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Artificial Intelligence (AI) in Chemicals Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Artificial Intelligence (AI) in Chemicals Market SizeThe global Artificial Intelligence (AI) in Chemicals market was valued at US$ 1511 million in 2023 and is anticipated to reach US$ 6160.9 million by 2030, witnessing a CAGR of 22.8% during the forecast period 2024-2030.
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Artificial Intelligence (AI) in Chemicals Market
AI is used to accelerate innovation between the process and product development stages. Utilizing machine learning as well as advanced analytics algorithms with historical data, chemical industries are able to accurately formulate costs and performance. Many chemical sectors use customized mathematical algorithms and models to determine the optimal chemical combination and forecast the catalyst aging process and complex dye solubility.
As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate €9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.125%, including software, hardware and services.
This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence (AI) in Chemicals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence (AI) in Chemicals.
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Segment by Type
• Hardware
• Software and Services
Segment by Application
• Molecule Design
• Retrosynthesis
• Reaction Outcome Prediction
• Reaction Conditions Prediction
• Chemical Reaction Optimization
• Others
By Company
Azelis Group NV, Brenntag S.E., Biesterfeld AG, HELM AG, ICC Industries Inc., IMCD N.V., Manuchar N.V, Omya AG, Petrochem Middle East FZE, Sinochem Corporation, Sojitz Corporation, Tricon Energy Inc., Univar Solutions Inc., Chemical.AI
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