조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년05월
AI in Chemicals Market – Global Forecast to 2029
화학 산업의 AI 시장 : 구성 요소[하드웨어, 소프트웨어(유형, 기술, 배포 모드별) 및 서비스], 비즈니스 애플리케이션, 최종 사용자(기초 화학물질, 활성 성분, 페인트 및 코팅), 지역별 – 2029년까지의 세계 예측
AI in Chemicals Market by Component (Hardware, Software (by Type, Technology, and Deployment Mode) and Services), Business Application, End User (Basic Chemicals, Active Ingredients, and Paints & Coatings) and Region – Global Forecast to 2029
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| Multi User License | USD 6,650 |
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| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The global AI in chemicals market is valued at USD 0.7 billion in 2024 and is estimated to reach USD 3.8 billion in 2029, registering a CAGR of 39.2% during the forecast period.
전 세계 화학 산업의 AI 시장 가치는 2024년 7억 달러, 2029년에는 38억 달러에 이를 것으로 예상되며, 예측 기간 동안 연평균 성장률(CAGR)은 39.2%를 기록합니다.
Optimizing chemical processes with AI-enabled solutions serves as a potential driver for accelerating the adoption of AI in the chemical sector. As more than 80% of chemical companies now prioritize sustainability alongside revenue growth, AI emerges as a crucial tool for achieving these goals. Notably, in 2022, two-thirds of companies actively developing AI strategies reported significant increases in both productivity and sustainability achievements. AI-powered predictive models offer precise recommendations for formulations and manufacturing processes, advancing sustainability objectives while significantly improving return on investment. Companies implementing AI strategies have witnessed notable cost reductions of up to 30% and impressive decreases of 20% in greenhouse gas emissions within their chemical workflows. Successful integration of AI relies on robust data foundations and effective training strategies. Ensuring data diversity and quality is paramount to maintaining accuracy and preventing model drift, safeguarding against suboptimal predictions and investments. Through enriched datasets and curated training sets, companies validate AI models, unlocking new insights and breakthroughs.
“By component, the software segment is projected to hold the largest market size during the forecast period.”
The AI landscape in the chemicals market is multifaceted, encompassing a diverse range ofvarious software solutions tailored to specific industry needs. These software solutions is are categorized by type, including dashboard and analytics tools that enable real-time data visualization and strategic decision-making, process simulation software that aids in modeling and optimizing chemical processes, chemical modeling software for molecular design and analysis, laboratory management software for efficient lab operations, virtual screening tools for drug discovery and materials design, and chemical property prediction tools for predicting material properties and behavior. This software is further categorized by advanced technologies such as machine learning, deep learning, generative AI, natural language processing (NLP), computer vision, and advanced analytics. Moreover, these softwares are deployed across different modes, including cloud-based solutions for scalability, flexibility, and accessibility, as well as on-premises deployments for data security, control, and compliance. This diverse software ecosystem forms the foundation for AI-driven innovation, optimization, and transformative advancements in the chemicals industry.
“By Business Application, R&D is registered to grow at the highest CAGR during the forecast period.”
The chemical sector is undergoing a significant transformation driven by the rapid adoption of artificial intelligence (AI) technologies. This shift is propelled by the need for more efficient and sustainable research and development (R&D) processes. In November 2022, Chemical.AI, a Shanghai-based R&D AI technology firm, secured USD 14 million in Series B funding. Chemical.AI specializes in harnessing AI and automation to create an intelligent chemical synthesis platform, thereby boosting research efficacy in chemistry and streamlining drug discovery processes. Initiatives such as the collaboration between Eastman and NC State’s Department of Chemical and Biomolecular Engineering exemplify this trend by leveraging AI, catalysis, and robotics to create self-driving labs. By automating labor-intensive tasks and accelerating compound discovery and property prediction, AI optimizes R&D processes, leading to more sustainable and efficient manufacturing of specialty chemicals. Additionally, companies such as Quantistry, with its advanced cloud-native simulation platform integrating Quantum and AI technologies, are further revolutionizing chemical research and development. Their focus on sustainability and efficiency, coupled with quantum-based simulations and AI-driven insights, enables innovative materials’ optimization, discovery, and design.
“Asia Pacific is projected to witness the highest CAGR during the forecast period.”
The Asia Pacific region is experiencing a transformative shift in the chemicals industry due to the integration of artificial intelligence technologies. Countries such as China and Japan are leading this transformation with robust investments in AI research, development, and implementation across the chemical value chain. China, being the largest chemicals market, is leveraging AI for process optimization, predictive maintenance, and supply chain management, driving efficiency and cost savings. Japan’s chemical industry, renowned for its innovation, is adopting AI for product development, quality control, and sustainability initiatives, contributing to its global competitiveness. India’s rapidly growing chemical sector is embracing AI for smart manufacturing, safety enhancements, and environmental sustainability, supported by government initiatives and private investments. South Korea, with its focus on AI research and development, is fostering AI-driven innovations in chemical production processes, driving technological advancements and market competitiveness.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the AI in chemicals market.
- By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
- By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
- By Region: North America: 40%, Europe: 20%, Asia Pacific: 30%, Middle East & Africa: 5%, Latin America: 5%
Major vendors offering AI in chemicals hardware, software and services across the globe are IBM (US), Microsoft (US), Schneider Electric (France), AWS (US), Google (US), SAP (Germany), NVIDIA (US), C3.ai (US), GE Vernova (US), Siemens (Germany), Hexagon (Sweden), Engie Impact (US), TrendMiner (Belgium), Xylem (US), NobleAI (US), Iktos (France), Kebotix (US), Uptime AI (US), Canvass AI (Canada), Nexocode (Poland), SandboxAQ (US), Deepmatter (England), Zapata AI (US), Citirne Informatics (US), Chemical.AI (China), Augury (Israel), Intellegens (UK), Ripik.AI (India), Tractian (US), Polymerize (Singapore), ScienceDesk (Germany), OptiSol Business Solutions (India), NuWater (Africa) and VROC (Australia).
Research Coverage
The market study covers AI in chemicals across segments. It aims at estimating the market size and the growth potential across different segments, such as component (hardware, software [by type, technology, and, deployment mode] & services), business application, end users, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for AI in chemicals and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growing demand of AI for research & development, Rising demand for AI-enhanced chemical process optimization), restraints (High cost associated with AI implementation in chemical industry, Regulatory constraints posing obstacles to scalability of AI solutions in chemical sector), opportunities (Growing demand for AI-based predictive maintenance, Growing integration of generative AI to unlock unprecedented opportunities), and challenges (Issues related to converting chemical data into machine-readable data, Lack of skilled workforce) influencing the growth of the AI in chemicals market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the AI in chemicals market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the AI in chemicals market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in AI in chemicals market strategies; the report also helps stakeholders understand the pulse of the AI in chemicals market and provides them with information on key market drivers, restraints, challenges, and opportunities.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as IBM (US), Microsoft (US), Google (US), Schneider Electric (France), SAP (Germany) among others in the AI in chemicals market.
