Materials Informatics Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global materials informatics market was estimated to be US$ 146 Million in 2022 and is expected grow at a CAGR of 27.3% between 2023 to 2032.
Material informatics is a field of study that combines materials science, data science, and computer science to develop computational tools and techniques for designing, discovering, and optimizing new materials. It involves the use of data-driven approaches to study the properties of materials and predict their behavior, as well as the creation of databases and tools for managing and analyzing material data.
The goal of material informatics is to streamline the process of material discovery and design, leading to the development of more advanced and sustainable materials.
Market Drivers
Growing trend of collaboration between industry and academia is driving the growth of the market
The growth of the material informatics market is driven by several key factors, including advancements in computational materials science and data analytics, the growing need for efficient and sustainable materials design, discovery, and optimization, and increased investments in research and development.
With the help of powerful computing systems and large data sets, material informatics methods such as machine learning algorithms and high-throughput simulations are being used to quickly screen and identify new materials with desired properties, leading to more efficient and effective materials design and discovery.
The use of material informatics can also help to improve the efficiency of the materials supply chain by enabling the sharing of data and knowledge across different stakeholders.
In addition, the demand for advanced materials in various industries, such as electronics, energy, and transportation, combined with the need to reduce the environmental impact of materials production and use, is driving the development of new materials and the optimization of existing ones.
The growing trend of collaboration between industry and academia is also playing a role in driving the growth of the material informatics market, as it enables the sharing of data and knowledge and leads to more efficient materials supply chain management.
The increased demand for simulation-based product design and the growing trend of increased investment in research and development are also contributing factors to the growth of the material informatics market.
Material segmentation of Global Materials Informatics Market
Inorganic materials segment is the largest in the material informatics market
Based on the material, the market is segmented into Organic Materials, Inorganic Materials, Hybrid Materials.
Among these, the market segment of inorganic materials is the largest in the material informatics market. This is due to the widespread use of inorganic materials in a variety of industries, including electronics, energy, and construction. Inorganic materials, such as ceramics, metals, and glasses, are known for their high stability and durability, making them ideal for use in a variety of applications.
As for the fastest-growing segment, it is likely to be hybrid materials. Hybrid materials are materials that combine the properties of two or more different materials to create new materials with unique and improved properties.
The development of hybrid materials is driven by the growing demand for advanced materials in various industries and the need to reduce the environmental impact of materials production and use.
The use of material informatics methods can help to speed up the development of hybrid materials by enabling the simulation and analysis of complex materials systems and by improving the efficiency of the materials supply chain.
Technique segmentation of Global Materials Informatics Market
Statistical analysis technique is the fastest-growing in the material informatics market
Based on the technique, the market is segmented into Digital Annealer, Deep Tensor, Statistical Analysis, and Genetic Algorithm. Among these, the digital annealer segment is the largest market due to its ability to solve complex optimization problems in a highly efficient manner.
Digital annealer is a quantum-inspired optimization technique that is well-suited for solving combinatorial optimization problems in various fields, including materials science. The high efficiency of digital annealer enables researchers to quickly identify new materials with desired properties and optimize existing materials, leading to more efficient and effective materials design and discovery.
The statistical analysis segment is the fastest growing in the material informatics market due to its ability to process large amounts of data and extract meaningful insights. Statistical analysis is widely used in materials science for data analysis and interpretation, and is particularly useful for identifying patterns and trends in complex data sets.
With the increasing availability of large data sets in materials science, the use of statistical analysis is becoming increasingly popular for data analysis and interpretation, leading to its rapid growth in the material informatics market.
Application segmentation of Global Materials Informatics Market
Increasing demand for wearable electronics is driving the growth of the electronics segment
Based on application the market is segmented into Chemical Industries, Dyes, Research and Development Agencies, Material Science, Food Science, Electronics, and Paper & Pulp.
Among these, the chemical industries segment is the largest owing to the growing demand for innovative and sustainable chemical products, which is driving the demand for more efficient and effective material discovery and design processes.
The chemical industries segment includes a wide range of applications, such as pharmaceuticals, polymers, and petrochemicals, and it is expected to continue growing in the coming years.
While, the fastest growing segment is the electronics segment. This is due to the increasing demand for new and advanced materials for electronics applications, such as semiconductors, batteries, and display technologies. The electronics segment is highly innovative and constantly evolving, and it is driving the development of new materials and processing techniques.
Additionally, the increasing demand for wearable electronics, electric vehicles, and smart homes is expected to drive the growth of the electronics segment in the coming years.
Regional trends of the Global Materials Informatics Market
North America holds the largest share
Geographically, the global materials informatics market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Among these the North America holds the largest share owing to the presence of major players in the market and the high demand for advanced materials and manufacturing technologies in the region.
