Press release
AI in Chemical & Material Informatics Market worth $89.29 billion by 2030, growing at a CAGR of 39.46% - Exclusive Report by 360iResearch
AI in Chemical & Material Informatics Market | 360iResearch
The Global AI in Chemical & Material Informatics Market to grow from USD 8.69 billion in 2023 to USD 89.29 billion by 2030, at a CAGR of 39.46%.
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Artificial intelligence (AI) within the context of chemical and materials informatics pertains to the application of machine learning and predictive modeling to solve complex problems in the chemical and materials science industries. This stream converges the novel and powerful computational methodologies under AI to study, understand, and predict the properties of chemicals and materials. Main growth catalysts in this market encompass technological developments along with a heightened need for operational efficiency. The troves of data from the chemical and material industry instigates efficient data management practices, bolstering the market's growth. However, the high investment costs, a dearth of skilled professionals, AI reliability skepticism, alongside data security and privacy concerns are distinct challenges that impede market growth. Additional market opportunities include the burgeoning use of robotics and autonomous systems in research and manufacturing, opening doors for further AI integration. The acceptance of cloud-based solutions also fosters new prospects for AI service providers and software companies in the chemical and material sector.
The Americas AI in chemical & material informatics market shows a remarkable trend owing to the region's technological advancements and dynamic innovation ecosystem, where the United States majorly contributing to adopting AI technologies and investing heavily in R&D. Additionally, regions's growing focus on industrial diversification is pushing for AI utilization across its chemical and materials industry. The EMEA region presents robust growth in the application of AI in chemical and material informatics market. Major European countries such as France, Germany, and the UK are spearheading the digital transformation drive in the chemical industry. The Middle East is leveraging AI potential, particularly in the oil and gas sector, while Africa's market, though nascent, is showing promising signs owing to growing digital literacy and infrastructure development. In the APAC region, a burgeoning tech scene and increased investments in AI are driving considerable growth. With emerging economies employing AI in every industrial sector, including the chemical industry, and booming digital economies, the APAC region is poised to significantly expand AI applications within Chemical and Material Informatics.
Market Segmentation & Coverage:
This research report categorizes the AI in Chemical & Material Informatics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Services and Software. The Software is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Computer Vision, Machine Learning, and Predictive Analytics. The Machine Learning is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across Cloud and On-premise. The Cloud is projected to witness significant market share during forecast period.
Based on Application, market is studied across Material Discovery & Experimentation, Material Manufacturing, and Quality Control & Assurance. The Material Discovery & Experimentation is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Battery & Energy Storage, Chemicals, Metals & Mining, Pharmaceuticals, Polymer & Plastics, and Semiconductor. The Pharmaceuticals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.37% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the AI in Chemical & Material Informatics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the AI in Chemical & Material Informatics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the AI in Chemical & Material Informatics Market, highlighting leading vendors and their innovative profiles. These include AI Materia, Ansatz AI, Bytelab Solutions SL. All, Chemical.AI, Citrine Informatics, Dassault Systèmes SE, ENEOS Corporation, Enthought, Inc., Fujitsu Limited, Hitachi High-Tech Corporation, International Business Machines Corporation, Kebotix, Inc., Mat3ra, Materials.Zone Ltd., Mitsubishi Chemical Holdings Corporation, Noble Artificial Intelligence, Inc., PerkinElmer Inc, Phaseshift Technologies Inc., Polymerize Private Limited, Schrödinger, Inc., Sumitomo Chemical Co., Ltd., TDK Corporation, Tilde Materials Informatics, Toray Industries, Inc., and Uncountable Inc.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AI in Chemical & Material Informatics Market, by Offering
7. AI in Chemical & Material Informatics Market, by Technology
8. AI in Chemical & Material Informatics Market, by Deployment
9. AI in Chemical & Material Informatics Market, by Application
10. AI in Chemical & Material Informatics Market, by End-Use
11. Americas AI in Chemical & Material Informatics Market
12. Asia-Pacific AI in Chemical & Material Informatics Market
13. Europe, Middle East & Africa AI in Chemical & Material Informatics Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the AI in Chemical & Material Informatics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AI in Chemical & Material Informatics Market?
3. What is the competitive strategic window for opportunities in the AI in Chemical & Material Informatics Market?
4. What are the technology trends and regulatory frameworks in the AI in Chemical & Material Informatics Market?
5. What is the market share of the leading vendors in the AI in Chemical & Material Informatics Market?
6. What modes and strategic moves are considered suitable for entering the AI in Chemical & Material Informatics Market?
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