- IoT in the chemical industry enables automation, monitoring, and data-driven decision-making through smart sensors, control systems, and cloud-based analytics, significantly improving plant reliability and reducing downtime
- Major drivers include stringent safety regulations, sustainability goals, and the need for real-time visibility into chemical processes, which are encouraging investments in IoT infrastructure across the globe
- The shift toward Industry 4.0, combined with the demand for energy efficiency and waste reduction, is positioning IoT as a critical enabler in the future of chemical production and supply chain management
- North America dominated the IoT in chemical industry market with the largest revenue share of 38.45% in 2024, driven by strong digital infrastructure, early adoption of Industry 4.0 technologies, and the presence of major chemical manufacturers integrating IoT for process optimization and predictive maintenance
- Asia-Pacific is expected to register the fastest CAGR of 6.89% during the forecast period (2025–2032), propelled by growing chemical production, industrial expansion, and government initiatives for smart manufacturing in China, India, Japan, and South Korea
- The Plant Asset Management segment dominated the IoT in chemical industry market with the largest market revenue share of 26.4% in 2024, driven by the rising demand for predictive maintenance and real-time equipment monitoring
