Europe Chemical Distribution Market Size, Share, Trends & Growth Forecast Report By Product, End-User and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe), Industry Analysis From 2024 to 2032

Updated On: June, 2024
ID: 13414
Pages: 130

Europe Chemical Distribution Market Size

The chemical distribution market size in Europe was valued at USD 84.01 billion in 2023. The European market is anticipated to be worth USD 132.01 billion by 2032 from USD 88.34 billion in 2024, growing at a CAGR of 5.15% from 2024 to 2032.

Chemical distribution involves the transportation and storage of bulk and packaged chemicals. These are frequently supplied via pipelines, containers, barrels, and sacks. The chemical industry generates numerous chemicals as raw materials for industrial sectors such as oil and petroleum, cosmetics, food, textiles, paint, building construction, and agriculture. In addition, a wide range of Specialty and commodity chemicals are available through European distributors. Specialty products such as coatings, adhesives, sealants, elastomers (CASE), polymers and resins, agrochemicals, and construction chemicals are consumed in small quantities. However, they are expected to rise significantly in the coming years. These compounds are subject to intense monitoring by regional governments and are produced by specialized producers.

The chemical distribution market in Europe is growing at a sustainable pace due to the creative solutions used by chemical distributors to address supply chain constraints. The increased consumption of chemicals in various end-use sectors such as automotive, agriculture, construction, pharmaceuticals, and textiles is accelerating the expansion of the global chemical distribution market. The necessity for chemical distributors arose due to the complexity of chemical manufacturers. By removing supply chain complexity, chemical distributors make it easier for businesses to grow into new markets. In addition, chemical distributors' value-added services, such as inventory management, are driving up demand for chemical distribution services among chemical manufacturers. Chemical distributors are a critical component of a manufacturer's go-to-market strategy. Chemical distributors efficiently lower distribution costs and assist chemical manufacturers in supplying their products to new and emerging markets at a reasonable price. The availability of a broader range of chemicals, as well as their expanded use in a wide range of industries, is driving the growth of the European chemical distribution business.

Chemical distribution services provide a strong connection for producers to reach out to smaller clients in less developed areas. Chemical distributors assist chemical manufacturers in reaching new markets, which aids in the expansion of the global chemical industry. Today, expanding regions such as the Asia Pacific, the Middle East, Latin America, and Africa is vital because they offer enormous growth potential to the chemical industry. The chemical sector also contributes significantly to the GDP of both developed and developing economies.

SEGMENTAL ANALYSIS

By Product Insights

The specialty chemicals segment is expected to be the fastest-growing segment in the European market over the forecast period. The rising need for application-specific compounds in many sectors, combined with technological developments in production, will likely increase demand in the future. The specialty chemicals industry refers to high-performance and tailored chemical solutions that satisfy the needs of application-specific consumers. Coatings, adhesives, sealants, elastomers (CASE), construction materials, cosmetic additives, polymers, lubricant additives, and others such as surfactants, industrial gases, and textile auxiliaries are examples of Specialty compounds.

By End-User Insights

In 2023, the construction segment dominated the market in Europe and is expected to be the dominating segment in the European market throughout the forecast period owing to the growing construction spending in developing economies across Asia is likely to fuel specialized chemical demand in various applications.

KEY MARKET PLAYERS

Univar AG, Helm AG, Brenntag AG, Azelis Holdings SA, IMCD Group, BASF SE, and Biesterfeld AG are some of the notable companies in the global Europe Chemical Distribution market.

MARKET SEGMENTATION

This research report on the Europe chemical distribution market is segmented and sub-segmented based on the following categories.

By Product

  • Specialty Chemicals
  • Commodity Chemicals

By End-User

  • Automotive & Transportation
  • Construction
  • Agriculture
  • Industrial Manufacturing
  • Consumer Goods
  • Textiles
  • Pharmaceuticals
  • Others

By Country

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

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