Kuwait Chemical Distribution Market Size & Outlook
Kuwait chemical distribution market, 2018-2030 (US$M)
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Kuwait chemical distribution market highlights
- The Kuwait chemical distribution market generated a revenue of USD 1,014.6 million in 2022 and is expected to reach USD 1,688.3 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, commodity chemicals was the largest revenue generating type in 2022.
- Specialty Chemicals is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical distribution market data book summary
| Market revenue in 2022 | USD 1,014.6 million |
| Market revenue in 2030 | USD 1,688.3 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Commodity 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 |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global chemical distribution market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia chemical distribution market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,519.4 million by 2030.
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Chemical Distribution Market Scope
Chemical Distribution Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait chemical distribution market outlook
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.
Commodity chemicals was the largest segment with a revenue share of 85.7% in 2023. Horizon Databook has segmented the Kuwait chemical distribution market based on specialty chemicals, commodity chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
Similar to other GCC countries, the economic growth in Kuwait is expected to be relatively modest. However, unlike other GCC countries, Kuwait has shown signs of improvement in economic development considering a heavy push toward investment in infrastructure sector.
This is expected to drive the demand for construction chemicals, in turn, boosting the growth of chemical industry in the country. The National Development Plan of Kuwait 2035 (Vision 2035) aims to improve local productivity and develop non-oil economic sectors.
In addition, the plan focuses on substantial infrastructural development in Kuwait. All these factors create a positive outlook for chemical industry in the coming years. This is expected to fuel the growth of the chemical distribution market over the forecast period.
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Target buyers of Kuwait chemical distribution market databook
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Our clientele includes a mix of chemical distribution market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait chemical distribution market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait chemical distribution market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait chemical distribution market size, by type, 2018-2030 (US$M)
Kuwait Chemical Distribution Market Outlook Share, 2023 & 2030 (US$M)
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