According to a recent report from Grand View Research, the global chemical distribution market was estimated to be $247.1 billion last year and is projected to see robust growth (5.4% CAGR) to 2028. The distribution of specialty chemicals, such as those used in CASE (coatings, adhesives, sealants, and elastomers) and other sectors, is expected to be the fastest-growing segment of the market, reaching $139 billion in that timeframe.
An ongoing, award-winning project highlights next-generation possibilities for the raw materials and chemicals supply chain.
September 16, 2021
Earlier this year, BASF received the German Innovation Award 2021 in the Excellence in Business to Business-Chemical Industry category for a project involving the use of smart intermediate bulk containers (IBCs). These awards are presented by the German Design Council to recognize aspects of product innovation within different industries that offer additional benefits compared with previous solutions.
What do distributors of raw materials and chemicals consider to be the primary challenges facing materials producers and purchasers? How can distributors help companies all along the supply chain understand and navigate the various forces impacting the industry? To find answers to these questions (and others), we reached out to leaders in the distribution industry.
The study found that manufacturers appear more likely than other sectors to do business differently than they did pre-pandemic, with a new focus on productivity and efficiency.
August 27, 2021
While manufacturers continue to face supply chain disruptions as a result of the pandemic, these companies are more optimistic than the national average, saying they expect overall economic conditions in the U.S. will improve, according to a recent study from Umpqua Bank.
The summit included a small group of representatives from builders, lumber companies, retailers, realtors, loggers, and labor unions, as well as other companies and organizations.
August 23, 2021
The Adhesive and Sealant Council (ASC) recently announced that Bill Allmond, ASC president, participated in a White House summit on July 16, 2021, to discuss supply chain disruptions in the homebuilding industry.
Not surprisingly, the global economic recovery is continuing more quickly in regions where COVID-19 is under control and vaccinations have been widely rolled out. After an estimated contraction of 3.3% in 2020, the global economy is projected to grow at 6% in 2021, moderating to 4.4% in 2022, according to the International Monetary Fund (IMF).
I don’t know about you, but I’ve spent a fair amount of time over the past year or so just gazing around in bewilderment and mumbling, to no one in particular, “What is going on?” Global pandemic. Economic upheaval. Catastrophic weather events. What’s that you say? There’s a massive boat blocking the Suez Canal? Of course there is.