Sol-Gel Coatings Market Leading Players, Revenue, CAGR, Shares, Profit and Forecast to 2027

As per Global Market Insights, Inc., global sol-gel coatings market size is expected to grow significantly by 2027.

Sol-gel coatings market are environment-friendly materials that have a wide range of use as protective coatings, nanoscale powders, in optomechanical and thin films & fibers. These materials are further used in many applications across automotive, aerospace, electronics, and other industries.

Protective and decorative coatings can be applied to different kinds of substrates such as glass, metal, and others. Sol-gel coatings provide a cost-effective approach to functionalize different substrates to enhance their mechanical properties, performance, reliability, bioactivity, corrosion, and wear resistance.

Owing to these benefits, increasing usage of sol-gel coatings in protective interior and exterior of aircraft is observed to improve their overall safety and reduce the maintenance cost.

The superior chemical, mechanical, and thermal stability of sol-gel coatings market allow their applicability in the automotive industry. As per the International Organization for Motor Vehicle Manufacturers, the number of produced commercial vehicles and cars globally was around 92 million in 2019. Increasing demand for automakers primarily in developed countries is likely to create lucrative growth opportunities for the sol-gel coating providers.

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During the COVID-19 pandemic across 2020-2021, the industrial sector suffered significant slowdown. Restrictions in movement of people and goods impacted the production of vehicles, textiles and other products to some extent. As a result, the production and use of sol-gel coatings may have witnessed a negative impact. Only time will tell the overall influence of the coronavirus outbreak.

The sol-gel coatings market with respect to the product type is categorized into water-resistant, corrosion and few others. The corrosion & wear-resistant coatings segment is expected to witness steady growth, on account of their increasing applications in industrial goods, metallic tools, components, and construction sector. Anticorrosive coatings on metallic structures and materials help in avoiding surface degradation caused by corrosion.

The automotive and aerospace sectors are among the major end-users of sol-gel coatings owing to the variety of applications including spare parts, internal & external components, windshields, and others. On the other hand, the high transparency & photostability of these coatings complement their utilization in solar panels.

Growing government initiatives for the mass deployment of solar panels as a sustainable source of power especially in developed regions such as the UK, Japan, and the U.S. are predicted to positively influence coating demand.

Inorganic sol-gel coatings market as compared to organic polymer coatings possess several exceptional properties such as controllable porosity, biological inertness, and release of embedded agents. Notable progress has been made in sol-gel technology for the coating of fabrics, in textile applications.

The deposition of organic/inorganic sol-gels along with functional chemicals onto textile fabrics in one step by dip-coating, padding, rolling, spraying, or spin coating could provide exceptional properties to coated textiles. These include flame retardant, water-repellent, anti-mosquito, oil-repellent, anti-wrinkle, anti-bacterial, UV protection, and self-cleaning properties.

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Increasing demand for multi-functional fabrics should escalate the application scope of sol-gels to the large extent. Growing R&D activities and recent innovation in sol-gel technology are expected to complement the industry growth. However, the shutdown of industrial and business operations due to the surge in COVID-19 cases could impede industry progress to some extent.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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