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

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

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:

AI in Chemicals Market, By Component (2019-2032 (USD million)

• Hardware
• Accelerators
• Processors
• Memory
• Network
• Software
• By Type

Dashboard & Analytics Tools

Process Simulation Software

Chemical Modeling Software

Laboratory Management Software

Virtual Screening Tools

Chemical Property Prediction Tools

• By Technology

ML

Deep Learning

Generative AI

NLP

Computer Vision

Advanced Analytics

• By Deployment Mode

Cloud

On-Premises

• Services
• Professional Services

Consulting Services

Deployment Services

Support & Maintenance

• Managed Services

AI in Chemicals Market, By Business Application (2019-2032 (USD million)

• R&D
• Production
• Supply Chain Management
• Strategy Management

AI in Chemicals Market, By End User (2019-2032 (USD million)

• Basic Chemicals
• Advance Materials
• Active Ingredients
• Green & Biochemicals
• Paints & Coatings
• Adhesive & Sealants
• Water Treatment & Services
• Other End Users

AI in Chemicals Market, By Region Outlook (2019-2032 (USD million)

• 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