In a recent published report, Kenneth Research has updated the market report for Third Party Chemical Distribution Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Third Party Chemical Distribution Market products.
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A report on Third Party Chemical Distribution Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide.
The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
According to Azoth Analytics research report “Global Third Party Chemical Distribution Market By Type (Specialty, Commodity), By Region, By Country (2018 Edition): Forecast to 2023 – By Region (Europe, Asia Pacific, North America, Latin America, Middle East and Africa), By Country (Germany, France, Italy, China, Japan, India, U.S, Canada, Brazil, Mexico)”, the global market is projected to display a robust growth represented by a CAGR of 6.72 % during 2018 – 2023.
The segment of Specialty Chemicals Distribution witnessed growth at a noteworthy rate over the past few years and is expected to grow in the forecast period on the back of rising chemical consumption, growing per capita income coupled with rising food expenditure. Amongst the regions, APAC accounts for the largest regional share in the global chemical distribution market in 2018. Key factors driving the robust growth rate of APAC region include rising pharmaceutical consumption which in turn leads to growth of chemical distributors demand.
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The report titled “Global Third Party Chemical Distribution Market By Type (Specialty, Commodity), By Region, By Country (2018 Edition): Forecast to 2023 – By Region (Europe, Asia Pacific, North America, Latin America, Middle East and Africa), By Country (Germany, France, Italy, China, Japan, India, U.S, Canada, Brazil, Mexico)” has covered and analyzed the potential of Global Chemicals Distribution Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global fundus camera. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Third Party Chemical Distribution Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Global Third Party Chemical Distribution Market – Size and Growth
• By Type – Specialty Chemical Distribution, Commodity Chemical Distribution
Regional Markets – Europe, Asia Pacific, North America, Latin America and Middle East and Africa (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Third Party Chemical Distribution Market – Size and Growth
• Specialty Chemical Distribution, Commodity Chemical Distribution
Country Analysis – Germany, France, Italy, China, Japan, India, U.S, Canada, Brazil and Mexico (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Third Party Chemical Distribution Market – Size and Growth
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Policy and Regulatory Landscape
• Company Analysis – Brenntag, Univar Inc, Nexeo Solutions Inc., Helm AG Corporation, IMCD, Tricon Energy Inc., Sinochem, Azelis, Biesterfeld and Ravago SA
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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