Material Informatics Market by Materials, Application, End-Use

Description

List of Tables

[194 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 236.55 million
Estimated Year [2024]	USD 277.52 million
Forecast Year [2030]	USD 868.41 million
CAGR (%)	20.41%

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. [Published On: 2023-03-28]

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: 2023-02-09]

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: 2023-01-04]

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 Systemes 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

Product Code: MRR-190BF4DC7ECD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Exponential demand for advanced materials across industries
  - 5.1.1.2. Initiatives for industrial digitalization & automation and use of material informatics
  - 5.1.1.3. Growing investments in R&D activities in healthcare and energy sector
- 5.1.2. Restraints
  - 5.1.2.1. Lack of technical resources to manage material informatics
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in material informatics based on artificial intelligence & machine learning
  - 5.1.3.2. Growing emphasis on smart manufacturing worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Technical and operational limitations of material informatics
5.2. Market Segmentation Analysis
- 5.2.1. Materials: Extensive use of material informatics for developing chemical products
- 5.2.2. Application: Increasing need to optimize novel polymer formulations for various industrial applications
- 5.2.3. End-Use: Potential use in the manufacturing sector for optimizing material properties and enhancing production processes
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Material Informatics Market, by Materials

6.1. Introduction
6.2. Chemicals
6.3. Elements

7. Material Informatics Market, by Application

7.1. Introduction
7.2. Alloy Development
7.3. Polymer Formulations

8. Material Informatics Market, by End-Use

8.1. Introduction
8.2. Chemical & Pharmaceutical
8.3. Energy
8.4. Food Science
8.5. Manufacturing
8.6. Materials Science

9. Americas Material Informatics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Material Informatics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Material Informatics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Asahi Kasei and NEC Established Analysis Platform Utilizing Secure Computation Technology For Secure Data Collaboration Between Companies
- 12.3.2. Resonac Joins Enthought's Materials Informatics Acceleration Program
- 12.3.3. Citrine Informatics Raises USD 16 Million in Series C Financing
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio