2014-02-12 04:05:02 - Global Chemical Distribution Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Chemical Distribution market is to grow at a CAGR of 9.69 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing economic growth in the APAC region. The Global Chemical Distribution market has also been witnessing an increase in the number of mergers and acquisitions. However, regulatory challenges could pose a challenge to the growth of this market.
With growing concerns over environmental issues and frequent enquiries by consumers about products that are sustainably produced, many chemical distributors are focusing on adopting sustainability principles in their operations. For instance, many distributors have identified a reduction in carbon emissions as one of their top priorities. Ensuring sustainability practices in their operation helps
the chemical distributors maintain credibility among their suppliers. Distributors are an important link in the supply chain and suppliers expect their distributors to have policies and procedures in place to ensure proper management of their products through to end-use.
The Global Chemical Distribution market is influenced by a number of growth drivers such as the rise in demand for bulk and specialty chemicals for the Oil and Gas, and Petrochemical industries, especially in the Middle East region. However, the rise in demand from the APAC region remains the main growth driver for the chemical distribution market. Supported by strong economic growth, the APAC region has seen a shift in consumers´ demand for higher quality and more varied products.
One of the major challenges in this market is the increasingly stringent health and environmental regulations. Stringent rules and legislations translate into increased compliance costs for the distributors.
The key vendors dominating this space include Brenntag AG, Helm AG, Nexeo Solutions Holdings LLC, Univar Inc. The other vendors mentioned in this report are Azelis Holding S.A., Barentz B.V., Biesterfeld AG, ICC Chemicals Inc., IMCD Group, Omya AG.
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