Canada Chemical Distribution Market, By Chemical Type (Commodity Chemicals, Specialty Chemicals), Distribution Channel (B2B, Third Party Distribution, E-commerce and Others), Distribution Method (Airways Distribution, Rail Distribution, Road Distribution and Shipping Distribution), Chemical Packaging (Drums, Intermediate Bulk Container (IBC), Flexitanks and Others), Packaging Size (100 to 250 Liters, 250 to 500 Liters and above 500 Liters) Industry Trends and Forecast to 2029
Market Analysis and Insights: Canada Chemical Distribution Market
Canada chemical distribution market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.1% in the forecast period of 2022 to 2029 and expected to reach USD 4,370,360.55 thousand by 2029. The major factor driving the market is rising consumption of chemicals across numerous industries.
Chemical distribution is known to be the transport and storage of packaged and bulk chemicals. These are frequently distributed through containers, pipelines, barrels and sacks. Chemical industry produces several chemicals like raw materials for industrial sectors, which includes cosmetics, oil and petroleum, food, paint, textile, building construction and agriculture.
The major factor driving the growth of the distribution chemicals market is the rising consumption of chemicals across numerous industries. Also the technological development in chemical industries is driving the market. Rising awareness regarding the negative impacts of chemicals on the health and environment is restraining the market. Growing attention of high quality products due to shifting consumer preference is acting as viable opportunity that can support the market. Stringent government regulations for the commercialization and usage of various specialty chemicals is a challenging factor for the market.
This chemical distribution market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Canada Chemical Distribution Market Scope and Market Size
Canada chemical distribution market is segmented of the basis into the chemical type, distribution channel, distribution method, chemical packaging and packaging size. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of chemical type, the chemical distribution market is segmented into commodity chemicals and specialty chemicals. In 2022, commodity chemicals segment is expected to dominate in Canada because commodity chemicals are multi-purpose and are used by many different businesses and industries.
- On the basis of distribution channel, the chemical distribution market is segmented into B2B, third party distribution, e-commerce and others. In 2022, B2B is expected to dominate in Canada because it provides convenience, higher profits and improved security to buyers and sellers.
- On the basis of distribution method, the chemical distribution market is segmented into airways distribution, rail distribution, road distribution and shipping distribution. In 2022, rail distribution is expected to dominate in Canada because rail distribution is cheaper and suitable for long-distance distribution and also it has more carrier capacity.
- On the basis of chemical packaging, the chemical distribution market is segmented into drums, Intermediate Bulk Container (IBC), flexitanks and others. In 2022, Intermediate Bulk Containers (IBC) is expected to dominate in Canada because it is most suitable in case of bulk chemical distribution and IBC has zero wastage quality.
- On the basis of packaging size, the chemical distribution market is segmented into 100 to 250 liters, 250 to 500 liters and above 500 liters. In 2022, 250 to 500 liters is expected to dominate in Canada because it is suitable for international and domestic transporting in bulk.
Growth in the Chemical Distribution industry
Canada chemical distribution market also provides you with detailed market analysis for every country growth in installed base of different kind of products for chemical distribution market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the chemical distribution market. The data is available for historic period 2011 to 2020.
Competitive Landscape and Chemical Distribution Market Share Analysis
Canada chemical distribution market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Canada chemical distribution market.
Some of the major players covered in the report are Brenntag SE, Univar Solutions Inc., IMCD Group, Azelis, Barentz, Caldic B.V. and Safic-Alcan among other players domestic and regional. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In August 2021, Brenntag SE, the global market leader in chemicals and ingredients distribution, acquires all operating assets and business of Matrix Chemical, LLC. The company is a solvents distributor and the largest distributor of acetone in North America. This acquisition will help Brenntag SE to cater the demand of customers in North America efficiently.
- In August 2021, Univar Solutions Inc. announced that it has begun construction on a new custom-designed facility in Abbotsford, British Columbia, Canada. The SAP-ready facility is expected to open during the first half of 2023 and aligns with the Company's long-term sustainability commitment to achieve net-zero emissions by 2050. This expansion will help the company to acquire a more customer base.
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