Materials Informatics Market By Material Type(Elements, Chemicals, Others), By Technique(Digital Annealer, Deep Tensor, Statistical Analysis, Genetic Algorithm), By Application(Material Science, Chemical and Pharmaceutical, Food Science, Manufacturing Others), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2024-2033

Report Overview

The material informatics market was valued at USD 188.7 million in 2023. It is expected to reach USD 2,062.7 million by 2033, with a CAGR of 27.8% during the forecast period from 2024 to 2033.

The surge in demand for advanced technologies and innovative materials is one of the main driving factors for material informatics market expansion. Material informatics has evolved from a combination of the cumulative accessibility of material information, high throughout the experimental and computational tactics, first principles, and other advanced materials models and ML.

It is a growing field that takes computational theory and attributes it to material science. Its capability to change the way scientists analyze, formulate, and generate new chemicals is restricted only by the technology available to make use of the information that has been gathered along the way.

Cutting-edge computer science and data methods like ML and advanced statistical analysis make sense only in information-rich industries where the data is comparatively cheap, organized, and abundant. It comprises industries that benefit the most from progress in big data, such as financial services, insurance, and IT. It is only in the last few decades that these techniques have been implemented for the multifaceted information surroundings familiar to materials R&D practitioners. Material informatics, data infrastructure, professional domain knowledge, and AI can enhance the features of new materials.

Material informatics can improve the processes used to develop materials by understanding how different formulations can get the same elements. It also vindicates components used across the portfolio and notifies product development funding decisions by developing likely high-value R&D tasks.

Additionally, by implementing material informatics across the organization, we are holding precious data that was previously held in laboratory notebooks and in the minds of scientists and product developers and sharing it within the organization. Material informatics makes sure that the new projects and verdicts stand on the shoulders of the IT giants.

According to the TDK global press release in May 2023, the TDK organizations have built a unique and original AI data analysis platform, "Aim,” as an integral part of an effort to advance material informatics. Currently, material informatics, which uses AI and big data to enhance the efficacy of material development, has grabbed attention globally.

AIM is a unique and original AI data analysis medium that was created to widely use data analysis technologies accumulated in single departments within the organization so that anyone can utilize them as well as collect high-quality information essential for AI and big data usage. Therefore, the demand for material informatics will increase due to its advanced features and innovations, which will help in market expansion in the coming years.

Materials Informatics Market Dynamics

Accelerating Materials R&D via Informatics

Materials informatics stands at the forefront of revolutionizing research and development in materials science. By enabling rapid screening of thousands of materials, it significantly shortens R&D timelines. This technology uses advanced algorithms to predict material properties and behaviors, thereby identifying potential candidates for specific applications quickly and efficiently. The traditional trial-and-error approach in materials research is being supplanted by this data-driven methodology.

Materials informatics not only accelerates the discovery of new materials but also optimizes the use of existing ones. This acceleration is pivotal in industries where material innovation is key to competitiveness and technological advancement. The long-term implications are profound, as materials informatics is expected to continue driving breakthroughs and fostering innovation across multiple sectors.

Big Data Analytics Transforming Materials Science

The integration of big data analytics in materials science, powered by machine learning and data science techniques, is a game changer. This approach enables the analysis of vast amounts of data from diverse sources, including publications, patents, and experimental results. Materials informatics harnesses this data to extract new insights and develop predictive models.

It allows for the data discovery of patterns and relationships that were previously unattainable, leading to novel material properties and applications. This paradigm shift towards a more data-centric research methodology is transforming how materials science is conducted. Its long-term impact includes the enhancement of innovation, efficiency, and accuracy in materials discovery and development, propelling the field into a new era of data-driven exploration.

Managing Complex Materials Through Informatics

The increasing complexity of engineered materials such as multicomponent alloys, composites, and hybrids is a challenge that materials informatics adeptly addresses. With the rise of these advanced materials comes a need for sophisticated tools to manage and interpret their complexities. Informatics methods provide a systematic approach to organizing, analyzing, and understanding this intricate data. It aids in deciphering complex interdependencies and properties, enabling more effective material design and utilization.

The role of materials informatics in managing complexity is pivotal for industries looking to innovate with advanced materials. Its long-term influence will likely be seen in the continued evolution and optimization of material properties, driving forward industries that rely heavily on material innovations for their products and technologies.

