Europe Chemical Distribution Market: Growth Prospects 2024-2032
According to Triton’s analysis, the Europe chemical distribution market is projected to rise at a CAGR of 5.30% in revenue over the forecast years 2024-2032.
The chemical industry remains a vital part of the European economy, directly employing over 1.2 million people. Chemicals are integral to over 90% of all manufactured goods, highlighting the industry’s critical role in various value chains. Whereas, in 2022, this industry generated €240 billion in revenue from exports to markets outside the EU. This uptrend translates to a need for efficient chemical distribution networks, which further influences the European chemical distribution market.
Germany secures a major market share with revenue of $16.55 billion in 2023.
Globally, Germany ranks third in chemical sales, making it a highly attractive and favorable market for businesses that provide chemical distribution services.
Around 2,230 companies partly organized 40 Chemical Parks, which employed 473,194 people in 2021. This highlights the widening scope of the studied market.
The country aims to allocate 19% of the total R&D budget (€25.7 billion) of the chemical industry to specialty chemicals by 2050, which creates opportunities to develop the chemical distribution network.
Chemical Distribution Market Forecast for France
The European Chemical Industry Council (cefic) inferred that in 2021, the chemical industry generated an estimated turnover of €97 billion, making France the second-largest chemical producer in Europe. The sector is heavily export-oriented, with nearly 75% of total chemical sales being exported. Through trade promotion offices abroad, the French government invests a substantial amount of resources in attracting foreign investment, which widens the scope of the chemical distribution market.
The chemical distribution market is segmented based on end-use. The end-use segment comprises specialty chemicals and commodity chemicals. After adding as additives to final goods, specialty chemicals can enhance production procedures. These are used as either single or multi-ingredient chemical combinations for particular uses.
The major players in the studied market are Safic Alcan, Helm Ag, Caldic BV, Univar Solutions Inc, Barentz, Brenntag Se, Azelis Group NV, Ter Chemicals Gmbh & Co Kg, Manuchar Nv, ICC Industries Inc, Omya International Ag, and Jebsen & Jessen Ingredients.
Helm Ag, based in Hamburg, is a versatile distribution company specializing in chemicals, crop protection, feedstocks and derivatives, pharmaceuticals, fertilizers, and active pharmaceutical ingredients. The company also provides marketing, logistics, and distribution support to its clients. It has a strong business presence across North America, Latin America, Europe, the Middle East, and the Asia-Pacific region.
Latest from the Company:
In May 2024, Helm Ag approved a new partnership of its subsidiary LevertonHELM with FREYR and signed an MoU to supply Lithium Carbonate and Hydroxide in the Nordic region. This agreement aims to supply about 5,000 tonnes per year for a duration of a minimum of 5 years.