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| Year | Market Size (Billion USD) | Annual Growth Rate (%) | Top Application Areas |
| 2020 | 1.5 | 12.0 | Residential, Commercial |
| 2021 | 1.8 | 15.0 | Residential, Commercial, Automotive |
| 2022 | 2.3 | 16.0 | Residential, Commercial, Automotive, Hospitality |
| 2023 | 2.8 | 20.0 | Residential, Commercial, Automotive, Hospitality, Healthcare |
| 2024 (Forecast) | 3.5 | 25.0 | Residential, Commercial, Automotive, Hospitality, Healthcare, Retail |