Materials informatics is the application of data-driven methods, including machine learning techniques, to the field of materials science. This important part of the digital transformation toolbox for the materials industry has wide-ranging benefits, but the ability to enhance the sustainability of materials and their manufacturing processes could be the most impactful of these.
While interviewing materials informatics industry insiders for its report, ‘Materials Informatics 2023-2033’, IDTechEx found that decarbonization efforts are a growing driver for adopting these technologies and processes. This, alongside the fact that materials informatics helps organizations to save money while accelerating materials innovation, is a contributing factor to IDTechEx’s prediction that the market for the provision of external materials informatics services will grow at 13.7% CAGR to 2033.
