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Global Advanced Process Control Software Market in Chemicals Industry 2016-2020

Advanced Process Control Software Sector: Worldwide Forecast until 2020 in Chemicals Industry

  • November 2015
  • 50 pages
  • ID: 3423984
In this report:
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The low price of ethane offers a competitive advantage to many US manufacturers over other competitors worldwide that rely on naphtha, which is an expensive oil-based feedstock.

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Market outlook for the APC software sector in the chemicals industry

Research company's market research analyst anticipates the overall APC software sector in chemicals industry to grow steadily at a Compound annual growth rate of around 7% during the projection horizon. The growing investments in the US chemical industry is expecetd to drive the market rise during the estimate period. The economic recovery in the territory has boosted the sale of light vehicles, appliances, and construction materials. The automotive and real estate sectors are the main end-user markets for chemicals in the USA For instance, during 2015, nearly 215 additional chemical production projects with a market value of around $135.0B were started to cater to the increasing demand from end-user industries.

The lack of skilled workforce that can develop and operate statistical and optimization models and integrate APC software with legacy automation systems is anticipated to pose challenges to the market increase during the outlook period. The use of APC technology is man power intensive and also requires comprehensive technical and domain knowledge.

Geographical segmentation and analysis of the APC software sector in the chemicals industry

Americas

Asia-Pac

Europe, Middle East and Africa (EMEA)

Asia-Pacific accounted for around 43.0 percent of the market share during 2015. The growth of the chemical industry in this area has led to a high adoption of the software, driving the market increase. For example, companies including Sinopec, based in this region APAC, uses Honeywell's Profit Suite R400, an APC software, in their chemical production facilities, to achieve high production values through better flexibility and effective operations.

What is the current competitive panorama? Who are the main vendors?

The industry is leaded by, is monopolized by big worldwide merchants. Small and medium dealers do not exist in the sector because operations in the chemical industry are complex and critical, which require skilled labor and heavy investments. The ambitious environment in this sector is likely to intensify during the forecast period due to product extensions and technological innovations.

Other main sellers in the market contain Aspen Technology, GE, Rockwell Automation, and Yokogawa Electric.

What are the main questions answered?

What will the market value and the increase rate be in 2020?

What are the most significant drivers yielding the APC software sector in the chemicals industry?

What are the main projections/trends in this sector/market? impacting the growth of the APC software sector in the chemicals industry?

Which market growth drivers or obstacles can be identified?

Who are the major actors in this maket environment??

What are the opportunities in this industry and segment risks faced by the sellers in the APC software sector in the chemicals industry?

Trending factors influencing the Americas's market shares, Asia-Pac, and Europe, Middle East and Africa (EMEA)?

What are the main outcomes of the Porter 5 forces analysis of the APC software sector in the chemicals industry?

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