Sol-gel Coatings Market Growth projected to expand 2X to top US$ 5 Bn by 2031

According to the sol-gel coatings industry survey, the global market was valued at US$ 2.5 Bn in 2020, and is projected to expand 2X to top US$ 5 Bn by 2031.


The Sol-gel Coatings market is estimated to witness high growth during the forecast period; 2018-2023.

Asia-Pacific is expected to witness highest growth in the demand for Sol-gels during the forecast period.The product type sector is likely to be dominated by corrosion and wear resistant products.

Water-based Sol-gel Coatings are expected to drive the Sol-gel Coatings Market forward. 

One of the primary reasons impeding the market's growth is the growing worry about VOCs in paints and coatings. Due to the above-mentioned release of VOC, which has a severe influence on the environment, many large economies have replaced solvent-based coatings with water-based coatings.. The corrosion protection of innovative non-VOC, water-based sol-gel coatings with nanoparticles, such as Zro2, has been successfully created. The market will increase steadily due to the environmentally benign nature of the coatings.

The Protective Coatings Industry is the most important end-user

The end-user segment in the protective sector is the largest. Oil and gas, as well as infrastructure, are the most important segments within the sector. Because of its higher sensitivity to corrosion and weathering, oil and gas accounts for the largest part of the sector. Apart from the aforementioned divisions, the scope also includes the Mining and Power sectors, as well as Chemical. The growth of the protective coatings industry is aided by the expanding infrastructure that requires corrosion protection.

Asia-Pacific to Lead the Sol-gel Coatings Market

Due to the burgeoning construction sector, as well as the presence of a growing oil & gas sector and chemical industries in the region, Asia-Pacific is expected to grow the most throughout the forecast period. In Asia-Pacific, demand for Sol-gel is predicted to develop rapidly in China and India. The high number of oil and gas expansions in China is largely responsible for the country's growth. Plans are in place to expand it to 250,000 kilometres in the next five years. Aside from that, there are a slew of other large-scale expansion initiatives in the works.

Major Sol-gel Coatings Market Players

  • SOCOMORE
  • SCHOTT
  • Akzo Nobel NV
  • PPG Industries
  • 3M

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