Global Third-Party Chemical Distribution Market 2019-2023 | Growing Focus on Chemical Distribution
There is a considerable demand for digitalization of the overall chemical distribution supply chain owing to the advent of modern technologies in the global chemical market. Business requirements have changed along with evolving customer expectations, thereby resulting in increased adoption of digital technologies by chemical manufacturers as well as chemical distributors.
According to a senior analyst at Technavio for research on specialty chemicals, "The advent of digital technologies such as the Internet of Things (loT) and analytics can enable manufacturers and distributors to analyze large data volumes, automate processes and empower the workforce. The adoption helps in instilling agility into the system, optimizing operations, adhering to regulations and developing innovative business models.
Global third-party chemical distribution market: Segmentation analysis
The global third-party chemical distribution market research report provides market segmentation by type (commodity chemicals and specialty chemicals) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
APAC led the market in 2018 with a market share of over 41%. This region is expected to dominate the market through 2023, with over 2% increase in its market share.
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Some of the key topics covered in the report include:
• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Market definition
• Market size and forecast
Five Forces Analysis
• Regional comparison
• Key leading countries
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