Material Informatics Market by Technique (Statistical Analysis, Genetic Algorithm, Deep Tensors, Digital Annealers), Elements (Metals, Alloys), Chemicals (Dyes, Polymers, Biomolecules), Application (Chemical, Pharmaceutical) - Global Forecast to 2028
Updated on : March 03, 2023
[201 Pages Report] The material informatics market size is anticipated to grow from USD 129 million in 2023 to USD 276 million by 2028, at a CAGR of 16.3% from 2023 to 2028.
Rising requirements for innovative materials to reduce design and manufacturing costs, time, and related risks in the manufacturing ecosystem and surging demand of material informatics in R&D activities in various fields, including chemical & pharmaceutical, materials science, and manufacturing for innovative material development are some of the significant factors surging the growth of material informatics market.
Material Informatics Market Forecast to 2028
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The market growth for the material informatics market will show a significant upsurge due to its various applications in chemical & pharmaceutical, materials science, manufacturing, energy, and food science. With the help of material informatics software, it has become possible for researchers, academicians, and material experts to understand a spectrum of material properties, combinatorial chemistry, process modeling, materials property databases, materials data management and product life cycle management. Hence various software vendors and providers are adopting different strategies, including deals such as acquisitions, partnerships, collaborations, sales contracts and developments such as product launches as well as product enhancements. All these factors are propelling the growth of material informatics market.
Market Dynamics
Driver: Rising use of AI in materials science
Materials science and development are emerging fields wherein scientists and engineers are engaged in conducting deep research on several materials, such as metals, alloys, chemicals, fibers, and ceramics, used in many applications, including aerospace, automotive, chemical, pharmaceutical, and electronics. Initially, the traditional trial-and-error method was used for material identification, selection, and discovery. This method was inefficient and time-consuming since studying materials through the trial-and-error method could not categorize them efficiently. Thus, material selection and optimization processes were complicated. Therefore, businesses started implementing AI to automate material research, identify data patterns, and make better and prompt decisions to simplify these processes.
Restraint: Shortage of technical resources
It is critical to get experts with the required skill set to understand and incorporate materials informatics into necessary applications comfortably. These essential skills include math and statistics to understand protocols for handling different types and sizes of data and databases to help store and collect materials. Thus, the system must be implemented more accurately, from integration to installation. Slight mishandling or inaccuracy in parameter detection may lead to an inefficient analysis process. This may also compromise the quality of R&D needed for any material development. Further, with constant technological advances due to the rising adoption of AI and automation, the material informatics system requires intermittent software upgrades. This requires periodic workforce training to handle the updated system efficiently.
Opportunity: Growing popularity of cloud-based data analytics platforms to analyze materials
The rising popularity of cloud-based data analytics platforms has led to significant advances in material research and informatics. The accelerated use of materials informatics is due to the rapid progress in cloud-based data management frameworks and supercomputing advances. The cloud-based platform provides various benefits, such as cost-effectiveness, reduced analysis time, real-time analysis, easy accessibility to data analysis platform, and the ability to customize the platform according to research topics and data formats. Additionally, cloud-based material informatics platforms do not require any upfront capital investments for hardware, with a minimum requirement of IT staff, and provide rapid and secure data transfer within the organizations. All these benefits are expected to provide an opportunistic environment for vendors of material informatics platforms.
Challenge: Lack of prescribed standards and regulations
Although material informatics platforms have been around for more than two decades, there are several issues related to their integration and implementation. Various attempts are made by associations such as the IQ Consortium (International Consortium for Innovation and Quality in Pharmaceutical Development) to introduce new interfaces and data management standards to facilitate the integration of these systems. However, the lack of integration standards is a major concern in the material informatics field, and there is very little evidence of emerging universal solutions. This is a major barrier to the greater adoption of these solutions among prospective end users. Currently, with no unified strategy, various application areas such as chemical & pharmaceutical, materials science, and manufacturing are largely continuing to follow conventional procedures regardless of the efficiency of these processes.
Elements segment is expected to have the largest size of the material informatics market during the forecast period.
The elements segment is expected to account for the largest share of the material informatics market during forecast period. Several elements, mainly metals, are used in several applications, including materials science, manufacturing, food science and energy. It is necessary to analyze mechanics, metallography, the strength of materials, structural properties, and elemental formulations to optimize a material or even develop a novel element. Using trial and error or synthesis methods can be exhaustive and inefficient during material optimization or discovery processes. Material informatics software plays a key role in simplifying the element development and analysis processes.
The market for materials science application to register at the highest CAGR from 2023 to 2028.
