IoT in Chemical Industry Market by Process (Manufacturing, Packaging and Research & Development (R&D)), Chemical Industry Vertical (Petrochemicals & Polymers, Fertilizers & Agrochemicals and Specialty Chemicals) - Global Analysis & Forecast 2019-2030

Report ID : 138  |  Published Date : Jan 2020  |  Pages : 200  |  Region : Global  |  Report Code : CM-11





IoT in Chemical Industry Market Overview and Introduction

Chemical industry differs from the other industries in terms of complexity & unpredictability in manufacturing processes, high risk involvement and comprises expensive and aging equipment. The adoption of IoT solutions in chemical industry is majorly for capturing key operational data in digital form for providing immediate real-time operation visibility. With the help of IoT & other advanced technologies like cloud computing & artificial intelligence (AI), even the historic trend values can be maintained and analyzed. Moreover, the implementation of IoT in the chemical industry will also help in accelerating & improving the efficiency of the overall production by automating task management. Furthermore, the chemical industry is associated with the production & handling of toxic products hence ensuring personnel safety which is an essential concern. The adoption of IoT devices can help in detecting the risk at an operational level.

The global IoT in chemical industry market is majorly driven by the adoption of IoT in chemical manufacturing for process optimization which is achieved by monitoring several parameters that affect the quality of products. Moreover, increasing concerns with the risks involved in the chemical industry is propelling the growth of IoT implementation which will ensure a secure working environment. However, managing organizational change and high capital investment is likely to restrain the market to a certain extent.

IoT in Chemical Industry Market By Process & By Chemical Industry Vertical

The global IoT in chemical industry market is segmented by process, chemical industry vertical and region. On the basis of process, the IoT in chemical industry market is segmented into manufacturing, packaging, research & development (R&D) and others. The manufacturing segment is estimated to account for the largest share in the global IoT in chemical industry market. The large share of manufacturing segment can be attributed to large scale adoption of IoT in manufacturing process in chemical industries where it is required for constant monitoring of several critical factors such as operating conditions, product quality and equipment integrity. On the basis of chemical industry vertical, the market can be segmented into petrochemicals & polymers, fertilizers & agrochemicals and specialty chemicals. In terms of market share, the petrochemicals & polymers chemical industry vertical segment is estimated to hold the largest market share, owing to the increasing production & refining in petrochemical industries which are advancing steadily to achieve automation.

IoT in Chemical Industry Market By Region

Based on Region, the global IoT in chemical industry market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific dominated the IoT in chemical industry market, followed by North America and Europe. Asia Pacific will continue to dominate the global IoT in chemical industry market in the forecast period owing to factors such increasing urbanization and industrialization in China, India and Japan for increasing chemical production. Asia Pacific is also expected to witness the highest CAGR, with the growth in this market centered in China, Korea, Japan and India. Factors such as rise in chemical industries is likely to propel the growth of the market in this region.

Chemical Industry Vertical prominent players

The prominent players in the global IoT in chemical industry market are Siemens, GENERAL ELECTRIC, ABB, Emerson Electric Co., Honeywell International Inc, Schneider Electric, Yokogawa Electric Corporation, Rockwell Automation, Inc., FANUC America Corporation, Cisco Systems, Inc. among others.

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Classification
    3. Geographic Scope
    4. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
    5. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1.  Secondary Sources
      2. Primary Sources
    4. Market Estimation Methodology
      1.  Bottom Up Approach
      2.  Top Down Approach
    5. Data Validation and Triangulation
      1.  Market Forecasting Model
      2.  Limitations/Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Technological Advancements
  6. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET - ANALYSIS & FORECAST, BY PROCESS
    1. Manufacturing
    2. Packaging
    3. Research & Development (R&D)
    4. Others
  7. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET - ANALYSIS & FORECAST, BY  CHEMICAL INDUSTRY VERTICAL
    1. Petrochemicals & Polymers
    2. Fertilizers & Agrochemicals
    3. Specialty Chemicals
    4. Others
  8. GLOBAL IOT IN CHEMICAL INDUSTRY MARKET - ANALYSIS & FORECAST, BY REGION
    1.   North America IoT in Chemical Industry Market
      1.  North America IoT in Chemical Industry  Market, By Country
        1.  US
        2.  Canada
      2. North America IoT in Chemical Industry Market Analysis & Forecast, By Process
      3. North America IoT in Chemical Industry Market Analysis & Forecast, By Chemical Industry Vertical
    2. Europe IoT in Chemical Industry Market
      1. Europe IoT in Chemical Industry  Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe IoT in Chemical Industry Market Analysis & Forecast, By Process
      3. Europe IoT in Chemical Industry Market Analysis & Forecast, By Chemical Industry Vertical
    3. Asia Pacific IoT in Chemical Industry Market
      1. Asia Pacific IoT in Chemical Industry Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific IoT in Chemical Industry Market Analysis & Forecast, By Process
      3. Asia Pacific IoT in Chemical Industry Market Analysis & Forecast, By Chemical Industry Vertical
    4.   Rest of the World (ROW) IoT in Chemical Industry Market
      1. Rest of the World IoT in Chemical Industry  Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World IoT in Chemical Industry Market Analysis & Forecast, By Process
      3. Rest of the World IoT in Chemical Industry Market Analysis & Forecast, By Chemical Industry Vertical
  9. COMPETETIVE LANDSCAPE
    1. Key Players & Their Competitive Positioning (2018)
    2. Key Strategies Assessment
      1. New Product Launches
      2. Merger & Acquisitions
      3. Agreements, Collaborations, & Partnerships
      4. Expansions
      5. Other Strategies
  10. COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, Recent Developments)*
    1.   Siemens 
    2.   GENERAL ELECTRIC
    3.   ABB
    4.   Emerson Electric Co.
    5.   Honeywell International Inc
    6.   Schneider Electric
    7.   Yokogawa Electric Corporation
    8.   Rockwell Automation, Inc.
    9.   FANUC America Corporation
    10. Cisco Systems, Inc.

*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain