Sol-Gel Coatings Market
Sol-Gel Coatings Market Analysis by Wear-resistant, Photocatalytic Self-cleaning, and Corrosion-resistant Sol-Gel Coatings for Automotive, Aerospace, and Biomedical from 2023 to 2033
Analysis of Sol-Gel Coatings Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sol-Gel Coatings Market Growth Outlook (2023 to 2033)
The global sol-gel coatings market is estimated to be valued at US$ 2.9 billion in 2023 and to grow at a CAGR of 4.9% to reach a valuation of US$ 4.7 billion by the end of 2033.
Sol-gel coatings technology is used across different sectors such as energy, metallurgy, biomedical, luxury industries, and others. Sol-gel coatings can be used to target products that require scratch and wear resistance, anticorrosion, aesthetic, anti-fingerprints, hydrophobic, aesthetic, and dielectric properties.
| Report Attributes | Details |
|---|---|
|
Sol-Gel Coatings Market Size (2022A) |
US$ 2.8 Billion |
|
Estimated Market Value (2023E) |
US$ 2.9 Billion |
|
Forecasted Market Value (2033F) |
US$ 4.7 Billion |
|
Global Market Growth Rate (2023–2033) |
4.9% CAGR |
|
North America Market Share (2023) |
28.9% |
|
US Market Growth Rate (2023–2033) |
6.0% CAGR |
|
Key Companies Profiled |
3M; Akzo Nobel NV; Ferro Corp.; Henkel AG and Co. KGaA; Mitsubishi Materials Corp.; SCHOTT AG; SOCOMORE SASU; Solvay SA |
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Sol-Gel Coatings Market Buoyancy Analysis
Sol-gel coatings can be tailored by adding different functional groups, and inorganic and organic additives such as anti-fingerprint agents, colored pigments, conductive particles, ceramic hard particles, and others.
Sol-gel coatings are applied as thinner layers and show higher thermal resistance and excellent adhesion on a large number of substrate materials as compared to classical organic varnishes.
Short Term (2023 to 2026): Biomedical application of sol-gel coatings is set to offer a plethora of opportunities for the sol-gel coatings manufacturers during the forecast period. Medium-Term (2026 to 2029): Thriving automotive industry in both developed as well as developing economies to pave the way for the growth of the sol-gel coatings market during the projection period.
Long Term (2029 to 2033): Efforts led by market players to curb the demand pool and gain high-profit margins are likely to drive the sol-gel coatings market in the long run.
According to the Fact.MR analysis, the historic growth rate for the sol-gel coatings market was 4.0% and is estimated to grow at a CAGR of 4.9% during the forecast period from 2023 to 2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market Dynamics Overview
“Growing Automotive Industry to Supplement Sol-Gel Coatings Market”
The growing automotive industry is likely to drive the demand for sol-gel coatings as they are widely used to protect the vehicular body from corrosion and enhance vehicles' durability. Hence, the growing automotive industry will pave the way for the sol-gel coatings market growth.
- For instance, sales of electric vehicles skyrocketed in the year 2021 and have continued to grow in 2022. More electric cars are now sold each week as compared to those that were sold in 2012 as sales of electric vehicles (including plug-in hybrids and fully electric) multiplied in 2021 to a new height of 6.6 million globally.
- Sales of electric vehicles witness rapid growth in the year 2022, with 2 million electric cars sold globally in the first quarter, up by 75.0% from the same period a year earlier, despite supply chain strains.
- By the end of 2021, there were approximately 16.5 million electric vehicles on the road worldwide which has tripled from the number of EVs in 2018.
Thus, the growing automotive industry creates demand for corrosion-resistant solutions to increase vehicular wear and tear resistance, and enhance overall performance, on the back of this sol-gel coatings are gaining traction across the globe.
“Factors Affecting Sol-Gel Coatings Market Growth”
Sol-gel coatings are widely used for magnesium alloy substrates coatings, however, low adoption of magnesium alloy due to the availability of more efficient alternatives such as aluminum and steel is likely to affect magnesium alloy consumption which leads to the reduced demand for sol-gel coatings as well.
Further, the process of sol-gel coatings is time-consuming and requires numerous steps coupled with the process being limited to certain materials, such as silicates. Hence, limited applications and the supply-demand gap hamper the growth of the sol-gel coatings market.
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Country-wise Insights
What are the Factors Driving Sol-Gel Coatings Demand Across the USA?
The growing use of metals in construction to provide strength to the structure and also offer aesthetic ambiance is likely to drive the demand for sol-gel coatings.
Hence, the growing construction industry is likely to create a high demand for sol-gel coatings as they provide resistance to metals, especially magnesium alloys from corrosion. The flourishing construction sector is likely to drive the sol-gel coatings market.
For instance, the total value of construction in the USA raised to USD 1.8 trillion in 2022 from USD 1.6 trillion in 2021. Among these, total residential construction stood at USD 793.7 billion in 2021 and raised to USD 899.1 billion in 2022, a 13.3% change
Why is the Turkiye Sol-Gel Coatings Market Expected to Be Highly Lucrative?
The growing electric vehicle market across Turkiye is likely to pave the way for the growth of the sol-gel coatings market across Turkiye. As driving has become more expensive due to rising gas prices, more Turkish drivers are switching to electric cars.
- Turkiye's gasoline costs nearly doubled over the past few years, forcing car owners to devote a larger portion of their income to commuting. For instance, the average monthly cost of gasoline for a car that drives 500 kilometers on city streets is around US$ 247.0, while an electric car owner must pay US$ 40.2 to cover the cost of the vehicle's energy.
