Product Code: GVR-4-68039-911-2
Chemical As A Service Market Growth & Trends:
The global chemical as a service market size is expected to reach USD 16.04 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market is predominantly driven by the growing demand for chemical management services and convenience and cost-effectivity offered by the CaaSmodel. Moreover, this model helps in the reduction of hazardous chemical consumption by using chemicals with more efficient processes.
The chemical as a service model offers economic advantages to the manufacturers/industrialists which is one of the major factors for its penetration in the upcoming years. In addition, the chemical as a service model support sustainability. The model reduces chemical consumption from 10-80% in various applications such as metal parts cleaning, powder coating, metal degreasing, industrial cleaning and washing, and ultimately help in achieving sustainability and the direct savings of huge amounts.
For instance, Crown Beverages Limited, a Ugandan beverage manufacturing company, integrated chemical leasing in its operation with the cooperation of American chemicals producer Diversey Eastern and Central Africa (U) Ltd. By integrating this model, the company obtained direct savings of USD 175 thousand and additional significant indirect savings related to effluent treatment.
Chemical as a service model offers services such as chemical management services, chemical leasing, and closed-loop systems (includes monitoring and automation of various operations in the chemical industry). The growing industrialization in emerging countries such as India, Brazil, and China coupled with the increasing adoption of new technologies and business models is expected to drive the market.
In 2020, the market experienced a decline in growth owing to the outbreak of the Coronavirus pandemic. However, the market has not experienced a negative growth owing to the significant demand for surfactants, surface disinfectants, and cleaning chemicals in 2020. Lockdown across nations, travel restrictions, raw material shortage, and shut down of various end-user industries had a negative impact on the market.
Chemical As A Service Market Report Highlights:
- The industrial cleaning segment accounted for a revenue share of 17.7% in 2022. Chemical as a service model is gaining high popularity for the industrial cleaning and washing application compared to the other applications and functions in the industries. Various types of chemicals are used in industrial cleaning applications including solvents, flocculants, detergents, polymers, and more
- The agriculture and fertilizer segment is anticipated to grow at a fast pace during the forecast period. The agrochemicals and fertilizers segment providing companies act as a service provider and the user (farmer/agriculturist) utilizes this service on the basis of crop area covered by the chemical application rather than volume of chemicals
- Asia Pacific is the fastest-growing region for the market owing to the presence of various untapped markets coupled with growing industrialization and increasing adoption of newer technologies and business models in the countries such as India, China, Japan, and South Korea
- China dominated the market for chemicals as a service in the Asia Pacific. This is due to the increasing industrialization in the region, high consumption of chemicals, and growing awareness about sustainability
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Application
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Application outlook
- 2.2.2. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Chemical as a Service Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Chemical as a Service Market Analysis Tools
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Chemical as a Service Market: Application Estimates & Trend Analysis
- 5.1. Chemical as a Service Market: Key Takeaways
- 5.2. Chemical as a Service Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Agriculture & Fertilizer
- 5.3.1. Agriculture & fertilizer market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Water Treatment & Purification
- 5.4.1. Water treatment & purification market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.5. Metal Parts Cleaning
- 5.5.1. Metal parts cleaning market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Paint & Coatings
- 5.6.1. Paint & coatings market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.7. Industrial Cleaning
- 5.7.1. Industrial cleaning market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.8. Industrial Gases
- 5.8.1. Industrial gases market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Chemical as a Service Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Chemical as a Service Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4. Europe
- 6.4.1. UK
- 6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.2. Germany
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.3. France
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.4. Italy
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.4.5. Russia
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Japan
- 6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.5.4. Australia
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.6. Central & South America
- 6.6.1. Brazil
- 6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.6.2. Argentina
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7. MEA
- 6.7.1. Saudi Arabia
- 6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 6.7.2. South Africa
- 6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Diversey Holdings Ltd.
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Henkel AG & Co. KGaA
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. Safechem Europe Gmbh
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. CSC JAKLECHEMIE GmbH & Co. KG
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. Polikem
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Ecolab Inc.
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. Hidrotecnik
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. BASF SE
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. Haas TCM
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. PPG Industries
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives
- 7.2.11. Sphera
- 7.2.11.1. Company overview
- 7.2.11.2. Financial performance
- 7.2.11.3. Product benchmarking
- 7.2.11.4. Strategic initiatives
- 7.2.12. Quaker Chemical
- 7.2.12.1. Company overview
- 7.2.12.2. Financial performance
- 7.2.12.3. Product benchmarking
- 7.2.12.4. Strategic initiatives