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The AI in chemicals market is expected to grow from USD 0.7  billion in 2024 to USD 3.8 billion in 2029, at a CAGR of 39.2%  during the forecast period. The AI in chemicals market is experiencing a significant shift with the growing integration of AI in R&D, driven by the need for innovation and efficiency. There is a rising demand for AI-enhanced chemical process optimization, fueled by the industry's quest for cost-effectiveness and sustainability.

Leading AI in Chemicals Companies include

• Microsoft (US),
• Schneider Electric (France),
• NVIDIA Corporation (US),
• Hexagon (Sweden),
• SAP (Germany), and many more....

These companies employ various approaches, both organic and inorganic, including introducing new products, forming strategic partnerships and collaborations, and engaging in mergers and acquisitions, to expand their presence and offerings within the AI in chemicals market.

To know about the assumptions considered for the study download the pdf brochure

Microsoft

Microsoft develops software, services, devices, and solutions to compete in the era of intelligent cloud and edge computing. With ongoing investments in cloud technologies, Microsoft empowers its customers to digitalize their business processes. The company provides a range of cloud-based solutions encompassing software, platforms, and content, along with solution support and consulting services. Its product portfolio includes Operating Systems (OS), productivity applications for various devices, server applications, business solutions, desktop and server management tools, software development tools, and entertainment software like video games. Microsoft's platforms and tools are designed to enhance the productivity of small businesses, bolster the competitiveness of large enterprises, and improve the operational efficiency of the public sector.

Schneider Electric

Schneider Electric is a global provider of energy management and automation solutions. It is a pioneer in manufacturing industrial engineering equipment that specializes in electricity distribution and automation management. It operates through four business segments, namely: building, infrastructure, industry, and IT. The company’s smart grid portfolio consists of products and solutions that are reliable, energy-efficient, and sustainable. Its smart grid solutions combine electricity channels with IT infrastructure to build network structures for efficient demand and supply managementefficient demand and supply management network structures. The company’s energy management products focus on analytics solutions and making energy safe, reliable, productive, efficient, and green. Its Grid Modernization and Power Structure provide solutions that connect grids with Distributed Energy Resources (DERs) to increase infrastructure reliability. The company focuses on R&D and inorganic growth strategies to cater to the evolving enterprise needs. Its low-voltage electric distribution panel, developed using the cutting-edge IoT platform, collects large volumes of data and stores it in the cloud to optimize business performance. Moreover, the company caters to a broad customer base present across 100 countries in North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. It operates through 200 plants and 90 distribution centers across the globe.

NVIDIA Corporation

NVIDIA Corporation is a leading American multinational technology company specializing in Graphics Processing Units (GPUs) and semiconductor design for gaming, professional visualization, data centers, and automotive markets. Established in 1993, NVIDIA has been a leading player in the global technology industry, is a leading player in the global technology industry, and is renowned for its innovative hardware solutions and software platforms. With its headquarters in Santa Clara, California, NVIDIA has a global presence with offices in over 50 locations worldwide, including major regional hubs in the United States, Europe, and Asia-Pacific. The company's regional presence enables it to serve a diverse customer base and collaborate with industry partners across various sectors. NVIDIA 's products and technologies are integral to numerous industries, including gaming, automotive, and healthcare, and more. The company's GPUs are widely used for accelerating deep learning algorithms, powering autonomous vehicles, and enhancing to accelerate deep learning algorithms, power autonomous vehicles, and enhance visual computing experiences. Additionally, NVIDIA's data center solutions also cater to the increasing demand for high-performance computing and AI-driven applications, making it a key player in the rapidly evolving technology landscape.

Hexagon

Hexagon specializes in providing AI-driven solutions tailored for the chemical industry. Leveraging advanced analytics and machine learning algorithms, their platform enables chemical companies to optimize processes, improve product quality, and enhance operational efficiency. Hexagon's AI solutions offer predictive capabilities, enabling companies to anticipate market trends, forecast demand, and optimize production schedules. With a focus on driving innovation and digital transformation, Hexagon helps chemical companies unlock the full potential of AI to stay competitive in the evolving market landscape.

SAP

SAP offers AI-driven solutions specifically tailored for the chemical industry, providing advanced analytics and machine learning capabilities. Their platforms enable chemical companies to optimize production processes, improve supply chain efficiency, and enhance product quality. With a focus on digital transformation, SAP's AI solutions empower chemical businesses to make data-driven decisions, innovate, and stay competitive in the rapidly evolving market landscape.

Related Reports:

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