The Latest Chemical Distribution Industry Statistics Explained
The global chemical distribution market size was valued at USD 247.1 billion in 2020.
The statistic indicates that the global chemical distribution market had a total value of USD 247.1 billion in the year 2020. This figure represents the total sales revenue generated by the distribution of chemicals on a worldwide scale during that specific time period. The market size reflects the significant economic activity within the chemical distribution sector, involving the buying, selling, and distribution of various chemical products across different industries. This statistic serves as a key indicator of the industry’s overall performance and its importance in the global economy, highlighting the substantial financial value associated with the trading and distribution of chemicals.
Europe held the largest revenue share of more than 48.0% in the overall chemical distribution market in 2020.
The statistic indicates that in 2020, Europe dominated the global chemical distribution market by holding more than 48.0% of the total revenue share. This suggests that Europe had the highest level of sales and generated the most revenue compared to other regions worldwide within the chemical distribution industry. The strong market presence of Europe highlights its significant role in this sector and showcases its competitive advantage and leading position in supplying chemicals to various industries. This statistic underscores Europe’s importance as a key player in the global chemical distribution market and reflects its economic influence and market share in this specific industry.
Expected CAGR for the global chemical distribution market from 2021 to 2028 is 5.7%.
The expected compound annual growth rate (CAGR) of 5.7% for the global chemical distribution market from 2021 to 2028 indicates the average annual growth rate at which the market is projected to expand over this time period. This statistic suggests that, based on current trends and forecasts, the market is expected to grow steadily at a rate of 5.7% per year on average. A CAGR of 5.7% indicates a moderate but consistent growth trajectory for the industry, which can be influenced by factors such as economic conditions, technological advancements, and regulatory changes in the chemical sector.
The Asia Pacific sector is expected to grow at the fastest CAGR of 7.4% from 2021 to 2028.
The statement indicates that the compound annual growth rate (CAGR) for the Asia Pacific sector is projected to be 7.4% over the period from 2021 to 2028. This implies that the industry within the Asia Pacific region is expected to experience consistent growth at an average annual rate of 7.4% during the specified timeframe. A higher CAGR suggests a faster rate of growth compared to other regions or sectors, highlighting the potential for significant expansion and development in the Asia Pacific sector over the next several years. This statistic is crucial for investors, policymakers, and businesses looking to capitalize on the opportunities presented by the growing market in the Asia Pacific region.
The specialty segment accounted for 56.1% of the global chemical distribution market in 2020.
The statistic that the specialty segment accounted for 56.1% of the global chemical distribution market in 2020 indicates that within the broader chemical distribution industry, a significant portion of sales and activity is concentrated in specialty chemicals. This suggests that specialized, high-value chemicals designed for specific industrial or commercial applications play a key role in driving the market’s revenue and growth. It also implies that businesses operating within the specialty segment may have a notable influence on market trends, innovation, and competition within the chemical distribution industry on a global scale.
The global chemical distribution market was valued at about $267 billion in 2020.
The statistic ‘The global chemical distribution market was valued at about $267 billion in 2020’ represents the total estimated worth of the chemical distribution industry worldwide during the specified year. This figure includes the combined value of all chemical products that were distributed through various channels within the market. It serves as a crucial metric to assess the size and economic significance of the global chemical distribution sector, highlighting its substantial contribution to the overall economy. This statistic is essential for industry stakeholders, policymakers, and investors to understand the market landscape, make informed decisions, and identify trends and opportunities for future growth and development.
The global chemical distribution industry is expected to reach $344 billion by 2025.
The statistic stating that the global chemical distribution industry is expected to reach $344 billion by 2025 signifies a forecasted growth in the industry’s market size over the next few years. This prediction indicates an upward trajectory in both the demand for chemicals and the distribution services that facilitate their supply to various sectors. Factors such as increasing industrialization, technological advancements, and globalization likely contribute to this anticipated expansion. As a crucial component of the supply chain for a wide range of industries, the growth in the chemical distribution sector can have far-reaching implications for global trade, economic development, and innovation in a variety of fields.
Between 2021-2028, Latin America will see the slowest growth in the chemical distribution market, at a CAGR of 3.8%.
The statistic indicates that the chemical distribution market in Latin America is projected to experience the slowest growth rate among all regions between 2021 and 2028, with a compound annual growth rate (CAGR) of 3.8%. This suggests that the expansion of the chemical distribution sector in Latin America is expected to be more moderate compared to other regions during the specified time frame. Factors such as economic conditions, market demand, regulatory environment, and competitive landscape likely contribute to this slower growth rate. It is essential for businesses and policymakers in the chemical distribution industry in Latin America to closely monitor and adapt to these trends to remain competitive and navigate the evolving market dynamics in the region.
The top five players accounted for only 30% share of the global chemical distribution market in 2020.
The statistic indicates that in 2020, the global chemical distribution market was characterized by a relatively low level of concentration among the top players, with the top five companies collectively holding a market share of only 30%. This suggests a highly fragmented market with a diverse range of competitors, as the market is not dominated by a few major players. The remaining 70% of the market is likely dispersed among numerous smaller companies, indicating a competitive landscape where a multitude of firms are vying for market share. This level of market concentration can have implications for competition, pricing dynamics, and strategies employed by companies operating in the chemical distribution industry.
The End-user industry segment dominated by the pharmaceutical industry, accounted for more than 24.3% of the market share in 2020.
This statistic indicates that the pharmaceutical industry had a significant influence on the market in 2020, with a market share amounting to over 24.3%. This dominance in the end-user industry segment signifies the substantial role played by pharmaceutical companies in the overall market landscape. It suggests that the demand for pharmaceutical products and services was substantial compared to other end-user industries during the specified period. This statistic highlights the importance and impact of the pharmaceutical sector on the market dynamics and underscores its significance in driving market trends and growth in 2020.
