Latin America Chemical Distribution Market Size By Product (Commodity Chemicals and Specialty Chemicals), By End-User (Industrial Manufacturing, Automotive & Transportation, Construction), By Geographic Scope And Forecast

Latin America Chemical Distribution Market Analysis

Latin America Chemical Distribution Market size was valued at USD 22,595.75 Million in 2021 and is projected to reach USD 34,352.44 Million by 2030, growing at a CAGR of 4.72% from 2022 to 2030.

The growing consumption of chemicals across end-use industries including, construction, pharmaceuticals, polymers, and resins along with the high complexity in reaching the customers are likely to boost the market. The Latin America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Latin America Chemical Distribution Market Definition

Chemical distributors are mediators that procure chemical products in bulk from chemical manufacturers or other chemical distributors in order to accomplish orders for wholesalers, consumers, governments, and other businesses. They benefit from the gap between the cost of purchasing a product and the cost of selling it at retail.

Chemical distribution is a diversified industry that serves a variety of industries and offers tailored solutions. Pharmaceuticals, food and feed, paints and coatings, construction, cosmetics, agriculture, and automobile are just a few industries.

The chemical distribution sector involves various activities such as packaging, warehousing, logistics, blending, mixing, technical assistance, formulating, training, innovation, and research and development.

Distributors, one of the core members of the supply chain, have to deal with four major factorsquality balance, geographical and time-related distances, product assortment, and service. One of the distributor’s key goals is improving supply management and becoming an indeed added value provider.

Latin America Chemical Distribution Market Overview

The market's buzzing, fueled by big names and local companies making waves. Latin America's chemical distribution scene is still incredibly varied, with tons of smaller, regional players. Looking ahead, tough economic times, open borders, government rules, keeping up economically, e-commerce, digital production, and cheaper commodities mean more companies will likely join forces or get bought out. Even with all this going on, some companies are choosing a different path. Take Reno S.A., for example. They're a solvent distributor from Chile with operations in Peru and Argentina, and they're focused on growing slowly and steadily. They believe this is the best way to stay in control and avoid the risks that come with acquiring another company. Other regional distributors are adding new product lines and business areas to stay competitive with both customers and suppliers. Plus, the increasing demand for chemicals in industries like construction, pharmaceuticals, and polymers, along with the difficulty in reaching customers, is also pushing the market forward.

However, higher shipping costs and infrastructure challenges are hindering the market growth. Constantly changing fuel costs also has a negative impact on the transportation industry. Uncertainty about the implementation of MARPOL 2020 oil and its limited supply, combined with the 2019 water ballast treatment equipment required on ships, has had an adverse impact. The failure of many charters to secure asset contracts after 2020 has affected the overall levels of commodities and markets, and commodity markets from fixed assets have found deals.

Furthermore, there is an increasing need to develop better infrastructure and improve logistics facilities owing to effective chemical distribution. This offers lucrative growth opportunities for the market. Competing Latin America as a chemical industry will focus on building capacity to facilitate maintenance and, more generally, infrastructure to support the smooth running of things. There is good reason to make these changes sooner rather than later as the steady economic growth and globalization present growing interest in Latin America’s rapidly developing markets.

Latin America Chemical Distribution MarketSegmentation Analysis

The Latin America Chemical Distribution Market is segmented on the basis of Product, End-User, and Countries.

Latin America Chemical Distribution Market, By Product

• Commodity Chemicals• Specialty Chemicals

To Get Summarized Market Report By Product-

Okay, so the Latin America Chemical Distribution Market is divided into two main typesCommodity Chemicals and Specialty Chemicals. Turns out, in 2021, Commodity Chemicals were the big dogs, holding the largest slice of the pie. And get this, they're expected to keep growing at a rate of 4.05% each year! Specialty Chemicals came in second place. Now, when we talk about Commodity Chemicals, we're talking about those bulk chemicals that are made in massive amounts for all sorts of things. Think Automotive & Transportation, Cosmetics, Construction, Agriculture, Industrial Manufacturing, Consumer Goods, Textiles, Pharmaceuticals, and, well, you name it! They're produced in such large quantities because demand is super high all over Latin America.

Latin America Chemical Distribution Market, By End-User

• Industrial Manufacturing• Automotive & Transportation• Construction• Consumer Goods• Textiles• Agriculture• Pharmaceuticals• Others

So, when we look at who's actually using these chemicals in Latin America, we can break it down into areas like Industrial Manufacturing, Automotive & Transportation, Construction, Consumer Goods, Textiles, Agriculture, Pharmaceuticals, and, well, Others. Right now, Industrial Manufacturing is the big dog, grabbing the biggest slice of the pie back in 2021, and it's expected to keep growing around 4.43% each year. Automotive & Transportation wasn't far behind, holding the number two spot. A big driver here is our growing need for convenience, cities getting bigger, and just plain more people around. This all adds up to a boost for those industrial manufacturing companies. Even with hiccups in labor and getting supplies, the manufacturing world is bouncing back fast. To keep this up, companies need to juggle risks and keep an eye on being green. They know they need to put more money into keeping things sustainable for the long haul.

Latin America Chemical Distribution Market, By Countries

• Brazil• Argentina• Colombia• Chile• Rest of Latin America

To Get Summarized Market Report By Countries-

When we look at the Latin America Chemical Distribution Market, we can break it down by countryBrazil, Argentina, Colombia, Chile, and the rest of Latin America. Brazil really stood out in 2020, grabbing the biggest piece of the pie, and we expect it to keep growing fast, around 5.01% each year. Argentina was the number two player back in 2020. What makes Brazil so important? Well, its chemical industry is a powerhouse, leading the way in the Southern Hemisphere. Plus, it's got tons of resources like oil, gas, minerals, and those hard-to-find rare earth elements, not to mention a thriving ecosystem. It's currently the seventh-largest chemical industry globally and is booming as the country's economy gets stronger. In fact, the chemical industry is a big deal for Brazil, making up 10% of the country's total industrial GDP, making it the third-largest industrial sector.

Key Players

The “Latin America Chemical Distribution Market” study report will provide valuable insight with an emphasis on the Latin America market. The major players in the market are Brenntag AG, Univar Inc., Evonik, Fagron, GTM Caldic, Sun Chemicals, ICC Chemicals, Barentz B.V., Azelis Holding S.A., Omya AG, Jebsen & Jessen Offshore, TER Group, and others.

Key Developments

• Brenntag Specialties announced a new agreement with specialty chemical and optical brightener producer, Archroma• Archroma had built decades of expertise in dyestuff and specialty chemical solutions bringing color and performance to textile, paper, packaging, coatings

• Univar Solutions and BASF expanded collaboration• Univar Solutions has been named the exclusive distributor for BASF’s Chemical Intermediates’ Glyoxal• With this agreement BASF and Univar Solutions, a global chemical and ingredient distributor and provider of value-added services, expand their collaboration to better serve customers through a host of sustainable solutions across a range of applications

Report Scope

To Get Customized Report Scope- 

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep into the market using both numbers and broader trends, breaking it down into meaningful pieces considering money matters and other stuff. We'll give you the market size (in USD Billion!) for each of those pieces. Plus, we'll point out which regions and segments are set to explode and which ones are already on top. We'll look at how each region uses the product/service and what's influencing their market. We've also got a competitive overview showing who's who in the market, along with all the new stuff they've launched, who they're teaming up with, and who's buying whom, all in the last five years. Our company profiles are detailed, covering everything from an overview and key insights to product benchmarking and a SWOT analysis of the major players. We provide a current and future outlook, highlighting growth opportunities and drivers, but also the challenges holding things back in both new and established markets. We'll even use Porter's five forces analysis to give you a well-rounded view. We'll walk you through the Value Chain to give you better insight. Expect a picture of market dynamics and future growth possibilities, and we'll back it all up with 6 months of analyst support after the sale.

Customization of the Report

• In case of any  please connect with our sales team, who will ensure that your requirements are met.