Material Informatics Market by Materials (Chemicals, Elements), Application (Alloy Development, Polymer Formulations), End-Use - Global Forecast 2024-2030

[190 Pages Report] The Material Informatics Market size was estimated at USD 236.55 million in 2023 and expected to reach USD 277.52 million in 2024, at a CAGR 20.41% to reach USD 868.41 million by 2030.

The material informatics market encompasses developing and applying data-driven techniques, artificial intelligence (AI), and machine learning (ML) algorithms to discover novel materials, optimize existing ones, and predict their properties. The constant need for lighter-weight components with improved performance characteristics in various industries and collaborative efforts involving industry partners foster the growth of the material informatics market. However, organizations face challenges in adopting material informatics solutions due to the lack of skilled personnel or inadequate understanding of potential benefits. Furthermore, governments worldwide are increasingly promoting R&D initiatives in advanced materials through funding programs to boost technological innovations in strategic sectors, estimated to generate lucrative opportunities for material informatics in the future.

The Americas has a significant landscape in the material informatics market due to the presence of key players and strong material informatics research and innovation facilities, as the region has seen substantial public and private sector investment in research development activities. The EMEA region has a developed material informatics landscape due to strong ongoing research projects and programs to boost innovation within various sectors, including advanced materials science. The region's commitment to digitalization has led manufacturers to focus on integrating AI-driven computational methods for the predictive modeling of new materials. The APAC has observed a developing market space in the material informatics market due to its strong industrial base and expertise in material science, which has positioned it at the forefront of material informatics research. Growing emphasis on technology-driven development policies and rising usage of material informatics in the healthcare, energy, infrastructure, and manufacturing sectors have driven market growth in the APAC region.

The market dynamics represent an ever-changing landscape of the Material Informatics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

• Market Drivers
  • Exponential demand for advanced materials across industries
  • Initiatives for industrial digitalization & automation and use of material informatics
  • Growing investments in R&D activities in healthcare and energy sector
• Market Restraints
  • Lack of technical resources to manage material informatics
• Market Opportunities
  • Technological advancements in material informatics based on artificial intelligence & machine learning
  • Growing emphasis on smart manufacturing worldwide
• Market Challenges
  • Technical and operational limitations of material informatics

• Materials: Extensive use of material informatics for developing chemical products

  Material informatics plays a crucial role in developing and optimizing chemical products, as it involves leveraging data science, machine learning, and computational methods to expedite the discovery, design, and synthesis of novel materials with desirable properties. In addition, material informatics provides an efficient approach to advance our understanding of complex relationships between molecular structures, compositions, processing parameters, and resulting properties. In the context of element advancements, material informatics plays a crucial role by enabling scientists and engineers to efficiently navigate through vast amounts of experimental data and identify patterns that can lead to innovative elemental combinations and superior material properties.

• Application: Increasing need to optimize novel polymer formulations for various industrial applications

  Material informatics are used in alloy development to design and optimize novel alloys for various industrial applications. They can harness the power of data-driven modeling and machine learning techniques to predict new alloys with desired mechanical, thermal, and corrosion properties. Material informatics is equally vital in advancing polymer formulations due to its unparalleled capabilities in predicting polymer properties based on molecular structure data. They have applications across various industries such as automotive, packaging, medical devices, and electronics through designing advanced functional polymers.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Material Informatics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Material Informatics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Material Informatics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

• Asahi Kasei and NEC Established Analysis Platform Utilizing Secure Computation Technology For Secure Data Collaboration Between Companies

  Asahi Kasei Corp. and NEC Corporation collaboratively developed a groundbreaking technology called Material Informatics. This innovative solution utilizes artificial intelligence and advanced technologies to analyze and predict the properties of various materials. By optimizing material utilization, this technology enables more efficient product development in areas, such as medical devices, batteries, and printed electronics. [Published On: March 28, 2023]

• Resonac Joins Enthought’s Materials Informatics Acceleration Program

  Resonac Corporation partnered with Enthought, Inc.to strengthen its data scientists' capabilities in developing MI (Materials Informatics) analysis tools, platforms, and MLOps (Machine Learning Operations) to accelerate materials development. Through this partnership, Enthought's cutting-edge AI (Artificial Intelligence) and MI skills transferred to Resonac's young data scientists. [Published On: February 09, 2023]

• Citrine Informatics Raises USD 16 Million in Series C Financing

  Citrine Informatics secured USD 16M in Series C financing. This investment is expected to support the further development of the company's existing portfolio and the expansion of its enterprise offering. The funding round has been led by Intel Capital and included participation from Energy Transformation Ventures (ETV), Amplify Partners, Prelude Ventures, Synapse Partners, Pseudonym Ventures, and other investors. [Published On: January 04, 2023]

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Material Informatics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The report delves into recent significant developments in the Material Informatics Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Citrine Informatics, Dassault Systèmes SE, Elix, Inc., ENEOS Corporation, Exabyte Inc., Exponential Technologies Ltd., Hitachi, ltd., Kebotix, Inc., Mat3ra by Exabyte Inc., Materials Design, Inc., Materials Zone, OntoChem GmbH, Phaseshift Technologies Inc., Polymerize Private Limited, Preferred Networks, Inc., QuesTek Innovations LLC, Revvity Signals Software, Inc., Schrodinger, Inc., Simreka by Devtaar GmbH, TDK Corporation, Thermo Fisher Scientific, Inc., Tilde Materials Informatics, and Uncountable Inc..

This research report categorizes the Material Informatics Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Materials
  • Chemicals
    • Biomolecules
    • Dyes
    • Polymers
  • Elements
    • Alloys
    • Composites
    • Metals
    • Superalloys
• Application
  • Alloy Development
  • Polymer Formulations
• End-Use
  • Chemical & Pharmaceutical
  • Energy
  • Food Science
  • Manufacturing
  • Materials Science

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?