In-Depth Analysis of the Internet of Things (IoT) in the chemical Market: Growth Opportunities, Key Trends, and Forecast 2025-2034

What combination of drivers is leading to accelerated growth in the internet of things (iot) in the chemical market?
The boom in the chemical industry is predicted to drive the expansion of the Internet of Things (IoT) within this chemical market sector. This industry, which comprises of the development, manufacturing, and distribution of chemicals and chemical products, holds the ability to greatly enhance operational efficiency, safety, sustainability, and decision-making via the implementation of IoT. To illustrate, a report from February 2023 provided by BASF SE, a chemical firm based out of Germany, projected that the global chemical production (excluding pharmaceuticals) will experience a 2.0% growth in 2023. In China, which is the biggest chemical market globally, a 5.9% growth in chemical production is anticipated. Thus, the escalating demand within the chemical sector is fuelling the expansion of the Internet of Things (IoT) in the chemical market.

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What is the projected compound annual growth rate (CAGR) of the internet of things (iot) in the chemical market from 2025 to 2034, and what factors influence it?
The chemical market's size in the area of internet of things (IoT) has seen a swift increase in its recent past. It is foreseen to enlarge from a $74.54 billion market in 2024 to a $84.77 billion one in 2025, presenting a compound annual growth rate (CAGR) of 13.7%. The growth experienced in the historical period is a direct result of advancements in process optimization and automation, adherence to regulatory standards, improvements in supply chain visibility, enhanced management of assets and predictive maintenance, along with energy efficiency.

There is an anticipation for the internet of things (IoT) in the chemical market to experience significant growth in the upcoming years, with projections reaching $146.84 billion in the year 2029 at a compound annual growth rate (CAGR) of 14.7%. Expected growth during the forecasted period is tied to the incorporation of artificial intelligence (AI), edge computing for instant processing, blockchain technology for supply chain clarity, collaborative ecosystems, smart packaging, and logistics. The forecasted period will also witness several trends including advanced sensor technologies, the adoption of digital twins, 5g connectivity for reduced latency, enhanced cybersecurity, and a focus on data privacy, as well as the increased use of augmented reality for maintenance.

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How are the latest trends influencing the growth of the internet of things (iot) in the chemical market?
The adoption of technological innovations is progressively becoming a major trend in the Internet of Things (IoT) for the chemical market. Firms engaged in the IoT for this specific market are harnessing new technologies to maintain their competitive edge. In January 2022, State Industrial Products, an American company specializing in the manufacture and distribution of water treatment chemicals, disinfectants, among others, introduced a cutting-edge IoT platform technology called StaWatch. This latest commercial and industrial IoT solution allows State to oversee and manage its cooling tower system remotely, offering clients 24/7 access and control.

What are the major segments of the internet of things (iot) in the chemical market and their role in driving growth?
The internet of things (IoT) in the chemical market covered in this report is segmented -

1) By Technology Type: Machine Vision, 3D Printing, Manufacturing Execution Systems, Distributed Control Systems, Industrial Robotics, Big Data, Artificial Intelligence, Augmented Reality And Virtual Reality, Other Technologies
2) By Industry: Large Enterprises, Small And Medium-Sized Enterprises
3) By End User: Metals And Mining, Food And Beverages, Chemical, Pharmaceutical, Pulp And Paper

Subsegments:
1) By Machine Vision: Image Processing, Quality Inspection, Automated Identification
2) By 3D Printing: Material Extrusion, Stereolithography, Binder Jetting, Powder Bed Fusion
3) By Manufacturing Execution Systems (MES): Production Tracking, Workflow Management, Data Collection And Analysis
4) By Distributed Control Systems (DCS): Control Loops, Data Acquisition, Process Visualization
5) By Industrial Robotics: Articulated Robots, Collaborative Robots (Cobots), SCARA Robots
6) By Big Data: Data Storage Solutions, Data Processing Frameworks, Predictive Analytics
7) By Artificial Intelligence (AI): Machine Learning Algorithms, Natural Language Processing, Neural Networks
8) By Augmented Reality (AR) And Virtual Reality (VR): Training Simulations, Remote Assistance, Maintenance Applications
9) By Other Technologies: Cloud Computing, Edge Computing, Blockchain For Supply Chain Management

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Which regions are key players in the growth of the internet of things (iot) in the chemical market?
North America was the largest region in the Internet of Things (IoT) in the chemical market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the internet of things (IoT) in the chemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the internet of things (iot) in the chemical market?
Major companies operating in the internet of things (IoT) in the chemical market include Microsoft Corporation, BASF SE, Huawei Technologies Co. Ltd., Hitachi Ltd., Siemens AG, General Electric Company (GE), Intel Corporation, The International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., Air Liquide S.A., SAP SE, ABB Ltd, Hewlett Packard Enterprise Development LP, Nokia Corporation, Johnson Controls International, Emerson Electric Co., Atos SE, Rockwell Automation Inc., FANUC Corporation, Yokogawa Electric Corporation, PTC Inc., Cognite AS, Seeq Corporation, Appshare Technologies Inc., Altizon Inc., SumatoSoft, Davra Network Limited

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What Is Covered In The Internet of Things (IoT) in the chemical Global Market Report?

• Market Size Forecast: Examine the internet of things (iot) in the chemical market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the internet of things (iot) in the chemical market for a structured understanding.
• Key Players Overview: Analyze major players in the internet of things (iot) in the chemical market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the internet of things (iot) in the chemical market.
• Segment Contributions: Evaluate how different segments drive overall growth in the internet of things (iot) in the chemical market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the internet of things (iot) in the chemical market.
• Industry Challenges: Identify potential risks and obstacles affecting the internet of things (iot) in the chemical market.
• Competitive Landscape: Review strategic developments in the internet of things (iot) in the chemical market, including expansions, agreements, and new product launches.

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