distribution market globally and is expected to continue its dominance in the forecast period. U.S has the largest market for chemicals globally; however, the chemical market has been impacted by the pandemic severely. According to the American Chemistry Council Report, total chemical production volume fell by 3.6 % in 2020 and is forecasted to grow by 3.9 % in 2021 and 2.7 % in 2022; essential chemicals production is projected to grow by 5 % in 2021 and 3.2% in 2022. Also, by 2025, net exports of chemicals will reach $37 billion.
The National Association of Chemical Distributors is a significant association of chemical distributors and their supply-chain partners in the region. NACD represents the chemical distribution industry employing over 80,000 people and generating nearly $7.5 billion in revenue for local communities across the U.S while delivering valuable products to every industry sector. The market has also been expanding with the presence of the leading market players such as Univar Solutions is one of the leading chemical distribution company in the region with top ICIS 2019 Chemical Distributors Ranking in North America worth sales of $6.3 Billion revenue.
Chemical Distribution Competitive Landscape
The chemical distribution market is consolidated with the presence of global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Univar AG, Alpha Chemical Ltd., Helm AG, Brenntag AG, Azelis Holdings SA, A&R Logistics, Exxon Mobil, Nexeo Solution, IMCD Group, BASF SE, Biesterfeld AG and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions and collaborations, contributing to the growth of the chemical distribution market globally.
Overview: Univar Solutions was founded in 1924 and is engaged in chemical manufacturing, food ingredients, beauty & personal care, lab& formulation services and homecare & industrial cleaning. The company offers various services including distribution & logistics to technical and business solutions such as laboratory services, blending, mixing and packaging.
Product Portfolio: The Company offers a wide range of chemicals including aviation fuel additives, amines, enzymes, additives, hydrocarbons, monomers, oleochemicals and others.
Key Development: In 2021, Univar Solutions formed a strategic partnership with Dow Company to distribute agricultural silicone-based foam-control products in Mexico.
The global chemical distribution market report would provide access to an approx: 77 market data table, 68 figures and 260 pages.
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