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Material Informatics Market

Material Informatics Market Size, Share & Trends Analysis Report By Application (Chemical and Pharmaceuticals, Material Science, Manufacturing, Food Science, Energy, Others), By Material Type (Elements, Chemicals, Others), By Technique (Digital Annealer, Deep Tensor, Statistical Analysis, Genetic Algorithm), By Region, And By Segment Forecasts, 2024-2031.

Report ID : 2305 | Published : 2024-01-23 | Pages: 180 | Format: PDF/EXCEL

Material Informatics Market Size is valued at USD 125.1 Mn in 2023 and is predicted to reach USD 425.9 Mn by the year 2031 at a 16.6% CAGR during the forecast period for 2024-2031.

Material Informatics Market

Materials informatics is a field that applies informatics ideas to materials science and engineering to improve material knowledge, utilization, selection, development, and discovery. This new field aims to achieve high-speed and reliable data capture, management, analysis, and dissemination of various materials data to substantially minimize the time and risk associated with creating, producing, and deploying new material data, which can take more than 20 years. There is an increasing desire for cost and time savings while producing novel materials. As a result, there is a growing demand for material informatics across a variety of industries, including chemical, material, and food science.

However, the expansion of COVID-19 at the beginning of 2020 has altered the operation and future scope of various industries, including material science and research. As the focus of research switched to the COVID-19 virus, other fields suffered. Furthermore, the halt in the manufacturing process, combined with the country lockdown, has badly impacted the research sector across numerous industries, impeding the growth of the material informatics industry.

Competitive Landscape

Some Major Key Players In The Material Informatics Market:

  • io
  • Alpine Electronics Inc.
  • Phaseshift Technologies
  • Nutonian Inc.
  • Schrodinger
  • Citrine Informatics
  • Materials Zone Ltd.
  • BASF
  • Kebotix
  • AI Materia
  • Tilde Materials Informatics
  • AI
  • Nutonian Inc.
  • MAT3RA
  • MaterialsDesign
  • Hitachi High-Tech
  • Dassault Systems
  • Alloyed
  • Exponential Technologies (Xt)
  • Innophore
  • Intellegens
  • Other prominent players

Market Segmentation:

The Material Informatics Market is segmented based on application, material type, and technique. according to application, the market is segmented as Chemical and Pharmaceuticals, Material Science, Manufacturing, Food Science, Energy, and Others. The material type segment includes Elements, Chemicals, and Others. By technique, the market is segmented into Digital Annealer, Deep Tensor, Statistical Analysis, and Genetic Algorithm.

Based On Material, The Chemicals Segment Is A Major Contributor To The Material Informatics Market

The Chemicals category is expected to hold a major share of the global Material Informatics Market in 2022. The expansion can be attributed to various sources, such as the chemical industry's continuous pursuit of innovative materials and chemicals to meet evolving consumer and industry needs. Material informatics uses modern computational approaches and data analytics to speed up the identification and optimization of new materials. Furthermore, the growing emphasis on sustainability and environmentally friendly solutions promotes demand for materials with improved environmental characteristics. Material informatics in the chemical sector allows for faster and more effective identification and development of these sustainable materials, adding to the chemical segment's expected rise in the material informatics market.

Material Science Segment Witnessed Growth At A Rapid Rate

The Material Science segment is projected to grow rapidly in the global Material Informatics Market due to various variables, including rising demand for sophisticated materials in industries such as automotive, aerospace, electronics, and healthcare. This demand drives the need for new materials with improved characteristics and performance. Advances in materials science research, such as nanotechnology and biomaterials, are creating new opportunities for developing innovative materials. Furthermore, the incorporation of material informatics, data science, and machine learning into materials research is hastening material discovery and optimization. These variables, taken together, contribute to the materials science segment's strong growth potential during the predicted period.

In The Region, The North America Material Informatics Market Holds A Significant Revenue Share

The North America Material Informatics Market is expected to record the maximum market revenue share in the near future. The dominance is attributed to many R&D initiatives aimed at discovering novel materials. Furthermore, the considerable expenditure required to carry out these tasks drives the growth of the North American material informatics market. Asia Pacific is predicted to grow dramatically in the next years for a variety of reasons, including significant industrial and economic expansion, which will raise demand for innovative materials in industries such as automotive, electronics, and construction. Furthermore, countries such as China, India, and Japan have significantly invested in research and development, especially materials science and technology. This emphasis on innovation and technological developments is boosting the region's adoption of material informatics.

Recent Developments:

  • In Apr 2022, LyondellBasell established a long-term partnership with Citrine Informatics to make use of the Citrine Platform for Materials Informatics and product development led by artificial intelligence

Material Informatics Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 125.1 Mn

Revenue Forecast In 2031

USD 425.9 Mn

Growth Rate CAGR

CAGR of 16.6 % from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Mn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Application, Material Type, Technique

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea

Competitive Landscape

Exabyte.io, Alpine Electronics Inc., Phaseshift Technologies, Nutonian Inc., Schrodinger, Citrine Informatics, Materials Zone Ltd., BASF, Kebotix, AI Materia, Tilde Materials Informatics, Noble.AI, Nutonian Inc., MAT3RA, MaterialsDesign, Hitachi High-Tech, Dassault Systems, Alloyed, Exponential Technologies (Xt), Innophore, Intellegens, Others

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Material Informatics Market Snapshot

Chapter 4. Global Material Informatics Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Technology Advancement in Material Informatics Market

