Impact Assessment of COVID-19 Outbreak on Chemical Distribution Market

Chemical Distribution Market

Chemical Distribution Market: Introduction

With the chemicals industry taking up innovative measures to counter the slowdown in the supply chain system, the global chemical distribution market is witnessing a decent rise in its valuation. Chemical distributers across the world are adopting sustainable practices for safe transportation of chemicals and materials, thereby building credibility among chemical suppliers.

This report by Transparency Market Research (TMR) focuses on the trends and factors responsible for the changing dynamics in the chemical distribution market. It also makes predictions about the future status of this market.

Enquiry Before Buying:

Chemical Distribution Market: Notable Developments

  • Stockmeier Group, one of the leading chemical distributors across the world, has recently entered into a partnership agreement with Quaron Belgium and Contichim International. The chemical distributor aims at expanding its network in Belgium with this strategic initiative. This move is expected to impact the global chemical distribution market positively in the long run.
  • The demand for AdBlue is skyrocketing. Brenntag, a global leader in chemical distribution, produces and supplies AdBlue across the world. This increase the usage of AdBlue is likely to help reduce harmful particulate matter and nitrogen oxides significantly.

Helm AG, Univar Inc., Brenntag AG, Nexeo Solution Holding LLC, ICC Chemicals, Inc., Barentz B.V., Azelis Holding S.A., Omya AG, Jebsen & Jessen Offshore Pte. Ltd. TER Group, Solvadis, and Ashland, Inc., are some of the key chemical distributors in the world in the chemical distribution market.

Request For Custom Research

Chemical Distribution Market Dynamics

Demand for Bulk Products in Middle East to Contribute in Market Growth

The increasing demand for reachable supply chain network among consumers has boosted the global chemical distribution market, significantly. The rise in the demand for chemicals in various end-use industries, such as automotive, electronics, construction, infrastructure, and pharmaceuticals, is also supporting the growth in this market, remarkably.

The demand for specialty and bulk products from various industries, such as oil and gas, petroleum, and construction, is likely to increase in the Middle East, especially in Qatar, Dubai, and Saudi Arabia, fuelling the need for chemical distribution in the near future. 

Buy Now :

Shale Gas Feedstock Benefits to Keep North America Ahead of Others 

Geographically, North America leads the global chemical distribution market. In 2017, it accounted for nearly 15% of the overall revenue generated in this market. With feedstock benefits stirring the market up and massive demand-supply rebalancing, this regional market is likely to remain on the top over the next few years. After economic recovery, the U.S. has gained significant operational cost advantages from shale gas feedstock, improving the profitability of a number of chemical companies in the chemical distribution market.

Recent economic crisis in the developed market, such as collapsing of the Eurozone, however, has incited chemical companies to explore other markets. Europe is expected to register a steady rise in the demand for chemicals in the near future, which, in turn, is projected to attract heavy investments from key players. Constant development in infrastructure and improvement in the manufacturing sector are also anticipated to support the growth in the regional chemical distribution market.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.