The global chemicals digitalization market size was valued at USD 14.83 billion in 2023 and is projected to reach USD 60.13 billion by 2030, growing at a CAGR of 23.1% from 2024 to 2030. This rapid growth is driven by the increasing integration of automation, data analytics, cloud computing, artificial intelligence (AI), and other advanced digital technologies into the chemicals industry on a global scale. Digitalization is emerging as a key enabler for chemical companies, allowing them to strengthen competitiveness, expand production capacity, and enhance customer satisfaction in an increasingly dynamic and competitive business environment.

The growing adoption of digital solutions helps chemical manufacturers streamline their operations and significantly optimize core processes such as production planning, supply chain management, and quality control. By leveraging real-time data, predictive analytics, and digital twins, companies are identifying operational inefficiencies, automating repetitive tasks, and minimizing human error. This not only reduces overall costs but also improves productivity, efficiency, and safety standards.

Beyond efficiency improvements, digitalization fosters collaboration and connectivity within the chemical industry ecosystem. With the use of digital platforms, cloud-based systems, and IoT-enabled solutions, chemical companies are able to seamlessly share data, knowledge, and resources with suppliers, distributors, and customers. This connected approach leads to faster decision-making, more efficient supply chains, and accelerated innovation cycles. It also supports new business models that are increasingly focused on sustainability, circular economy principles, and customer-centric service offerings.

Key Market Trends & Insights:

  • North America dominated the global market with a 36.9% revenue share in 2023, supported by the strong presence of established chemical manufacturers, early adoption of advanced digital technologies, and significant investment in industrial automation.
  • Europe was the second-largest regional market in 2023, driven by strict sustainability regulations, energy efficiency initiatives, and strong digital adoption across its highly developed chemical sector.
  • The manufacturing sector accounted for the largest share of 31.6% in 2023, highlighting the importance of digitalization in improving manufacturing efficiency, ensuring product quality, reducing downtime, and optimizing plant operations.
  • The petrochemicals and polymers segment held the dominant position in terms of product category, with a 36.2% revenue share in 2023, as companies in this segment increasingly rely on digital tools for process monitoring, emissions management, and large-scale production optimization.

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Market Size & Forecast:

  • 2023 Market Size: USD 14.83 Billion
  • 2030 Projected Market Size: USD 60.13 Billion
  • CAGR (2024-2030): 23.1%
  • North America: Largest market in 2023

Key Companies & Market Share Insights:

The competitive landscape of the chemicals digitalization market is rapidly evolving as both traditional and emerging players focus on leveraging digital solutions to tackle sustainability challenges, reduce environmental impact, and improve operational competitiveness. Established industry leaders are investing heavily in AI, machine learning, IoT, and big data technologies to reduce waste, cut energy consumption, and ensure regulatory compliance.

A significant trend shaping the market is the increasing entry of new players from oil & gas-producing countries and high-growth developing markets such as China and India. These companies are accelerating digital adoption to remain competitive with global industry leaders and to support the modernization of their chemical production infrastructure. This has intensified competition and is driving faster innovation and cost-effective digital solutions across the sector.

Some of the leading players in the market include:

  • Siemens AG: Offers advanced process control systems, automation technologies, and real-time monitoring solutions that help chemical manufacturers enhance plant operations, improve efficiency, and maintain consistent product quality.
  • General Electric (GE): Provides advanced analytics platforms, IoT-enabled devices, and automation solutions that enable chemical companies to optimize manufacturing processes, strengthen supply chain management, and enhance product innovation.

These companies, along with other global and regional players, are increasingly forming strategic partnerships, alliances, and collaborations to expand their digital portfolios, strengthen their geographic reach, and deliver tailored solutions to the diverse needs of the chemical industry.

Key Players

  • Siemens AG
  • General Electric
  • ABB Ltd.
  • Rockwell Automation
  • Emerson Electric
  • Honeywell International
  • Yokogawa Electric Corporation
  • Mitsubishi Chemical Group Corporation
  • Solvay

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Conclusion:

The chemicals digitalization market is witnessing rapid growth, fueled by the adoption of automation, data analytics, and advanced digital technologies that enhance efficiency, collaboration, and sustainability across the industry. With North America leading adoption and Asia and Europe emerging as strong growth regions, digitalization is becoming central to competitiveness in the chemical sector. Supported by leading players like Siemens and General Electric, and driven by increasing investments from both established and emerging markets, the industry is set to undergo a fundamental transformation, creating opportunities for improved productivity, reduced costs, and accelerated innovation.