AI in Chemicals Market Size to Surpass USD 10,257.62
From GlobeNewswire: 2025-05-29 10:00:00
- The AI in Chemicals Market was valued at USD 651.65 million in 2023 and is projected to reach USD 10,257.62 million by 2032, growing at a CAGR of 35.89%. The integration of AI in the chemicals market is fueling rapid expansion through digital transformation and smart manufacturing.
- The U.S. AI in Chemicals Market, valued at USD 176.93 million in 2023, is expected to reach USD 2,782.56 million by 2032, growing at a CAGR of 35.82%. Demand for advanced AI technologies in chemical R&D is driving market growth with a focus on innovation and efficiency.
- AI in Chemicals Market Report Scope includes market size, CAGR, key segments (type, application, end-use), and key growth drivers such as optimization, waste reduction, and sustainability. Major players include Accenture, BASF, Google, Honeywell, IBM, Microsoft, NVIDIA, and more.
- AI revolutionizes chemical manufacturing by driving efficiency, sustainability, and innovation. Predictive AI models forecast failures, machine learning boosts yield, and automation ensures compliance. Real-time energy management reduces consumption and emissions, supporting sustainability goals in the industry.
- Production Optimization was the most lucrative application segment in 2023, while New Material Innovation is expected to grow at a CAGR of 38.29% between 2024 and 2032. Software accounted for 53% of the market share in 2023, with Services expected to grow at a CAGR of 37.09%.
- North America dominated the AI in Chemicals Market in 2023, while Asia Pacific is expected to register the highest CAGR of 38.59% from 2024 to 2032. Recent developments include BASF’s sustainability efforts and Chevron’s use of AI-powered solutions for refining.
- SNS Insider is a leading market research and consulting agency providing clients with current market data and insights to make informed decisions. Their research on AI in Chemicals Market offers valuable information on market dynamics, trends, and competitive landscape for industry players.
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