Growth Trends and Dynamics for Automation in the US Chemicals Market
The basic chemicals segment is expected to hold the greatest opportunity from a revenue standpoint (~ $billion by 2020).
Cost-focus is a key attribute in the basic chemicals segment.
Greatest CAPEX spend for chemical projects is in the Gulf Coast (accounts for % of the total spend).
Based on projects announced, the market is witnessing a : split between greenfield and brownfield projects.
Large complex requirements for greenfield projects have resulted in the main automation contractor (MAC) approach gaining wide scale acceptance.
Automation and control systems (ACS) revenue in the US chemicals market was approximately $ to $ billion in 2013 (growing at a CAGR of – % between 2013–2020).
Strategic alliances and partnerships between automation vendors and other value chain participants such as engineering, procurement, and construction (EPC) firms and system integrators will allow for greater penetration across diverse chemical sub-segments.
About this report
Large CAPEX investments in the chemicals market are poised to create new greenfield and brownfield opportunities for solution providers across the value chain. Considering diverse project requirements have left end users seeking expertise and technical know-how, solution providers must develop unique go-to-market strategies to meet diverse needs. This strategic insight provides automation vendors a snapshot of the chemicals market by product type, changing business models between greenfield and brownfield projects, key projects, automation and control systems market sizing, and Frost & Sullivan’s top growth hypotheses.
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