North America is home to many leading companies in the material informatics industry, and it has a strong R&D infrastructure, which is driving the growth of the market.
While the fastest growing segment is Asia-Pacific. This is due to the increasing demand for advanced materials and manufacturing technologies in the region, driven by the rapid industrialization and urbanization in countries such as China, India, and Japan.
Additionally, the growing focus on sustainability and the increasing demand for green materials is driving the growth of the materials informatics market in Asia-Pacific. The region is also home to many new and emerging companies in the material informatics industry, and it is expected to continue growing in the coming years.
Key players and market strategies:
The global material informatics market is a highly competitive and rapidly growing market. Companies operating in the market are adopting various growth strategies to increase their market share and maintain their competitiveness. One of the key strategies being adopted is mergers and acquisitions.
Companies are acquiring other companies or entering into strategic partnerships to expand their product portfolio, increase their market presence, and enhance their research and development capabilities.
Another key growth strategy being adopted by companies in the material informatics market is investing in research and development to develop new and innovative materials and processing techniques. Companies are also investing in big data analytics and artificial intelligence (AI) technologies to improve the accuracy and efficiency of the materials discovery and design process.
Additionally, companies are also focusing on expanding their geographic presence and reaching new customers in emerging markets. These growth strategies are helping companies to increase their market share, maintain their competitiveness, and achieve sustainable growth in the long term.
Some of the biggest companies operating in the global materials informatics market are AI Materia, Alpine Electronics Inc., BASF, Citrine Informatics, Exabyte.io, Kebotix, Materials Zone Ltd., Nutonian Inc., Phaseshift Technologies, Schrodinger, and many more.
Global Materials Informatics Market Segmentation:
By Material
- Organic Materials
- Inorganic Materials
- Hybrid Materials
By Technique
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
By Application
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Materials Informatics Market
- Global Materials Informatics Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Materials Informatics Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- Global Materials Informatics Market Analysis and Forecast, by Technique
- Overview and definitions
- Key segment analysis
- Global Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- Global Materials Informatics Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- Global Materials Informatics Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Materials Informatics Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Materials Informatics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- North America Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- North America Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- North America Materials Informatics Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Materials Informatics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- Europe Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- Europe Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- Europe Materials Informatics Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Materials Informatics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- Asia Pacific Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- Asia Pacific Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- Asia Pacific Materials Informatics Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Materials Informatics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- Middle East & Africa Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- Middle East & Africa Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- Middle East & Africa Materials Informatics Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Materials Informatics Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Materials Informatics Market Estimates (US$ Mn), by Material, 2019 – 2032
- Organic Materials
- Inorganic Materials
- Hybrid Materials
- South America Materials Informatics Market Estimates (US$ Mn), by Technique, 2019 – 2032
- Digital Annealer
- Deep Tensor
- Statistical Analysis
- Genetic Algorithm
- South America Materials Informatics Market Estimates (US$ Mn), by Application, 2019 – 2032
- Chemical Industries
- Dyes
- Research and Development Agencies
- Material Science
- Food Science
- Electronics
- Paper & Pulp
- South America Materials Informatics Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Materials Informatics Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- AI Materia
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Alpine Electronics Inc.
- BASF
- Citrine Informatics
- io
- Kebotix
- Materials Zone Ltd.
- Nutonian Inc.
- Phaseshift Technologies
- Schrodinger
- AI Materia
- Conclusion & Recommendations
Frequently asked questions about this report
What is the size of the materials informatics market?
The materials informatics market size was estimated to be US$ 146 Million in 2022.
Who are the winners in the materials informatics market?
AI Materia, Alpine Electronics Inc., BASF, Citrine Informatics, Exabyte.io, Kebotix, Materials Zone Ltd., Nutonian Inc., Phaseshift Technologies and Schrodinger are some of the winners in the market.
What is the Compound Annual Growth Rate (CAGR) of the materials informatics market?
The global materials informatics market is estimated to exhibit a CAGR of 27.3% between 2023 to 2032.
What are the major driving factors in the materials informatics market?
The growth of the material informatics market is driven by several key factors, including advancements in computational materials science and data analytics and the growing need for efficient and sustainable materials design, discovery, and optimization.
Which region holds the largest share of the materials informatics market?
North America holds the largest share owing to the presence of major players in the market and the high demand for advanced materials and manufacturing technologies in the region.
Which application segment is continuously growing in the materials informatics market?
The chemical industries segment includes a wide range of applications, such as pharmaceuticals, polymers, and petrochemicals, and it is expected to continue growing in the coming years.
Which technique is the largest in the materials informatics market?
The digital annealer segment is the largest market due to its ability to solve complex optimization problems in a highly efficient manner.
Which material is the fastest-growing in the materials informatics market?
The hybrid materials is the fastest-growing segment in the materials informatics market. Hybrid materials are materials that combine the properties of two or more different materials to create new materials with unique and improved properties.