Energy Shift
The Future Value of Disruptive Materials
The following content is sponsored by Global X ETFs
The Briefing
- By 2030, the collective market for disruptive materials is expected to reach over $800 billion
- Copper is the largest market while lithium is the fastest growing
The Future Value of Disruptive Materials
A select number of materials have a critical role to play in the expansion of next generation technologies. This could lead to a surge in demand and a potential soaring of market values for each material as a result.
This graphic from Global X ETFs takes a closer look at the forecasted market value for 12 disruptive materials, which are seeing increasingly large climate investment.
Soaring Market Values
The materials highlighted are each a billion dollar market in their own right. But which has the largest projected future market value?
Copper is one of the largest and most mature markets from this group. And as a result sees a lower projected compound annual growth rate (CAGR).
Disruptive Material | Projected Market Value ($B) | CAGR (over forecast period) |
---|---|---|
Copper | $394.0B by 2029 | 4.2% (2021-2029P) |
Lithium | $191.0B by 2028 | 23.3% (2021-2028P) |
Nickel | $59.0B by 2028 | 7.3% (2021-2028P) |
Zinc | $49.6B by 2027 | 4.0% (2021-2027P) |
Manganese | $42.0B by 2027 | 7.4% (2019-2027P) |
Cobalt | $17.3B by 2029 | 12.5% (2021-2029P) |
Rare Earth Metals | $15.4B by 2030 | 9.1% (2021-2030P) |
Platinum | $9.6B by 2027 | 5.0% (2020-2027P) |
Carbon Fiber | $9.0B by 2030 | 9.2% (2022-2030P) |
Carbon Materials | $8.7B by 2027 | 6.8% (2020-2027P) |
Palladium | $5.6B by 2028 | 4.6% (2022-2028P) |
Graphene | $1.3B by 2028 | 16.2% (2022-2028P) |
However, when it comes to the fastest growing market, lithium reigns supreme with a CAGR of over 23% between the forecast period of 2021 and 2028. Lithium is a vital ingredient for lithium-ion batteries, used in EVs and elsewhere.
Altogether, the collective market value for these top materials is expected to be worth over $800 billion by the end of the decade. And in the subsequent years, as efforts to tackle climate change accelerate, the collective value of these materials may well hit $1 trillion.
Introducing the Global X Disruptive Materials ETF
The Global X Disruptive Materials ETF (Ticker: DMAT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Disruptive Materials Index.
The Global X Disruptive Materials ETF is a passively managed solution that can be used to gain exposure to the rising demand for disruptive materials. Click the link to learn more.
Energy Shift
Visualizing the Scale of Global Fossil Fuel Production
How much oil, coal, and natural gas do we extract each year? See the scale of annual fossil fuel production in perspective.

The Scale of Global Fossil Fuel Production
Fossil fuels have been our predominant source of energy for over a century, and the world still extracts and consumes a colossal amount of coal, oil, and gas every year.
This infographic visualizes the volume of global fossil fuel production in 2021 using data from BP’s Statistical Review of World Energy.
The Facts on Fossil Fuels
In 2021, the world produced around 8 billion tonnes of coal, 4 billion tonnes of oil, and over 4 trillion cubic meters of natural gas.
Most of the coal is used to generate electricity for our homes and offices and has a key role in steel production. Similarly, natural gas is a large source of electricity and heat for industries and buildings. Oil is primarily used by the transportation sector, in addition to petrochemical manufacturing, heating, and other end uses.
Here’s a full breakdown of coal, oil, and gas production by country in 2021.
Coal Production
If all the coal produced in 2021 were arranged in a cube, it would measure 2,141 meters (2.1km) on each side—more than 2.5 times the height of the world’s tallest building.
China produced 50% or more than four billion tonnes of the world’s coal in 2021. It’s also the largest consumer of coal, accounting for 54% of coal consumption in 2021.
