Global Sol-Gel Coatings Market, By Product Type (Corrosion & Wear Resistant, Water Resistant, Others), End-Use (Automotive, Architecture, Protective Coatings, Healthcare, Semiconductors & Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Sol-gel coatings market will grow at a rate of 11.20% for the forecast period of 2021 to 2028. Increasing technological advancements and modernisation in the product offered in the market is a vital factor driving the growth of sol-gel coatings market.
Sol-gel coating is a type of process of creating solid products and materials using small and nano-molecules. This process involves the conversion of monomers to a colloidal solution. In essence, a solution is transformed and condensed for the formulation of a gel. The resulting gel is therefore applied on the various substrate surface and subsequently dried off for the formulation of a protective glossy coating.
Rising growth in the demand of the product due to the introduction of water based coatings in the various industries is the vital factor escalating the market growth, also increasing demand in various end-use industries for its numerous properties such as self-cleaning, corrosion resistant and IR & UV energy resistant coatings, rising concern regarding the VOCs in paints and coatings, increasing construction sector, and also the rising presence of a growing oil and gas sector, along with chemical industries are the major factors among others driving the sol-gel coatings market. Moreover, growing infrastructure, which needs corrosion protection and increasing technological advancements and rising modernization in the production techniques will further create new opportunities for the sol-gel coatings market in the forecast period of 2021- 2028.
However, increased cost and fluctuations in costing of raw materials and rising halt in growth of the various industrial segments of the world are the major factors among others acting as restraints, while and will further challenge the growth of sol-gel coatings market in the forecast period mentioned above.
This sol-gel coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sol-gel coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Sol-Gel Coatings Market Scope and Market Size
Sol-gel coatings market is segmented on the basis of product type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the sol-gel coatings market is segmented into corrosion & wear resistant, water resistant and others.
- The sol-gel coatings market is also segmented on the basis of end-use into automotive, architecture, protective coatings, healthcare, semiconductors & electronics and others. The rising invasion of consumer goods and electronics is expected to catapult the overall sol-gel market in the projected timeframe.
Sol-Gel Coatings Market Country Level Analysis
Sol-gel coatings market is analysed and market size, volume information is provided by country, product type and end-use as referenced above.
The countries covered in the sol-gel coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sol-gel coatings market due to increasing demand in various end-use industries for its numerous properties such as self-cleaning, corrosion resistant and IR & UV energy resistant coatings in this region. Europe is the expected regions in terms of growth in sol-gel coatings market due to increasing growth in the demand of the product due to the introduction of water-based coatings in the various industries and increasing demand in various end-use industries for its numerous properties such as self-cleaning, corrosion resistant and IR & UV energy resistant coatings in this region.
The country section of the sol-gel coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sol-Gel Coatings Market Share Analysis
Sol-gel coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sol-gel coatings market.
The major players covered in the sol-gel coatings market report 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Sol-Gel Coatings Market
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