Why we need next-gen materials
$2.3 billion has been invested in next-gen materials since 2015
We calculated that a total of $2.3 billion has been invested in next-gen materials since 2015, and the investment amount in 2021 more than doubled that in 2020. Even amid Covid-19, the capital invested in 2021 alone nearly equaled that of the previous 4 years combined.
We estimate the global wholesale market size for next-gen materials will be approximately 2.2 billion USD in 2026, representing a three percent share of an addressable market of over $70 billion.