LOS ANGELES, TOKYO and PUNE, India, July 23, 2018 /PRNewswire/ --
New report published by QY Research which offers insights on the global Third-Party Chemical Distribution market. The Third-Party Chemical Distribution market has been experiencing steady growth graph since past years.
During the 2017-2024 timeline, in 2018 the global Third-Party Chemical Distribution market was valued at US$ 227 Billion and by the end of the assessment year (2024), it is estimated to touch a value more than US$ 317 Bn growing at a value CAGR of 6% throughout the period of forecast.
The chemical distribution process involves sales, logistics, and transportation of chemicals. Chemical distributors offer value-added services such as blending, mixing, packaging, formulation, inventory management, and waste removal to customers. These distributors source the products from chemical manufacturers and supply them to vendors. The chemicals are transported to other vendors or directly transported to third-party chemical distributors that supply these chemicals to end-users.
Global Third-Party Chemical Distribution Market: Key Takeaways
The key differentiation strategy is to offer products that are organic, in order to leverage opportunity arising from the rising demand for additive-free, chemical-free, and natural food products
In terms of form, the demand for powder is the highest, followed by liquid, attributed to its usage in food and beverages products as a colouring pigment
One of the major challenges for the Third-Party Chemical Distribution market is the environmental changes.
Asia Pacific, North America and Europe are three important regions which have great market potential. According to our research, Asia Pacific is the largest sales region, whose sales revenue of 80466.41 million USD in 2017, with a share of 37.75%. Europe is the second largest sales region. Sales revenue of Europe varied from 70154.76 million USD in 2013 to 62459.83 million USD in 2017, with an average increase rate of -2.86%.
Global total revenue of third-party chemical distribution varied from 226.61 billion USD in 2013 to 213.17 billion USD in 2017, with a CAGR of -1.22%. The most important reason is that chemical product price decreased from 2013 to 2016, which result that market gross of chemical suppliers decreased and sales revenue of distributors decreased. In 2017, chemical product price started to improve, which have a optative impact on third-party chemical distribution market. In the future, we predict that global revenue will increase. By 2024, this market will be 317.53 billion USD.
We believe the chemical (distribution) market in the world is a very attractive market since in the world the cooperation between chemical companies, universities and the government already very mature. Specifically in North America. Next to that, the geo of infrastructure and the attractive investment climate will remain to attract invest graphical location of the China as a gateway into Asia, combined with the high levelsors. China and India will become new areas of development. China has mature infrastructure, and India has advantages in language. Both will lead Asia go health and mature.
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