- Hence, owing to this the demand for electric vehicles got amplified. For reference, a total of 6,124 electric vehicles were sold in Turkiye from January to November 2022, a 157.0% increase from the same period in 2021.
Hence, the flourishing electric vehicle market across Turkiye creates a high demand for sol-gel coatings to provide an aesthetic look to the vehicles, enhance vehicle durability, and others.
Category-wise Insights
Why Wear-Resistant Sol-Gel is Gaining Traction?
The wear-resistant sol-gel technique is appealing because it is simple to use and inexpensive, resulting in multi-functional, protective surfaces. This is because silica-based coatings, particularly hybrid inorganic-organic silica have unique structures and characteristics.
Ever-increasing demand coupled with advancements in technology in the automotive and aerospace industry is likely to drive demand for wear-resistant sol-gel coatings. Sol-gel coating vendors should focus on grabbing business opportunities from the wear-resistant segment, as it accounted for the largest market share in the base year. Wear-resistant sol-gel coatings are expected to be the leading segment based on the product type by 2033.
Why Does Biomedical Application of Sol-Gel Coatings Drives Products Growth?
Sol-gel is used in biomedical applications to cover metal implants and as a significant bone grafting medium. Sol-gel carriers are also used in biomedical applications for long-term medication delivery that results in faster wound healing.
Over 40.0% of sol-gel coating sales are driven by biomedical industries. For most materials, sol-gel processing is more convenient than alternative processes which can be difficult to operate at room temperature. As a result of the increased manufacturing of biomedical devices, demand for sol-gel coatings for biomedical applications is expected to rise significantly throughout the forecast period.
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Eminent Player’s Key Stratagems
Eminent players include 3M, Akzo Nobel NV, Ferro Corp., Henkel AG and Co. KGaA, and Mitsubishi Materials Corp.
Market players operating in the sol-gel coatings market are adopting various ground-breaking strategies to curb the demand pool and gain high-profit margins.
The investment in research and development to enable market players to explore new brackets of revenue generation from sol-gel coatings coupled with the business expansion to increase the catchment area. Such steps are likely to contribute to the revenue growth of the players operating in the sol-gel coatings market.
Fact.MR has provided detailed information about the price points of key manufacturers of sol-gel coatings positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Sol-Gel Coatings Industry Research
-
By Product Type:
- Wear-Resistant
- Corrosion-Resistant
- Water-Resistant
- Photocatalytic Self-Cleaning
-
By Application:
- Automotive
- Aerospace
- Biomedical
- Building & Construction
- Electronics
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Sol-Gel Coatings Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Wear-Resistant
- 7.2. Corrosion-Resistant
- 7.3. Water-Resistant
- 7.4. Photocatalytic Self-Cleaning
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Automotive
- 8.2. Aerospace
- 8.3. Biomedical
- 8.4. Building & Construction
- 8.5. Electronics
- 8.6. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Sol-Gel Coatings Competition Analysis
- 18.1. 3M
- 18.2. Akzo Nobel NV
- 18.3. Ferro Corp.
- 18.4. Henkel AG and Co. KGaA
- 18.5. Mitsubishi Materials Corp.
- 18.6. SCHOTT AG
- 18.7. SOCOMORE SASU
- 18.8. Solvay SA
- 18.9. Axalta Coatings Systems Ltd.
- 18.10. CCM GmbH
- 18.11. Nanovations Pvt Ltd.
- 18.12. DowDuPont
- 18.13. Chase Corporation
- 18.14. KISCO
- 18.15. MG Chemicals
- 18.16. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1. Global Market Value (US$ million), By Region, 2018 to 2022
Table 2. Global Market Value (US$ million) and Forecast, By Region, 2023 to 2033
Table 3. Global Market Volume (Tons), By Region, 2018 to 2022
Table 4. Global Market Volume (Tons) and Forecast, By Region, 2023 to 2033
Table 5. Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 6. Global Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 7. Global Market Volume (Tons), By Product Type, 2018 to 2022
Table 8. Global Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 9. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 11. Global Market Volume (Tons), By Application, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), By Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 15. North America Market Volume (Tons), By Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 19. North America Market Volume (Tons), By Product Type, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 23. North America Market Volume (Tons), By Application, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Product Type, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Product Type, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Product Type, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Product Type, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast, By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast, By Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast, By Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast, By Product Type, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Product Type, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast, By Product Type, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast, By Application, 2023 to 2033
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List Of Figures
Figure 1. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 4. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5. Global Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 6. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 7. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 8. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 9. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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Competitive landscape highlights only certain players
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- FAQs -
What was the Global Sol–Gel Coatings Market Size in 2022?
The global sol–gel coatings market is valued at US$ 2.8 billion in 2022.
What are the Regions included in the Sol–Gel Coatings Market Study?
The regions included in the sol–gel coatings market study include North America, Latin America, MEA, South Asia & Oceania, East Asia, and Europe.
Who are the Major Players Operating in the Sol–Gel Coatings Market?
Prominent players in the sol–gel coatings market are 3M, Akzo Nobel NV, Ferro Corp., Henkel AG and Co. KGaA, Mitsubishi Materials Corp., and SCHOTT AG.
How did the Market Perform in the Past Five Years?
From 2018–2022 the market witnessed a prominent growth rate of 4.0% and was valued at US$ 2.8 billion in 2022 from US$ 2.3 billion in 2018.
What is the Estimated Valuation of the Sol–Gel Coatings Market in 2033?
The market is anticipated to reach a valuation of US$ 4.7 billion in 2033.
Sol-Gel Coatings Market