Chemical Industry Automation and Software Expenditures

The Automation and Software Expenditures for Chemical Industry Global Market Research Study examines the market for automation, field devices and enterprise software applications.

Global Competition Drives the Chemical Industry Market

​Globally, the chemical industry is undergoing major transformation as it enters the post-recession recovery phase coupled with the increasing economic and industrial activities from emerging nations. Some manufacturers are experiencing rapid growth, while others are finding it difficult to keep their businesses going. Irrespective of their size and their strengths, most companies are facing problems, such as increasing global competition, cost of energy & raw materials, customer demand for quality products, stringent regulations, and others.

Globalization has given rise to the BRIC (Brazil, Russia, India and China) economies. Due to the increasing industrial activities and rising demand in the emerging economies, most of the global companies are shifting their investments to the Asian and Middle East countries.  Regionally, the highest growth rates will occur in Asia and Latin America.  In the Middle East, the chemical & petrochemical industry continues to grow, however the political turmoil in the region may hinder future growth. North America and the EMEA region will experience average growth in the forecast period.