Executive Summary

Chemicals Industry-Key Findings

Chemicals 4.0-Transition toward Digital Chemical Plants

Industrial Internet of Things (IIoT)-A Frost & Sullivan Perspective

IIoT-Emerging Themes in the Industrial Environment

IIoT-Key Attributes of a Smart Factory

Frost & Sullivan-s Value Proposition in IIoT

Research Scope, Objectives, Background and Methodology

Research Scope and Objective

Market Definitions

Research Aims and Objectives

Key Questions this Study will Answer

Chemicals 4.0-Economic Perspective

Chemicals Industry-Global Perspective

Table Chemicals Industry: Revenue Forecast, Global, 2005-2020

Chemicals Industry-Roadblocks to Sustainable Growth

Chemicals Industry-Key Opportunities and Trends

Chemicals Industry-Capital Spending

Table Chemicals Industry-Capital Spend, Global, 2010-2020

Global Overview-Government Policies and Regulations

Chemical Regulatory Bodies-Key Organizations

Chemicals 4.0-Regional Perspective

Regional Perspective-North America

Table Chemicals Industry: Revenue Forecast,North America, 2001, 2016 and 2031

Regional Perspective-Europe

Table Chemicals Industry: Revenue Forecast, Europe, 2001, 2016 and 2031

Regional Perspective-Asia-Pacific

Table Chemicals Industry: Revenue Forecast, Asia-Pacific, 2001, 2016 and 2031

Regional Perspective-Rest of the World

Table Chemicals Industry: Revenue Forecast, Rest of the World, 2001, 2016 and 2031

Chemicals 4.0-Demand-based Product Portfolios

Chemicals-Global Segment Performance

Product Mix-Focus on Specialty Chemicals

Chemicals Industry-Basic and Specialty Chemicals

Chemicals 4.0-Evolution of Smart Chemical Manufacturing

Chemicals 4.0-IIoT Resolving Industry Challenges

Chemicals 4.0-Obstacles Faced in the Value Chain

Chemicals 4.0-Digital Connectivity and its Benefits

Chemicals 4.0-Investment toward IIoT Technologies

Table Chemicals Industry: Capital Spend toward Key Industrial Internet of Things (IIoT) Technologies, Global, 2015-2022

Table Chemicals Industry: CAGR by IIoT Technologies, Global, 2016-2022

IIoT in Global Chemicals Industry-Technology Trends

Smart Cabinet Marshalling

Smart Cabinet Marshalling-Case Example

Emerging Technological Solutions-Quality by Design

Enterprise Manufacturing Intelligence (EMI)

EMI-Case Example

Pervasive Sensing

Pervasive Sensing-Case Example

IIoT in Global Chemicals Industry-Industrial Cyber Security

Industrial Cyber Security-Chemical Processing

Roadmap for Secured Chemical Operations

IIoT in Global Chemicals Industry-SWOT Analysis

Chemical Processing-SWOT Analysis

IIoT in Global Chemicals Industry-Digital Plant: Use Cases

BASF-RECOBA

Evonik-Predictive Maintenance

Sinopec-Investment toward Digital Transformation

Growth Opportunities and Companies to Action

5 Major Growth Opportunities

Strategic Imperatives for Success and Growth

The Last Word

Future of Chemical Manufacturing

Appendix

Chemical Investments-Project Mapping

Chemicals 4.0—The Era of Digital Process Production

The objective of this study is to identify strategic opportunities for chemical manufacturers by extensively analyzing multiple routes toward expansion of their current product and service portfolios. It offers holistic analysis of both current and future trends and their implications on the chemical manufacturers in the light of economic uncertainty and rapidly changing end-user requirements. With cost reduction and production efficiency being the critical goals for several manufacturers, IIoT-based technologies offer greater control and visibility across the plant and business operations. The research service also discusses the various facets involving IT-OT convergence, deployment of intelligent automation and process control systems, and the need for communication gateways to transform into digital chemical plants.

With 2016 as the base year, the study provides estimates of the market size and future growth prospects up to 2022. For this purpose, a specific methodology is followed that includes discussions with senior management of automation and chemical manufacturers and secondary research.

Key Target Audience

The key target audience includes:

•             Automation and process control companies

•             Global manufacturers of commodity and specialty chemicals

•             IT solution providers (data center management, cloud services, analytics)

•             System integrators

•             Global manufacturers of commodity and specialty chemicals

Research Scope

•             Analysis of the current manufacturing approach and mindset toward investment in technologies offering advanced capabilities

•             In-depth analysis of the key automation and IIoT technologies, outcome of adopting these advanced technologies and solutions, and their implications on chemical processing

•             Regional perspective on the changing demand pattern across advanced and emerging markets: North America; Europe, the Middle East, and Africa; Asia-Pacific; and Rest of the World

•             End-user perspective on various critical requirements and the challenges faced by chemical manufacturers while upgrading their existing plants

•             Examples of various initiatives supporting IIoT and discussions on the benefits of IIoT adoption

Chemical manufacturers are striving to retain their market position and customer base in a cyclical environment. A large portion of their strategic efforts is focused on achieving production efficiency, reducing risk, promoting safety, and reducing operations-related cost. IIoT plays a pivotal role in addressing these critical challenges across the value chain right from manufacturing and product innovation to supply chain and customer services. It also supports manufacturers in focusing on the discovery of blockbuster chemical products that the industry is currently falling short of.

Key Questions This Study Will Answer

•             What is the current scenario in the chemical manufacturing arena? What are the major challenges faced by the manufacturers?

•             What are the market opportunities and drivers? What are some of the strategic approaches that help in translating these opportunities followed to achieve higher growth?

•             What is the role of Industrial Internet of Things (IIoT) in the chemicals industry? How receptive are chemical manufacturers toward these technologies? What are some of the investments made in this domain?

•             What are the important IIoT-based technologies and how do they transform the value chain in chemical manufacturing? What are the key benefits achieved through their adoption?

•             How will advanced automation and IIoT-based technologies help in reducing cost and increasing production volume?