Table of Contents
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.2.1 INCLUSIONS AND EXCLUSIONS 33
1.3 STUDY SCOPE 34
1.3.1 MARKET SEGMENTATION 35
1.3.2 REGIONS COVERED 35
1.3.3 YEARS CONSIDERED 36
1.4 CURRENCY CONSIDERED 36
TABLE 1 USD EXCHANGE RATE, 2020–2023 36
1.5 STAKEHOLDERS 37
1.6 RECESSION IMPACT 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 1 AI IN CHEMICALS MARKET: RESEARCH DESIGN 38
2.1.1 SECONDARY DATA 39
2.1.2 PRIMARY DATA 39
TABLE 2 PRIMARY INTERVIEWS 39
2.1.2.1 Breakup of primary profiles 40
2.1.2.2 Key insights from industry experts 40
2.2 DATA TRIANGULATION 41
FIGURE 2 AI IN CHEMICALS MARKET: DATA TRIANGULATION 41
2.3 MARKET SIZE ESTIMATION 42
FIGURE 3 AI IN CHEMICALS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 42
2.3.1 TOP-DOWN APPROACH 42
2.3.2 BOTTOM-UP APPROACH 43
FIGURE 4 APPROACH 1 (SUPPLY SIDE): REVENUE FROM VENDORS OF HARDWARE/SOFTWARE/SERVICES OF AI IN CHEMICALS MARKET 43
FIGURE 5 APPROACH 2 (BOTTOM-UP, SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL HARDWARE/SOFTWARE/SERVICES OF AI IN CHEMICALS 44
FIGURE 6 APPROACH 3 (BOTTOM-UP, SUPPLY SIDE): MARKET ESTIMATION FROM ALL HARDWARE/SOFTWARE/SERVICES AND CORRESPONDING SOURCES 45
FIGURE 7 APPROACH 4 (BOTTOM-UP, DEMAND-SIDE): SHARE OF AI IN CHEMICALS THROUGH OVERALL AI IN CHEMICALS SPENDING 45
2.4 MARKET FORECAST 46
TABLE 3 FACTOR ANALYSIS 46
2.5 RESEARCH ASSUMPTIONS 47
2.6 LIMITATIONS 49
2.7 IMPACT OF RECESSION ON GLOBAL AI IN CHEMICALS MARKET 49
TABLE 4 RECESSION IMPACT ON AI IN CHEMICALS MARKET 50
3 EXECUTIVE SUMMARY 51
TABLE 5 GLOBAL AI IN CHEMICALS MARKET SIZE AND GROWTH RATE, 2019–2023 (USD MILLION, Y-O-Y) 52
TABLE 6 GLOBAL AI IN CHEMICALS MARKET SIZE AND GROWTH RATE, 2024–2029 (USD MILLION, Y-O-Y) 52
FIGURE 8 SOFTWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 52
FIGURE 9 ACCELERATORS SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 53
FIGURE 10 DASHBOARD & ANALYTICS TOOLS SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 53
FIGURE 11 MACHINE LEARNING SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 53
FIGURE 12 CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024 54
FIGURE 13 PROFESSIONAL SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET IN 2024 54
FIGURE 14 CONSULTING SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 55
FIGURE 15 PRODUCTION SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2024 55
FIGURE 16 ACTIVE INGREDIENTS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 56
FIGURE 17 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES IN AI IN CHEMICALS MARKET 57
FIGURE 18 RISING DEMAND FOR AI-ENHANCED PROCESS OPTIMIZATION TO BOOST MARKET GROWTH 57
4.2 OVERVIEW OF RECESSION IN GLOBAL AI IN CHEMICALS MARKET 57
FIGURE 19 AI IN CHEMICALS MARKET TO WITNESS MINOR DECLINE IN Y-O-Y GROWTH IN 2024 57
4.3 AI IN CHEMICALS MARKET, BY COMPONENT 58
FIGURE 20 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 58
4.4 AI IN CHEMICALS MARKET: COMPONENTS & KEY END USERS 58
FIGURE 21 SOFTWARE AND BASIC CHEMICALS SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARES IN AI IN CHEMICALS MARKET IN 2024 58
4.5 AI IN CHEMICALS MARKET, BY REGION 59
FIGURE 22 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 59
5 MARKET OVERVIEW AND INDUSTRY TRENDS 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 60
FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: AI IN CHEMICALS MARKETS 60
5.2.1 DRIVERS 61
5.2.1.1 Growing demand for AI for R&D purposes in chemicals and materials sectors 61
FIGURE 24 IMPLEMENTATION OF ARTIFICIAL INTELLIGENCE IN CHEMICAL SECTOR 61
5.2.1.2 Rising demand for AI-enhanced chemical process optimization 61
5.2.2 RESTRAINTS 62
5.2.2.1 High cost associated with AI implementation in chemical industry 62
5.2.2.2 Regulatory constraints posing obstacles to scalability of AI solutions in chemical sector 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Growing demand for AI-based predictive maintenance 63
5.2.3.2 Growing integration of generative AI to unlock unprecedented opportunities 63
5.2.4 CHALLENGES 63
5.2.4.1 Issues related to converting chemical data into machine-readable data 63
5.2.4.2 Lack of skilled workforce 64
5.3 EVOLUTION OF AI IN CHEMICALS MARKET 64
FIGURE 25 EVOLUTION OF AI IN CHEMICALS MARKET 64
5.4 SUPPLY CHAIN ANALYSIS 66
FIGURE 26 AI IN CHEMICALS MARKET: SUPPLY CHAIN ANALYSIS 66
5.5 ECOSYSTEM ANALYSIS 67
FIGURE 27 KEY PLAYERS IN AI IN CHEMICALS MARKET ECOSYSTEM 67
TABLE 7 ROLE OF KEY PLAYERS IN AI IN CHEMICALS MARKET 67
5.5.1 SOFTWARE PROVIDERS 69
5.5.2 SERVICE PROVIDERS 69
5.5.3 END USERS 69
5.5.4 REGULATORY BODIES 69
5.6 CASE STUDY ANALYSIS 70
5.6.1 EVONIK COLLABORATED WITH IBM RESEARCH EUROPE AND MIT-IBM WATSON AI LAB TO LEVERAGE AI TO ACCELERATE DEVELOPMENT AND OPTIMIZATION OF MATERIALS 70
5.6.2 INDORAMA VENTURES OPTIMIZED RISK MANAGEMENT WITH SAP’S INTELLIGENT ASSET MANAGEMENT AND ASLNT’S SOLUTIONS 70
5.6.3 TERRAY THERAPEUTICS REVOLUTIONIZED DRUG DISCOVERY WITH AI-DRIVEN MOLECULAR DESIGN COATI BY LEVERAGING NVIDIA DGX CLOUD 71
5.6.4 BASF OPTIMIZED CHEMICAL PLANT UPTIME WITH AI-DRIVEN REMOTE MONITORING SUBSTATION 6 BUILD WITH HELP OF SCHNEIDER ELECTRIC 71
5.6.5 LARGE EUROPEAN SPECIALTY CHEMICALS MANUFACTURER IMPLEMENTED C3 AI PROCESS OPTIMIZATION APPLICATION TO IMPROVE MANUFACTURING YIELDS 72
5.7 TECHNOLOGY ANALYSIS 72
5.7.1 KEY TECHNOLOGIES 73
5.7.1.1 Conversational AI 73
5.7.1.2 LLMs 73
5.7.1.3 Context-aware computing 73
5.7.1.4 Cloud computing 74
5.7.1.5 Augmented analytics 74
5.7.2 ADJACENT TECHNOLOGIES 74
5.7.2.1 Digital twins 74
5.7.2.2 IoT 75
5.7.2.3 RPA 75
5.7.2.4 Blockchain 75
5.7.2.5 Cybersecurity 76
5.8 PRICING ANALYSIS 76
5.8.1 INDICATIVE PRICING ANALYSIS OF AI IN CHEMICALS, BY COMPONENT 77
TABLE 8 INDICATIVE PRICING LEVELS OF AI IN CHEMICALS, BY COMPONENT 77
5.8.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP THREE BUSINESS APPLICATIONS 77
FIGURE 28 AVERAGE SELLING PRICE TREND OF KEY PLAYER: TOP THREE BUSINESS APPLICATIONS 77
TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP THREE BUSINESS APPLICATIONS 78
5.9 PATENT ANALYSIS 78
5.9.1 METHODOLOGY 78
5.9.2 PATENTS FILED, BY DOCUMENT TYPE 78
TABLE 10 PATENTS FILED, 2014–2024 78
5.9.3 INNOVATION AND PATENT APPLICATIONS 78
FIGURE 29 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2014–2024 79
5.9.3.1 Top 10 applicants in AI in chemicals market 79
FIGURE 30 TOP 10 APPLICANTS IN AI IN CHEMICALS MARKET, 2014–2024 79
FIGURE 31 REGIONAL ANALYSIS OF PATENTS GRANTED FOR AI IN CHEMICALS MARKET, 2014–2024 80