Data Quality Issues Impede Materials Informatics Market Growth

Materials data often come from diverse sources and may vary in quality, completeness, and format. Poor data quality leads to inaccurate models and predictions, undermining the reliability and effectiveness of materials informatics solutions.

For instance, a materials database with missing or incorrect chemical industry compositions can result in flawed insights, leading to costly mistakes in material development and application. The challenge of ensuring high-quality, standardized, and comprehensive data is a major barrier, hindering the adoption and trust in materials informatics technologies.

High Infrastructure Costs Restrain Adoption in Materials Informatics Market

The cost of infrastructure necessary for materials informatics, including specialized high-performance computing, extensive materials databases, and advanced software, demands significant upfront investment. These costs can be prohibitively high, especially for smaller firms with limited capital.

Investing in the necessary technology and platforms without clear and immediate ROI can be a major financial risk. This financial barrier limits widespread adoption and restricts market growth to larger organizations or those with sufficient resources to invest in these technologies. As a result, the market's expansion is slowed, particularly in segments where cost sensitivity is more pronounced.

Materials Informatics Market Segmentation Analysis

By Material Type Analysis

Elements emerge as the dominant segment within the Materials Informatics Market. This dominance is attributed to the fundamental need to understand and manipulate elemental properties for various industrial and scientific applications. Elements, as the basic building blocks of materials, are crucial for developing new compounds, alloys, and other materials with desired properties. A deep understanding of elemental behavior under different conditions is essential for innovations in fields like material science, energy, and nanotechnology.

While Elements lead due to their fundamental importance, Chemicals, and other material types also play significant roles. Chemicals are vital for creating compounds and solutions in industries ranging from pharmaceuticals to manufacturing, and the 'Others' category includes a variety of advanced materials and composites, each with unique properties and applications.

By Technique Analysis

Digital Annealer stands out as the dominant technique in the Materials Informatics Market. Digital Annealer, a technology inspired by quantum phenomena, is used to solve complex material problems rapidly and efficiently. It's particularly effective for finding the optimal combination of elements and compounds to achieve desired material properties. This technique accelerates the discovery and optimization processes, making it invaluable for material development and research.

While Digital Annealer leads due to its advanced capabilities and efficiency, other techniques like Deep Tensor, Statistical Analysis, and Genetic Algorithms are also crucial. Deep Tensor applies deep learning to understand materials at a fundamental level, Statistical Analysis helps in identifying trends and correlations in material data, and Genetic Algorithm is used for optimization and simulation tasks in material development.

By Application Analysis

Material Science emerges as the dominant application in the Materials Informatics Market. The field of material science is inherently focused on discovering and developing new materials with advanced properties for various applications. Materials informatics provides a powerful tool for material scientists to simulate, predict, and analyze the behavior of materials under various conditions, significantly accelerating the research and development process.

While Material Science leads, other applications like Chemical and Pharmaceutical, Food Science, Manufacturing, and Others also benefit from materials informatics. Understanding material properties and behaviors is integral to innovation and quality control in every field, leading to widespread applications of materials informatics.

Materials Informatics Industry Segments

By Material Type

• Elements
• Chemicals
• Others

By Technique

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

By Application

• Material Science
• Chemical and Pharmaceutical
• Food Science
• Manufacturing
• Others

Materials Informatics Market Growth Opportunity

Lightweight Automotive Materials Drive Innovations in Materials Informatics

The demand for lightweight automotive materials presents a significant growth opportunity within the Materials Informatics Market. Automakers increasingly rely on materials informatics to develop and optimize lighter-weight metal alloys and composites. This technology enables the creation of materials that reduce vehicle weight, lower emissions, and improve fuel economy.

For instance, Toyota's use of informatics to cut vehicle body weight by 10% exemplifies how integrating this technology can lead to substantial improvements and market growth. As automotive chemical companies prioritize sustainability and performance, materials informatics is becoming an ever-more essential force behind innovation and efficiency.

Bio-Based and Eco-Friendly Materials Catalyze Growth in Materials Informatics

The push towards bio-based and eco-friendly materials is catalyzing growth in the Materials Informatics Market. Informatics plays a crucial role in enabling the sustainable replacement of plastics and chemicals with bio-based sources like bacteria, plants, and algae, as well as recycled materials.

Key companies like BASF utilizing informatics to create bio-based insulation foam exemplify how this technology can lead to innovative, sustainable materials. As industries and consumers increasingly demand greener products, the application of materials informatics to develop and optimize eco-friendly materials presents a substantial growth opportunity, aligning with global sustainability trends.

