Global Temperature Sensitive Coatings Market to Reach $470.1 Million by 2030
The global market for Temperature Sensitive Coatings estimated at US$348.5 Million in the year 2023, is expected to reach US$470.1 Million by 2030, growing at a CAGR of 4.4% over the period 2023-2030. Reversible Temperature Sensitive Coatings, one of the segments analyzed in the report, is expected to record 4.6% CAGR and reach US$327.1 Million by the end of the analysis period. Growth in the Irreversible Temperature Sensitive Coatings segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $92.2 Million, While China is Forecast to Grow at 6.7% CAGR
The Temperature Sensitive Coatings market in the U.S. is estimated at US$92.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$101 Million by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
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