[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global IoT in Chemical Industry Market Size Study, by Technology (Machine Vision, 3D Printing, Digital Twin, Plant Asset Management, Manufacturing Execution System, Distributed Control System, Industrial Robotics, Big Data, Artificial Intelligence, AR and VR, Others), by Application (Petrochemicals and Polymers, Fertilizers and Agrochemicals, Others) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G8226B5EE18BEN
Bizwit Research & Consulting LLP

US$ 4,950.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global IoT in Chemical Industry Market is valued at approximately USD 73.54 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.19% over the forecast period 2024-2032. IoT technology in the chemical industry encompasses web-connected smart devices equipped with processors, sensors, and communication hardware, enabling the collection, analysis, and processing of data from their surroundings. This technology enhances efficiency in chemical production by connecting sensors and devices to machines for quick and efficient service delivery. The escalating environmental concerns due to chemical emissions, the need to mitigate risks associated with chemical industries, and the increasing emphasis on the circular economy are pivotal factors driving the market's growth. Additionally, the growing adoption of industrial robots further propels the market.

The global IoT market in the chemical industry is experiencing increased demand due to rising adoption of industrial robots. These robots, integrated with IoT technologies, enhance automation, efficiency, and safety across chemical manufacturing processes. As industries prioritize operational excellence and cost-effectiveness, IoT-enabled robots offer real-time monitoring, predictive maintenance, and precise control over production variables. This trend is particularly pronounced in regions like Asia-Pacific, where industrialization and technological advancements drive significant IoT investment. The synergy between industrial robots and IoT not only improves productivity but also ensures compliance with stringent regulatory standards, thereby fueling further growth in the global IoT market for the chemical industry. However, high initial data privacy concerns and substantial initial investments pose challenges to the market's expansion. Conversely, the surge in chemical production in both developed and developing nations presents lucrative opportunities for the IoT in chemical industry market.

The key region in the Global IoT in Chemical Industry Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific dominates the Global IoT in Chemical Industry Market in terms of revenue and projected to witness fastest growth during the forecast period 2024-2032. This region's leadership is driven by rapid industrialization, technological advancements, and increasing adoption of IoT solutions across chemical manufacturing processes. Countries like China, India, and Japan lead the charge, leveraging IoT to enhance operational efficiency, improve supply chain management, and ensure regulatory compliance. The growing emphasis on smart manufacturing and digital transformation in Asia-Pacific further accelerates IoT adoption in the chemical sector. Moreover, supportive government initiatives and investments in IoT infrastructure bolster the region's position at the forefront of shaping the future of IoT applications in the chemical industry worldwide.

Major market players included in this report are:

ABB Ltd

Altizon, Inc.

Atos SE

Cisco Systems, Inc.

Emerson Electric Co

Endress+Hauser AG

Fanuc Corporation

General Electric

Honeywell International Inc.

Microsoft Corporation

Mitsubishi Electric Corporation

Rockwell Automation, Inc.

Schneider Electric SE

Siemens AG

Yokogawa Electric Corporation

The detailed segments and sub-segment of the market are explained below:

By Technology

Machine Vision

3D Printing

Digital Twin

Plant Asset Management

Manufacturing Execution System

Distributed Control System

Industrial Robotics

Big Data

Artificial Intelligence

AR and VR

Others

By Application

Petrochemicals and Polymers

Fertilizers and Agrochemicals

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET EXECUTIVE SUMMARY

1.1. Global IoT in Chemical Industry Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Technology
  1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Growing Environmental Concerns
  3.1.2. Increase in Adoption of Industrial Robots
  3.1.3. Focus on Circular Economy
3.2. Market Challenges
  3.2.1. High Initial Data Privacy Concern
  3.2.2. High Initial Investment
3.3. Market Opportunities
  3.3.1. Increased Chemical Production in Developed and Developing Countries
  3.3.2. Rise in IoT Solutions Adoption

CHAPTER 4. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

5.1. Segment Dashboard
5.2. Global IoT in Chemical Industry Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
  5.2.1. Machine Vision
  5.2.2. 3D Printing
  5.2.3. Digital Twin
  5.2.4. Plant Asset Management
  5.2.5. Manufacturing Execution System
  5.2.6. Distributed Control System
  5.2.7. Industrial Robotics
  5.2.8. Big Data
  5.2.9. Artificial Intelligence
  5.2.10. AR and VR
  5.2.11. Others

