11 September 2019
Visiongain’s new report the Chemical Distribution Market Report: Forecasts by Product (Plastics, Agrochemicals, Specialty Polymers, Commodity Chemicals), by Application (Automotive & Transportation, Construction, Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Oil & Gas Mining, Healthcare & Pharmaceuticals, Food Processing), by Region and Analysis of Leading Companies Operating in This Industry. Global chemical distribution market was valued at more than USD 200 billion in 2018 and is expected to grow on account of increasing demand for automotive, construction, oil & gas, and agrochemicals industry.
The market is witnessing a significant evolution as a result of vendors consolidating with strategic initiatives, such as merger & acquisition, research & development, partnership, and joint ventures, to strengthen supply in developing economies such as India, China, Japan, Brazil, Saudi Arabia, and UAE. Commodity and specialty chemical distribution by intermediators has been significantly growing than the sale of products by direct distribution channels through suppliers owing to outsourcing of value-added service. Apart from the basic tasks of selling and transporting, distributors also offer value-added services, such as logistics, blending, packaging, inventory management, waste removal, and imparting technical training.
The sector is motivated by the increasing demand for services from consumers and the network of accessible supply chain. In addition, it is anticipated that increased demand from end-use sectors, including building, automotive, infrastructure, electronics, and pharmaceuticals, will stimulate market growth. The chemical industry generates and supplies businesses in the industrial and manufacturing industries with vital raw materials. These products can be spread by containers, barrels, pipelines, bags or tiny packages to customers or customers.
Construction industry is a dominant consumer of plastics, adhesives, sealants, coatings, and various chemicals including waterproofing compounds, mortars, admixtures, and grouts. Recently, the International Finance Corporation (IFC) of the World Bank Group invested over USD 4 billion in the building materials sector that helped boost the availability of affordable local sources.
Specialty polymers such as thermosets, composites, thermoplastics, and resins are increasingly being used in several high-performance applications as they have inherent noise control, tensile strength, viscosity, and waterproofing, and are highly shock-absorbent and heat-and chemical-resistant. Exponential growth throughout Asia Pacific in the plastics industry and the introduction of bio-based polymers has had a beneficial effect on the market for specialty chemicals.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
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.
A higher demand for medical electronics such as pacemakers, defibrillators, drug-releasing pumps, hearing aids, diagnostic equipment etc. is providing the coating industry with some significant market opportunities. The manufacture of lower priced devices which are produced in higher volumes (for example personal health monitors) is continuing to be moved offshore to take advantage of the lower cost of production.
12 April 2021
One of the most important drivers aiding the growth of engineering plastics compounds are unexplored opportunities of replacing metals not only in automobiles, but also in the application areas of household appliances, construction, and infrastructure, to list down a few.
09 April 2021
The production of domestic phosphate rock in 2019 was reduced by the temporary closure of one mine in Florida and the reduction of phosphate rock inventories by companies. Because of lower output of phosphoric acid and fertiliser, domestic consumption was 4 % lower.
01 March 2021
For optimum crop production in relation to fertiliser, phosphorus is an essential macronutrient. Bone meal, fertiliser, and superphosphate rocks are the source of phosphorus.