Rank | Country | 2021 Coal Production (million tonnes) | % of Total |
---|---|---|---|
#1 | 🇨🇳 China | 4,126.0 | 50% |
#2 | 🇮🇳 India | 811.3 | 10% |
#3 | 🇮🇩 Indonesia | 614.0 | 8% |
#4 | 🇺🇸 U.S. | 524.4 | 6% |
#5 | 🇦🇺 Australia | 478.6 | 6% |
#6 | 🇷🇺 Russia | 433.7 | 5% |
#7 | 🇿🇦 South Africa | 234.5 | 3% |
#8 | 🇩🇪 Germany | 126.0 | 2% |
#9 | 🇰🇿 Kazakhstan | 115.7 | 1% |
#10 | 🇵🇱 Poland | 107.6 | 1% |
🌍 Other | 600.9 | 7% | |
Total | 8,172.6 | 100% |
India is both the second largest producer and consumer of coal. Meanwhile, Indonesia is the world’s largest coal exporter, followed by Australia.
In the West, U.S. coal production was down 47% as compared to 2011 levels, and the descent is likely to continue with the clean energy transition.
Oil Production
In 2021, the United States, Russia, and Saudi Arabia were the three largest crude oil producers, respectively.
Rank | Country | 2021 Oil Production (million tonnes) | % of Total |
---|---|---|---|
#1 | 🇺🇸 U.S. | 711.1 | 17% |
#2 | 🇷🇺 Russia | 536.4 | 13% |
#3 | 🇸🇦 Saudi Arabia | 515.0 | 12% |
#4 | 🇨🇦 Canada | 267.1 | 6% |
#5 | 🇮🇶 Iraq | 200.8 | 5% |
#6 | 🇨🇳 China | 198.9 | 5% |
#7 | 🇮🇷 Iran | 167.7 | 4% |
#8 | 🇦🇪 UAE | 164.4 | 4% |
#9 | 🇧🇷 Brazil | 156.8 | 4% |
#10 | 🇰🇼 Kuwait | 131.1 | 3% |
🌍 Other | 1172.0 | 28% | |
Total | 4221.4 | 100% |
OPEC countries, including Saudi Arabia, made up the largest share of production at 35% or 1.5 billion tonnes of oil.
U.S. oil production has seen significant growth since 2010. In 2021, the U.S. extracted 711 million tonnes of oil, more than double the 333 million tonnes produced in 2010.
Natural Gas Production
The world produced 4,036 billion cubic meters of natural gas in 2021. The above graphic converts that into an equivalent of seven billion cubic meters of liquefied natural gas (LNG) to visualize it on the same scale as oil and gas.
Here are the top 10 producers of natural gas in 2021:
Rank | Country | 2021 Natural Gas Production (billion m3) | % of Total |
---|---|---|---|
#1 | 🇺🇸 U.S. | 934.2 | 23% |
#2 | 🇷🇺 Russia | 701.7 | 17% |
#3 | 🇮🇷 Iran | 256.7 | 6% |
#4 | 🇨🇳 China | 209.2 | 5% |
#5 | 🇶🇦 Qatar | 177.0 | 4% |
#6 | 🇨🇦 Canada | 172.3 | 4% |
#7 | 🇦🇺 Australia | 147.2 | 4% |
#8 | 🇸🇦 Saudi Arabia | 117.3 | 3% |
#9 | 🇳🇴 Norway | 114.3 | 3% |
#10 | 🇩🇿 Algeria | 100.8 | 2% |
🌍 Other | 1106.3 | 27% | |
Total | 4,036.9 | 100% |
The U.S. was the largest producer, with Texas and Pennsylvania accounting for 47% of its gas production. The U.S. electric power and industrial sectors account for around one-third of domestic natural gas consumption.
Russia, the next-largest producer, was the biggest exporter of gas in 2021. It exported an estimated 210 billion cubic meters of natural gas via pipelines to Europe and China. Around 80% of Russian natural gas comes from operations in the Arctic region.
Energy Shift
Mapped: Biggest Sources of Electricity by State and Province
The U.S. and Canada rely on a different makeup of sources to generate their electricity. How does each state and province make theirs?

Mapped: Biggest Sources of Electricity by State and Province
On a national scale, the United States and Canada rely on a very different makeup of sources to generate their electricity.