TABLE 11 TOP 20 PATENT OWNERS IN AI IN CHEMICALS MARKET, 2014–2024 80
TABLE 12 LIST OF FEW PATENTS IN AI IN CHEMICALS MARKET, 2023–2024 81
5.10 TRADE ANALYSIS 82
5.10.1 IMPORT SCENARIO OF AUTOMATIC DATA-PROCESSING MACHINES AND UNITS 82
FIGURE 32 AUTOMATIC DATA-PROCESSING MACHINES AND UNITS IMPORT DATA, BY KEY COUNTRY, 2016–2023 (USD MILLION) 84
5.10.2 EXPORT SCENARIO OF AUTOMATIC DATA-PROCESSING MACHINES AND UNITS 84
FIGURE 33 AUTOMATIC DATA-PROCESSING MACHINES AND UNITS EXPORT DATA, BY KEY COUNTRY, 2016–2023 (USD MILLION) 85
5.11 TARIFF AND REGULATORY LANDSCAPE 86
5.11.1 TARIFF RELATED TO AI IN CHEMICALS 86
TABLE 13 TARIFF RELATED TO AI IN CHEMICALS 86
5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 17 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 18 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
5.11.2.1 North America 90
5.11.2.1.1 US 90
5.11.2.1.2 Canada 90
5.11.2.2 Europe 91
5.11.2.3 Asia Pacific 91
5.11.2.3.1 South Korea 91
5.11.2.3.2 China 91
5.11.2.3.3 India 91
5.11.2.4 Middle East & Africa 92
5.11.2.4.1 UAE 92
5.11.2.4.2 KSA 92
5.11.2.4.3 Bahrain 92
5.11.2.5 Latin America 92
5.11.2.5.1 Brazil 92
5.11.2.5.2 Mexico 93
5.12 INVESTMENT AND FUNDING SCENARIO 93
FIGURE 34 AI IN CHEMICALS MARKET: INVESTMENT LANDSCAPE, 2019–2024 93
5.13 PORTER’S FIVE FORCES’ ANALYSIS 94
FIGURE 35 PORTER’S FIVE FORCES’ ANALYSIS: AI IN CHEMICALS MARKET 94
TABLE 19 PORTER’S FIVE FORCES’ IMPACT ON AI IN CHEMICALS MARKET 95
5.13.1 THREAT OF NEW ENTRANTS 95
5.13.2 THREAT OF SUBSTITUTES 95
5.13.3 BARGAINING POWER OF SUPPLIERS 95
5.13.4 BARGAINING POWER OF BUYERS 96
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 96
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 96
FIGURE 36 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 96
5.15 KEY CONFERENCES & EVENTS IN 2024–2025 97
TABLE 20 AI IN CHEMICALS MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 97
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 99
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 99
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 99
TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 99
5.16.2 BUYING CRITERIA 100
FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE END USERS 100
TABLE 22 KEY BUYING CRITERIA FOR TOP THREE END USERS 100
5.17 TECHNOLOGY ROADMAP 100
5.17.1 SHORT-TERM ROADMAP (1-3 YEARS) 100
5.17.2 LONG-TERM ROADMAP (3-10 YEARS) 101
6 AI IN CHEMICALS MARKET, BY COMPONENT 102
6.1 INTRODUCTION 103
6.1.1 COMPONENTS: AI IN CHEMICALS MARKET DRIVERS 103
FIGURE 39 SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 103
TABLE 23 AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 104
TABLE 24 AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 104
6.2 HARDWARE 104
6.2.1 HARDWARE TO ENHANCE PRODUCTIVITY, PREDICTIVE MAINTENANCE, AND INNOVATION IN PRODUCT DEVELOPMENT 104
TABLE 25 AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 104
TABLE 26 AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 105
TABLE 27 HARDWARE: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 105
TABLE 28 HARDWARE: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 105
6.2.2 ACCELERATORS 106
TABLE 29 ACCELERATORS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 106
TABLE 30 ACCELERATORS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 106
6.2.3 PROCESSORS 107
TABLE 31 PROCESSORS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 107
TABLE 32 PROCESSORS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 107
6.2.4 MEMORY 108
TABLE 33 MEMORY: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 108
TABLE 34 MEMORY: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 108
6.2.5 NETWORK 109
TABLE 35 NETWORK: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 109
TABLE 36 NETWORK: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 109
6.3 SOFTWARE 110
6.3.1 SOFTWARE TO HELP IN REAL-TIME DATA VISUALIZATION, STRATEGIC DECISION-MAKING, AND OPTIMIZING CHEMICAL PROCESSES 110
TABLE 37 SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 110
TABLE 38 SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 110
6.3.2 BY SOFTWARE TYPE 111
FIGURE 40 CHEMICAL MODELING SOFTWARE SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 111
TABLE 39 AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 111
TABLE 40 AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 112
6.3.2.1 Dashboard & analytics tools 112
TABLE 41 DASHBOARD & ANALYTICS TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 112
TABLE 42 DASHBOARD & ANALYTICS TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 113
6.3.2.2 Process simulation software 113
TABLE 43 PROCESS SIMULATION SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 113
TABLE 44 PROCESS SIMULATION SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 114
6.3.2.3 Chemical modeling software 114
TABLE 45 CHEMICAL MODELING SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 114
TABLE 46 CHEMICAL MODELING SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 115
6.3.2.4 Laboratory management software 115
TABLE 47 LABORATORY MANAGEMENT SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 115
TABLE 48 LABORATORY MANAGEMENT SOFTWARE: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 116
6.3.2.5 Virtual screening tools 116
TABLE 49 VIRTUAL SCREENING TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 116
TABLE 50 VIRTUAL SCREENING TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 117
6.3.2.6 Chemical property prediction tools 117
TABLE 51 CHEMICAL PROPERTY PREDICTION TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 117
TABLE 52 CHEMICAL PROPERTY PREDICTION TOOLS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 118
6.3.3 BY TECHNOLOGY 118
FIGURE 41 GENERATIVE AI TECHNOLOGY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 53 AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 119
TABLE 54 AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 119
6.3.3.1 ML 119
TABLE 55 MACHINE LEARNING: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 120
TABLE 56 MACHINE LEARNING: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 120
6.3.3.2 Deep learning 120
TABLE 57 DEEP LEARNING: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 121
TABLE 58 DEEP LEARNING: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 121
6.3.3.3 Generative AI 121
TABLE 59 GENERATIVE AI: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 122
TABLE 60 GENERATIVE AI: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 122
6.3.3.4 NLP 122
TABLE 61 NATURAL LANGUAGE PROCESSING: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 123
