Dublin, Sept. 15, 2023 (GLOBE NEWSWIRE) -- The "Global Sol-gel Coatings Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The global sol-gel coatings market is on the cusp of a substantial expansion, with a projected growth of $3,605.23 million during the forecast period of 2022-2027, driven by a remarkable Compound Annual Growth Rate (CAGR) of 11.69%.
This revelation comes as a part of an exhaustive analysis provided in a comprehensive report on the sol-gel coatings market, encompassing market size, forecasts, trends, growth drivers, challenges, and a thorough vendor analysis, featuring approximately 25 key players.
The report offers an up-to-date assessment of the prevailing market conditions, the latest trends, and the overarching market landscape. Key factors fueling this robust growth include escalating demand from the automotive and aerospace sectors, increasing usage in building and construction applications, and the enhanced performance attributes and superior characteristics of sol-gel coatings.
Sol-Gel Coatings Market Segmentation:
The sol-gel coatings market is segmented based on the following criteria:
By Product:
- Wear Resistant
- Corrosion Resistant
- Water Resistant
- Photo Catalytic Self-Cleaning
- Others
By Application:
- Automotive
- Building and Construction
- Aerospace
- Electrical and Electronics
- Others
By Geography:
- North America
- Europe
- Asia-Pacific (APAC)
- Middle East and Africa
- South America
Key Market Drivers:
The report identifies the surging demand for environmentally friendly coatings as a primary catalyst for the substantial growth anticipated in the sol-gel coatings market in the coming years. Additionally, the escalating demand for sol-gel-based nanostructured thin films and the shift towards additive manufacturing are expected to contribute significantly to market expansion.
Key Highlights from the Report:
- Market Sizing
- Market Forecast
- Industry Analysis
Vendor Analysis:
The comprehensive vendor analysis presented in the report is designed to assist clients in enhancing their market positioning. To this end, the report offers a detailed examination of several leading sol-gel coatings market vendors, including:
- 3M Co.
- Akzo Nobel NV
- Aspen Systems Inc.
- Chemat Technology Inc.
- Ferro Corp.
- Gaema Tech Co. Ltd.
- Henkel AG & Co. KGaA
- Mitsubishi Materials Corp.
- NanoPore Inc.
- Nanovations Pty Ltd.
- NTC Nano Tech Coatings GmbH
- PPG Industries Inc.
- Saint Gobain
- SCHOTT AG
- SOCOMORE SASU
- Taasi Corp.
- The Sherwin Williams Co.
- Solvay SA
Additionally, the report encompasses insights into emerging trends and forthcoming challenges that are poised to influence market growth. This information is intended to aid companies in devising strategies to capitalize on future growth opportunities.
Methodology:
The study employs an objective blend of primary and secondary data, incorporating inputs from key industry stakeholders. It provides a comprehensive overview of the market and vendor landscape while also including a SWOT analysis of key vendors. The report leverages data from multiple sources, such as profit, pricing, competition, and promotions, to paint a detailed picture of various facets of the sol-gel coatings market.
The data presented in the market research reports is comprehensive, reliable, and the result of extensive research efforts, both primary and secondary. Qualitative and quantitative research methodologies are employed to ensure the accuracy of market growth forecasts.
Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the increasing demand for eco-friendly coatings."
According to the report, one of the major drivers for this market is the growing demand from the automotive and aerospace industries.
For more information about this report visit https://www.researchandmarkets.com/r/tuuxxg
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