Chemical Distribution Market Size, Share, Growth Analysis, By Product(Specialty Chemicals, Commodity Chemicals), By End User(Specialty Chemicals (Automotive & Transportation, Construction) - Industry Forecast 2024-2031

Chemical Distribution Market size was valued at USD 231.67 billion in 2019 and is poised to grow from USD 246.49 billion in 2023 to USD 395.52 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).

The distribution of chemicals is a fairly broad industry that offers specialized solutions across a range of industries. Pharmaceuticals, construction, paints and coatings, agriculture, cosmetics, food and feed, and automobile are a few examples of sectors. Packaging, logistics, warehousing, mixing, blending, formulating, technical assistance, training, recycling, research & development, innovation, and ingredients are some of the operations that fall within the purview of the chemical distribution sector.

Essential raw materials are produced and supplied by the chemical industry to businesses in the manufacturing and industrial sectors. These feedstocks are either sold directly by producers or delivered to end users by outside distributors. Due to the outsourcing of value-added services like logistics, packaging, blending, waste removal, inventory management, and technical training, the distribution of commodity and specialty chemicals by third parties is predicted to grow significantly more than the sale of products directly to end users.

Strong consumer spending power and ongoing building activity are the main factors driving the U.S. market for chemical distribution. The housing market is once again seeing business investments, which is helping the chemical sector gain traction. Additionally, a study released in June 2019 by the American Chemistry Council, Inc. stated that 334 new industrial projects with a combined value of more than USD 204 billion had been announced. This indicates a continuous increase in investments in the U.S. economy. This tendency is expected to lead to a major increase of the manufacturing industry, which will have a beneficial effect on the market as a whole.

US Chemical Distribution Market  is poised to grow at a sustainable CAGR for the next forecast year.