AI in Chemicals Market Surges to $3.8 Billion by 2029 - Led by IBM (US), Microsoft (US)

Sheetal2316 Jul, 2024Technology

The AI in Chemicals Market is projected to grow from USD 0.7 billion in 2024 to USD 3.8 billion by 2029 at a CAGR of 39.2% during the forecast period, according to a new report by MarketsandMarkets?. The AI in chemicals market is witnessing a surge in AI adoption driven by two key factors: the increasing integration of AI in research and development (R&D) processes and the rising demand for AI-powered solutions to optimize chemical processes. These trends reflect a strategic shift towards leveraging advanced technologies for enhanced innovation and operational efficiency in the chemical industry.

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