TABLE 62 NATURAL LANGUAGE PROCESSING: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 123
6.3.3.5 Computer vision 123
TABLE 63 COMPUTER VISION: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 124
TABLE 64 COMPUTER VISION: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 124
6.3.3.6 Advanced analytics 124
TABLE 65 ADVANCED ANALYTICS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 125
TABLE 66 ADVANCED ANALYTICS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 125
6.3.4 BY DEPLOYMENT MODE 125
FIGURE 42 CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 126
TABLE 67 AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 126
TABLE 68 AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 126
6.3.4.1 Cloud 127
TABLE 69 CLOUD: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 127
TABLE 70 CLOUD: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 127
6.3.4.2 On-premises 127
TABLE 71 ON-PREMISES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 128
TABLE 72 ON-PREMISES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 128
6.4 SERVICES 128
6.4.1 SERVICES TO ACCELERATE AI ADOPTION, DRIVE INNOVATION, AND MAXIMIZE BENEFITS OF AI TECHNOLOGIES IN CHEMICALS INDUSTRY 128
FIGURE 43 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 129
TABLE 73 AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 129
TABLE 74 AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 129
TABLE 75 SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 129
TABLE 76 SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 130
6.4.2 PROFESSIONAL SERVICES 130
FIGURE 44 SUPPORT & MAINTENANCE SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 130
TABLE 77 AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 131
TABLE 78 AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 131
TABLE 79 PROFESSIONAL SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 131
TABLE 80 PROFESSIONAL SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 132
6.4.2.1 Consulting services 132
TABLE 81 CONSULTING SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 132
TABLE 82 CONSULTING SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 133
6.4.2.2 Deployment & integration services 133
TABLE 83 DEPLOYMENT & INTEGRATION SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 133
TABLE 84 DEPLOYMENT & INTEGRATION SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 134
6.4.2.3 Support & maintenance services 134
TABLE 85 SUPPORT & MAINTENANCE SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 134
TABLE 86 SUPPORT & MAINTENANCE SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 135
6.4.3 MANAGED SERVICES 135
TABLE 87 MANAGED SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 135
TABLE 88 MANAGED SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 136
7 AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION 137
7.1 INTRODUCTION 138
7.1.1 BUSINESS APPLICATIONS: AI IN CHEMICALS MARKET DRIVERS 138
FIGURE 45 RESEARCH & DEVELOPMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 138
TABLE 89 AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 139
TABLE 90 AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 139
7.2 RESEARCH & DEVELOPMENT 139
7.2.1 GROWING NEED FOR EFFICIENT AND SUSTAINABLE PROCESSES IN RESEARCH & DEVELOPMENT TO FUEL DEMAND FOR AI 139
TABLE 91 RESEARCH & DEVELOPMENT: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 140
TABLE 92 RESEARCH & DEVELOPMENT: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 140
7.2.2 MATERIAL SCIENCE 140
7.2.3 CHEMICAL SYNTHESIS 141
7.2.4 NEW MATERIAL DISCOVERY 141
7.2.5 TAILORING PROPERTIES 141
7.2.6 CHEMICAL REGISTRATION & REGULATORY DATA ANALYSIS 142
7.3 PRODUCTION 142
7.3.1 NEED FOR EFFICIENCY, PROMOTION OF INNOVATION, AND STREAMLINING PRODUCTION PROCESSES TO FOSTER MARKET GROWTH 142
TABLE 93 PRODUCTION: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 143
TABLE 94 PRODUCTION: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 143
7.3.2 QUALITY ASSURANCE 143
7.3.3 PRODUCTION PLANNING 144
7.3.4 PROCESS OPTIMIZATION & CONTROL 144
7.3.5 PRODUCT PORTFOLIO OPTIMIZATION 144
7.3.6 FEEDSTOCK OPTIMIZATION 145
7.3.7 ASSET MANAGEMENT 145
7.3.8 DEFECT DETECTION 145
7.3.9 CHEMICAL FORMULATION 146
7.3.10 OTHER PRODUCTION SUB-APPLICATIONS 146
7.4 SUPPLY CHAIN MANAGEMENT 146
7.4.1 RISING NEED FOR COMPANIES TO IMPROVE DECISION-MAKING TO PROPEL MARKET 146
TABLE 95 SUPPLY CHAIN MANAGEMENT: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 147
TABLE 96 SUPPLY CHAIN MANAGEMENT: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 147
7.4.2 PRODUCT SOURCING 147
7.4.3 INVENTORY OPTIMIZATION 148
7.4.4 DEMAND FORECASTING 148
7.4.5 ORDER MANAGEMENT 148
7.4.6 MATERIAL SOURCING & PROCUREMENT 149
7.4.7 SUPPLIER RELATIONSHIP MANAGEMENT 149
7.4.8 OTHER SUPPLY CHAIN MANAGEMENT SUB-APPLICATIONS 149
7.5 STRATEGY MANAGEMENT 150
7.5.1 INTEGRATING AI TO REVOLUTIONIZE STRATEGY MANAGEMENT BY EMPOWERING INNOVATION AND COMPETITIVENESS 150
TABLE 97 STRATEGY MANAGEMENT: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 150
TABLE 98 STRATEGY MANAGEMENT: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 150
7.5.2 MARKET FORECAST & ANALYTICS 151
7.5.3 CUSTOMER INSIGHTS & FEEDBACK 151
7.5.4 COMPETITIVE INTELLIGENCE 151
7.5.5 SCENARIO PLANNING & SIMULATION 152
7.5.6 CUSTOMER BEHAVIOR ANALYSIS 152
7.5.7 PRICING OPTIMIZATION 152
8 AI IN CHEMICALS MARKET, BY END USER 154
8.1 INTRODUCTION 155
8.1.1 END USERS: AI IN CHEMICALS MARKET DRIVERS 155
FIGURE 46 ACTIVE INGREDIENTS SEGMENT TO GROW AT LARGEST MARKET DURING FORECAST PERIOD 155
TABLE 99 AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 156
TABLE 100 AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 156
8.2 BASIC CHEMICALS 157
8.2.1 AI TO IDENTIFY EQUIPMENT FAILURES, MINIMIZE DOWNTIME, AND OPTIMIZE PRODUCTION OUTPUT 157
TABLE 101 BASIC CHEMICALS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 157
TABLE 102 BASIC CHEMICALS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 157
8.2.2 PETROCHEMICALS & LUBRICANTS 158
8.2.3 COMMODITY CHEMICALS 158
8.2.4 INORGANIC CHEMICALS & GASES 159
8.3 ADVANCED MATERIALS 159
8.3.1 AI TO REFINE RAW MATERIAL SELECTION, ENHANCE PRODUCT DESIGN AND DEVELOPMENT, AND OPTIMIZE INVENTORY AND SUPPLY CHAIN MANAGEMENT 159
TABLE 103 ADVANCED MATERIALS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 160
TABLE 104 ADVANCED MATERIALS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 160
8.3.2 COMPOSITES 160
8.3.3 NANOMATERIALS 161
8.3.4 SPECIALTY POLYMERS 161
