Materials Informatics Market (By Material: Organic Materials, Inorganic Materials, and Hybrid Materials; By Technique: Digital Annealer, Deep Tensor, Statistical Analysis, and Genetic Algorithm; By Application: Chemical Industries, Dyes, Research & Development Agencies, Material Science, Food Science, Electronics, and Paper & Pulp) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030


The global materials informatics market size was valued at USD 108.6 million in 2021 and is expected to reach over USD 1012 million by 2030, growing at a CAGR of 26.74% from 2022 and 2030.

Materials informatics is a branch of informatics that aims to improve the knowledge, usage, selection, development, and discovery of materials by applying informatics ideas to materials science and engineering. This is a new field with the goal of achieving high-speed and reliable capture, management, analysis, and dissemination of various materials data in order to drastically reduce the time and risk involved in developing, producing, and deploying new materials, which can take more than 20 years.

Materials Informatics Market Size 2022-2030

Some of the major trends and growth factors that govern the market growth of materials informatics are discussed below:

  • Increasing integration of material informatics and Artificial Intelligence (AI): Artificial Intelligence (AI) has proved to be boon in the research & development industry as it helps to analyze the 3-dimentional concept of the material without actually being developed. In addition, the rising penetration of AI across various industries particularly in the electronics, pulp & paper, food science, chemical, dyes, and many other industries likely to propel the market growth for material informatics in the coming years. Further, several startups are raising their funds for the integration of material informatics and AI in order to capture the upcoming market opportunities and to strengthen their footprint in the global market again anticipated to accelerate the market revenue during the forthcoming years.
  • Rising penetration of data mining and machine learning in the material informatics field: Data mining has revolutionized the material science sector and open up new and alluring opportunities in the near future. Further, ongoing developments in the new data mining concepts for different types of materials data along with the proliferation of material property databases, this expected to have a continued impact on material design. In addition, the rising penetration of data mining and machine learning technologies in the material informatics market predicted to further drive the market growth to new heights of achievements.

Scope of the Materials Informatics Market

Report Coverage Details
Market Size in 2021 USD 108.6 Million
Growth Rate from 2022 to 2030  26.74%
Revenue Projection by 2030 USD 1012 Million
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Companies Mentioned Exabyte.io, Alpine Electronics Inc., Phaseshift Technologies, Nutonian Inc., Schrodinger, Citrine Informatics, Materials Zone Ltd., BASF, Kebotix, AI Materia

 

Segment Review:           

  • By Material: Inorganics materials dominated the global material informatics market with the highest revenue share of approximately 50% in the year 2020. This is mainly attributed to the high dependence of several large industries such as electronics, chemicals, food, paper, and many other industries on the inorganics materials. On the other hand, hybrid materials witness stupendous growth rate over the forecast time frame owing to increasing consumer tilt towards organic as well as hybrid product that are eco-friendly and also more compatible with the industry.
  • By Application: Electronics application capture notable revenue share in the global material informatics market and registers strong growth during the forecast period owing to significant investments made by the electronics industry market players on upgrading the products as well as on the development of new technologies. Increasing application of advanced materials in the electronics industry in order to support miniaturization and flexibility in the devices has provided significant traction to the material informatics market growth in the near future.

Geography Review:

The global materials informatics market was valued at US$ 108.6 million in the year 2021 and registered a CAGR of 29.2% during the forecast time period.

  • Leading Market: North America held the majority of market revenue share in the global material informatics market in the year 2020 because of the increasing investments in the field of material science and analysis along with rising research & development activities across various sectors such as electronics, chemicals, and many others. Further, the region being a technology leader also leads in the implementation of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), big data, and data analytics. Integration of AI, ML, and data science have opened up new paradigm for the future market prospects.
  • Fastest Growing Market: The Asia Pacific emerged as the fastest growing region during the forthcoming years owing to the rapid development across the technology integration sector. AI, ML, and big data are ought to be the fastest growing technologies in the region as well as their penetration in the electronics industry has also created alluring opportunities for the market players during the forecast time frame.

Material Informatics Market Share, By Region, 2020 (%)

Region 2020 (%)
North America 36.9%
Europe 28.5%
Asia Pacific 25.4%
Latin America 5.2%
Middle East & Africa 3.9%

Market Competition and Players Analysis:

The industry players in the global materials informatics market experience intense competition among each other owing to the presence of large number of players at both regional as well as global level. In addition, these players are significantly involved into the technology integration with material informatics in order to achieve new heights of information and research in the sector.