The materials science application is projected to register the highest CAGR in the materials informatics market during the forecast period. Material informatics techniques can be used in materials science applications to assist the discovery and development of new materials. In materials science, a spectrum of materials and nanotechnology is involved. This increases the complexity of computation problems in materials science. Furthermore, this field witnesses the continued research on new materials with specific desired functions. Hence, different materials, modeling techniques, simulation tools, and physics-based and machine-learning models are used in this field to simplify material innovation, management, and optimization processes.
Material Informatics Market by Region
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The material informatics market in Asia Pacific to grow at the highest CAGR during the forecast period.
The rapid growth of manufacturing, including automotive and electronics & semiconductor, chemical & pharmaceutical, food science, and energy in emerging economies of China, Japan, and South Korea is expected to boost the material informatics market in the region. Moreover, governments in the Asia Pacific countries are increasingly emphasizing on materials R&D, which can be achieved by implementing material informatics software. The material informatics market is witnessing rapid growth in countries such as China and Japan owing to the increasing investments of automotive, electronics & semiconductors OEMs and battery industries that are focused on R&D in new innovative materials. For instance, BASF's advanced materials and systems research technology platforms are located across China, Japan, and South Korea. The company has more than 1,200 research and development personnel across the region, with capabilities across all material technology platforms.
Key Market Players
The material informatics market’s players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, partnerships, and acquisitions, to strengthen their offerings in the market. The major players in the market Mat3ra (US), Schrödinger (US), Dassault Systèmes (France), Citrine Informatics (US), Phaseshift Technologies (Canada) among others.
The study includes an in-depth competitive analysis of these key players in the material informatics market with their company profiles, recent developments, and key market strategies.
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- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Years considered |
2019–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD) |
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Segments covered |
Material Type, Application and Region |
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Regions covered |
North America, Asia Pacific, Europe, and Rest of the World |
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Companies covered |
Mat3ra (US), Schrödinger (US), Dassault Systèmes (France), Citrine Informatics (US), Phaseshift Technologies (Canada) among others are the top five players in the material informatics market globally. A total of 25 players covered. |
Material Informatics Market Highlights
In this report, the overall material informatics market has been segmented based on material type, application and region.
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Aspect |
Details |
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By Material Type |
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By Application |
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By Region |
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Recent Developments
- In December 2022, Materials Design announced the release of MedeA 3.6, the next version of its MedeA software package, to accelerate material development and innovation at an atomic scale. The company added new features and upgraded various modules in the software package, including engines, property modules, flowcharts, builders and editors, and other analytical tools.
- In November 2022, Morrow, an industrial battery technology company, signed an agreement with Citrine Informatics to utilize the Citrine Platform for Material Informatics and artificial intelligence (AI)-guided battery development.
- In January 2022, Schrödinger acquired XTAL BioStructures, Inc., a private company that provides structural biology services. The acquisition of XTAL BioStructures enabled Schrödinger to augment its ability to produce high-quality target structures for its drug discovery programs and expand its offerings to include advanced and differentiated services that provide customers with access to protein structures.
Frequently Asked Questions (FAQ):
What is the market size of the material informatics market expected in 2023?
The material informatics market is expected to be valued at USD 129 million in 2023.
What is the total CAGR expected to be recorded for the material informatics market during 2022-2027?
The global material informatics market is expected to record a CAGR of 16.3% from 2023–2028.
Which are the top players in the material informatics market?
The major vendors operating in the material informatics market include Mat3ra (US), Schrödinger (US), Dassault Systèmes (France), Citrine Informatics (US), Phaseshift Technologies (Canada).
Which major countries are considered in the North American region?
The report includes an analysis of the US, Canada and Mexico countries.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The study involves four major activities for estimating the size of the material informatics market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the material informatics market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.
Secondary Research
Secondary sources referred to for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated through primary research.
Primary Research
Extensive primary research has been conducted after gaining knowledge about the current scenario of the material informatics market through secondary research. Several primary interviews have been conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data has been collected through questionnaires, e-mails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the material informatics market and other dependent submarkets listed in this report.
- The key players in the industry and markets have been identified through extensive secondary research.
- Both the supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives:
- To describe and forecast the material informatics market size based on type and industry in terms of value.
- To describe and forecast the market size of various segments for four regions—North America, Asia Pacific, Europe, and Rest of the World (RoW), in terms of value.
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To study the material informatics market value chain and analyze the current and future market trends.
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments in the market
- To strategically profile the key players and comprehensively analyze their market positions in terms of their rankings and core competencies2, along with a detailed competitive landscape for the market leaders.
- To analyze the strategic approaches adopted by players in the material informatics market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:
Company Information
- Detailed analysis and profiling of additional five market players
How material discovery, material development and material optimization in is going to impact the material informatics market?
