PUBLISHER: Grand View Research | PRODUCT CODE: 1814017
PUBLISHER: Grand View Research | PRODUCT CODE: 1814017
The global generative AI in chemical market size was estimated at USD 1,019.7 million in 2024 and is projected to reach USD 23,346.1 million by 2033, growing at a CAGR of 41.9% from 2025 to 2033. Generative AI (GenAI) is fueling growth in the chemicals and materials sector by enhancing the speed and efficiency of research and development, using advanced machine learning and data analytics.
It accelerates the discovery of new materials, resulting in faster development cycles and lower costs. This technology allows for the swift identification of optimal material formulations, boosting both product performance and sustainability. The rapid progress enabled by GenAI is vital for driving innovation and maintaining a competitive advantage in a rapidly changing chemical market. The expansion of generative AI in chemicals is primarily driven by its power to improve quickly through advanced molecular design and the discovery of new compounds. It is majorly used for accurately predicting molecular structures with specific properties, it reduces dependency on expensive and time-sensitive trial and error methods, allowing for more efficient product development. All these drivers help new chemicals, pharmaceuticals, and materials in reaching the market faster, which is an essential advantage for maintaining competitiveness.
Generative AI in chemical industry is driven by the process optimization in chemical manufacturing by simulating chemical reactions, GenAI helps determine the best parameters to boost energy efficiency, maximize yield, and minimize waste. This supports the industry's growing focus on sustainability and cost-efficiency, enabling the production of higher-value outputs with less environmental impact. Moreover, AI-powered predictive maintenance reduces equipment downtime and operational costs by anticipating failures and allowing for timely, proactive maintenance.
Furthermore, the increasing quantity of chemical data combined with advancements in machine learning algorithms is a significant factor driving the adoption of generative AI in chemical industry. The richness of data within the chemical industry allows for the development of advanced models that focus in creating safer, more sustainable chemicals and improving manufacturing efficiency and innovation. In addition, the rising pressure to adopt environmentally friendly practices and meet regulatory standards is encouraging chemical companies to invest in GenAI solutions to support their sustainability objectives.
Global Generative AI In Chemical Market Report Segmentation
This report forecasts revenue growth on global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global generative AI in chemical market report based on technology, application, and region.