Materials Informatics Market Set to Surge to $1,313.4 Million by 2032 with a 26.9% CAGR

ALAMO, Calif. - July 23, 2024 - PRLog -- The global Materials Informatics Market Report According to the latest research, the Materials Informatics Market, valued at USD 155.7 million in 2023, is set to expand exponentially, reaching USD 1,313.4 million by 2032. This remarkable growth trajectory reflects a robust compound annual growth rate (CAGR) of 26.9% from 2024 to 2032.

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Key Findings from the Report

• Market Growth: The global materials informatics market is projected to achieve a market size of USD 1,313.4 million by 2032, demonstrating a CAGR of 26.9% over the forecast period.
• Regional Insights: In 2023, North America held a substantial market share valued at approximately USD 57.6 million. However, the Asia-Pacific region is expected to witness the highest growth rate, with a CAGR exceeding 28% from 2024 to 2032.
• Segment Analysis: In 2023, the inorganic materials sub-segment accounted for around 40% of the market share. Furthermore, the deep tensor technique emerged as a leading method in the field, representing approximately 44% of the market share.

Emerging Trends and Drivers

1. Integration of Advanced Technologies: The increasing integration of model-based design, simulation, and theory with advanced manufacturing techniques is a significant trend fueling the demand for materials informatics. These technologies are pivotal in optimizing material properties and performance, reducing time-to-market, and minimizing costs.
2. Growing Demand for Customization: Industries are increasingly seeking tailored material solutions to meet specific performance requirements, driving the adoption of materials informatics tools that offer customized, data-driven insights.
3. Expansion in End-Use Industries: The rising application of materials informatics across various sectors, including aerospace, automotive, electronics, and healthcare, is contributing to market growth. These industries benefit from enhanced material design, improved durability, and innovative solutions enabled by informatics tools.

Material Informatics Market Segmentation

Materials Informatics Market By Material

• Inorganic Materials
• Organic Materials
• Hybrid Materials

Material Informatics Market By Technique

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

Material Informatics Market By Application

• Dyes
• Chemical Industries
• Research and Development Agencies
• Food Science
• Material Science
• Paper & Pulp
• Electronics

Competitive Landscape

Some of the top materials informatics companies offered in our report includes AI Materia, Alpine Electronics Inc, Alloyed, BASF, Citrine Informatics, Dassault Systèmes, Exabyte.io, Hitachi High-Tech, Kebotix, Mat3ra, MaterialsDesign, Noble.AI, Nutonian Inc, Phaseshift Technologies, Schrödinger, Tilde Materials Informatics.

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