Market Research Future estimates that the market was valued at USD 15.76 billion in 2024 and will increase from USD 16.32 billion in 2025 to USD 23.1 billion by 2035. The industry is expected to grow at a CAGR of 3.54% during the forecast period.
Automotive manufacturing is expected to remain a major application. The shift toward electric vehicles and lightweight vehicle architectures will...
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