8.3.5 OTHER ADVANCED MATERIALS 161
8.4 ACTIVE INGREDIENTS 162
8.4.1 AI TO DEVELOP, OPTIMIZE, AND ENHANCE EFFICACY AND SAFETY OF ACTIVE INGREDIENTS 162
TABLE 105 ACTIVE INGREDIENTS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 162
TABLE 106 ACTIVE INGREDIENTS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 162
8.4.2 AGROCHEMICALS 163
8.4.3 FLAVOR & FRAGRANCE CHEMICALS 163
8.4.4 PERSONAL CARE & CLEANING PRODUCTS 164
8.4.5 OTHER ACTIVE INGREDIENTS 164
8.5 GREEN & BIOCHEMICALS 164
8.5.1 NEED TO REDUCE GLOBAL WARMING AND CARBON EMISSIONS TO FUEL DEMAND FOR AI SOLUTIONS IN GREEN AND BIOCHEMICALS SECTOR 164
TABLE 107 GREEN & BIOCHEMICALS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 165
TABLE 108 GREEN & BIOCHEMICALS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 165
8.5.2 BIOFUELS 166
8.5.3 BIOPLASTICS 166
8.5.4 BIO-BASED CHEMICALS 166
8.5.5 OTHER GREEN & BIOCHEMICAL PRODUCTS 167
8.6 PAINTS & COATINGS 167
8.6.1 PAINTS & COATINGS SECTOR TO GAIN COMPETITIVE ADVANTAGES, STREAMLINE OPERATIONS, AND IMPROVE PRODUCT QUALITY WITH AI 167
TABLE 109 PAINTS & COATINGS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 168
TABLE 110 PAINTS & COATINGS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 168
8.7 ADHESIVES & SEALANTS 169
8.7.1 RISING ADOPTION OF AI TECHNOLOGY TO ENHANCE FORMULATION TO PRODUCTION PROCESSES TO DRIVE MARKET 169
TABLE 111 ADHESIVES & SEALANTS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 169
TABLE 112 ADHESIVES & SEALANTS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 170
8.8 WATER TREATMENT & SERVICES 170
8.8.1 RISING DEMAND TO OPTIMIZE PROCESSES RELATED TO WATER TREATMENT AND IMPROVE EFFICIENCY AND RESOURCE UTILIZATION TO BOOST MARKET GROWTH 170
TABLE 113 WATER TREATMENT & SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 171
TABLE 114 WATER TREATMENT & SERVICES: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 171
8.9 OTHER END USERS 171
TABLE 115 OTHER END USERS: AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 172
TABLE 116 OTHER END USERS: AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 172
9 AI IN CHEMICALS MARKET, BY REGION 173
9.1 INTRODUCTION 174
FIGURE 47 INDIA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 174
FIGURE 48 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 174
TABLE 117 AI IN CHEMICALS MARKET, BY REGION, 2019–2023 (USD MILLION) 175
TABLE 118 AI IN CHEMICALS MARKET, BY REGION, 2024–2029 (USD MILLION) 175
9.2 NORTH AMERICA 175
9.2.1 NORTH AMERICA: AI IN CHEMICALS MARKET DRIVERS 176
9.2.2 NORTH AMERICA: IMPACT OF RECESSION 176
FIGURE 49 NORTH AMERICA: MARKET SNAPSHOT 177
TABLE 119 NORTH AMERICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 177
TABLE 120 NORTH AMERICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 178
TABLE 121 NORTH AMERICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 178
TABLE 122 NORTH AMERICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 178
TABLE 123 NORTH AMERICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 178
TABLE 124 NORTH AMERICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 179
TABLE 125 NORTH AMERICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 179
TABLE 126 NORTH AMERICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 179
TABLE 127 NORTH AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 180
TABLE 128 NORTH AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 180
TABLE 129 NORTH AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 180
TABLE 130 NORTH AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 181
TABLE 131 NORTH AMERICA: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 181
TABLE 132 NORTH AMERICA: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 181
TABLE 133 NORTH AMERICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 181
TABLE 134 NORTH AMERICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 182
TABLE 135 NORTH AMERICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 182
TABLE 136 NORTH AMERICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 182
TABLE 137 NORTH AMERICA: AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 183
TABLE 138 NORTH AMERICA: AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 183
9.2.3 US 183
9.2.3.1 Dominance of chemical industry, presence of leading companies, and funding from government to drive market 183
TABLE 139 US: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 184
TABLE 140 US: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 184
TABLE 141 US: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 184
TABLE 142 US: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 185
TABLE 143 US: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 185
TABLE 144 US: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 185
TABLE 145 US: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 186
TABLE 146 US: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 186
TABLE 147 US: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 186
TABLE 148 US: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 187
TABLE 149 US: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 187
TABLE 150 US: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 187
9.2.4 CANADA 187
9.2.4.1 Canada’s AI investments to fuel chemical industry with innovation and global competitiveness 187
TABLE 151 CANADA: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 188
TABLE 152 CANADA: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 188
TABLE 153 CANADA: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 188
TABLE 154 CANADA: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 189
TABLE 155 CANADA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 189
TABLE 156 CANADA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 189
TABLE 157 CANADA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 190
TABLE 158 CANADA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 190
TABLE 159 CANADA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 190
TABLE 160 CANADA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 191
TABLE 161 CANADA: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 191
TABLE 162 CANADA: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 191
9.3 EUROPE 191
9.3.1 EUROPE: AI IN CHEMICALS MARKET DRIVERS 192
9.3.2 EUROPE: IMPACT OF RECESSION 192
TABLE 163 EUROPE: AI IN CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 193
TABLE 164 EUROPE: AI IN CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 193
TABLE 165 EUROPE: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 193
