IoT in Chemical Market size is expected to be worth around USD 353.1 Billion
The IoT in Chemical Market size is expected to be worth around USD 353.1 Billion By 2034, from USD 79.4 billion in 2024, growing at a CAGR of 16.1% during the forecast period from 2025 to 2034. In 2024, North America held a dominant market position, capturing more than a 40% share, holding USD 31.76 Billion revenue. IoT in the chemical sector means using connected sensors, instruments, machines, and cloud systems to monitor and control chemical production, logistics, storage, and safety. In practical terms, IoT turns plant equipment and supply chain assets into data sources so operators and managers can see conditions as they happen, predict problems before they occur, and optimize processes. This mix of physical processes and digital visibility helps reduce unplanned downtime, improve yield, and raise safety standards across manufacturing sites and distribution networks. The marke...