Market revenue in 2022 | USD 31,113.5 million |
Market revenue in 2030 | USD 55,128.2 million |
Growth rate | 7.4% (CAGR from 2022 to 2030) |
Largest segment | Specialty chemicals |
Fastest growing segment | Specialty Chemicals |
Historical data | 2017 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Specialty Chemicals, Commodity Chemicals |
Key market players worldwide | Apollo Global Management Inc Class A, Helm AG, Brenntag Biosector, Teradyne Inc, Azelis Group NV, Ashland Inc, IMCD NV, Biesterfeld, Reda |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chemical distribution market will help companies and investors design strategic landscapes.
Specialty chemicals was the largest segment with a revenue share of 73.68% in 2023. Horizon Databook has segmented the Germany chemical distribution market based on specialty chemicals, commodity chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
The German chemical industry is engaged in developing new processes and products for foreign markets and 60% of sales in the region is generated from its customers abroad. Government is also taking necessary initiatives to develop the chemicals industry in Germany.
For instance, in 2015, the German Ministry of Economies along with trade unions started “Bündnis Zukunft der Industrie” to enhance the competitiveness position of the German industry. However, an increase in the demand for disinfectants and sanitizers following the outbreak of COVID-19 has fueled the sales of chemicals in the Germen markets.
However, dependence on imported raw materials could affect the growth of the market over the forecast period. Thus, increasing demand for chemicals in the market, coupled with various government initiatives, is expected to benefit the growth of the chemical distribution market over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany chemical distribution market , including forecasts for subscribers. This country databook contains high-level insights into Germany chemical distribution market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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