Chemical Wholesaling in the US - Industry Market Research Report

Chemical Wholesaling in the US - Industry Market Research Report

Chemical Wholesaling in the US

The Chemical Wholesaling industry has faced volatile conditions, as production levels across the downstream construction and manufacturing sectors has vacillated. Economic disruptions stemming from COVID-19 negatively affected demand from many of the industry's downstream markets. However, the vast scope and diversity of the industry has shielded it from more significant declines. Improving economic conditions following the pandemic peak has renewed demand across the industry's downstream markets, enabling an industry recovery as heightened consumer spending spurred manufacturing and industrial production activity. Overall, industry revenue is anticipated to rise a CAGR of 5.5% to $331.8 billion over the five years to 2023, including an increase of 1.8% by year-end 2023.

This industry wholesales chemicals and related products, including compressed gas, chemical additives and synthetic rubber, to the manufacturing, construction and mining industries. This industry does not wholesale agricultural or medicinal chemicals, paints or varnishes, fireworks or plastics materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."