Heat Transfer Fluids Market Set Explosive Growth to 2027

04/gen/2021 11:25:21 Grand View Research Contatta l'autore

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The global chemical distribution market size is projected to reach USD 361.73 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.3% during the forecast period. The market has witnessed a rebound in the number of mergers and acquisitions over the past few years owing to the rising focus of major players on inorganic growth to fill regional footprint and product portfolio.

The portfolio of distributors across the globe include a range of specialty and commodity chemicals. Specialty products such as Coatings, Adhesives, Sealants, and Elastomers (CASE), polymers and resins, agrochemicals, and construction chemicals are consumed in low quantities and are anticipated to witness significant growth in the coming years. These chemicals are under high scrutiny from the regional governments and are hence produced by specialized manufacturers.

Specialty and commodity compounds are primarily consumed by end-use industries, such as construction, automotive, infrastructure, electronics and pharmaceuticals. Asia Pacific has witnessed rapid growth in demand for chemicals owing to growing industrialization, especially in China. The rise in production of electronics coupled with spending capacity of the consumers has led to a high demand for electronic grade raw material, thereby positively affecting the growth in the country.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/chemical-distribution-market

Increasing globalization is anticipated to encourage small and large manufacturing companies undergo strategic alliances with international players to achieve structural efficient cost, market share and competitive advantage to serve their global consumers in a better way. Chemical producers are adopting acquisition as a key strategy to enhance their consumer reach and strengthen their supply chain.

The dependence of manufacturers on distributors for safe delivery of loose and non-bulk chemical substances and handling various logistics requirements including custom blending and repackaging is another factor posing a challenge in the chemicals supply chain. Various regulatory authorities such as the National Association of Corporate Directors (NACD) ensures the establishment of safety standards for transportation and distribution of products across North America, whereas Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) monitors the safety standards in Europe.

Chemical Distribution Market Report Highlights

·         Specialty compounds are expected to emerge as the fastest-growing type at 5.8% CAGR from 2020 to 2027 due to the rising demand from application-specific chemicals, especially in the pharmaceutical and polymer industries

·         Commodity chemicals accounted for a market share of over 60%, in terms of revenue in 2019 on account of low cost and high production volumes

·         Petrochemicals segment is anticipated to witness a CAGR 5.2% from 2020 to 2027 due to the recovery of the overall manufacturing sector along with a high demand for downstream products such as diesel oil, lubricants LPG and others

·         Asia Pacific is anticipated to remain a lucrative market for CASE owing to several investments and capacity expansions in emerging economies such as India, Thailand, Indonesia, and Malaysia

·         Middle East and Africa is expected to witness a CAGR of 5.0% from 2020 to 2027 on account of rising focus of economies such as Dubai, UAE, and Bahrain on expansion of non-oil based industries

·         Some of the key players operating in the chemical distribution market are Univar AG, Helm AG, Brenntag AG, Azelis Holdings SA, IMCD Group, BASF SE and Biesterfeld AG.

Chemical Distribution Market Segmentation

Grand View Research has segmented the global chemical distribution market on the basis of product, end-use, and region:

Chemical Distribution Product Outlook (Revenue, USD Billion, 2016 - 2027)

·         Specialty Chemicals

o    CASE

o    Agrochemicals

o    Electronic

o    Construction

o    Specialty Polymers & Resins

o    Others

·         Commodity Chemicals

o    Plastic & polymers

o    Synthetic Rubber

o    Explosives

o    Petrochemicals

o    Others

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