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