Global Material Informatics Market Research Report: By Material Type (Elements and Chemicals), By Application (Chemical & Pharmaceutical, Materials Science, Manufacturing, Food Science, Energy, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The Global Material Informatics Market was valued at USD 128.35 million in 2022, and is estimated to reach approximately USD 531.38 million by 2031, at a CAGR of 17.1% from 2023 to 2031. Material informatics is an interdisciplinary discipline that integrates materials science, computer science, and data science to speed the discovery, design, and development of novel materials. It analyses and predicts the characteristics, performance, and behavior of materials using sophisticated computational methodologies, machine learning algorithms, and data analytics. Material informatics helps researchers to reveal hidden patterns, develop novel materials with desired features, and optimize current materials for specific applications by exploiting massive databases of materials data, including their structures, compositions, and behaviors. This data-driven approach to materials research minimizes the time and expense involved with traditional trial-and-error approaches, opening up new avenues for breakthroughs in industries such as energy, electronics, healthcare, and manufacturing.
MATERIAL INFORMATICS MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
128.35 Mn |
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Projected Market Value (2031) |
531.38 Mn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Material Type, By Application, & Region |
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Segments Covered |
By Material Type, By Application, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Material Informatics Market Dynamics
A primary driver is the growing need for sophisticated materials in industries such as automotive, aerospace, electronics, and healthcare. Material informatics facilitates the development of novel materials with improved qualities and performance, fulfilling these industries' changing demands. Furthermore, the increasing availability of large data, as well as advances in computer power and machine learning methods, are accelerating the development of material informatics. The capacity to rapidly handle and analyze massive volumes of materials data and derive meaningful insights is critical for speeding materials research. Furthermore, the growing emphasis on sustainability, as well as the demand for ecologically friendly materials, is boosting the development of material informatics, since it facilitates the finding of environmentally favorable alternatives.
Global Material Informatics Market Drivers
The growing need for high-performance materials across various industries such as automotive, aerospace, electronics, and healthcare is driving the demand for material informatics. Companies are leveraging advanced analytics and data-driven approaches to discover and develop new materials with enhanced properties, leading to improved product performance and durability.
Restraints:
The availability of diverse material data from different sources often poses challenges in terms of data standardization and interoperability. The lack of standardized data formats hinders the seamless integration and analysis of data, limiting the effectiveness of material informatics solutions. Efforts are being made to establish data standards and develop interoperable platforms to address this challenge.
Opportunities:
Additive manufacturing, also known as 3D printing, offers new possibilities in material design and production. Integrating material informatics with additive manufacturing technologies can unlock opportunities for on-demand, customized materials with tailored properties. This synergy can revolutionize various industries by enabling rapid prototyping, cost-effective production, and design optimization.
Segment Overview
By Material Type
Based on material type, the global material informatics market is divided into elements and chemicals. The element category dominates the market with the largest revenue share of around 47.6% in 2022. The element category has the biggest market share for numerous reasons, including the fact that elements are the fundamental building blocks of materials, making them indispensable in material informatics research and development. Elements have distinct chemical and physical properties that have a direct impact on the features and behavior of materials. As a result, knowing element characteristics and interactions is critical in the design and optimization of novel materials.
By Application
Based on application, the global material informatics market is divided into chemical & pharmaceutical, materials science, manufacturing, food science, energy, and others. The manufacturing category dominates the market with the largest revenue share of around 29.5% in 2022. Advanced materials are significantly used in manufacturing industries such as automotive, aerospace, electronics, and consumer products to improve product performance and functionality. Material informatics is critical in hastening the discovery and development of such materials. Furthermore, material informatics supports the discovery of sustainable and eco-friendly materials, which aligns with the growing emphasis on environmental rules and customer desire for greener products.
Global Material Informatics Market Overview by Region
By Region, the global material informatics market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for 30.8%, of the revenue share in the global market in 2022. The region has a diverse industrial base, including aerospace, automotive, electronics, and energy, which drives the need for new materials and the use of material informatics. Furthermore, the region has been at the forefront of technical advances, notably in computational approaches and machine learning algorithms, both of which are critical for material informatics.
Global Material Informatics Market Competitive Landscape
In the global material informatics market only, few major players dominated the market and have a strong regional presence. These significant players are devoted to continued research and development efforts. They also actively participate in strategic growth initiatives like as product creation, product launches, joint ventures, and partnerships. These organizations intend to pursue these tactics in order to increase their market position and develop their client base in order to acquire a significant portion of the market.
Some of the leading companies in the global material informatics market include Exabyte.io, Mat3ra, Schrodinger, Dassault Systemes, Citrine Informatics, Phaseshift Technologies, Alpine Electronics Inc., Nutonian Inc., BASF, Materials Zone Ltd., Kebotix, and various other key players.
Global Material Informatics Market Recent Developments
In January 2022, Schrodinger has finalized the acquisition of XTAL BioStructures, Inc., a privately held structural biology services firm. This strategic purchase strengthens Schrodinger's ability to develop superior target structures for its drug discovery programs while also broadening its service portfolio to include sophisticated and unique products that provide clients with access to protein structures.
Scope of the Global Material Informatics Market Report
Material Informatics Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Material Type |
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By Application |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global material informatics market segmented by material type, by application, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of material informatics between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global material informatics market
To find out the factors which are affecting the sales of material informatics among consumers
To identify and understand the various factors involved in the global material informatics market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
