Reports and Data's latest research study on the Chemical Distribution market gives a thorough analysis of it. In this report, the global Chemical Distribution market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Chemical Distribution market.

The global chemical distribution market size was valued at USD 244.47 billion in 2022 and is expected to register a revenue CAGR of 2.7%. Rising chemical demand across various sectors, including automotive, building, pharmaceutical, and agricultural industries, is the major factor driving market revenue growth. Revenue growth of the market is expected to be driven by rising demand for specialty chemicals and customized solutions in end-use industries.

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Market Overview:

Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.

While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.

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Research Methodology: Chemical Distribution Market

The research methodology adopted by analysts to compile the Chemical Distribution market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Chemical Distribution market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Chemical Distribution market.

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For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Chemical Distribution market.

Strategic Developments:

  • On 29 January 2021, Brenntag AG announced its acquisition of ICL Performance Products, which is a leading supplier of specialty chemicals. The acquisition is expected to enhance Brenntag's product portfolio and expand its market presence in the U.S. and European markets.
  • On 1 March 2019, Univar Solutions Inc. announced its acquisition of Nexeo Solutions Inc., which is a leading chemical distributor in the US. The acquisition was aimed at expanding Univar Solutions' product offerings and strengthening its presence in the North American market.
  • On 21 January 2020, Azelis S.A. announced its acquisition of Megafarma, which is a leading distributor of specialty chemicals in Brazil. The acquisition was aimed at strengthening Azelis' position in the Brazilian market and expanding its product portfolio in the Latin American market.
  • On 20 August 2020, IMCD N.V. announced its acquisition of VitaQualy, which is a leading distributor of Food Ingredients in Brazil. The acquisition was aimed at expanding IMCD's product offerings in the food ingredients market in Brazil and strengthening its presence in the Latin American market.

About Reports and Data

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