The U.S. primarily uses natural gas, coal, and nuclear power, while Canada relies on both hydro and nuclear. That said, when zooming in on the province or state level, individual primary electricity sources can differ greatly.
Here’s a look at the electricity generation in the states and provinces of these two countries using data from the Nuclear Energy Institute (2021) and the Canada Energy Regulator (2019).
Natural Gas
Natural gas is widely used for electricity generation in the United States. Known as a “cleaner” fossil fuel, its abundance, coupled with an established national distribution network and relatively low cost, makes it the leading electricity source in the country.
In 2021, 38% of the 4120 terawatt-hours (TWh) of electricity generated in the U.S. came from natural gas. Not surprisingly, more than 40% of American states have natural gas as their biggest electricity source.
Here are some states that have the largest shares of natural gas-sourced electricity.
State/Province | % of Electricity from Natural Gas |
---|---|
🇺🇸 Rhode Island | 90.9 |
🇺🇸 Delaware | 85.8 |
🇺🇸 Massachusetts | 76.9 |
🇺🇸 Florida | 73.9 |
🇺🇸 Mississippi | 72.1 |
In Canada, natural gas is only the third-biggest electricity source (behind hydro and nuclear), accounting for 11% of the 632 TWh of electricity produced in 2019. Alberta is the only province with natural gas as its main source of electricity.
Nuclear
Nuclear power is a carbon-free energy source that makes up a considerable share of the energy generated in both the U.S. and Canada.
19% of America’s and 15% of Canada’s electricity comes from nuclear power. While the percentages are close to one another, it’s good to note that the United States generates 6 to 7 times more electricity than Canada each year, yielding a lot more nuclear power than Canada in terms of gigawatt hours (GWh) per year.
As seen in the map, many states and provinces with nuclear as their main source of electricity are concentrated in the eastern half of the two countries.
In the U.S., Illinois, Pennsylvania, and South Carolina are top producers in terms of GWh/year. Illinois and South Carolina also have nuclear as their primary electricity source, whereas Pennsylvania’s electricity production from natural gas exceeds that from nuclear.
The vast majority of Canada’s nuclear reactors (18 of 19) are in Ontario, with the 19th in New Brunswick. Both of these provinces rely on nuclear as their biggest source of electricity.
Renewables: Hydro, Wind and Solar
Out of the different types of renewable electricity sources, hydro is the most prevalent in North America. For example, 60% of Canada’s and 6% of the U.S.’s electricity comes from hydropower.
Here are the states and provinces that have hydro as their biggest source of electricity.
State/Province | % of Electricity from Hydro |
---|---|
🇨🇦 Manitoba | 97 |
🇨🇦 Newfoundland and Labrador | 95 |
🇨🇦 Quebec | 94 |
🇨🇦 British Columbia | 87 |
🇨🇦 Yukon | 80 |
🇺🇸 Washington | 65 |
🇺🇸 Idaho | 51 |
🇺🇸 Vermont | 50 |
🇨🇦 Northwest Territories | 47 |
🇺🇸 Oregon | 46 |
Wind and solar power collectively comprise a small percentage of total electricity generated in both countries. While no state or province relies on solar as its biggest source of electricity, Iowa, Kansas, Oklahoma, and South Dakota rely primarily on wind for their electricity, along with Canada’s Prince Edward Island (PEI).
Coal and Oil
Coal and oil are emission-heavy electricity sources still prevalent in North America.
Currently, 22% of America’s and 7% of Canada’s electricity comes from coal, with places such as Kentucky, Missouri, West Virginia, Saskatchewan, and Nova Scotia still relying on coal as their biggest sources of electricity.
Certain regions also use petroleum to generate their electricity. Although its use for this purpose is declining, it is still the biggest source of electricity in both Hawaii and Nunavut.
Over the next few years, it will be interesting to observe the use of these fossil fuels for electricity generation in the U.S. and Canada. Despite the differences in climate commitments between the two countries, lowering coal and oil-related emissions may be a critical part of hitting decarbonization targets in a timely manner.
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