CHAPTER 6. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

6.1. Segment Dashboard
6.2. Global IoT in Chemical Industry Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
  6.2.1. Petrochemicals and Polymers
  6.2.2. Fertilizers and Agrochemicals
  6.2.3. Others

CHAPTER 7. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America IoT in Chemical Industry Market
  7.1.1. U.S. IoT in Chemical Industry Market
    7.1.1.1. Technology breakdown size & forecasts, 2022-2032
    7.1.1.2. Application breakdown size & forecasts, 2022-2032
  7.1.2. Canada IoT in Chemical Industry Market
7.2. Europe IoT in Chemical Industry Market
  7.2.1. U.K. IoT in Chemical Industry Market
  7.2.2. Germany IoT in Chemical Industry Market
  7.2.3. France IoT in Chemical Industry Market
  7.2.4. Spain IoT in Chemical Industry Market
  7.2.5. Italy IoT in Chemical Industry Market
  7.2.6. Rest of Europe IoT in Chemical Industry Market
7.3. Asia-Pacific IoT in Chemical Industry Market
  7.3.1. China IoT in Chemical Industry Market
  7.3.2. India IoT in Chemical Industry Market
  7.3.3. Japan IoT in Chemical Industry Market
  7.3.4. Australia IoT in Chemical Industry Market
  7.3.5. South Korea IoT in Chemical Industry Market
  7.3.6. Rest of Asia-Pacific IoT in Chemical Industry Market
7.4. Latin America IoT in Chemical Industry Market
  7.4.1. Brazil IoT in Chemical Industry Market
  7.4.2. Mexico IoT in Chemical Industry Market
  7.4.3. Rest of Latin America IoT in Chemical Industry Market
7.5. Middle East & Africa IoT in Chemical Industry Market
  7.5.1. Saudi Arabia IoT in Chemical Industry Market
  7.5.2. South Africa IoT in Chemical Industry Market
  7.5.3. Rest of Middle East & Africa IoT in Chemical Industry Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Altizon, Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Atos SE
  8.3.3. Emerson Electric Co
  8.3.4. Endress+Hauser AG
  8.3.5. Fanuc Corporation
  8.3.6. General Electric
  8.3.7. Honeywell International Inc.
  8.3.8. Microsoft Corporation
  8.3.9. Mitsubishi Electric Corporation
  8.3.10. Rockwell Automation, Inc.
  8.3.11. Schneider Electric SE
  8.3.12. Yokogawa Electric Corporation
  8.3.13. ABB Ltd
  8.3.14. Cisco Systems, Inc.
  8.3.15. Siemens AG

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global IoT in Chemical Industry market, report scope
TABLE 2. Global IoT in Chemical Industry market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global IoT in Chemical Industry market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 4. Global IoT in Chemical Industry market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global IoT in Chemical Industry market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global IoT in Chemical Industry market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global IoT in Chemical Industry Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global IoT in Chemical Industry Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global IoT in Chemical Industry Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global IoT in Chemical Industry Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global IoT in Chemical Industry Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global IoT in Chemical Industry Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global IoT in Chemical Industry Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global IoT in Chemical Industry Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. IoT in Chemical Industry Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. IoT in Chemical Industry Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. IoT in Chemical Industry Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada IoT in Chemical Industry Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada IoT in Chemical Industry Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada IoT in Chemical Industry Market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global IoT in Chemical Industry market, research methodology
FIG 2. Global IoT in Chemical Industry market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global IoT in Chemical Industry market, key trends 2023
FIG 5. Global IoT in Chemical Industry market, growth prospects 2022-2032
FIG 6. Global IoT in Chemical Industry market, porters 5 force model
FIG 7. Global IoT in Chemical Industry market, PESTEL analysis
FIG 8. Global IoT in Chemical Industry market, value chain analysis
FIG 9. Global IoT in Chemical Industry market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global IoT in Chemical Industry market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global IoT in Chemical Industry Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global IoT in Chemical Industry Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global IoT in Chemical Industry Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global IoT in Chemical Industry Market, regional snapshot 2022 & 2032
FIG 15. North America IoT in Chemical Industry Market 2022 & 2032 (USD Billion)
FIG 16. Europe IoT in Chemical Industry Market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific IoT in Chemical Industry Market 2022 & 2032 (USD Billion)
FIG 18. Latin America IoT in Chemical Industry Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa IoT in Chemical Industry Market 2022 & 2032 (USD Billion)
FIG 20. Global IoT in Chemical Industry Market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


More Publications