NORTH AMERICA CHEMICAL DISTRIBUTION MARKET FORECAST 2024-2032

The North America chemical distribution market growth evaluation includes the assessment of the United States and Canada. The chemical distribution market in the United States is anticipated to register significant growth due to robust demand across various end-use sectors. Increased utilization of chemicals in downstream operations and construction activities is driving this demand. 

Furthermore, the nation is experiencing a surge in new building and renovation projects, supported by higher construction investments, a skilled labor force, expanded R&D efforts fostering innovative products, as well as increased floor area expansion across multiple industries. 

Additionally, the rising demand for downstream chemicals such as lubricants, heating oil, diesel fuel, and lubricants in transportation vehicles, power generators, and construction machinery further fuels the demand within the chemical distribution market. Collectively, these factors are expected to drive the expansion of the chemical distribution market in North America during the forecast period.

The North America chemical distribution market segmentation includes end use. The end use segment is further bifurcated into commodity chemicals and specialty chemicals. Under commodity chemicals, industrial manufacturing plays a pivotal role in boosting the segment’s overall growth. Chemicals are essential in industrial processes, particularly in the production of oils and lubricants for offshore drilling, paper manufacturing, and industrial coatings, as well as additives in paints. 

Within the paints and coatings sector, chemicals are utilized to enhance performance, improving resistance, durability, corrosion resistance, and thermal stability of equipment. This leads to decreased maintenance expenses and helps prevent unforeseen costs for industrial infrastructure and machinery.

On the other hand, commodity chemicals are utilized to enhance the resistance of electronic components to radiation, shocks, and vibrations by encasing them, thus improving their durability and overall performance in challenging environments. These chemicals play a crucial role in the production of greases, varnishes, oil compounds, and rubbers employed in various applications. These include safeguarding insulators from air damage, modifying encapsulating materials for semiconductor devices, and protecting the ends of heating components in circuit boards (PCBs), printed semiconductors, electronic control units (ECUs), LED devices, and other electronic applications.

Some of the key companies in the North America chemical distribution market include Univar Solutions Inc, ICC Industries Inc, etc. 

ICC Chemical Corporation, headquartered in the United States, serves as the global trading entity of ICC Industries Inc, specializing in the trade and distribution of chemicals, plastics, as well as pharmaceuticals worldwide. Leveraging its vast experience in transportation, procurement, and financing of imported products, ICC Chemical ensures the delivery of top-quality materials to its customers in North America and Europe at competitive prices. The company manages chemical distribution for its customers through its robust logistics management as well as delivery capabilities.