The global demand for Sol-Gel Coatings Market is presumed to reach the market size of nearly USD 6203.32 MN by 2028 from USD 2766.06 MN in 2021 with a CAGR of 12.23% under the study period 2022 - 2028.
Sol-gel coating refers to a method of producing solid materials and products via compact and nano molecules. In sol-gel coating, monomers are transformed into colloidal solutions. In order to create a gel, a solution is transformed and condensed. The obtained gel is then applied on different substrate surfaces and allowed to dry for the articulation of a protective glossy coating. Automobiles typically utilize sol-gel films or coatings to prevent corrosion. Sol-gel coatings are regarded as suitable alternatives to harmful chromate metal-surface pre-treatment techniques. The major benefits of sol-gel coatings include strong flexibility, high thermal stability, and a porous structure. Sol-gel coatings are highly employed in the aerospace industry.
Market Dynamics
The increasing demand for sol-gel coatings owing to the introduction of the water-based coatings in different industrial sectors is the key factor accelerating the sol-gel coating market growth. Furthermore, the rising need in various end-use industries for its varied properties like corrosion-resistant, self-cleaning, and UV & IR energy-resistant coatings, growing concern related to VOCs in coatings and paints, increased growth of the oil and gas sector and construction sector, in addition with chemical industries are the predominant factors fueling the sol-gel coatings market growth. Additionally, expanding infrastructure that needs corrosion protection, rising technological developments, and rising modernization in the production methodologies will further expand the market for sol-gel coatings in the forthcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of sol-gel coatings. The growth and trends of sol-gel coatings industry provide a holistic approach to this study.
Market Segmentation
This section of the sol-gel coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Corrosion Resistant
- Water-Resistant
- Wear Resistant
- Photocatalytic Self-Cleaning Energy Resistant
- Others
By End-Use Industry
- Automotive
- Aerospace
- Building And Construction
- Electrical And Electronics
- Medical And Healthcare
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Sol-Gel Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Sol-Gel Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sol-gel coatings market include 3M Company, Akzo Nobel N.V., PPG Industries, Inc., Socomore S.A.S., CG2 NanoCoatings Inc, CMR Coatings GmbH, Praxair, Inc., Nano Tech Coatings GmbH, Nanovations Pty Ltd., and Nanogate AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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