Material discovery, development, and optimization are driving the growth of the material informatics market. Here are a few ways in which these processes are impacting the market:
Accelerating the discovery of new materials: By leveraging machine learning and data analytics, material informatics can help scientists and researchers quickly identify promising new materials. This can accelerate the discovery process and help bring new materials to market faster.
Improving material performance: Material informatics can be used to optimize the performance of existing materials by identifying new processing techniques or additives that can improve their properties. This can lead to more efficient and cost-effective materials that can be used in a wide range of applications.
Enabling new applications: By discovering and developing new materials, material informatics can enable new applications and technologies. For example, new materials with unique properties may enable the development of more efficient batteries, lightweight composites, or more durable coatings.
Reducing R&D costs: Material informatics can also help reduce the time and cost of R&D by enabling more efficient experimentation and data analysis. This can help companies bring new materials and products to market faster and more cost-effectively.
Outlook and Growth Material Informatics and Material discovery Market
The material informatics and material discovery markets are expected to see significant growth in the coming years. Here are a few factors that are driving this growth:
Increasing demand for advanced materials: With the rise of new technologies such as electric vehicles, renewable energy, and 5G networks, there is a growing need for advanced materials with unique properties. Material informatics and discovery can help identify and develop these materials more quickly and efficiently.
Technological advancements: The development of machine learning, artificial intelligence, and big data analytics has enabled researchers to analyse and model vast amounts of data in a way that was not possible before. This has greatly accelerated the material discovery process and opened up new possibilities for material informatics.
Cost and time savings: Material informatics can help reduce the time and cost of R&D by enabling more efficient experimentation and data analysis. This can help companies bring new materials and products to market faster and more cost-effectively.
Increasing government investment: Many governments around the world are investing in material informatics and discovery research, recognizing its potential to drive economic growth and innovation.
Growing demand for sustainability: There is a growing demand for sustainable materials and processes, and material informatics can help identify and develop more environmentally friendly materials and production techniques.
Some futuristic growth use-cases of material development market
Energy storage: The demand for more efficient and longer-lasting energy storage solutions is driving the development of advanced materials such as solid-state batteries and flow batteries.
Lightweight materials: The automotive and aerospace industries are seeking lightweight materials that can reduce fuel consumption and emissions while maintaining strength and durability. Advanced composites and alloys, as well as new materials such as graphene and carbon nanotubes, are being developed for these applications.
Smart materials: Materials that can sense, respond, and adapt to their environment are being developed for a range of applications, from self-healing coatings to shape-memory alloys for use in robotics and medical devices.
Wearables and medical devices: Advanced materials such as biocompatible polymers and nanomaterials are being developed for use in wearable and implantable medical devices, as well as for drug delivery systems.
Sustainable materials: With the growing demand for sustainability, the development of materials from renewable resources and recycled materials is becoming increasingly important. Materials such as bioplastics, recycled plastics, and bio-based materials are being developed for a range of applications.
Growth Opportunities and Key Challenges for material optimization in the Future
Growth Opportunities:
Advanced analytics and machine learning: Machine learning and advanced analytics can help researchers analyse vast amounts of data to identify patterns and optimize materials more efficiently.
Additive manufacturing: Additive manufacturing techniques such as 3D printing can enable the production of complex geometries and structures, which can enhance the properties of materials.
Emerging materials: The development of new and emerging materials, such as graphene, carbon nanotubes, and other nanomaterials, offers new opportunities for material optimization and enhanced properties.
Sustainable materials: The growing demand for sustainable materials and production techniques is driving the development of new materials and optimization strategies that are environmentally friendly.
Cross-industry collaboration: Collaboration between industries can help accelerate the development and optimization of materials by leveraging knowledge and expertise from different fields.
Key Challenges:
Data availability: The quality and quantity of data available for material optimization can be a challenge, as data is often dispersed across different sources and may not be standardized.
Cost and time: The cost and time required for material optimization can be significant, especially for complex materials and processes.
Intellectual property: The protection of intellectual property can be a challenge in the material optimization market, as new materials and processes may be subject to patent protection.
Regulatory challenges: The development and optimization of materials can be subject to regulatory challenges, especially in highly regulated industries such as pharmaceuticals and medical devices.
Material complexity: The complexity of materials and their properties can make optimization challenging, as the relationship between the properties and the underlying structure of the material can be difficult to understand and model.
Top Companies in Material discovery
The material discovery market is comprised of several companies developing and commercializing new technologies and approaches for the discovery and optimization of materials. Some of the top companies in this field include Schrödinger, Citrine Informatics, Materials Design, Inc., Novomer, Nanomechanics, Inc., and Rigaku Corporation. These companies use a range of computational, analytical, and experimental methods to accelerate the discovery and design of new materials, and to optimize their properties for a wide range of applications.
Growth opportunities and latent adjacency in Material Informatics Market