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

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

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.

Regional Insights

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.

Market Insights

Market Dynamics

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

Market Segmentation Analysis

Materials: Extensive use of material informatics for developing chemical products
Application: Increasing need to optimize novel polymer formulations for various industrial applications
End-Use: Potential use in the manufacturing sector for optimizing material properties and enhancing production processes

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 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 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

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.

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.

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.

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 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 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..

Market Segmentation & Coverage

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

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