Visiongain Publishes Chemical Distribution Market Report to 2031
06 August 2021
Visiongain has published a new report Chemical Distribution Market Report to 2031: Product Outlook (CASE, Agrochemicals, Electronic, Construction, Specialty Polymers & Resins, Plastic & polymers, Synthetic Rubber, Explosives, Petrochemicals, Other Product) End-Use Outlook (Automotive & Transportation, Construction, Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Pharmaceuticals, Downstream Chemicals, Textiles, Automotive & Transportation, Electrical & Electronics, Industrial Manufacturing, Others) Distribution Channel Outlook (Business to Business, Retain Distributors, Contract Suppliers, Other Distribution Channel) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Chemical Distribution would be around $xx million in 2020 and is projected to grow at a CAGR of xx% during the forecast period 2021-2031. Increased chemical consumption throughout the construction, pharmaceutical, polymers and resins industries and high complexity will likely increase customer reach for chemicals distributors in years to come. The increasing trend towards sustainable and green infrastructure drives demand for specialty construction chemicals in the USA. Thus, even from the developed economies such as the USA, Germany and the UK, specialty product distributors benefit from the demands for such chemicals.
Distribution Of Commodity And Specialty Chemicals By Third Parties Is Anticipated To Witness Significant Growth
For the industrial and manufacturing industries, the chemical industry manufactures and delivers important raw material. These feedstocks are distributed by third parties or directly sold by producers to end-users. Third parties should be expected to distribute the products and specialty chemicals to a considerable degree of growth than products directly to end users due to the outsourcing of value-added services, for example logistics, packaging, blending, waste disposal, inventory management and technical training.
The U.S. market for chemical distribution is driven by sustained construction activities
Sustainable building activities and high consumer purchasing power drive the American chemical distribution sector. Business investment in the housing sector is increasing pace and helping the chemical industry to create momentum. It is expected that this tendency would result in the manufacturing sector expanding significantly and will have a beneficial impact on the general market. The growing trend of sustainable and green infrastructure in the US is driving demand for specialised building chemicals. Thus even from established economies such as the US, Germany and the UK, specialty product distributors benefit from the demand for such chemical substances.
The Growth In Other End-Use Industries Is Anticipated To Drive The Global Demand For Chemicals
Increase of the worldwide demand for chemicals is predicted in various end-user sectors, such as automotive, pharmaceutical and electronics, along with robust expansion in the industries. The third-party distribution channel should also profit from this factor. Globally, suppliers utilize varied channel methods including product knowledge, local expertise and a robust logistics network in a highly fragmented market, so that they acquire a competitive advantage.
The third-party distribution companies are also expected to encounter intense competition from direct suppliers, in addition to rising industrial competitiveness. These include multinationals like BASF SE, Arkema, Honeywell International and Lanxess AG. These firms have considerable investment capacity and a strong network and large geographic presence with end-users. Direct sales channels give bulk discounts and lower profit margins for third parties.
Major Manufacturers Are Shifting Their Manufacturing Bases In The Middle East And Africa (MEA)
Due to the inexpensive availability of petrochemical foodstuffs, major firms are moving their production centers in the Middle East and Africa (MEA). However, due to the low labor costs and fast economic growth, some other businesses are growing their production in Asia. In the last few years also, specialty chemical consumption and retail activities have been driven by trade liberalisation, breaking up of numerous economic barriers, spread of advanced processing technology, and rapid growth in industrialization in Asia, along with increasing living standards in many developing countries.
Asia Pacific Emerged As The Leading Regional Market
Asia Pacific was the dominant geographic market in 2020, representing 58.6% of total revenues. Increased production activity and a substantial increase in disposable income per capita is predicted to stimulate demand over the projection period. Countries like China, India, Malaysia, Vietnam and Thailand witness the development of automotive, building, electrical and electronic sectors. In addition, the region's chemical production is expected to increase at an incredible rate, with large businesses concentrating on high-chance markets. In Asia Pacific, commodity compounds are expected to continue to be the leading segment.
Key Questions Answered in the Report
• What can be the best investment options for new product and service lines?
• In order to make new research and development funding, what value proposals should businesses target?
• Which rules will enhance the supply chain network for stakeholders?
• In which regions in certain segments the demand may mature in the near future?
• What are some of the best cost optimization strategies with suppliers with which some well-trained players succeed?
• What are the key prospects for moving companies into a new growth path? C-suite?
• What regulations in government could challenge the status of key regional markets?
• How will the emerging political and economic scenario affect chances in key fields of growth?
• In different segments, what are the value-taking opportunities?
• How are new players on the market going to prevent entry?
Which key players are the champions of Chemical Distribution market?
The third parties distributors will also face strong competition from direct suppliers, in conjunction with a high level of industry rivalry. These companies have a high investment capability, as well as a strong connectivity with end users and a wide geographic presence, among other multinationals, such as BASF SE, Arkema, Honeywell International, Lanxess AG. Direct channels offer bulk discounts and reduce profit margins for third parties.
Azelis Holdings SA
Advanced Chemical Concepts
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Chemical Distribution.
The Chemical Distribution Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
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