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Sol-Gel Coatings Market Size 2021, Share Estimation, Trend Analysis, Industry Growth Rate, Players with Strategies, Sales and Revenues, Future Demands, and Supply Forecast 2027

Report Ocean publicize new report on the Sol-gel coatings market. The Sol-gel coatings market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the Sol-gel coatings market growth. Additionally, the database analyzes and estimates the Sol-gel coatings market both globally and regionally.

The global sol-gel coatings market was valued at USD 2,263.9 million in 2018 and is projected to reach USD 3,853.5 million by 2023 at a CAGR of 11.22%.

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The growth of the global sol-gel coatings market is primarily driven by the increasing demand for protective coatings in the transportation industry. The demand for protective coatings is increasing owing to the benefits associated with them such as scratch resistance, anti-microbial, durability, gloss retention, water repellency, and UV and infra radiation stability. Furthermore, these coatings enhance the self-cleaning, wear resistance, fuel efficiency, and thermal performance, which helps in reducing carbon footprint, maintenance costs, and ice accretion. The other factor fueling the demand for these coatings is the use of sol-gel in display screens of electronic devices.

The increasing production and sale of electronic devices such as smartphones, laptops, gaming devices, and others are expected to fuel the demand for sol-gel coatings in the electronics industry. The increasing production and sale of automobiles across the globe with the increasing disposable income are also projected to fuel the demand and drive the global market growth. Moreover, the implementation of “Net Zero Imports” target in developing countries, e.g., India, is expected to increase the manufacturing of electronics, which consequently is expected to boost the demand for sol-gel coatings.

The manufacturers in the global market are focusing on strategic growth initiatives such as mergers and acquisitions, new product launches and agreements to strengthen their market position and meet the growing demand in the automotive glass, healthcare, construction, and marine applications, among others. For instance, in June 2017, The Sherwin Williams Company acquired Valspar Corporation, an American manufacturer of paints and coatings based in Minneapolis, US. This acquisition was in line with the company’s growth strategy of becoming the global leader in the paints and coatings market.

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Regional Analysis
The global sol-gel coatings market, by region, is spanned across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America accounted for around 32.95% of the global market share and was valued at USD 746 million in 2018 and is expected to reach USD 1261.5 million at a CAGR of 11.08% during the assessment period. The growth of the regional market is attributed to the increasing demand for wireless electronic devices and fuel-efficient automobiles.
Asia-Pacific emerged as the fastest growing regional market in 2018, registering the highest CAGR of 13.57%.

The global market has been segmented on the basis of application and region. Sol-gel coatings have a wide range of applications, including automotive glass, healthcare, construction, mobile device screens, marine, solar panels, and others. Among these, the automotive glass segment accounted for the largest market share of 31.97% in 2018, with a market value of USD 723.7 million and is projected to register the highest CAGR of 12.92% during the forecast period. This is due to the extensive use of sol-gel coatings in the manufacturing of metal parts, lamps, mirrors, and plastic hoods, among others. These coatings not only protect the automotive glass from scratches and dust but also provide all-around protection from ultraviolet and infrared radiation.

Key Players
Some of the key players operating in the global sol-gel coatings market are Ferro Corporation (US), Premium Coatings and Chemicals Pvt Ltd (India), Euroglas Gmbh (Germany), NanoTech Coatings (US), Warren Paint & Color Co. (US), OPTICOTE, INC (US), 3M (US), PPG Industries, Inc (US), The Sherwin-Williams Company (US),Henkel AG & Co., KGaA (Germany), Covestro AG (Germany), AkzoNobel NV (Netherlands), Arkema SA (France), Axalta Coatings Systems Ltd (US), CCM GmbH (Germany), and Nano Care Deutschland AG (Germany).

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Geographic Analysis
The report covers a brief analysis of geographies including:
> North America
o US
o Canada
> Europe
o Germany
o UK
o Russia
o France
o Spain
o Italy
o The Netherlands
o Belgium
o Poland
o Rest of Europe
> Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Thailand
o Malaysia
o Australia & New Zealand
o Rest of Asia-Pacific
> Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
> Middle East & Africa
o Turkey
o Israel
o Saudi Arabia
o Egypt
o Rest of Middle East and Africa

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Key Findings
The global sol-gel coatings market was valued at USD 2,263.9 million in 2018 and is projected to reach USD 3,853.5 million by the end of the forecast period at a CAGR of 11.22%. The automotive glass segment accounted for the largest market share in 2018 and is projected to reach USD 1,328.7 million by the end of the review period.
Asia-Pacific emerged as the fastest growing regional market with a CAGR of 13.57% and was valued at USD 472.7 million in 2018.

Intended Audience
> Sol-Gel Coatings Manufacturers
> Traders and Distributors of Sol-Gel Coatings
> Potential Investors
> Raw Material Suppliers

DC – Description

> coating films
> coating procedures
> hybrid coatings
> sol-gel
> corrosion
> steel
> green materials

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Table of Contents:Market Overview Market Dynamics Associated Industry Assessment Market Competitive Landscape Analysis of Leading Companies Market Analysis and Forecast, By Product Types Market Analysis and Forecast, By Applications Market Analysis and Forecast, By Regions Conclusions and Recommendations Appendix

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

The Study Explore COVID 19 Outbreak Impact AnalysisWhat should be entry strategies, countermeasures to economic impact, and marketing channels? What are market dynamics? What are challenges and opportunities? What is economic impact on market? What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:To study and analyse the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its various subsegments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyse the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

Key questions answered in the Sol-gel coatings market report are:

  • How does a global company acquire markets?
  • What are its core strategies and policies?
  • What factors will influence the Sol-gel coatings market over the forecast period?
  • What are the factors driving and restraining the market for Sol-gel coatings?
  • What are the leading competitors in the global market?
  • Which region is growing at a higher pace in the global market?

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Updated : 2022-05-20 18:37 GMT+08:00