Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The chemical industry, consisting of production, distribution and consumption, is an important driver of the global economy. About 90% of the chemical production is distributed by the production companies, leaving 10% share for (third party) distributors. Chemical distributors are a vital part of integrated chemical supply chains from producers to customers. These producers consider leading distributors as an important element of their go-to market strategies including opening new markets & customer segments and complexity reduction in marketing and sales. By offering efficient logistics for smaller quantities, complemented by value-added services, the chemical distributors reduce complexity for customers and suppliers. As a result, producers are handing more and more marketing of smaller quantities to distributors. This outsourcing trend is set to continue, despite that some markets of processing companies are consolidating.
The global chemical distribution market is witnessing significant growth owing to factors such as growth of chemical & key end-use industries and increasing consolidation & M&A activities. The growth of (third party) chemical distribution as a result of increasing chemical consumption and outsourcing is expected to propel the market growth in future. The distribution market grew, amongst others, due to an increase in chemical consumption, outsourcing and the factors mentioned below. However, the market is hampered by growing environmental & safety concerns and complex supplier-distributor relationships.
The global pandemic of Coronavirus (COVID-19) outbreak has affected several industries badly all over the world. Many countries are under strict lockdown that has forced several sectors to shut down their operations and has caused economic crisis. Due to lockdown, industries such as construction, automotive & transportation and industrial manufacturing are also shutdown, and this has reduced the demand for Chemicals. However, as some countries have started to lift restrictions and gradually start business operations in various sectors in the second half of 2020 it is still challenging for the companies to get back to normal working conditions. Thereby, hampering the growth of the Chemical Distribution market.
The global Chemical Distribution market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region includes of U.S., Canada and Mexico. While Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Besides, Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa. North America accounted for the largest market share of the global chemical distribution industry in 2018. The region is anticipated to witness a significant growth in coming years owing to major demand-supply rebalancing and feedstock advantages revitalizing the industry. The market in U.S. has operational cost benefits from shale gas feedstock post economic recovery and thus improves the profitability of chemical companies in the industry, attracting regional firms from other economies. Moreover, the Asia Pacific is expected to show lucrative growth during the forecast period due to expanding manufacturing and infrastructure segments.
The report analyses the global Chemical Distribution market based on based on type, product, end use and geography. Based on type, the market is categorized into pipelines, containers, barrels and sacks. Based on product, this market is segmented into specialty and commodity. The specialty products are further segmented into construction, agrochemicals, electronics, CASE, specialty polymers & resins and other specialty products. Whereas, the commodity products comprise of plastics & polymers, synthetic rubber, explosives, petrochemicals and other products. On the basis of end use, the chemical distribution market is categorized into automotive & transportation, construction, agriculture, electrical & electronics, industrial manufacturing, consumer goods, textiles and others.
The key companies in the Chemical Distribution market are Ashland Inc., Azelis Holding S.A., BASF SE, Barentz B.V., Biesterfeld AG, Brenntag AG, Helm AG, ICC Chemicals Inc., IMCD Group, Jebsen & Jessen Offshore Pte. Ltd., Nexeo Solutions Holding LLC, Omya AG, Quimidroga, REDA Chemicals, Safic-Alcan, Solvadis, Stockmeier Chemie, TER Group and Univar Inc. amongst others. New product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for Chemical Distribution in the market.
The report analyses the global Chemical Distribution market based on type, product, end use and geography. Based on type, the market is categorized into pipelines, containers, barrels and sacks. Based on product, this market is segmented into specialty and commodity. The specialty products are further segmented into construction, agrochemicals, electronics, CASE, specialty polymers & resins and other specialty products. Whereas, the commodity products comprise of plastics & polymers, synthetic rubber, explosives, petrochemicals and other products. On the basis of end use, the chemical distribution market is categorized into automotive & transportation, construction, agriculture, electrical & electronics, industrial manufacturing, consumer goods, textiles and others.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa.
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