AI in Chemical & Material Informatics Market by Offering (Services, Software), Technology (Computer Vision, Machine Learning, Predictive Analytics), Deployment, Application, End-Use - Global Forecast 2024-2030

AI in Chemical & Material Informatics Market by Offering (Services, Software), Technology (Computer Vision, Machine Learning, Predictive Analytics), Deployment, Application, End-Use - Global Forecast 2024-2030

The AI in Chemical & Material Informatics Market size was estimated at USD 8.69 billion in 2023 and expected to reach USD 12.08 billion in 2024, at a CAGR 39.46% to reach USD 89.29 billion by 2030.

Artificial intelligence (AI) within the context of chemical and materials informatics pertains to the application of machine learning and predictive modeling to solve complex problems in the chemical and materials science industries. This stream converges the novel and powerful computational methodologies under AI to study, understand, and predict the properties of chemicals and materials. Main growth catalysts in this market encompass technological developments along with a heightened need for operational efficiency. The troves of data from the chemical and material industry instigates efficient data management practices, bolstering the market's growth. However, the high investment costs, a dearth of skilled professionals, AI reliability skepticism, alongside data security and privacy concerns are distinct challenges that impede market growth. Additional market opportunities include the burgeoning use of robotics and autonomous systems in research and manufacturing, opening doors for further AI integration. The acceptance of cloud-based solutions also fosters new prospects for AI service providers and software companies in the chemical and material sector.

Regional Insights

The Americas AI in chemical & material informatics market shows a remarkable trend owing to the region's technological advancements and dynamic innovation ecosystem, where the United States majorly contributing to adopting AI technologies and investing heavily in R&D. Additionally, regions’s growing focus on industrial diversification is pushing for AI utilization across its chemical and materials industry. The EMEA region presents robust growth in the application of AI in chemical and material informatics market. Major European countries such as France, Germany, and the UK are spearheading the digital transformation drive in the chemical industry. The Middle East is leveraging AI potential, particularly in the oil and gas sector, while Africa's market, though nascent, is showing promising signs owing to growing digital literacy and infrastructure development. In the APAC region, a burgeoning tech scene and increased investments in AI are driving considerable growth. With emerging economies employing AI in every industrial sector, including the chemical industry, and booming digital economies, the APAC region is poised to significantly expand AI applications within Chemical and Material Informatics.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the AI in Chemical & 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

• Increasing data generation with accelerating material discovery & experimentation in chemical industries
• Rising demand for predictive modeling of material properties and chemical reactions

Market Restraints

• High cost of deployment of AI in chemical & material informatics solutions

Market Opportunities

• Continuous technological advancements in AI in chemical & material informatics solutions
• Emerging applications for designing environmentally friendly materials and process

Market Challenges

• Data privacy and security concerns associated with the usage of AI in chemical & material informatics

Market Segmentation Analysis

• Offering: Expanding usage of AI software in chemical & material informatics due to its predictive ability
• Technology: Growing applications of machine learning to learn from past patterns for quick decision-making processes
• Deployment: High potential for cloud AI systems across start-ups and mid-sized enterprises
• Application: Significant demand for AI for material discovery & experimentation due to its ability to save resources in trial & testing
• End-Use: Expanding usage of AI in chemical & material informatics across the chemical industry to fasten the discovery of new chemicals

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the AI in Chemical & 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).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the AI in Chemical & 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.

Recent Developments

NobleAI Launches AI Tools on Microsoft Azure Marketplace to RevolutionizdeChemical and Material Development

NobleAI, a Science-Based AI solutions for Chemical and Material Informatics, now offers its products on the Microsoft Azure Marketplace. These products include NobleReactor, NobleBattery, and NobleChemistry, making it the first of its kind on the marketplace. By utilizing these software solutions, companies can optimize their product development process, reduce costs, and accelerate innovation through advanced AI and machine learning capabilities. This collaboration further strengthens NobleAI's partnership with Microsoft, enabling them to support more businesses on their AI journeys.

TDK Corporation Introduces 'Aim' a New AI Data Analysis Platform to Enhance Materials Informatics

TDK Corporation has announced the launch of their in-house AI data analysis platform called Aim. The platform is part of the company's ongoing efforts to advance materials informatics. Aim has been designed with the objective of making data analysis technology developed by individual departments more accessible to everyone within the organization. This accessibility aims to facilitate the compilation of high-quality data, which is essential for effectively harnessing AI and big data technologies.

Toray Industries Introduces AI-Powered Service to Enhance Resin Selection and Speed Up Product Development

Toray Industries, Inc. has announced the launch of a digital service that utilizes artificial intelligence to predict physical property data for resin products. By leveraging materials informatics technology, which incorporates statistical analysis and AI, customers are able to optimize resin material selections and reduce development lead times more efficiently. Toray has enhanced its forecasting model by employing AI to project optimal formulations based on empirical data.

Strategy Analysis & Recommendation

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 AI in Chemical & 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.

Key Company Profiles

The report delves into recent significant developments in the AI in Chemical & Material Informatics Market, highlighting leading vendors and their innovative profiles. These include AI Materia, Ansatz AI, Bytelab Solutions SL. All, Chemical.AI, Citrine Informatics, Dassault Systèmes SE, ENEOS Corporation, Enthought, Inc., Fujitsu Limited, Hitachi High-Tech Corporation, International Business Machines Corporation, Kebotix, Inc., Mat3ra, Materials.Zone Ltd., Mitsubishi Chemical Holdings Corporation, Noble Artificial Intelligence, Inc., PerkinElmer Inc, Phaseshift Technologies Inc., Polymerize Private Limited, Schrödinger, Inc., Sumitomo Chemical Co., Ltd., TDK Corporation, Tilde Materials Informatics, Toray Industries, Inc., and Uncountable Inc.

Market Segmentation & Coverage

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

• Offering
• Services
• Software
• Technology
• Computer Vision
• Machine Learning
• Predictive Analytics
• Deployment
• Cloud
• On-premise
• Application
• Material Discovery & Experimentation
• Material Manufacturing
• Quality Control & Assurance
• End-Use
• Battery & Energy Storage
• Chemicals
• Metals & Mining
• Pharmaceuticals
• Polymer & Plastics
• Semiconductor
• 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

Please Note: PDF & Excel + Online Access - 1 Year