Key Highlights The market was valued at USD 129.56 million in 2024, establishing a measurable base for expansion. Revenue is projected to reach nearly USD 162.86 million by 2032, signaling sustained growth. A 2.9% CAGR from 2025 to 2032 points to steady demand and longer-term planning opportunities. Protection is expected to remain the leading function, strengthening its role in automotive and construction. Asia Pacific is expected to record high growth, while China remains the largest market in the region and globally.
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