Chemicals 4.0—The Era of Digital Process Production

Uptake in the Deployment of Digital Infrastructure in Chemical Plants to Unleash New Growth Opportunities

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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?

Table of Contents

1. Executive Summary
Chemicals Industry—Key Findings
Chemicals 4.0—Transition toward Digital Chemical Plants
2. 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
3. Research Scope, Objectives, Background and Methodology
Research Scope and Objective
Market Definitions
Research Aims and Objectives
4. Chemicals 4.0—Economic Perspective
Global Perspective
Roadblocks to Sustainable Growth
Key Opportunities and Trends
Capital Spending
Government Policies and Regulations
Key Organizations
5. Chemicals 4.0—Regional Perspective
Regional Perspective
North America
Europe
Asia-Pacific
Rest of the World
6. Chemicals 4.0—Demand-based Product Portfolios
Chemicals—Global Segment Performance
Product Mix—Focus on Specialty Chemicals
Chemicals Industry—Basic and Specialty Chemicals
7. Chemicals 4.0—Evolution of Smart Chemical Manufacturing
IIoT Resolving Industry Challenges
Obstacles Faced in the Value Chain
Digital Connectivity and its Benefits
Investment toward IIoT Technologies
8. 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
9. IIoT in Global Chemicals Industry—Industrial Cyber Security
Industrial Cyber Security—Chemical Processing
Roadmap for Secured Chemical Operations
10. IIoT in Global Chemicals Industry—SWOT Analysis
Chemical Processing—SWOT Analysis
11. IIoT in Global Chemicals Industry—Digital Plant: Use Cases
BASF—RECOBA
Evonik—Predictive Maintenance
Sinopec—Investment toward Digital Transformation
12. Growth Opportunities and Companies to Action
5 Major Growth Opportunities
Strategic Imperatives for Success and Growth
13. The Last Word
Future of Chemical Manufacturing
Legal Disclaimer
14. Appendix
Chemical Investments—Project Mapping
15. The Frost & Sullivan Story


List of Figures & Charts

1. Chemicals Industry: Changing Business Model, Global, 2013–2022
2. Chemicals Industry: CAGR by IIoT Technologies, Global, 2016–2022
3. Chemicals Industry: Technology Trends – Smart Cabinet Marshalling, Global, 2016
4. Chemicals Industry: Technology Trends – Perstorp Smart Cabinet Marshalling, Global, 2016
5. Chemicals Industry: Technology Trends – Quality by Design, Global, 2016
6. Chemicals Industry: Technology Trends – Enterprise Manufacturing Intelligence (EMI), Global, 2016
7. Chemicals Industry: Technology Trends – Enterprise Manufacturing Intelligence (EMI), Global, 2016
8. Chemicals Industry: Technology Trends – Pervasive Sensing, Global, 2016
9. Chemicals Industry: Technology Trends – Pervasive Sensing, Global, 2016
10. Chemicals Industry: Chemical Processing – SWOT Analysis, Global, 2016
11. Chemicals Industry: IIoT – BASF, Global, 2016
12. Chemicals Industry: IIoT – Evonik, Global, 2016
13. Chemicals Industry: IIoT – Sinopec, Global, 2016


1. Chemicals Industry: Revenue Forecast, Global, 2005–2020
2. Chemicals Industry—Capital Spend, Global, 2010–2020
3. Chemicals Industry: Revenue Forecast, North America, 2001, 2016 and 2031
4. Chemicals Industry: Revenue Forecast, Europe, 2001, 2016 and 2031
5. Chemicals Industry: Revenue Forecast, Asia-Pacific, 2001, 2016 and 2031
6. Chemicals Industry: Revenue Forecast, Rest of the World, 2001, 2016 and 2031
7. Chemicals Industry: Segments by Products, Global, 2015 and 2020
8. Chemicals Industry: Investments toward Restructuring Product Portfolio, Global, 2002 and 2022
9. Chemicals Industry: Value Chain, Global, 2016
10. Chemicals Industry: Capital Spend toward Key Industrial Internet of Things (IIoT) Technologies, Global, 2015–2022



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