TABLE 166 EUROPE: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 194
TABLE 167 EUROPE: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 194
TABLE 168 EUROPE: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 194
TABLE 169 EUROPE: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 195
TABLE 170 EUROPE: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 195
TABLE 171 EUROPE: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 195
TABLE 172 EUROPE: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 196
TABLE 173 EUROPE: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 196
TABLE 174 EUROPE: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 196
TABLE 175 EUROPE: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 196
TABLE 176 EUROPE: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 197
TABLE 177 EUROPE: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 197
TABLE 178 EUROPE: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 197
TABLE 179 EUROPE: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 197
TABLE 180 EUROPE: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 198
TABLE 181 EUROPE: AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 198
TABLE 182 EUROPE: AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 198
9.3.3 UK 199
9.3.3.1 Government investments in AI research and training and demand for advanced chemical products to spur market growth 199
9.3.4 GERMANY 199
9.3.4.1 Robust AI research hubs and strong research-industry collaboration to propel chemical innovation 199
TABLE 183 GERMANY: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 200
TABLE 184 GERMANY: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 200
TABLE 185 GERMANY: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 200
TABLE 186 GERMANY: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 200
TABLE 187 GERMANY: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 201
TABLE 188 GERMANY: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 201
TABLE 189 GERMANY: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 201
TABLE 190 GERMANY: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 202
TABLE 191 GERMANY: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 202
TABLE 192 GERMANY: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 202
TABLE 193 GERMANY: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 202
TABLE 194 GERMANY: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 203
9.3.5 FRANCE 203
9.3.5.1 Focus on infrastructure enhancement and collaborative frameworks, strong government support, and initiatives to foster market growth 203
9.3.6 SPAIN 204
9.3.6.1 Stringent regulatory compliance and industry investment to boost demand for AI expansion 204
9.3.7 ITALY 204
9.3.7.1 Diverse chemical industry and strong R&D culture to accelerate market growth 204
9.3.8 REST OF EUROPE 205
9.4 ASIA PACIFIC 205
9.4.1 ASIA PACIFIC: AI IN CHEMICALS MARKET DRIVERS 205
9.4.2 ASIA PACIFIC: IMPACT OF RECESSION 206
FIGURE 50 ASIA PACIFIC: MARKET SNAPSHOT 207
TABLE 195 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 207
TABLE 196 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 208
TABLE 197 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 208
TABLE 198 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 208
TABLE 199 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 208
TABLE 200 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 209
TABLE 201 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 209
TABLE 202 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 209
TABLE 203 ASIA PACIFIC: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 210
TABLE 204 ASIA PACIFIC: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 210
TABLE 205 ASIA PACIFIC: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 210
TABLE 206 ASIA PACIFIC: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 211
TABLE 207 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 211
TABLE 208 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 211
TABLE 209 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 211
TABLE 210 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 212
TABLE 211 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 212
TABLE 212 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 212
TABLE 213 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 213
TABLE 214 ASIA PACIFIC: AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 213
9.4.3 CHINA 213
9.4.3.1 Strong government support, funding initiatives, and strategic plans prioritizing AI research, development, and innovation to drive market 213
TABLE 215 CHINA: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 214
TABLE 216 CHINA: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 214
TABLE 217 CHINA: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 214
TABLE 218 CHINA: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 215
TABLE 219 CHINA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 215
TABLE 220 CHINA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 215
TABLE 221 CHINA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 216
TABLE 222 CHINA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 216
TABLE 223 CHINA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 216
TABLE 224 CHINA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 217
TABLE 225 CHINA: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 217
TABLE 226 CHINA: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 217
9.4.4 JAPAN 218
9.4.4.1 Strategic partnerships, regulatory advancements, and strong presence of global players to fuel market growth 218
9.4.5 INDIA 218
9.4.5.1 Robust ecosystem, government initiatives regarding AI, and presence of major vendors to propel market 218
9.4.6 SOUTH KOREA 219
9.4.6.1 Focus on maintaining international competitiveness, strategic industry collaborations, and supportive government policies to foster market growth 219
9.4.7 REST OF ASIA PACIFIC 219
9.5 MIDDLE EAST & AFRICA 220
9.5.1 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET DRIVERS 220
9.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION 220
TABLE 227 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 221
TABLE 228 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 221
TABLE 229 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 221
TABLE 230 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 222
TABLE 231 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 222
