Internet of Things (IoT) in the chemical Market Trends 2025-2034: Growth, Strategic Insights, and Opportunities Ahead
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Internet of Things (IoT) in the chemical Market?
The growth of the Internet of Things (IoT) in the chemical industry is anticipated to be fueled by the burgeoning demand for this sector. The chemical industry, which encompasses the creation, manufacturing, and delivery of chemical goods, stands to greatly enhance its operational efficiency, safety, sustainability, and decision-making processes through the implementation of IoT. For example, a report presented by BASF SE, a German chemical corporation, in February 2023 stated that global chemical production (excluding pharmaceuticals) is projected to rise by 2.0% in 2023. Meanwhile, in China, which holds the distinction of being the world’s largest chemical market, chemical production is estimated to witness a growth of 5.9%. Thus, the escalating demand for the chemical industry is contributing to the expansion of the Internet of Things (IoT) within the chemical market.
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How Will the Growth Rate of theInternet of Things (IoT) in the chemical Market Impact Industry Trends by 2034?
The size of the chemical market related to the internet of things (IoT) has seen a quick expansion in the past few years. It is predicted to increase from $74.54 billion in 2024 to $84.77 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.7%. The substantial growth during the historic period is credited to improvements in process optimization and automation, regulatory compliance, visibility of the supply chain, asset administration and predictive maintenance, and energy efficiency.
Over the coming years, the size of the Internet of Things (IoT) in the chemical market is projected to expand rapidly, reaching $146.84 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 14.7%. Factors contributing to this growth during the predicted timeframe include the incorporation of artificial intelligence (AI), real-time processing through edge computing, blockchain for supply chain clarity, cooperative ecosystems, as well as smart packaging and logistics. Predicted trends for this period encompass advancements in sensor technologies, the application of digital twins, the usage of 5G for low latency, a focus on cybersecurity and data privacy, and the use of augmented reality for maintenance tasks.
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What Are the Most Significant Market Trends Transforming theInternet of Things (IoT) in the chemical Market?
Rapid advancements in technology are becoming a defining trend in the chemical market’s adoption of the Internet of Things (IoT). To maintain their standing in the market, businesses operating within the IoT domain for the chemical industry are integrating new technological solutions. For example, State Industrial Products, a chemical manufacturing and distribution company based in the U.S., introduced a new IoT platform technology called StaWatch in January 2022. This novel IoT solution caters to the needs of the commercial and industrial sectors. Leveraging IoT technology, StaWatch allows State to monitor and control its cooling tower system remotely for customers on a 24/7 basis.
What Are the Top Market Players Propelling the Growth of theInternet of Things (IoT) in the chemical Industry?
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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Which Primary Segments of the Internet of Things (IoT) in the chemical Market Are Driving Growth and Industry Transformations?
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 #What Major Innovations Are Driving the Accelerated Growth of the Internet of Things (IoT) in the chemical Market?# 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.
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