Chemical Distribution Market size was over USD 262.34 Billion in 2023 and is expected to reach USD 401.45 Billion by the end of 2036, growing at around 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of chemical distribution is evaluated at USD 274.45 Billion.
The market is experiencing a considerable increase due to the escalating demand for chemicals in numerous industries including agriculture, construction, automotive, pharmaceuticals, textiles, and various other sectors.
Within the next quarter of a century, it is anticipated that India will be responsible for up to twenty percent of the additional global consumption of chemicals. Through the year 2040, it is expected that the domestic demand will have increased from 185 billion US dollars in 2021 to 1,050 billion US dollars altogether.
Author Credits: Rajrani Baghel
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