Report cover image

AI in Chemicals Market Size, Share, and Analysis, By Type (Hardware, Software, and Services), By Application (Discovery of New Material, Production Optimization, Pricing Optimization, Load Forecasting of Raw Materials, Product Portfolio Optimization, Feed

Publisher Fatpos Global
Published Nov 01, 2024
Length 383 Pages
SKU # FAGL19336130

Description

AI in Chemicals Market Size, Share, and Analysis, By Type (Hardware, Software, and Services), By Application (Discovery of New Material, Production Optimization, Pricing Optimization, Load Forecasting of Raw Materials, Product Portfolio Optimization, Feedstock Optimization, and Others), By End-User (Base Chemicals & Petrochemicals, Specialty Chemicals, and Agrochemicals), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034


AI in Chemicals Market Size, Share, and Analysis, By Type (Hardware, Software, and Services), By Application (Discovery of New Material, Production Optimization, Pricing Optimization, Load Forecasting of Raw Materials, Product Portfolio Optimization, Feedstock Optimization, and Others), By End-User (Base Chemicals & Petrochemicals, Specialty Chemicals, and Agrochemicals), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

AI in Chemicals Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 34.2% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.2 billion and is projected to reach USD 29.9 billion by the completion of 2034.

AI in chemicals are the integration of artificial intelligence techniques with chemical research and applications, which includes tasks such as drug discovery, materials design, reaction prediction, and process optimization. The method involves the analysis of vast chemical data to identify patterns and propose new molecules or materials with specific characteristics by using machine learning algorithms. In addition, drug development is accelerated by recreating the interaction of molecules and predicting potential drug candidates, which helps save time and money. Moreover, AI-driven automation improves chemical operations and enhances efficiency, along with sustainability. This synergy between AI and chemistry promises to transform drug development and pave the way for discoveries in the field of chemistry.

MARKET HIGHLIGHTS

AI in Chemicals Market is projected to reach USD 29.9 billion over the forecast period, driven by the growing demand for effective solutions in drug discovery and process optimization. Artificial intelligence is reshaping traditional methods in chemical research and improving the pace of discoveries by using innovations in machine learning and big data analytics. In the pharmaceutical sector, the predictive capabilities of AI in the identification of drug candidates are simplifying the procedure of drug development. Similarly, AI-driven automation is improving chemical procedures across various industries, which leads to high productivity and sustainability. As a result, the AI in chemicals market is attracting major investments from established firms and startups, that are aimed at improving AI-driven solutions in chemistry.

AI in Chemicals Market Segments:
  • By Type
  • Hardware
  • Software
  • Services
  • By Application
  • Discovery of New Material
  • Production Optimization
  • Pricing Optimization
  • Load Forecasting of Raw Materials
  • Product Portfolio Optimization
  • Feedstock Optimization
  • Others
  • By End-User
  • Base Chemicals & Petrochemicals
  • Specialty Chemicals
  • Agrochemicals
MARKET DYNAMICS

Growth Drivers

Growing Demand for Efficiency and Innovation Will Promote the Growth of AI in Chemicals

Improvements in AI and Big Data Analytics Will Promote the Adoption of AI in Chemicals

Restraint

Data Privacy and Security Concerns May Prevent Growth in the Market

Key Players
  • IBM Corporation
  • Microsoft Corporation
  • Accenture plc
  • NVIDIA Corporation
  • DeepMind Technologies
  • Cognizant Technology Solutions Corporation
  • Intel Corporation
  • Siemens AG
  • Oracle Corporation
  • Dow Chemical Company
  • Bayer AG
  • Google LLC
  • SAS Institute Inc.
  • BASF SE
  • Merck KGaA
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

383 Pages
1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.AI in Chemicals Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.AI in Chemicals Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. AI in Chemicals Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. AI in Chemicals Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.AI in Chemicals Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Hardware
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Software
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Services
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Discovery of New Material
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Production Optimization
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Pricing Optimization
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Load Forecasting of Raw Materials
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Product Portfolio Optimization
11.3.2.5.1. By Value (USD Million) 2024-2034F
11.3.2.5.2.Market Share (%) 2024-2034F
11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Feedstock Optimization
11.3.2.6.1. By Value (USD Million) 2024-2034F
11.3.2.6.2.Market Share (%) 2024-2034F
11.3.2.6.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.7. Others
11.3.2.7.1. By Value (USD Million) 2024-2034F
11.3.2.7.2.Market Share (%) 2024-2034F
11.3.2.7.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By End-User
11.3.3.1.Base Chemical & Petrochemicals
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Specialty Chemicals
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Agrochemicals
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. North America AI in Chemicals Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2.By Application
12.3.3.By End-User
12.4. Country
12.4.1.United States
12.4.2. Canada
13. Europe AI in Chemicals Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2.By Application
13.3.3.By End-User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific AI in Chemicals Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2.By Application
14.3.3.By End-User
14.4. Country
14.4.1.India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa AI in Chemicals Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2.By Application
15.3.3.By End-User
15.4. Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America AI in Chemicals Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2.By Application
16.3.3.By End-User
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. IBM Corporation
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Google LLC
18.3. Microsoft Corporation
18.4.Accenture plc
18.5. SAS Institute Inc.
18.6. NVIDIA Corporation
18.7. DeepMind Technologies
18.8.Cognizant Technology Solutions Corporation
18.9. Intel Corporation
18.10.Siemens AG
18.11.Oracle Corporation
18.12.Bayer AG
18.13.BASF SE
18.14.Dow Chemical Company
18.15.Merck KGaA
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us