In-Depth Chemicals Advanced Process Control Software Market Global Analysis and Forecasts 2016 – 2020

Global Advanced Process Control Software Market in Chemicals Industry 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 70 pages and provides 19 Exhibit; the report is published in Nov -2015.

Global APC software market in chemicals industry to grow steadily at a CAGR of around 7% during the forecast period. The rising investments in the US chemical industry is expecetd to drive the market growth during the forecast period. The economic recovery in the region has boosted the sale of light vehicles, appliances, and construction materials. The automotive and real estate sectors are the major end-user markets for chemicals in the US. For instance, during 2015, nearly 215 new chemical production projects with a market value of around USD 135 billion were started to cater to the rising demand from end-user industries.

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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 growth during the forecast period. The use of APC technology is man power intensive and also requires extensive technical and domain knowledge.

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

• Americas

• APAC

• EMEA

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APAC accounted for around 43% of the market share during 2015. The growth of the chemical industry in this region has led to a high adoption of the software, driving the market growth. For instance, companies such as Sinopec, based in this region APAC, uses Honeywell’s Profit Suite R400, an APC software, in their chemical production...