State of the Materials Industry to Reach $87.6 Billion in Advanced Chip Packaging Alone by 2030, Driven by AI, Electrification, and Next-Generation Manufacturing Demand
The global materials industry is undergoing structural transformation driven by AI infrastructure build-out, electrification, and regulatory pressures. Advanced chip packaging is forecast to grow from $38.6 billion in 2024 to $87.6 billion by 2030, with Asia-Pacific dominating the market. Key growth drivers include AI compute requirements, EV battery demand for graphite, and government incentives like the U.S. CHIPS Act and India's Semiconductor Mission.