Global Sol-gel Coatings Market 2017-2021
About Sol-gel Coatings
Sol-gel is a chemical route used to synthesize glassy or ceramic coatings at relatively low temperatures. This coating is a wet chemistry technique, which involves hydrolyzation of metal alkoxide sol followed by condensation, resulting in the formation of thin film coating on the substrate. Sol-gel coating can be applied on any substrate like plastic, metal, and ceramic using suitable techniques such as spin coating, dipping, and inkjet printing.
Technavio’s analysts forecast the global sol-gel coatings market to grow at a CAGR of 11.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sol-gel coatings market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sol-gel Coatings Market 2017-2021
Technavio recognizes the following companies as the key players in the global sol-gel coatings market: 3M, Akzo Nobel, PPG Industries, SCHOTT, and SOCOMORE.
Other Prominent Vendors in the market are: CG2 NanoCoatings, CMR Coatings, Cleveland Crystals, Gaema Tech, Green Millennium, Nanogate, NTC - Nano Tech Coatings, Nanovations, Praxair Technology, THERMOLON KOREA, and YAZAKI.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for eco-friendly coatings. To protect substrates, increase performance properties, and improve the aesthetic appeal, various kinds of coatings are increasingly being introduced in the market. Among various kinds of coatings, organic-based coatings are in high demand because of increasing awareness regarding health issues and growing concerns for the environment.”
According to the report, one driver in the market is growing demand from automotive and aerospace industries. An ever-growing demand from the technologically advanced automotive and aerospace industry is increasing the use of sol-gel coatings ranging from corrosion-resistant to self-cleaning and IR and UV energy-resistant coatings. In the automotive industry, fluorine functionalized alkoxy silane based sol-gel coatings are used in windshield mirror and side mirror to get a clear view of the rear. Low refractive index material based sol-gel coating is used in rear-view mirrors.
Further, the report states that one challenge in the market is high cost of production. Organic-based conventional coatings are made with petroleum precursors. The market for conventional coatings is well established and is commercialized successfully at an affordable cost. Organic-inorganic hybrid formulation coatings are prepared using the sol-gel method, but the process involved in the formulation is expensive. As these materials represent potential growth with improving novel technology, new methods are being incorporated, which are in the nascent stage of R&D.
3M, Akzo Nobel, PPG Industries, SCHOTT, SOCOMORE, CG2 NanoCoatings, CMR Coatings, Cleveland Crystals, Gaema Tech, Green Millennium, Nanogate, NTC - Nano Tech Coatings, Nanovations, Praxair Technology, THERMOLON KOREA, YAZAKI
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