Global Sol-Gel Coatings Market is expected to rise from its initial estimated value of USD 2.23 billion in 2018 to an estimated value of USD 5.23 billion by 2026, registering a CAGR of 11.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the advancements in technology and introduction of modern advanced products with a lower volatile organic compound content.
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Sol-gel coating is a 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 surfaces and subsequently dried off for the formulation of a protective glossy coating.
Major Market Drivers:
Technological advancements and modernisation in the product offered is expected to act as a driver for the market growth
Growth in the demand of the product due to the introduction of water based coatings in the various industries is also expected to drive the market growth
Major Key players profiled in this 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 SE.
- By Product Type
- Corrosion & Wear Resistant
- Water Resistant
- By End-Use
- Protective Coatings
- Semiconductors & Electronics
- By Geography
- North America
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