IoT in Chemical Industry Market Size, Industry Share, Growth Trends & Forecast Outlook (2026-2031)

The large-scale integration of Internet of Things (IoT) technologies across petrochemicals & polymers, specialty chemicals, fertilizers & agrochemicals, consumer chemicals, industrial gases, and water management is significantly accelerating the growth of the global IoT in the chemical industry market.

According to a recent report published by Allied Market Research titled "IoT in Chemical Industry Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2021-2031," the market was valued at $57.4 billion in 2021 and is projected to reach $193.9 billion by 2031, growing at a CAGR of 13.3% from 2022 to 2031.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A17266

The report provides an in-depth analysis of market dynamics, emerging trends, key investment pockets, value chains, regional outlook, and competitive landscape.

Market Drivers, Challenges, and Opportunities:-

Key Growth Drivers:

- Widespread adoption of IoT across chemical production facilities
- Increasing deployment of industrial robotics in chemical plants
- Rising need for operational efficiency and real-time monitoring
- Growing demand for automation and predictive maintenance

IoT solutions are enabling chemical manufacturers to optimize production processes, reduce downtime, enhance safety, and improve overall asset performance.

Market Restraints:

- Concerns related to data privacy and cybersecurity
- High initial investment and implementation costs

Emerging Opportunities:

- Surge in chemical production across emerging economies
- Growing adoption of cloud-based IoT platforms
Rapid industrialization in developing nations

Technology Insights: Plant Asset Management to Register Highest CAGR

Among technology segments, Plant Asset Management is projected to register the highest CAGR of 14.1% from 2022 to 2031.

Plant asset management solutions enable:

- Lifecycle tracking from procurement to disposal
- Real-time monitoring of equipment performance
- Maintenance scheduling and cost optimization
- Improved asset reliability and operational efficiency

As chemical manufacturing relies heavily on large-scale equipment and fixed assets, advanced asset management tools are gaining strong traction globally.

Other technologies analyzed in the report include:

- Industrial Robotics
- Big Data
- Artificial Intelligence
- AR & VR
- Machine Vision
- 3D Printing
- Digital Twin
- Manufacturing Execution Systems
- Distributed Control Systems

Application Insights: Petrochemicals & Polymers Lead the Market

By application, the Petrochemicals and Polymers segment is expected to dominate the market, accounting for more than two-fifths of the total market share by 2031 and registering the highest CAGR of 14.1%.

The growth of this segment is driven by:

- Extensive IoT integration in petroleum and petrochemical operations
- Real-time data analytics for demand forecasting
- Cost optimization and improved operational efficiency
- Deployment of AI-powered visual inspection systems

For instance, manufacturers are integrating deep-learning algorithms with camera systems in super absorbent polymer (SAP) production lines to detect foreign substances, minimize shutdowns, and enhance inspection efficiency.

Other applications covered include Fertilizers & Agrochemicals and other chemical segments.

Regional Outlook: Asia-Pacific to Maintain Dominance

The Asia-Pacific region dominated the global market in 2021, accounting for nearly three-fifths of total revenue, and is projected to retain its leadership through 2031 with the fastest CAGR of 14.1%.

Growth in the region is attributed to:

- Expanding chemical production in China, India, Thailand, and Indonesia
- Rapid industrialization and urbanization
- Increasing investment in digital manufacturing technologies

The report also evaluates market performance across North America, Europe, and LAMEA.

Leading Market Players:-

Key companies operating in the global IoT in chemical industry market include:

- 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

These players are adopting strategic initiatives such as product launches, partnerships, expansions, and joint ventures to strengthen their global presence and enhance market penetration.

Obtain Report Details: https://www.alliedmarketresearch.com/iot-in-chemical-industry-market-A17266

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.