Materials Informatics Market Regional Analysis

North America Dominates with 30.5% Market Share in Materials Informatics Market

North America's 30.5% share of the materials informatics market is driven by the region's strong focus on research and development in the materials science sector, combined with significant technological advancements. The United States, being a hub for innovation, hosts numerous leading universities and research institutions dedicated to materials science and engineering.

This academic prowess, coupled with substantial investments from the government and private sector in new material development, fuels the demand for informatics solutions. Furthermore, the region's thriving technology sector provides advanced tools and platforms, facilitating significant growth in materials informatics.

The market dynamics in North America are characterized by a rapid adoption of big data analytics, machine learning, and computational modeling in materials research. These technologies enable scientists and engineers to discover, design, and deploy new materials more efficiently and cost-effectively. The increasing demand for high-performance and sustainable materials across industries such as aerospace, automotive, and healthcare further drives the market. Moreover, collaborations between academia, industry, and government agencies foster a conducive environment for the growth of materials informatics.

Europe: Strong Research Infrastructure and Collaborative Networks

Europe's materials informatics market is driven by a strong research infrastructure and extensive collaborative networks. Due to their commitment to sustainable development and high-performance standards for materials, the region places a heavy emphasis on research in materials science.

The presence of numerous collaborative projects and funding initiatives from the European Union, such as Horizon 2020, fosters innovation and adoption of informatics in materials research.

Asia-Pacific: Rapid Industrialization and Technological Adoption

In Asia-Pacific, the materials informatics market is experiencing rapid growth due to the region's swift industrialization and increasing technological adoption. Countries like China, Japan, and South Korea are making significant strides in materials research and development, applying informatics tools to accelerate discovery and application.

The market in this region is driven by an expanding manufacturing sector and increased demand for advanced materials used in electronics, automotive, and construction applications. As Asia-Pacific continues to focus on technological advancement and improving industrial processes, it's expected to see substantial growth in the materials informatics market.

Materials Informatics Industry By Region

North America

• The US
• Canada
• Rest of North America

Europe

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

Asia-Pacific

• China
• Japan
• South Korea
• India
• New Zealand
• Singapore
• Thailand
• Vietnam
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Materials Informatics Market Share Analysis

In the Materials Informatics Market, an innovative sector combining material science with data analytics, the companies listed are key in driving transformation and technological advancements. Citrine Informatics and Schrodinger are industry leaders, known for their powerful platforms that integrate artificial intelligence and computational modeling to accelerate materials development. Their strategic positioning emphasizes the fusion of data science and material science, significantly influencing research and development efficiency.

Dassault Systemes and BASF are prominent players with broad technological and chemical segment expertise, reflecting the industry's shift towards more integrated and predictive development processes. Exabyte.io and Mat3ra offer specialized software solutions, catering to the needs of researchers and engineers for accessible high-performance computational tools.

Materials Zone Ltd. and AI Materia, with their focus on materials data and AI-driven insights, play crucial roles in uncovering new material properties and applications, showcasing the market's potential for discovery and innovation. Nutonian Inc. and Phase Shift Technologies, though smaller compared to some global giants, provide niche analytics and modeling solutions, demonstrating the industry's adaptability and depth.

Materials Informatics Industry Key Players

• Citrine Informatics
• Schrodinger
• Exabyte.io
• Materials Zone Ltd.
• Dassault Systemes
• Nutonian Inc.
• Phaseshift Technologies
• Mat3ra
• BASF
• AI Materia
• Kebotix
• Alpine Electronics Inc.

Materials Informatics Market Recent Development

• In December 2023, Albert Invent has announced $7.5 million in seed funding. Index Ventures led the investment in Albert Invent, whose platform is already helping thousands of scientists worldwide dramatically expedite time to market.
• In September 2023, NobleAI, a pioneer in Science-Based AI solutions for Chemical and Material Informatics, today announced the general availability of its offerings on Microsoft's Azure Marketplace. Solutions now available on the popular online store include NobleReactor, NobleBattery, and NobleChemistry.
• In January 2023, Schrodinger was able to complete the acquisition of XTAL BioStructures, Inc. A privately-owned firm that specializes in structural biology solutions. This strategic acquisition increases Schrodinger's ability to create superior targets to support its drug discovery programs and broadens the scope of its services to include innovative and exclusive products, providing customers with access to proteins with structures.

Report Scope