SOL-GEL COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

Rising demand for various sol-gel coatings such as self-cleaning, corrosion-resistant, and IR and UV energy resistant from the automotive and aerospace industry is driving the growth of the sol-gel coatings market. Moreover, the sol-gel technique is environment-friendly method for the protection of surface and can be used to replace toxic pretreatments and coatings such as chromate conversion coatings, which in turn has augmented the growth of this market.  Furthermore, increasing demand for nanostructured thin films and water-based coatings is propelling the growth of the sol-gel coatings market. However, the high cost of these coatings is restraining the growth of the sol-gel coatings market.