Industry Background:
Sol-gel coatings are made from the reaction of a colloidal solution (sol) that forms an integrated network (gel) of either polymers or particles. Properties achieved with sol-gel coatings are hydrophobic surfaces, anti-fingerprinting, oleophobic surfaces, anti-microbial surfaces, easy to clean surfaces, protective transparent coatings, corrosion resistance, and others. Increasing demand for sol-gel coatings from automotive, architecture, protective coatings, healthcare, and others propelling market growth. In addition, rising demand from the developing economies expected to drive the demand for sol-gel coatings for the forecasted period.
According to AMA Research, the market for Sol-Gel Coatings is expected to register a CAGR of 10.1% during the forecast period to 2027. This growth is primarily driven by Increasing Demand of UV-Cured Hybrid Sol-Gel Coatings
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | PPG Industries, Inc. (United States), Akzo Nobel N.V. (Netherlands), 3M (United States), Sherwin-Williams Company, Ferro Corporation (United States), Axalta Coating Systems Ltd (United States), NanoTech Coatings, OPTICOTE INC (United States) and Covestro AG (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Emergence of Volatile Organic Compounds (VOC) free Sol-Gel Coatings
. Major Vendors, such as PPG Industries, Inc. (United States), Akzo Nobel N.V. (Netherlands), 3M (United States), Sherwin-Williams Company, Ferro Corporation (United States), Axalta Coating Systems Ltd (United States), NanoTech Coatings, OPTICOTE INC (United States) and Covestro AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
1st March 2019, PPG Industries, Inc. provider of coatings, specialty materials, and paints acquired Whitford Worldwide, manufacturer of nonstick and low-friction coatings for consumer and industrial applications.
Market Drivers
- Increasing Demand of UV-Cured Hybrid Sol-Gel Coatings
- Growing Demand of Corrosion Resistant Sol-Gel Coatings
Market Trend
- Emergence of Volatile Organic Compounds (VOC) free Sol-Gel Coatings
- Emphasizing on Development of Hybrid Sol-Gel Coatings
Restraints
- Stringent Government Regulations Regarding VOC Content
- Fluctuating Raw Material Prizes
Opportunities
Increasing Demand from the Oil and Gas Industry and Rising Demand from the Developing Economies Owing to Growing Industrialization
Challenges
Lack of Awareness in the Emerging Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sol-Gel Coatings Study Sheds Light on
The Sol-Gel Coatings Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sol-Gel Coatings industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sol-Gel Coatings industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.