We present a framework based on the scattering T operator as well as real and reactive powerconservation constraints to derive physical bounds on any single material electromagnetic design problem that can be framed as a net power emission, scattering or absorption process. Application of the technique to planewave scattering from arbitrary objects bounded by a spherical domain is found to predictively quantify and differentiate the relative performance of dielectric and metallic materials for all system scales. When the size of a potential device is restricted to be much smaller than the wavelength, the maximum cross section enhancement that can be achieved with strong metals (electric susceptibility Re [χ] 0) exhibits a diluted (homogenized) effective medium scaling ∝ |χ| / Im [χ]. Below a threshold size inversely proportional to the index of refraction, the maximum cross section enhancement possible with dielectrics (Re [χ] > 0) shows the same material dependence as Rayleigh scattering. In the limit of a bounding volume much larger than the wavelength in all dimensions, achievable scattering interactions asymptote to the geometric area, as predicted by ray optics. The basis of the method rests entirely on scattering theory, and can thus likely be applied to acoustics, quantum mechanics, and other wave physics.