State of the Materials Industry - Third Quarter Review

The global market for ceramics is expected to grow from $41.3 billion in 2025 and is projected to reach $62.5 billion by the end of 2030, at a compound annual growth rate (CAGR) of 8.6% during the forecast period of 2025 to 2030.

The global market for high-purity solvents is estimated to grow from $32.7 billion in 2025 and forecast to reach $45 billion by the end of 2030, at a CAGR of 6.6% during the forecast period of 2025 to 2030.

The global market for gallium nitride (GaN) powered chargers is expected to grow from $1.4 billion in 2025 and is projected to reach $3.7 billion by the end of 2030, at a CAGR of 20.8% during the forecast period of 2025 to 2030.

The global chemicals and materials industries are experiencing a period of transition shaped by sustainability imperatives, digital transformation and supply chain realignments. Traditional chemicals and plastics markets are under pressure from stringent environmental regulations, rising energy costs and growing demand for circular economic solutions. At the same time, advanced materials and semiconductor-related chemicals are expanding rapidly due to the proliferation of clean energy technologies, electric vehicles and next-generation electronics. Nanotechnology is increasingly embedded into both materials’ innovation and high-value manufacturing, driving applications in healthcare, energy storage and lightweight composites. Geopolitical shifts have also pushed companies to diversify supply chains, increase regional manufacturing and invest in resilient sourcing strategies.

Besides these structural shifts, digitalization and artificial intelligence (AI) are emerging as critical enablers. Global giants in chemicals and materials are adopting AI for R&D acceleration, predictive maintenance, process optimization and more sustainable product design. Strategic partnerships between chemical majors, semiconductor producers and technology firms are proliferating to codevelop advanced materials with improved performance and lower carbon footprints. Investment is flowing into green chemistry, bio-based materials and advanced recycling technologies, while AI-driven modeling is shortening innovation cycles. Overall, the industry is balancing cyclical challenges in commodity markets with long-term structural growth in specialty chemicals, advanced materials and high-tech sectors, making this a transformative phase for chemicals and materials worldwide.

Quarterly Research Review Scope

The report contains insights into the chemicals and materials verticals, which cover materials and energy and sustainability industries. The materials industry encompasses a broad range of topics, including advanced materials, plastics, chemicals, semiconductors and nanotechnology. The broad coverage of chemicals and materials topics highlights the high-level summary to spark interest among the readers and provides insights related to market dynamics, emerging opportunities, regulatory frameworks, sustainability trends and analysis across diverse industries and trends from secondary sources in the form of a graph/chart/infographic (market size, growth rate, overall deployment, shipment, investment/funding) and their impact on market outlook. For an in-depth study across these verticals, there are various offerings designed to provide coverage that caters to a variety of demands from readers. The range of offerings includes syndicated market research reports, custom market research reports and data reports.