The report presenting a comprehensive exploration of the global Chemical Distribution Market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Wooden Decking industry in the near future.
Asia Pacific is likely to propel at a significant rate in the forecast timeframe due to presence of large number of small & medium sized chemical manufacturers. Major factors driving the growth in this region are rising consumer size, expanding digitalization, developing economy and expanding end-user industries. North America is another key region in the chemical distribution market due to presence of key participants. These participants have a better market reach and reduces the complexity in the global supply chain. Their superior logistics management and technical know-how helps these companies to strengthen their presence globally.
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The chemical distribution market is segmented based on products, end-user and region. The major two product segments are commodity and specialty products. The specialty segment is likely to gain a significant growth rate in the coming years due to its rising demand from various industries. This product type is manufactured to perform specific functions and its distribution has been evolving in the past years in order to reach small customers. Rising developments in the construction and automotive sector is likely to propel the growth in this segment.
Based on end-user, the chemical distribution market is segmented into construction, automotive & transportation, electronics, food & beverage, packaging, energy, etc. Automotive & transportation is likely to occupy a significant share in the market owing to rising demand for products like coatings, paints, sealants, polymers etc. Rising trend in the production of light-weight vehicles has immensely increased the demand for polymer products in the automotive industry. Hence, the market has helped in making cost effective products offered by Asian manufacturers available in the global market.
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Rising demand for specialty chemicals in various industries would be another growth driver in the chemical distribution market. These specialty products are majorly consumed by end-users like construction, electronics, cosmetics, agriculture, etc. The global construction industry spending is likely to increase from about USD 9 trillion in 2014 to over USD 14 trillion by 2025.
The major activities of these suppliers include formulation, product mixing, packaging, storage, product handling & logistics. They also provide various customer services like technical services, regulatory compliance, packaging & labeling, documentation, etc. Such extensive services provided by the suppliers helps in reducing the cost burden on budding manufacturers and in turn increase growth in the chemical distribution market.
Rising environmental concerns and carbon emission limits are some factors which has led these players to take sustainable steps to maintain their position in the market. Some of the main chemical distribution market players are Brenntag AG, Helm AG, Univar Inc., O-mya AG, Nexeo Solutions, Stockmeier Group, Azelis, Biesterfeld AG, IMCD, Royal Vopak N.V., Global Chemical Resources, KPL International Limited, Azelis, Parchem Fine & Specialty Chemicals etc.
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