Los Angeles, December 30, 2019 - A new report titled, “Global and China Third-Party Chemical Distribution Market Size, Status and Forecast 2019-2026” has been added to the service and software archive of market research studies by QY Research. According to the report, the Third-party Chemical Distribution market size is estimated to reach slightly above US$ 356.0 Bn by the end of 2026 and in 2018, the market size was a little more than US$ 229.0 Bn. The market is expected to register a robust CAGR of 6.3% during 2019 - 2026. Third-party chemical distributors are becoming a vital component of chemical manufacturers’ channel strategies. Need for Third-party Chemical Distribution is witnessing an upsurge because of growing demand from various end-use industries such as construction, infrastructure, automotive, and pharmaceutical.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1374105/global-and-china-third-party-chemical-distribution-market
Limitations to the Market Growth:
● Environmental changes to act as a key challenge for the Distributors
● High operation cost
● Direct sale of chemicals by chemical manufacturers
● Reluctance among chemical manufacturers to rely on Third-party Chemical Distributors for logistics operations
End-user Industries to Emerge as a Key Application Segment: The report has studied the global market based on the application as end user and secondary dealer. Third-party Chemical Distributors are increasingly sourcing the chemicals received from the manufacturers to the end users, including construction, infrastructure, automotive, agriculture, and pharmaceutical. The global market can also be segregated in terms of product type as pharmaceutical chemicals, agricultural chemicals, personal care chemicals, coating chemicals, hi & i, food additives, and chemical raw materials.
Asia Pacific to Offer an Attractive Environment: High chemical consumption and strong growth in industrial output and presence of vast customer base are likely to offer an attractive environment for the third-party chemical distributors in Asia Pacific. Due to the mature infrastructure and market potential of China, numerous Third-party Chemical Distributors are establishing their base in this country. China has been a major target for investment as well as acquisitions among Western chemical distributors. In China, high spending power of a rising middle class has created robust demand for speciality chemicals deployed in personal care, cosmetics, pharmaceuticals, and food products.
Third-party Chemical Distributors to Improve their Service and Product Offerings in Future: Some of the key manufacturers functioning in the global market are Univar, Chemstation Asia, Nexeo Solutions, HELM, IMCD, Azelis, Sinochem Plastics, Biesterfeld, Brenntag, Stockmeier Chemie, ICC Chemical, Jebsen & Jessen, Hydrite, Petrochem Middle East, Barentz International, Protea Chemical, Reda Chemicals, Obegi Chemicals, Solvochem Holland, Manuchar, Anichem Group, Connell Brothers, and Redo.
● Third-party Chemical Distributors are expected to improve their service and product offerings
● Chemical manufacturers are likely to take up partnerships with the third party distributors in order to increase supply and expand their customer base across developing economies
● Strategies such as mergers and acquisitions are considered by the key companies involved in third-party chemical distribution with an aim to develop cross-regional capabilities to meet the growing demand of the end users.
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