AI in Chemicals Market Size, Share, Trends, Industry Analysis Report - By Component; Business Application; End User, and By Region; Segment Forecast, 2024-2032

Description

List of Tables

The global AI in chemicals market size is expected to reach USD 9,725.61 million by 2032, according to a new study by Polaris Market Research. The report "AI in Chemicals Market Share, Size, Trends, Industry Analysis Report - By Component, By Business Application, By End User, and By Region; Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The AI in Chemicals Market encompasses various factors such as increasing awareness of AI solutions, rising need for reliable and effective manufacturing processes, and the growing requirement for improved batch production scheduling favor the AI in chemicals market growth. Additionally, AI is transforming research and development (R&D) in several industries, especially the chemicals industry. machine learning (ML) algorithms in analyzing extensive datasets of chemical compounds, which accelerates the discovery of new materials with unique properties.

For instance, Clariant, a sustainability-focused specialty chemical company, launches CLARITY Prime. The digital service for AI-powered optimization of catalyst operation. Customers subscribing to the premium services benefit from automated catalyst health alerts and machine-learning-based performance projecting tools, combined with advanced technical support to improve the operation of Clariant catalysts. Indorama, as a part of its ongoing digitalization efforts, adds its process knowledge and expertise, becoming the first customer to implement the new CLARITY Prime service at its world-scale ammonia plant in Port Harcourt, Nigeria.

In the chemical sector, AI improves sustainability, in addition to process optimization. It reduces energy usage in chemical plants by evaluating the production data, which results in notable emission reductions. AI also supports the development of environmentally friendly materials, such as biodegradable plastics and catalysts for cleaner reactions, which helps preserve the environment.

AI in Chemicals Market Report Highlights

The software segment is projected to grow at the highest CAGR during the forecast period due to its critical role in enabling AI-driven innovations across various processes in the industry.

By business application, R&D segment dominates the market due to the industry's focus on innovation and discovery of new materials, chemicals, and processes.

North America is projected to register the fastest growth during the forecast period due to rapid growth in AI adoption in the chemical sectors across the region.

The global key market players include AWS, C3.ai, Engie Impact, GE Vernova, Google, Hexagon, IBM, Iktos, and Microsoft are among the global market players.

Polaris Market Research has segmented the AI in Chemicals market report on the basis of component, Business application, end user, and region:

By Type Outlook (Revenue - USD billion, 2019 - 2032)

Software
Services

By Project Type Outlook (Revenue - USD billion, 2019 - 2032)

Preconstruction
Construction
Operations

By Deployment Type Outlook (Revenue - USD billion, 2019 - 2032)

On Premises
Cloud Based

By Building Type Outlook (Revenue - USD billion, 2019 - 2032)

Residential
Commercial
Industrial
Public Infrastructure
Others

By Application Outlook (Revenue - USD billion, 2019 - 2032)

Construction & Design
Planning & Modelling
Asset Management Building System Analysis & Maintenance Scheduling
Others

By End User Outlook (Revenue - USD billion, 2019 - 2032)

Builders & Contractors
AEC Professionals
Consultants & Facility Managers
Others

By Regional Outlook (Revenue - USD billion, 2019 - 2032)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM5109

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global AI in Chemicals Market Insights

4.1. AI in Chemicals Market - Market Snapshot
4.2. AI in Chemicals Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing Demand for Predictive Maintenance
  - 4.2.1.2. Improved Research & Development and Innovation
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High cost of new technologies
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. AI in Chemicals Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global AI in Chemicals Market, by Component

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global AI in Chemicals Market, by Component, 2019-2032 (USD Million)
5.3. Hardware
- 5.3.1. Global AI in Chemicals Market, by Hardware, by Region, 2019-2032 (USD Million)
5.4. Software
- 5.4.1. Global AI in Chemicals Market, by Software, by Region, 2019-2032 (USD Million)
5.5. Services
- 5.5.1. Global AI in Chemicals Market, by Services, by Region, 2019-2032 (USD Million)

6. Global AI in Chemicals Market, by Business Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
6.3. R&D
- 6.3.1. Global AI in Chemicals Market, by R&D, by Region, 2019-2032 (USD Million)
6.4. Production
- 6.4.1. Global AI in Chemicals Market, by Production, by Region, 2019-2032 (USD Million)
6.5. Supply Chain Management
- 6.5.1. Global AI in Chemicals Market, by Supply Chain Management, by Region, 2019-2032 (USD Million)
6.6. Strategy Management
- 6.6.1. Global AI in Chemicals Market, by Strategy Management, by Region, 2019-2032 (USD Million)

7. Global AI in Chemicals Market, by End-Use

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
7.3. Basic Chemicals
- 7.3.1. Global AI in Chemicals Market, by Basic Chemicals, by Region, 2019-2032 (USD Million)
7.4. Advance Materials
- 7.4.1. Global AI in Chemicals Market, by Advance Materials, by Region, 2019-2032 (USD Million)
7.5. Others
- 7.5.1. Global AI in Chemicals Market, by Others, by Region, 2019-2032 (USD Million)