TABLE 232 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 222
TABLE 233 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 223
TABLE 234 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 223
TABLE 235 MIDDLE EAST & AFRICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 223
TABLE 236 MIDDLE EAST & AFRICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 224
TABLE 237 MIDDLE EAST & AFRICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 224
TABLE 238 MIDDLE EAST & AFRICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 224
TABLE 239 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 224
TABLE 240 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 225
TABLE 241 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 225
TABLE 242 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 225
TABLE 243 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 225
TABLE 244 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 226
TABLE 245 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 226
TABLE 246 MIDDLE EAST & AFRICA: AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 226
9.5.3 UAE 227
9.5.3.1 Favorable government policies, strategic investments, and technological advancements to fuel market growth 227
9.5.4 SAUDI ARABIA 228
9.5.4.1 Strategic focus on AI integration and government’s ambitious initiatives and partnerships in chemicals sector to spur market growth 228
9.5.5 SOUTH AFRICA 228
9.5.5.1 Government’s commitment to fostering innovation and addressing socioeconomic challenges through AI-driven solutions to propel market 228
9.5.6 REST OF MIDDLE EAST & AFRICA 229
9.6 LATIN AMERICA 229
9.6.1 LATIN AMERICA: AI IN CHEMICALS MARKET DRIVERS 230
9.6.2 LATIN AMERICA: IMPACT OF RECESSION 230
TABLE 247 LATIN AMERICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 231
TABLE 248 LATIN AMERICA: AI IN CHEMICALS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 231
TABLE 249 LATIN AMERICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 231
TABLE 250 LATIN AMERICA: AI IN CHEMICALS MARKET, BY COMPONENT, 2024–2029 (USD MILLION) 231
TABLE 251 LATIN AMERICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2019–2023 (USD MILLION) 232
TABLE 252 LATIN AMERICA: AI IN CHEMICALS MARKET, BY HARDWARE, 2024–2029 (USD MILLION) 232
TABLE 253 LATIN AMERICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2019–2023 (USD MILLION) 232
TABLE 254 LATIN AMERICA: AI IN CHEMICALS MARKET, BY SOFTWARE TYPE, 2024–2029 (USD MILLION) 233
TABLE 255 LATIN AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 233
TABLE 256 LATIN AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 233
TABLE 257 LATIN AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2019–2023 (USD MILLION) 234
TABLE 258 LATIN AMERICA: AI IN CHEMICALS SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2029 (USD MILLION) 234
TABLE 259 LATIN AMERICA: AI IN CHEMICALS MARKET, BY SERVICE, 2019–2023 (USD MILLION) 234
TABLE 260 LATIN AMERICA: AI IN CHEMICALS MARKET, BY SERVICE, 2024–2029 (USD MILLION) 234
TABLE 261 LATIN AMERICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2019–2023 (USD MILLION) 235
TABLE 262 LATIN AMERICA: AI IN CHEMICALS MARKET, BY PROFESSIONAL SERVICE, 2024–2029 (USD MILLION) 235
TABLE 263 LATIN AMERICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2019–2023 (USD MILLION) 235
TABLE 264 LATIN AMERICA: AI IN CHEMICALS MARKET, BY BUSINESS APPLICATION, 2024–2029 (USD MILLION) 236
TABLE 265 LATIN AMERICA: AI IN CHEMICALS MARKET, BY END USER, 2019–2023 (USD MILLION) 236
TABLE 266 LATIN AMERICA: AI IN CHEMICALS MARKET, BY END USER, 2024–2029 (USD MILLION) 236
9.6.3 BRAZIL 237
9.6.3.1 Developments in AI-driven technologies, compliance with regulatory bodies, and collaborations to drive market 237
9.6.4 MEXICO 237
9.6.4.1 Investment in AI chip manufacturing to fuel demand for AI in chemical industry innovation 237
9.6.5 ARGENTINA 238
9.6.5.1 Thriving tech ecosystem, government support, and need to drive innovation and enhance competitiveness to boost market growth 238
9.6.6 REST OF LATIN AMERICA 238
10 COMPETITIVE LANDSCAPE 239
10.1 OVERVIEW 239
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 239
TABLE 267 OVERVIEW OF STRATEGIES ADOPTED BY KEY AI IN CHEMICALS VENDORS 239
10.3 REVENUE ANALYSIS 241
FIGURE 51 TOP 5 PLAYERS DOMINATING MARKET FOR LAST 5 YEARS 241
10.4 MARKET SHARE ANALYSIS 242
FIGURE 52 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 242
10.4.1 MARKET RANKING ANALYSIS 243
TABLE 268 AI IN CHEMICALS MARKET: DEGREE OF COMPETITION 243
10.5 BRAND/PRODUCT COMPARISON ANALYSIS 245
FIGURE 53 BRAND/PRODUCT COMPARISON ANALYSIS 245
10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 246
10.6.1 STARS 246
10.6.2 EMERGING LEADERS 246
10.6.3 PERVASIVE PLAYERS 246
10.6.4 PARTICIPANTS 246
FIGURE 54 AI IN CHEMICALS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 247
10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 248
FIGURE 55 AI IN CHEMICALS MARKET: OVERALL COMPANY FOOTPRINT 248
TABLE 269 AI IN CHEMICALS MARKET: REGIONAL FOOTPRINT 248
TABLE 270 AI IN CHEMICALS MARKET: COMPONENT FOOTPRINT 249
TABLE 271 AI IN CHEMICALS MARKET: BUSINESS APPLICATION FOOTPRINT 249
TABLE 272 AI IN CHEMICALS MARKET: END USER FOOTPRINT 250
10.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 251
10.7.1 PROGRESSIVE COMPANIES 251
10.7.2 RESPONSIVE COMPANIES 251
10.7.3 DYNAMIC COMPANIES 251
10.7.4 STARTING BLOCKS 251
FIGURE 56 AI IN CHEMICALS MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 252
10.7.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 253
TABLE 273 AI IN CHEMICALS MARKET: DETAILED LIST OF KEY START-UPS/SMES 253
TABLE 274 AI IN CHEMICALS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 254
10.8 COMPETITIVE SCENARIO AND TRENDS 255
10.8.1 PRODUCT LAUNCHES 255
TABLE 275 AI IN CHEMICALS MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, JANUARY 2021–FEBRUARY 2024 255
10.8.2 DEALS 256
TABLE 276 AI IN CHEMICALS MARKET: DEALS, JANUARY 2021–FEBRUARY 2024 256
10.9 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 259
FIGURE 57 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 259
FIGURE 58 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 259
11 COMPANY PROFILES 260
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
11.1 INTRODUCTION 260
11.2 KEY PLAYERS 260
11.2.1 IBM 260
TABLE 277 IBM: BUSINESS OVERVIEW 260
FIGURE 59 IBM: COMPANY SNAPSHOT 261
TABLE 278 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 279 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 262
