Viktor MALYSHEV1, Yurii LIPSKYI2, Angelina GAB1, Dmytro SHAKHNIN1
1PrHEI «International European University», 42B Akad. Hlushkov Ave., 03187 Kyiv, Ukraine еmail: viktor.malyshev.igic@gmail.com 2National Academy of Statistics, Accounting and Audit 1 Pidhirna Str., 04107 Kyiv, Ukraine e-mail: lipskyy@mineralis.com.ua
DOI:
GLOBAL MARKET FOR ARTIFICIAL INTELLIGENCE IN THE CHEMICAL INDUSTRY
The object of the study is a general characteristic of the global market for artificial intelligence in the chemical industry. It is shown that enterprises and institutions of the chemical industry are increasingly using artificial intelligence for business and scientific research. Artificial intelligence is finding more and more ways to apply it in the chemical industry through the use of predictive analytics to predict possible dangers and proactively reduce them and create a realistic virtual reality experience that simulates dangerous situations. The areas of implementation of artificial intelligence in this area are research and development, production, forecasting and planning, risk management. An analysis of scientific publications on the market for artificial intelligence in the chemical industry indicates its significant integration into chemical production processes. The market is forecast to grow at an average annual compound growth rate of 32 % in the period from 2025 to 2034. The method of searching for literary data and the method of analysis were used to conduct marketing analysis. The global market for artificial intelligence in the chemical industry was valued at USD 1.78 billion in 2024 and is estimated to be USD 2.29 billion in 2025. It is projected to reach approximately USD 28 billion by 2034, growing at a CAGR of 32 % during the period from 2025 to 2034. Key findings regarding the market status in 2024: North America dominated the market with a revenue share of 39.4 %; by end-use, the services segment held the largest market share of 40.2 %; by application, the basic chemicals and petrochemicals segment held the largest market share of 57.5 %; by application, the other segment held the largest market share of 30.2 %. The volumes and dynamics of the global markets for chemical products (agrochemicals, chemical products, catalysts, specialty chemicals), equipment (sensors, instrument making), and the Internet of Things were assessed.
Keywords: artificial intelligence, chemical industry, global market, segment analysis, trends.
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How to Cite
MALYSHEV V., LIPSKYI Yu., GAB A., SHAKHNIN D. GLOBAL MARKET FOR ARTIFICIAL INTELLIGENCE IN THE CHEMICAL INDUSTRY Proc. Shevchenko Sci. Soc. Chem. Sci. 2025. Vol. 78. P. 7-32.