Dublin, Jan. 07, 2025 (GLOBE NEWSWIRE) — The “Specialty Chemical Distribution Market Report 2024” has been added to ResearchAndMarkets.com’s offering.
The specialty chemical distribution market size has grown strongly in recent years. The growth observed during the historical period can be attributed to increased chemical consumption, heightened demand for a range of chemicals, expansion of floor spaces, and enhanced transparency and traceability.
The specialty chemical distribution market size is expected to see strong growth in the next few years. It will grow to $125.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth during the forecast period can be ascribed to the expanding use across different end-user industries, growing awareness and adoption of vegan products, improving living standards, increased demand for personal care items, and a rising need for chemicals.
Key trends expected in this period include mergers and acquisitions, increased customization and personalization, collaborative supply chain models, and innovations in chemical formulation and product development.
The specialty chemical distribution market is expected to grow with the rising consumption of pharmaceuticals. Pharmaceuticals are medicines used to diagnose, treat, or prevent diseases in both humans and animals. The increasing demand for medications, driven by chronic disease management and the continual development of new drugs, boosts pharmaceutical consumption. Specialty chemical distribution supports the pharmaceutical industry by providing essential raw materials, ensuring a reliable supply chain, and aiding in the production of high-quality medications. For example, the European Federation of Pharmaceutical Industries and Associations reported in June 2023 that pharmaceutical production in Europe grew from EUR 323.95 billion ($353,672.41 million) in 2021 to EUR 340 billion ($371,195 million) in 2022. This rising pharmaceutical consumption is driving the expansion of the specialty chemical distribution market.
Companies in the specialty chemical distribution sector are concentrating on advanced chemical warehouse solutions to improve efficiency, safety, and regulatory compliance. These solutions focus on the safe storage and management of chemicals, adhering to regulations, and handling hazardous substances securely. For instance, in May 2023, Tricore Surfactants Technologies FZC, an agrochemicals plant based in the UAE, launched a new Dangerous Goods (DG) warehouse and a customized powder blending unit. Located at their plant in Sharjah’s Hamriyah Free Zone, this facility enhances their agrochemical production capabilities. The powder blending unit has a capacity of over 10,000 Metric tons (MT) per year, allowing the company to offer tailored solutions to global customers. The DG warehouse is designed to safely store hazardous substances and meets stringent safety and environmental standards.
In June 2023, Brenntag AG, a Germany-based chemicals distribution company, acquired Shanghai Saifu Chemical Development Co., Ltd. for an undisclosed amount. This acquisition is intended to strengthen Brenntag’s presence and expertise in the Chinese market, with a focus on the personal care sector. Shanghai Saifu Chemical Development Co., Ltd. is a China-based distributor specializing in personal care ingredients, including specialty chemicals, coatings, emulsion polymerization, and cleaning chemicals.
Major companies operating in the specialty chemical distribution market are Brenntag, Univar Solutions, Celanese, Wacker Chemie, IMCD, Azelis Group, H.B. Fuller Company, Jebsen & Jessen, Omya, ICC Industries, Ferro Corporation, Elementis, Vantage Specialty Chemicals, Barentz International, Helm, Stockmeier Group, Trecora Resources, Wilbur Ellis Holdings, REDA Chemicals, Quimidroga, Houghton International, ChemPoint.com, Ter Group, Solvadis Deutschland and Biesterfeld.
This report focuses on specialty chemical distribution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Markets Covered:
- By Product: Computer-Aided Software Engineering (CASE); Agrochemicals; Electronic; Construction; Specialty Polymers And Resins; Flavor And Fragrances; Other Products
- By Service: Transportation; Warehousing; Other Services
- By End-User: Chemical Industry; Pharmaceutical Industry; Specialty Chemical Industry; Other End-Users
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $91.13 Billion |
| Forecasted Market Value (USD) by 2028 | $125.3 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Specialty Chemical Distribution Market Characteristics
3. Specialty Chemical Distribution Market Trends and Strategies
4. Specialty Chemical Distribution Market – Macro Economic Scenario
5. Global Specialty Chemical Distribution Market Size and Growth
5.1. Global Specialty Chemical Distribution Market Drivers and Restraints
5.2. Global Specialty Chemical Distribution Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Specialty Chemical Distribution Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Specialty Chemical Distribution Market Segmentation
6.1. Global Specialty Chemical Distribution Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Computer-Aided Software Engineering (CASE)
- Agrochemicals
- Electronic
- Construction
- Specialty Polymers and Resins
- Flavor and Fragrances
- Other Products
6.2. Global Specialty Chemical Distribution Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Transportation
- Warehousing
- Other Services
6.3. Global Specialty Chemical Distribution Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Chemical Industry
- Pharmaceutical Industry
- Specialty Chemical Industry
- Other End-Users
7. Specialty Chemical Distribution Market Regional and Country Analysis
7.1. Global Specialty Chemical Distribution Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Specialty Chemical Distribution Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8-29. Country Specific Specialty Chemical Distribution Market Analysis
30. Specialty Chemical Distribution Market Competitive Landscape and Company Profiles
30.1. Specialty Chemical Distribution Market Competitive Landscape
30.2. Specialty Chemical Distribution Market Company Profiles
30.2.1. Brenntag
30.2.2. Univar Solutions Inc.
30.2.3. Celanese
30.2.4. Wacker Chemie
30.2.5. IMCD
31. Specialty Chemical Distribution Market Other Major and Innovative Companies
31.1. Azelis Group NV
31.2. H.B. Fuller Company
31.3. Jebsen & Jessen Pte. Ltd.
31.4. Omya AG
31.5. ICC Industries Inc.
31.6. Ferro Corporation
31.7. Elementis Plc
31.8. Vantage Specialty Chemicals
31.9. Barentz International B.V.
31.10. Helm AG
31.11. Stockmeier Group
31.12. Trecora Resources
31.13. Wilbur Ellis Holdings Inc.
31.14. REDA Chemicals Inc.
31.15. Quimidroga S.a.
32. Global Specialty Chemical Distribution Market Competitive Benchmarking
33. Global Specialty Chemical Distribution Market Competitive Dashboard
34. Key Mergers and Acquisitions in the Specialty Chemical Distribution Market
35. Specialty Chemical Distribution Market Future Outlook and Potential Analysis
35.1 Specialty Chemical Distribution Market in 2028 – Countries Offering Most New Opportunities
35.2 Specialty Chemical Distribution Market in 2028 – Segments Offering Most New Opportunities
35.3 Specialty Chemical Distribution Market in 2028 – Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/ffletl
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- Specialty Chemical Distribution Market
