Process control in chemical engineering involves monitoring and adjusting variables to maintain desired conditions. It's crucial for optimizing performance, safety, and product quality. Key concepts include setpoints, controlled variables, manipulated variables, and disturbances. Control systems can be open-loop or closed-loop, using feedback or feedforward strategies. Components include sensors, transmitters, controllers, and final control elements. Mathematical modeling helps design and optimize control systems, using concepts like transfer functions and frequency response analysis.