Around 90% of sales in the chemical distribution market are made to over 1 million customers.
This statistic suggests that the chemical distribution market is characterized by a concentrated customer base, with a significant majority of sales, approximately 90%, being generated from a relatively small number of customers, specifically over 1 million customers. This indicates that a large portion of the market demand is driven by a relatively small group of clients, highlighting the importance of building strong relationships and catering to the specific needs of these key customers in order to succeed in this industry. Additionally, it implies that companies operating in this market may benefit from focusing their marketing and sales strategies on retaining and expanding business with these major customers to sustain and grow their market share.
The end-use industry for chemicals includes agriculture, which held an 8.9% share in the global chemical distribution market in 2020.
This statistic indicates that the agriculture sector accounted for 8.9% of the global chemical distribution market in 2020. The end-use industry for chemicals encompasses various sectors that utilize chemicals in their operations, with agriculture being one of them. Chemicals play a crucial role in agriculture for activities such as crop protection, fertilization, and soil amendment. The significant share of agriculture in the global chemical distribution market reflects the industry’s reliance on chemical products to enhance agricultural productivity, meet food demand, and ensure sustainable farming practices. This statistic underscores the importance of the agriculture sector as a key player in the global chemical industry and its impact on food production and environmental sustainability.
End-use industries like polymers and plastics accounted for 16.0% of the market share in 2020.
The statistic ‘End-use industries like polymers and plastics accounted for 16.0% of the market share in 2020’ indicates that within the overall market, specifically in the context of end-use industries, polymers and plastics held a significant portion, comprising 16.0% of the total market share in the year 2020. This suggests that these industries played a substantial role in the market landscape during that period, with their products likely being widely utilized across various sectors such as packaging, construction, automotive, and more. The statistic highlights the importance and prevalence of polymers and plastics within the broader market context in 2020.
The U.S. market size for chemical distribution was valued at $61.5 billion in 2020.
The statistic “The U.S. market size for chemical distribution was valued at $61.5 billion in 2020” indicates the total value of the market for distributing chemicals within the United States during the specified year. This figure represents the total revenue generated by companies involved in the distribution of various types of chemicals across different industries. The market size serves as a key metric for assessing the overall economic significance and scope of the chemical distribution industry in the U.S., offering insights into the scale of operations, competitiveness, and growth opportunities within this sector. Furthermore, tracking changes in the market size over time can help industry stakeholders make informed decisions regarding investments, strategic planning, and market positioning.
In China, the chemical distribution market is expected to witness a high CAGR of 8.2% from 2021 to 2028.
This statistic indicates that the chemical distribution market in China is projected to experience a Compound Annual Growth Rate (CAGR) of 8.2% from 2021 to 2028. This forecast suggests a strong and consistent growth trend in the industry over the specified period. A high CAGR such as 8.2% implies that the market is expected to expand rapidly, driven by factors such as increasing demand for chemicals, technological advancements, expanding industrial activities, and favorable government policies. This data is valuable for industry stakeholders, investors, and policymakers as it indicates opportunities for growth and investment in the Chinese chemical distribution market in the coming years.
The global chemical distribution market is highly fragmented with over 10,000 companies operating worldwide.
This statistic conveys that the global chemical distribution market is characterized by a large number of companies, with over 10,000 actively operating on a worldwide scale. The term “fragmented” suggests that no single company or a small group of companies dominate the market, instead, it is dispersed among numerous players of varying sizes and geographical locations. This fragmentation often leads to intense competition within the industry as companies compete for market share and customer contracts. Furthermore, the presence of a large number of players indicates a diverse and dynamic market environment, with companies offering a wide range of products and services to meet the diverse needs of customers in the chemical distribution industry.
Middle East & Africa accounted for less than 3% of the global market share in chemical distribution in 2020.
In 2020, the Middle East & Africa region had a relatively small impact on the global market for chemical distribution, representing less than 3% of the overall market share. This statistic suggests that the chemical distribution industry in the Middle East & Africa region had a limited presence and influence compared to other regions on a global scale. Factors such as market size, regulatory environment, infrastructure, and competitive landscape may have contributed to the lower market share in this region. Investment and growth opportunities in the Middle East & Africa chemical distribution sector may be relatively untapped compared to other regions, indicating potential for expansion and development in the future.
Some of the leading companies in the global chemical distribution market are Brenntag AG, Univar Solutions, and Nexeo Solutions.
The statement “Some of the leading companies in the global chemical distribution market are Brenntag AG, Univar Solutions, and Nexeo Solutions” highlights three prominent companies that are major players in the chemical distribution industry on a global scale. Brenntag AG, Univar Solutions, and Nexeo Solutions are recognized for their significant market presence and influence within the chemical distribution sector, indicating that they likely hold a substantial market share and are key competitors in the industry. This statistic underscores the importance and prominence of these companies in driving the distribution of chemicals worldwide.
The distribution of chemicals in the coatings & construction industry made up 15.3% of the market share in 2020.
The statistic that the distribution of chemicals in the coatings and construction industry made up 15.3% of the market share in 2020 indicates the proportion of the total market that this specific sector accounted for during that year. This implies that out of all the industries and sectors within the market, the coatings and construction industry was responsible for a significant portion of the distribution of chemicals. This statistic is crucial for stakeholders in the coatings and construction industry, policymakers, and investors as it provides insight into the industry’s performance and significance within the larger market landscape. Additionally, trends in this market share over time can offer valuable information regarding the growth and competitiveness of the coatings and construction industry.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.bizvibe.com