Key market players:

  • Exabyte.io
  • Alpine Electronics Inc.
  • Phaseshift Technologies
  • Nutonian Inc.
  • Schrodinger
  • Citrine Informatics
  • Materials Zone Ltd.
  • BASF
  • Kebotix
  • AI Materia

COVID-19 Impact Analysis:

The spread of COVID-19 in the start of the year 2020 has upended the operation and future scope of several industries including material science and research. As the focus of the research shifted towards the COVID-19 virus and other sectors were impacted because of this. In addition, halt in the manufacturing process along with the country lockdown has negatively impacted the research sector across various industries that again hampered the market growth of material informatics market as well.

  • The A4M community’s response to the COVID pandemic:

Materials-related platforms and organizations have expanded or amended their short and mid-term strategic goals in response to the COVID pandemic's challenges. The A4M community has compiled a non-exhaustive list of instances of these responses.

The European Technology Platform for Advanced Materials and Technologies, EUMAT, published the EUMAT RoadMap, the RD Priorities in Advanced Materials, the EuMat Position Paper, and a document emphasizing the importance of "Materials Made in Europe" with the message that "Advanced Materials are essential" prior to the COVID crisis, anticipating the demands of the COVID crisis. EUMAT and the Alliance for Materials (A4M) released an important Memorandum signed by 242 institutions, as well as the "Alliance for Materials Position Paper," explaining the role of materials in the Green Deal and Digital Age, as well as the need and capacity of the materials community to provide solutions for Materials for Tomorrow. As a reaction to the COVID-19 issues, EUMAT-A4M has gathered project ideas and proposals. The research needs for enhanced surfaces, safe materials, testing methodologies, modelling and data integration, materials for digitalization, the circular economy, and resilience are described in the ANNEX of this publication.

  • Solutions for the challenges of the Post-COVID19 society

The Materials community supports the European Green Deal and EU advances in digitization, science and technology integration education, and it offers a range of solutions to address social, societal, and economic concerns arising from or exacerbated by the epidemic.

COVID-19 has had a significant impact on the creation of contemporary solutions to address societal concerns, prompting discussion of a new global economic model in which the "circular economy" will play a vital role. The circular economy aims to preserve a product's usefulness as high as feasible while removing design waste from the system. It advocates for a shift away from consumerism and ownership toward sharing and use. Companies must build new interactions with their consumers, suppliers, and the value chain's extremes as a result of the advent of circular economy business models. As a foundation for materials management, it is built on connectivity and interaction. A circular business model was demonstrated to provide resilience to enterprises during the COVID-crisis, allowing them to more readily react and adapt to unexpected events. Digital technologies can help with the transition from a linear to a circular economy by: a) enhancing end-of-life management practices, predictive and condition-based maintenance, or enabling new business models such as product-service systems; b) enhancing end-of-life management practices, predictive and condition-based maintenance, extending product lifetime, or enabling new business models such as product-service systems. The incorporation of functional electronics into products has the potential to extend the useful life of materials and products, reduce resource use and waste by increasing resource efficiency, reducing waste generation at the production and use stages, and improving material and product repair (including self-healing), remanufacturing, recovery, reuse, and recycling. The digital circular economy's major principles include blockchain, machine learning, and digital twins. The introduction of digital technologies into the production system will be required for their application.

Materials recovery and waste re-/upcycling technologies are required, as are residue-safe solutions. Materials that have been repurposed, redesigned, or reshaped will benefit from additive manufacturing technology. Recycling various materials components in order to develop competitive, highly customized products at lower production costs can lead to new business opportunities. Gaining experience and knowledge in additive manufacturing could have a huge impact on the quick production of protective equipment to address crucial shortages in hospitals.

Analyst View:

The global material informatics market is highly competitive and opportunistic but still at its nascent phase. Increasing investment from established as well as startups have accelerated the pace of the market. Further, rising integration of advanced technologies such as ML and AI anticipated to again drive the market growth at a rapid rate during the forthcoming years.

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 Regional Outlook

  • North America
    • US
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current market size of the global materials informatics market?
According to Precedence Research, the global materials informatics market size was reached at USD 108.6 million in 2021 and is projected to surpass over USD 1012 million by 2020.
The global materials informatics market is expected to drive growth at a CAGR of 26.74% between 2022 and 2030.
The leading players in the global materials informatics market are Exabyte.io, Alpine Electronics Inc., Phaseshift Technologies, Nutonian Inc., Schrodinger, Citrine Informatics, Materials Zone Ltd., BASF, Kebotix, AI Materia.
The increased innovations in artificial intelligence driven solutions from other industries is due to the factors such as technological advancements, massive advancements in data infrastructures, and improved awareness and understanding of technologies.
North America dominated the global materials informatics market with the highest revenue share in the year 2020 owing to high technology penetration rate in the region.
The Asia Pacific anticipated to register the fastest growth rate over the forthcoming years due to rising internal research & development activity in the Asian companies.
  • Report Code:1484
  • Category:ICT
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published

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