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Digital Chemical Industry Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCH21551

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Published on

November 2021

Total pages

227

Table of Content

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About the Report

About the Report

The global digital chemical industry is in the midst of technological changes because of two crucial factor which are related to both within the industry and outside the industry. Firstly, huge potential of digital technology in several areas of chemical industry, ranging from advancement in networks and sensors to utilization of large amount of plant data, and engineering and material technologies. All these factors can increase the business efficiency and productivity. For instance, a chemical giant was able to attain price rise of 3 to 7% compared to 1% increase in prior year by using advance digital tools to change the price of numerous product-customer combination in 7 countries. Secondly, changing trend in end user industries including automotive, construction, agriculture, healthcare and nutrition and manufacturing are disrupting the end-use industries which is also impacting the digital transformation of chemical manufacturers. For instance, technologies like additive manufacturing when fully commercialized in the industries may create demand of new materials but can also result in reduce market of conventional chemicals and materials.
Based on technology, the market is divided into IoT, AR, VR, AI, digital twin, 3D printing, and others. Among these, IoT held the considerable share in the market. This can be mainly attributed to its increasing adoption by chemical manufacturers to automate the process, integrate machines, monitor performance, and predict equipment failure. Further, by integrating new technologies like blockchain and predictive analytics with IoT platform one can track-and-trace capabilities that can lead to fine-tuning of production yields in response to fluctuating demand of end-products and prices of feedstocks.
Based on vertical, the market is categorized into bulk chemical, specialty-chemical, agrochemical, and others. Among these, bulk chemical held the significant share in the market owing to its increasing demand for large demand of several industrial. Further, complex procedure to produce bulk chemical requires advances technology to reduce the process intracity is further propelling the growth of digital technology in bulk chemical sector.
Based on operation, the market is categorized into research & development, manufacturing, procurement, packaging, supply chain, and others. Among these, manufacturing operation held the significant share in the market owing to its large and increasing adoption of new technology in manufacturing process to increase the efficiency and productivity of plants by simultaneously reducing the cost of production. Thus, helping in companies' profitability. Further, technology like IoT helps in monitoring and automate the manufacturing process, thus reducing the labor cost, so reduce the companies' expenditure.
For a better understanding of the market adoption of digital chemical industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America held the significant share in the market owing to early adoption of advance technology and presence of large number of technology players in the market.
Some of the major players operating in the market include ABB Ltd., Analog Devices Inc., Atos SE, Autonics Corporation, Cisco Systems Inc., Emerson Electric Co., Fanuc Corporation, Flowserve Corporation, Fortive Corporation, and General Electric.

Products


Companies

ABB Ltd., Analog Devices Inc., Atos SE, Autonics Corporation, Cisco Systems Inc., Emerson Electric Co., Fanuc Corporation, Flowserve Corporation, Fortive Corporation, and General Electric

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Digital Chemical Industry Market

2.2. Research Methodology of the Digital Chemical Industry Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Digital Chemical Industry Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL DIGITAL CHEMICAL INDUSTRY MARKET COVID-19 IMPACT

6 GLOBAL DIGITAL CHEMICAL INDUSTRY MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TECHNOLOGY

7.1. Internet of Things (IoT)

7.2. Augmented Reality (AR)

7.3. Virtual Reality (VR)

7.4. Artificial Intelligence (AI)

7.5. Digital Twin

7.6. 3D Printing

7.7. Others

8 MARKET INSIGHTS BY VERTICAL

8.1. Bulk Chemical

8.2. Specialty Chemical

8.3. Agrochemical

8.4. Others

9 MARKET INSIGHTS BY OPERATION

9.1. Research & Development

9.2. Manufacturing

9.3. Procurement

9.4. Packaging

9.5. Supply Chain

9.6. Others

10 MARKET INSIGHTS BY REGION

10.1. North America Digital Chemical Industry Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Digital Chemical Industry Market

10.2.1. Germany

10.2.2. France

10.2.3. United Kingdom

10.2.4. Spain

10.2.5. Rest of Europe

10.3. Asia Pacific Digital Chemical Industry Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia Pacific

10.4. Rest of World Digital Chemical Industry Market

11 DIGITAL CHEMICAL INDUSTRY MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 DIGITAL CHEMICAL INDUSTRY MARKET OPPORTUNITIES

13 DIGITAL CHEMICAL INDUSTRY MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Porters Five Force Analysis

18 COMPANY PROFILED

18.1. ABB Ltd.

18.2. Analog Devices Inc.

18.3. Atos SE

18.4. Autonics Corporation

18.5. Cisco Systems Inc.

18.6. Emerson Electric Co.

18.7. Fanuc Corporation

18.8. Flowserve Corporation

18.9. Fortive Corporation

18.10. General Electric

19 DISCLAIMER

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