TABLE 280 IBM: DEALS 263
11.2.2 MICROSOFT 265
TABLE 281 MICROSOFT: BUSINESS OVERVIEW 265
FIGURE 60 MICROSOFT: COMPANY SNAPSHOT 266
TABLE 282 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
TABLE 283 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 267
TABLE 284 MICROSOFT: DEALS 267
11.2.3 GOOGLE 270
TABLE 285 GOOGLE: BUSINESS OVERVIEW 270
FIGURE 61 GOOGLE: COMPANY SNAPSHOT 271
TABLE 286 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 287 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 272
TABLE 288 GOOGLE: DEALS 272
11.2.4 NVIDIA 276
TABLE 289 NVIDIA: BUSINESS OVERVIEW 276
FIGURE 62 NVIDIA: COMPANY SNAPSHOT 277
TABLE 290 NVIDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 277
TABLE 291 NVIDIA: PRODUCT LAUNCHES AND ENHANCEMENTS 278
TABLE 292 NVIDIA: DEALS 279
11.2.5 SCHNEIDER ELECTRIC 281
TABLE 293 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 281
FIGURE 63 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 282
TABLE 294 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
TABLE 295 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES AND ENHANCEMENTS 283
TABLE 296 SCHNEIDER ELECTRIC: DEALS 283
TABLE 297 SCHNEIDER ELECTRIC: OTHERS 285
11.2.6 AWS 287
TABLE 298 AWS: BUSINESS OVERVIEW 287
FIGURE 64 AWS: COMPANY SNAPSHOT 287
TABLE 299 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 288
TABLE 300 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 288
TABLE 301 AWS: DEALS 288
11.2.7 SAP 290
TABLE 302 SAP: BUSINESS OVERVIEW 290
FIGURE 65 SAP: COMPANY SNAPSHOT 291
TABLE 303 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 291
TABLE 304 SAP: DEALS 292
11.2.8 SIEMENS 293
TABLE 305 SIEMENS: BUSINESS OVERVIEW 293
FIGURE 66 SIEMENS: COMPANY SNAPSHOT 294
TABLE 306 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294
TABLE 307 SIEMENS: PRODUCT LAUNCHES AND ENHANCEMENTS 295
TABLE 308 SIEMENS: DEALS 295
11.2.9 C3 AI 299
TABLE 309 C3 AI: BUSINESS OVERVIEW 299
FIGURE 67 C3 AI: COMPANY SNAPSHOT 300
TABLE 310 C3 AI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 300
TABLE 311 C3 AI: PRODUCT LAUNCHES AND ENHANCEMENTS 301
TABLE 312 C3 AI: DEALS 301
11.2.10 GE VERNOVA 304
TABLE 313 GE VERNOVA: BUSINESS OVERVIEW 304
FIGURE 68 GE VERNOVA: COMPANY SNAPSHOT 305
TABLE 314 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 305
TABLE 315 GE VERNOVA: PRODUCT LAUNCHES AND ENHANCEMENTS 306
TABLE 316 GE VERNOVA: DEALS 307
TABLE 317 GE VERNOVA: EXPANSIONS 310
11.2.11 HEXAGON AB 311
TABLE 318 HEXAGON AB: BUSINESS OVERVIEW 311
FIGURE 69 HEXAGON AB: COMPANY SNAPSHOT 312
TABLE 319 HEXAGON AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 312
TABLE 320 HEXAGON AB: DEALS 313
11.2.12 ENGIE IMPACT 315
TABLE 321 ENGIE IMPACT: BUSINESS OVERVIEW 315
TABLE 322 ENGIE IMPACT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 315
TABLE 323 ENGIE IMPACT: PRODUCT LAUNCHES AND ENHANCEMENTS 315
TABLE 324 ENGIE IMPACT: DEALS 316
11.2.13 TRENDMINER 317
11.2.14 XYLEM 317
11.3 START-UPS/SMES 318
11.3.1 NOBLEAI 318
11.3.2 IKTOS 319
11.3.3 KEBOTIX 320
11.3.4 UPTIME AI 321
11.3.5 CANVASS AI 321
11.3.6 NEXOCODE 322
11.3.7 SANDBOXAQ 323
11.3.8 DEEPMATTER 324
11.3.9 ZAPATA AI 324
11.3.10 CITRINE INFORMATICS 325
11.3.11 CHEMICAL.AI 326
11.3.12 AUGURY 327
11.3.13 INTELLEGENS 328
11.3.14 RIPIK.AI 328
11.3.15 TRACTIAN 329
11.3.16 POLYMERIZE 330
11.3.17 SCIENCEDESK 330
11.3.18 OPTISOL BUSINESS SOLUTIONS 331
11.3.19 NUWATER 332
11.3.20 VROC 333
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS 334
12.1 INTRODUCTION 334
12.2 ARTIFICIAL INTELLIGENCE MARKET 334
12.2.1 MARKET DEFINITION 334
12.2.2 MARKET OVERVIEW 334
TABLE 325 ARTIFICIAL INTELLIGENCE MARKET SIZE AND GROWTH RATE, 2017–2022 (USD MILLION, Y-O-Y GROWTH) 335
TABLE 326 ARTIFICIAL INTELLIGENCE MARKET SIZE AND GROWTH RATE, 2023–2030 (USD MILLION, Y-O-Y GROWTH) 335
12.2.3 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING 335
TABLE 327 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2017–2022 (USD MILLION) 336
TABLE 328 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2023–2030 (USD MILLION) 336
12.2.4 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY 336
TABLE 329 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 336
TABLE 330 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 337
12.2.5 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION 337
TABLE 331 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2017–2022 (USD MILLION) 337
TABLE 332 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION) 338
12.2.6 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL 338
TABLE 333 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 338
TABLE 334 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2023–2030 (USD MILLION) 339
12.2.7 ARTIFICIAL INTELLIGENCE MARKET, BY REGION 339
TABLE 335 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2017–2022 (USD MILLION) 340
TABLE 336 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2023–2030 (USD MILLION) 340
12.3 GENERATIVE AI MARKET 340
12.3.1 MARKET DEFINITION 340
12.3.2 MARKET OVERVIEW 341
TABLE 337 GLOBAL GENERATIVE AI MARKET SIZE AND GROWTH RATE, 2019–2022 (USD MILLION, Y-O-Y ) 341
TABLE 338 GLOBAL GENERATIVE AI MARKET SIZE AND GROWTH RATE, 2023–2030 (USD MILLION, Y-O-Y ) 341
12.3.3 GENERATIVE AI MARKET, BY OFFERING 342
TABLE 339 GENERATIVE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION) 342
TABLE 340 GENERATIVE AI MARKET, BY OFFERING, 2023–2030 (USD MILLION) 342
12.3.4 GENERATIVE AI MARKET, BY APPLICATION 342
12.3.4.1 Generative AI market, application by business function 343
TABLE 341 APPLICATION BY BUSINESS FUNCTION: GENERATIVE AI MARKET, 2019–2022 (USD MILLION) 343
TABLE 342 APPLICATION BY BUSINESS FUNCTION: GENERATIVE AI MARKET, 2023–2030 (USD MILLION) 344
12.3.4.2 Generative AI market, application by data modality 344
TABLE 343 APPLICATION BY DATA MODALITY: GENERATIVE AI MARKET, 2019–2022 (USD MILLION) 345
TABLE 344 APPLICATION BY DATA MODALITY: GENERATIVE AI MARKET, 2023–2030 (USD MILLION) 345
12.3.5 GENERATIVE AI MARKET, BY VERTICAL 346
TABLE 345 GENERATIVE AI MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 346
TABLE 346 GENERATIVE AI MARKET, BY VERTICAL, 2023–2030 (USD MILLION) 347
12.3.6 GENERATIVE AI MARKET, BY REGION 347
TABLE 347 GENERATIVE AI MARKET, BY REGION, 2019–2022 (USD MILLION) 348
TABLE 348 GENERATIVE AI MARKET, BY REGION, 2023–2030 (USD MILLION) 348
13 APPENDIX 349
13.1 DISCUSSION GUIDE 349
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 357
13.3 CUSTOMIZATION OPTIONS 359
13.4 RELATED REPORTS 359
13.5 AUTHOR DETAILS 360
