2022 State Of The Industry Report: Next-Gen Materials

Feb 16, 2023

2022 State of the Industry Report Hero Photo
Next-gen material companies raised at least US$456.75 million from 28 publicly disclosed deals in 2022. The 2022 State of the Industry Report: Next-gen Materials highlights the investments, innovation, and industry partnerships that significantly impacted the next-gen materials industry in 2022.

Snapshot of the state of the next-gen materials industry in 2022:

Last year represented a more challenging investment atmosphere for the next-gen materials industry than 2021. However, looking at the 10-year track from 2013 to 2022, the capital invested and the number of deals has continued their upward momentum. Along with the increase in investments, the innovator landscape too continued to expand in 2022. The number of companies focused exclusively on developing next-gen materials rose to 102.
The report also sheds light on the 2022 media crackdown on greenwashing claims by materials companies and brands. It highlights an urgent need for a multi-stakeholder coalition that can develop collaborative solutions for evaluating next-gen materials’ environmental impacts, help implement these solutions, and preempt incomplete, negative conclusions made by media sources.

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