4.8. Key Trends in the Market

Chapter 5. Market Segmentation 1:  Material Type Estimates & Trend Analysis

5.1.  Material Type & Market Share, 2019 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2024 to 2031 for the following Material Type:

5.2.1. Elements

5.2.2. Chemicals

5.2.3. Others

Chapter 6. Market Segmentation 2: Application Estimates & Trend Analysis

6.1. Application & Market Share, 2019 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2024 to 2031 for the following Application:

6.2.1. Chemical and Pharmaceuticals

6.2.2. Material Science

6.2.3. Manufacturing

6.2.4. Food Science

6.2.5. Energy

6.2.6. Others

Chapter 7. Market Segmentation 3: Technique Estimates & Trend Analysis

7.1. Technique & Market Share, 2019 & 2031

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2024 to 2031 for the following Technique:

7.2.1. Digital Annealer

7.2.2. Deep Tensor

7.2.3. Statistical Analysis

7.2.4. Genetic Algorithm

Chapter 8. Material Informatics Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Material Informatics Market revenue (US$ Million) estimates and forecasts by Material Type, 2023-2031

8.1.2. North America Material Informatics Market revenue (US$ Million) estimates and forecasts by Application, 2023-2031

8.1.3. North America Material Informatics Market revenue (US$ Million) estimates and forecasts by Technique, 2023-2031

8.1.4. North America Material Informatics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.1.4.1. U.S.

8.1.4.2. Canada

8.2. Europe

8.2.1. Europe Material Informatics Market revenue (US$ Million) estimates and forecasts by Material Type, 2023-2031

8.2.2. Europe Material Informatics Market revenue (US$ Million) estimates and forecasts by Application, 2023-2031

8.2.3. Europe Material Informatics Market revenue (US$ Million) estimates and forecasts by Technique, 2023-2031

8.2.4. Europe Material Informatics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.2.4.1. Germany

8.2.4.2. France

8.2.4.3. Italy

8.2.4.4. Spain

8.2.4.5. UK

8.2.4.6. Rest of Europe

8.3. Asia Pacific

8.3.1. Asia Pacific Material Informatics Market revenue (US$ Million) estimates and forecasts by Material Type, 2023-2031

8.3.2. Asia Pacific Material Informatics Market revenue (US$ Million) estimates and forecasts by Application, 2023-2031

8.3.3. Asia Pacific Material Informatics Market revenue (US$ Million) estimates and forecasts by Technique, 2023-2031

8.3.4. Asia Pacific Material Informatics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.3.4.1. China

8.3.4.2. India

8.3.4.3. Japan

8.3.4.4. Australia

8.3.4.5. Rest of Asia Pacific

8.4. Latin America

8.4.1. Latin America Material Informatics Market revenue (US$ Million) estimates and forecasts by Material Type, 2023-2031

8.4.2. Latin America Material Informatics Market revenue (US$ Million) estimates and forecasts by Application, 2023-2031

8.4.3. Latin America Material Informatics Market revenue (US$ Million) estimates and forecasts by Technique, 2023-2031

8.4.4. Latin America Material Informatics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.4.4.1. Brazil

8.4.4.2. Rest of Latin America

8.5. MEA

8.5.1. MEA revenue Material Informatics Market revenue (US$ Million) estimates and forecasts by Material Type, 2023-2031

8.5.2. MEA Material Informatics Market revenue (US$ Million) estimates and forecasts by Application, 2023-2031

8.5.3. MEA Material Informatics Market revenue (US$ Million) estimates and forecasts by Technique, 2023-2031

8.5.4. MEA revenue Material Informatics Market revenue (US$ Million) estimates and forecasts by country, 2023-2031

8.5.4.1. GCC Countries

8.5.4.2. South Africa

8.5.4.3. Rest of MEA

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Exabyte.io

9.2.2. Alpine Electronics Inc.

9.2.3. Phaseshift Technologies

9.2.4. Nutonian Inc.

9.2.5. Schrodinger

9.2.6. Citrine Informatics

9.2.7. Materials Zone Ltd.

9.2.8. BASF

9.2.9. Kebotix

9.2.10. AI Materia

9.2.11. Tilde Materials Informatics  

9.2.12. Noble.AI 

9.2.13. Nutonian Inc.  

9.2.14. MAT3RA  

9.2.15. MaterialsDesign  

9.2.16. Hitachi High-Tech  

9.2.17. Dassault Systems

9.2.18. Alloyed

9.2.19. Exponential Technologies (Xt)

9.2.20. Innophore

9.2.21. Intellegens   

9.2.22. Other prominent players

9.2.23. Formulatrix

9.2.24. Qiagen N.V.

9.2.25. Labvantage Solutions, Inc.

9.2.26. Bio-Rad Laboratories, Inc.

9.2.27. Labware

9.2.28. Analytik Jena GMBH

9.2.29. Other Prominent Player

Segmentation of Material Informatics Market-

Material Informatics Market By Application-

  • Chemical and Pharmaceuticals
  • Material Science
  • Manufacturing
  • Food Science
  • Energy
  • Others

Material Informatics Market Seg

Material Informatics Market By Material Type-

  • Elements
  • Chemicals
  • Others

Material Informatics Market By Technique-

  • Digital Annealer
  • Deep Tensor
  • Statistical Analysis
  • Genetic Algorithm

Material Informatics Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Material Informatics Market Size?

Material Informatics Market is expected to grow at a 16.6% CAGR during the forecast period for 2024-2031.

MAT3RA, MaterialsDesign, Hitachi High-Tech, Dassault Systems, Alloyed, Exponential Technologies (Xt), Innophore, Intellegens, Others

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