Chicago, May 22, 2024 (GLOBE NEWSWIRE) -- The AI in Chemicals Market is projected to grow from USD 0.7 billion in 2024 to USD 3.8 billion by 2029 at a CAGR of 39.2% during the forecast period, according to a new report by MarketsandMarkets™.  The AI in chemicals market is witnessing a surge in AI adoption driven by two key factors: the increasing integration of AI in research and development (R&D) processes and the rising demand for AI-powered solutions to optimize chemical processes. These trends reflect a strategic shift towards leveraging advanced technologies for enhanced innovation and operational efficiency in the chemical industry. Browse in-depth TOC on "AI in Chemicals Market" 348 - Tables 69 - Figures 360 - Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152170973 AI in Chemicals Market Dynamics: Drivers: Growing demand for artificial intelligence for R&D purposes in chemicals and materials sectors Rising demand for AI-enhanced chemical process optimization Restraints: High cost associated with AI implementation in chemical industry. Regulatory constraints posing obstacles to scalability of AI solutions in chemical sector. Opportunities: Growing demand for AI-based predictive maintenance Growing integration of generative AI to unlock unprecedented opportunities List of Key Players in AI in Chemicals Market: IBM (US) Microsoft (US) Schneider Electric (France) AWS (US) Google (US) SAP (Germany) NVIDIA (US) C3.ai (US) GE Vernova (US) Siemens (Germany) Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=152170973 The field of chemistry is undergoing a remarkable transformation driven by the integration of artificial intelligence. AI algorithms are being harnessed to tackle complex chemical problems, leading to groundbreaking innovations, expanding applications, and shaping the future of this multifaceted discipline. AI is revolutionizing the field of chemistry by enabling researchers to explore vast chemical spaces more efficiently, accelerate materials discovery, optimize chemical processes, and design molecules with specific properties. This trend is also fostering collaborations between chemists, data scientists, and AI experts, fueling interdisciplinary research and development efforts. Furthermore, AI-driven advancements are enhancing sustainability in the chemical industry by facilitating greener processes, waste reduction, and energy efficiency improvements. As AI continues to evolve, we can expect even more groundbreaking discoveries and applications that will shape the future of chemistry and its impact on society, driving progress towards a more sustainable and innovative chemical sector. The support & maintenance ...