Blockchain in Chemical Market – Trends Forecast Till 2028

Blockchain in Chemical Market, By Application (Manufacturing, Automation, Supply Chain Management, Food and Pharmacy), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: June, 2020

Base Year Estimate: 2019

Report ID: D-CM-BCM-18

Format:  

Number of Pages: 283

Domain: Chemicals & Materials

Blockchain in Chemical Market – Trends Forecast Till 2028

Blockchain in Chemical Market, By Application (Manufacturing, Automation, Supply Chain Management, Food, and Pharmacy), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Blockchain is being widely regarded as one of the most disruptive technologies chemical industry. Factors such as increased concerns over privacy, growing demand for scalability are some of the major drivers for blockchain in the chemical market. Blockchain in the chemical industry may improve and transformability to modernize and produce interesting solutions for the end-users.

Blockchain in Chemical Market – Trends Forecast Till 2028

The global blockchain in the chemical market is segmented into application and geography.

Application segment is segmented into Manufacturing, Automation, Supply Chain Management, Food, and Pharmacy

Geographically, global blockchain in the chemical market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

The North America region is the largest contributor to the blockchain in the chemical market in the forecast period 2020-2028.

Key players in the global blockchain in the chemical market are Accenture, IBM, BASF SE, SAP, Dow Chemical Company, Mitsubishi Chemical Holdings, Siemens, and among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2020, BASF SE launched pilot platform reciChain in British Columbia (BC) Canada, as a response to one of the most irresistible environmental challenges – plastic waste.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the blockchain in the chemical market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial study the global blockchain in the chemical market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the blockchain in the chemical market.

Primary Respondent breakdown is provided below:

Blockchain in Chemical Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the blockchain in the chemical market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

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