USD
GBP
CNY
EUR
INR
JPY
MYR
ZAR
KRW
THB
Digital Transformation in the Global Chemicals Industry
Investment in Emerging 5G and Quantum Computing Technologies Drive Transformational Growth
21-Dec-2022
Global
Market Research
Across various industrial sectors, digitalization has rapidly developed, utilizing several existing and emerging digital technologies, including AI, Big Data analytics (BDA), IoT, machine learning (ML), natural language processing (NLP), robotics, and automation. While the chemicals industry was relatively slow to adopt these technologies, the transformation rate in the industry has increased considerably in the past 5 years.
The global spread of the COVID-19 pandemic has accelerated the digital transformation in the industry to enable companies to rapidly address remote and hybrid working practices, prolonged and sometimes broken supply chains, and changing end-user demands.
Frost & Sullivan, in its March 2018 study, Impact of Digitization on the Chemical Industry, identified 7 domains of digital transformation and provided an overview of enabling digital technologies.
This new study analyzes the market using 6 emerging themes: Digitalization for Sustainability, Empowered Workforce, Digitalization for Innovation, Enhanced Customer Experience, Digital Transformation of Supply Chain, and Transformation because of Emerging Technologies.
Each theme will cover 1 or more of the 7 domains. While attaining operational excellence is at the core of digitalization strategies of larger petrochemicals, chemicals, and formulation companies in this industry, there is a general rise in awareness among organizations about the importance of adopting a holistic approach by placing their internal workforce and end customers at the core of this transformation as well.
Author: Christeena Thomas
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on Digital Transformation in the Chemicals Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Background and Introduction
Scope of the Analysis—Digital Transformation Themes
Sectors of the Chemical Industry Value Chain
Digitalization for Sustainability
Empowered Workforce
Digitalization for Innovation
Enhanced Customer Experience
Digital Transformation of Supply Chain
Transformation Because of Emerging Technologies
Global Chemicals Industry Digital Transformation Expenditure Forecast
Introduction
Chemical Industries—Segment Overview
Diversified Chemical Companies—Case Studies
Diversified Chemical Companies—Case Studies (continued)
Diversified Chemical Companies—Case Studies (continued)
Diversified Chemical Companies—Case Studies (continued)
Diversified Chemical Companies—Case Studies (continued)
Additives—Case Studies
Polymers and Resins—Case Studies
Polymers and Resins—Case Studies (continued)
Degree of Digitalization—Chemical Industries
Introduction
Formulation Industries—Segment Overview
Coatings—Case Studies
Coatings—Case Studies (continued)
Coatings—Case Studies (continued)
Coatings—Case Studies (continued)
Coatings—Case Studies (continued)
Adhesives and Sealants—Case Studies
Adhesives and Sealants—Case Studies (continued)
Lubricants—Case Studies
Lubricants—Case Studies (continued)
Lubricants—Case Studies (continued)
Degree of Digitalisation—Formulation Industries
Packaging—Segment Overview
Packaging—Digital Technology Contributing to Circularity
Digital Concepts in Packaging
Digital Concepts in Packaging (continued)
Packaging Companies—Case Studies
Packaging—Other Case Studies
Growth Opportunity 1: Data Monetization
Growth Opportunity 1: Data Monetization (continued)
Growth Opportunity 2: 5G and Edge Computing
Growth Opportunity 2: 5G and Edge Computing (continued)
Growth Opportunity 3: Quantum Computing in R&D and Manufacturing
Growth Opportunity 3: Quantum Computing in R&D and Manufacturing (continued)
Growth Opportunity 4: External Digital Platform Developers can Support Chemical Companies with their Digitalization Goals
Growth Opportunity 4: External Digital Platform Developers can Support Chemical Companies with their Digitalization Goals (continued)
List of Acronyms
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| Author | Christeena Thomas |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | digital transformation in chemical industry |
| Keyword 2 | digitalization in chemical industry |
| Keyword 3 | digital transformation chemical industry |
| Podcast | No |
| Predecessor | MD02-01-00-00-00 |
| WIP Number | PD65-01-00-00-00 |