Chemical Management Services (CMS) Market : Leading Players Analysis Report 2024
The Global Chemical Management Services (CMS) Market Growth 2019-2024 is a research report available at DecisionDatabases.com.
Chemical Management Services (CMS) is a business model in which a customer purchases chemical services rather than just chemicals. These services can encompass all aspects of the chemical management lifecycle including: procurement, delivery/distribution, inventory, use (including chemical substitute research), collection, monitoring/reporting, training, treatment, disposal, information technology, and even process efficiency improvements; each of which poses its own costs and risks. Under CMS, the service provider is compensated based on the quality and quantity of services provided that reduce chemical lifecycle costs, risks, and environmental impacts, not on the volume of chemical sold. Therefore the service provider has the same objective as their customer: to reduce chemical use and cost. Both participants achieve bottom line benefits through reduced chemical use, cost, and waste.
Although CMS is currently being considered by large, well-funded institutions, it is highly likely this approach could be applied in smaller colleges and research facilities. The same challenges and drivers for considering CMS apply in the smaller institutions. It is likely the CMS model will need to be adapted for smaller educational institutions to accommodate their lower chemical throughput. However, the needs are essentially the same for large and small educational institutions, so there is an opportunity for economies of scale for CMS providers to serve both. Finally, it will be important to demonstrate success of the CMS model in larger institutions to effectively appeal to smaller educational institutions.
According to this study, over the next five years the Chemical Management Services (CMS) market will register a 7.3% CAGR in terms of revenue, the global market size will reach US$ 5050 million by 2024, from US$ 3310 million in 2019. In particular, this report presents the global revenue market share of key companies in Chemical Management Services (CMS) business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Haas TCM
- PPG Industries
- KMG Chemicals
- Henkel
- ChemicoMays
- BP
- Quaker Chemical
- EWIE Co
- Intertek
- Chemcept
- CiDRA
- Aviall
- SECOA BV
- Air Liquid
- Houghton
- Sitehawk
- 3E
Segmentation by product type:
- Procurement
- Delivery/Distribution
- Use
- Other
Segmentation by application:
- Automotive
- Air Transport
- Electronics
- Heavy Equipment
- Food and Pharmaceutical
- Steel and others
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- .......
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Research objectives
- To study and analyze the global Chemical Management Services (CMS) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Chemical Management Services (CMS) market by identifying its various subsegments.
- Focuses on the key global Chemical Management Services (CMS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Chemical Management Services (CMS) with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Chemical Management Services (CMS) submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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