Purchasing Magazine's Top 100 Chemical Distributors of 2008
May 02, 2008
Strong is the word chemical distributors use to describe their industry, and it's a word chemical buyers want to hear.
Chemical distributors use “strong” not only to describe demand for their products and services in the current economy—average sales increased 13% in 2007—but also to describe the underlying fundamentals of their business and the long-term outlook for the chemical distribution industry.
Make no mistake, chemical distributors are concerned about the state of the U.S. economy, rising chemical prices and a splattering of availability issues as demand from other regions of the world continues to grow.
But even with these concerns, chemical distributors are upbeat. While 2007 was not a record-breaking sales year for much of the industry, chemical distributors have no reason to complain, and the outlook for 2008 is good. In fact, according to results of Purchasing's 23rd annual survey of chemical distributors, sales at 77% of respondents' companies increased last year, a statistic that few other industries may be able to tout.