Global Sol-Gel Coatings Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global sol- gel coatings market will account to reach an estimated USD 2.23 billion in 2018 growing at a CAGR of 11.25% during the forecast period of 2019 to 2026.

Global Sol-Gel Coatings Market

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Global Sol-Gel Coatings Market

Sol-Gel Coatings is a technique which is used to create solid materials from small molecules. It is a process of converting a monomer to a colloidal solutions. This process is usually used for the concoction for the metals oxides like silicon and titanium. These coatings undergo hydrolysis and condensation polymerization to create gel which is usually in the form of protective glossy coating.

Segmentation: Global Sol-Gel Coatings Market

Global sol-gel coatings market is segmented on the basis of product type, end- use and geography.

By Product Type (Corrosion & Wear Resistant, Water Resistant, Others), End-Use (Automotive, Architecture, Protective Coatings, Healthcare, Semiconductors & Electronics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Recent Developments

  • In January 2018, PPG Industries Inc. announced that they had agreed to acquire ProCoatings, a leader of architectural and paints situated in Netherlands. The main aim of the acquisition is to expand their business and provide better services so that they can meet the needs and requirement of the customers.
  • In May 2017, Axalta Coating Systems announced that they had agreed to the acquisition of Spencer Coatings Limited. With the acquisition Axalta hopes to expand its industries served due to Spencer’s expertise in various coatings.

Key Market Competitors: Global Sol-Gel Coatings Market

Few of the major competitors currently working in the sol-gel coatings market are SOCOMORE, Akzo Nobel N.V., SCHOTT AG, 3M, PPG Industries Inc., CMR Coatings GmbH, Nanovations Pty Ltd., Axalta Coating Systems, The Sherwin-Williams Company, Ferro Corporation, Premium Coatings And Chemicals Pvt Ltd., Euroglas GmbH, Warren Paint & Color Co., OPTICOTE INC, Covestro AG, Thermolon Korea, Praxair Technology Inc., NTC – Nano Tech Coatings GmbH, and Nanogate SE.

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