8. Global AI in Chemicals Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. AI in Chemicals Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. AI in Chemicals Market - North America
- 8.3.1. North America: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
- 8.3.2. North America: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
- 8.3.3. North America: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.3.4. AI in Chemicals Market - U.S.
  - 8.3.4.1. U.S.: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.3.4.2. U.S.: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.3.4.3. U.S.: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.3.5. AI in Chemicals Market - Canada
  - 8.3.5.1. Canada: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.3.5.2. Canada: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.3.5.3. Canada: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
8.4. AI in Chemicals Market - Europe
- 8.4.1. Europe: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
- 8.4.2. Europe: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
- 8.4.3. Europe: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.4. AI in Chemicals Market - UK
  - 8.4.4.1. UK: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.4.2. UK: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.4.3. UK: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.5. AI in Chemicals Market - France
  - 8.4.5.1. France: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.5.2. France: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.5.3. France: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.6. AI in Chemicals Market - Germany
  - 8.4.6.1. Germany: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.6.2. Germany: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.6.3. Germany: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.7. AI in Chemicals Market - Italy
  - 8.4.7.1. Italy: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.7.2. Italy: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.7.3. Italy: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.8. AI in Chemicals Market - Spain
  - 8.4.8.1. Spain: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.8.2. Spain: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.8.3. Spain: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.9. AI in Chemicals Market - Netherlands
  - 8.4.9.1. Netherlands: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.9.2. Netherlands: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.9.3. Netherlands: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.10. AI in Chemicals Market - Russia
  - 8.4.10.1. Russia: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.10.2. Russia: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.10.3. Russia: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.4.11. AI in Chemicals Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.4.11.2. Rest of Europe: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.4.11.3. Rest of Europe: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
8.5. AI in Chemicals Market - Asia Pacific
- 8.5.1. Asia Pacific: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.4. AI in Chemicals Market - China
  - 8.5.4.1. China: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.4.2. China: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.4.3. China: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.5. AI in Chemicals Market - India
  - 8.5.5.1. India: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.5.2. India: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.5.3. India: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.6. AI in Chemicals Market - Malaysia
  - 8.5.6.1. Malaysia: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.6.2. Malaysia: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.6.3. Malaysia: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.7. AI in Chemicals Market - Japan
  - 8.5.7.1. Japan: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.7.2. Japan: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.7.3. Japan: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.8. AI in Chemicals Market - Indonesia
  - 8.5.8.1. Indonesia: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.8.2. Indonesia: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.8.3. Indonesia: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.9. AI in Chemicals Market - South Korea
  - 8.5.9.1. South Korea: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.9.2. South Korea: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.9.3. South Korea: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.10. AI in Chemicals Market - Australia
  - 8.5.10.1. Australia: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.10.2. Australia: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.10.3. Australia: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.5.11. AI in Chemicals Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.5.11.2. Rest of Asia Pacific: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.5.11.3. Rest of Asia Pacific: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
8.6. AI in Chemicals Market - Middle East & Africa
- 8.6.1. Middle East & Africa: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.6.4. AI in Chemicals Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.6.4.2. Saudi Arabia: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.6.4.3. Saudi Arabia: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.6.5. AI in Chemicals Market - UAE
  - 8.6.5.1. UAE: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.6.5.2. UAE: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.6.5.3. UAE: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.6.6. AI in Chemicals Market - Israel
  - 8.6.6.1. Israel: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.6.6.2. Israel: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.6.6.3. Israel: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.6.7. AI in Chemicals Market - South Africa
  - 8.6.7.1. South Africa: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.6.7.2. South Africa: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.6.7.3. South Africa: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.6.8. AI in Chemicals Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.6.8.2. Rest of Middle East & Africa: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.6.8.3. Rest of Middle East & Africa: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
8.7. AI in Chemicals Market - Latin America
- 8.7.1. Latin America: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
- 8.7.2. Latin America: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
- 8.7.3. Latin America: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.7.4. AI in Chemicals Market - Mexico
  - 8.7.4.1. Mexico: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.7.4.2. Mexico: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.7.4.3. Mexico: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.7.5. AI in Chemicals Market - Brazil
  - 8.7.5.1. Brazil: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.7.5.2. Brazil: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.7.5.3. Brazil: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.7.6. AI in Chemicals Market - Argentina
  - 8.7.6.1. Argentina: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.7.6.2. Argentina: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.7.6.3. Argentina: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)
- 8.7.7. AI in Chemicals Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: AI in Chemicals Market, by Component, 2019-2032 (USD Million)
  - 8.7.7.2. Rest of Latin America: AI in Chemicals Market, by Business Application, 2019-2032 (USD Million)
  - 8.7.7.3. Rest of Latin America: AI in Chemicals Market, by End-Use, 2019-2032 (USD Million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. AWS
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. C3.ai
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Zapata AI
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Engie Impact
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. GE Vernova
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Google
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Sumitomo Chemicals
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Hexagon
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. IBM
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Iktos
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Microsoft
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Noble AI
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
10.13. NVIDIA
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
10.14. SAP
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
10.15. Trendminer
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development