The Global Market for Sol-Gel Products is Forecast to Reach US$3.2 Billion by 2020

Increasing R&D Activity & Expanding Applications Drive the Global Sol-Gel Products Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Sol-Gel Products. The global market for Sol-Gel Products is forecast to reach US$3.2 billion by 2020, driven by increasing investments in R&D, and expanding applications.

Strong investments in R&D has resulted in a wide number of sol-gel products being commercialized in recent years. Currently, a number of products are in pipeline in various stages of development, testing, and evaluation. Demand for Sol-Gel processing is surging, due to the superior homogeneity and purity of glass and ceramic materials synthesized using the process, when compared to the conventional methods. Sol-gel techniques enable ceramics and glass to be shaped at low temperatures into fibers, films, monoliths, nano-powders, and a variety of other forms that would otherwise be impossible to achieve through conventional processes. 

The market in the coming years is poised to benefit from the expanding use of sol-gel products in aerospace, automotive, construction, cosmetics, agriculture, analytical chemistry, food and beverages, architecture, biomedicine, chemical, defense, dentistry, electronics, environmental, refrigeration, and textiles. In the electronics sector, sol-gel products are used for manufacturing fiber optic sensors, and thin films and coatings for optical, electronic, and opto-electronic devices and components. Luminescent solar concentrators; gasochromic, photochromic, and electrochromic plates for intelligent windows; active waveguides; environmental sensors; biological impurity sensors; non-linear and linear optics materials; and semiconductor quantum dots are few of the numerous advanced materials being developed for optoelectronic applications.

Sol-gel technologies are also being used in the production of anti-reflective coatings for architectural and automotive applications, decorative and protective coatings for various substrates; and lasers and nonlinear-active and passive waveguides. Sol-Gel processes are being used for synthesizing aerogels, nanofibers, and ultra-thin, multi-functional nano-coatings with enhanced anti-bacterial, easy-to-clean, self-cleaning, anti-fouling, hydrophilic or hydrophobic, fingerprint-resistant, abrasion-resistant, or heat resistant properties. The biomedical field represents another major end-use sector, with applications ranging from biomolecule carriers for biomedical and dental products, to filtration and separation membranes. Increased focus on preventing cross-infections and nosocomial infections is enabling sol-gel processes to play a vital role in the development of bio-active antimicrobial nanocoatings and materials for a diverse array of bio-medical products and surfaces.

As stated by the new market research report on Sol-Gel Products, the United States represents the largest market worldwide. The country also ranks as the fastest growing market with a CAGR of 8.9% over the analysis, supported by increasing research and development initiatives in Sol-Gel technology.

Major players in the market include 3M Company, Aspen Aerogels Inc. Cabot Corp., Chemat Technology Inc., Compagnie De Saint-Gobain SA, Gaema Tech Co. Ltd, MarkeTech International Inc., Nanogate AG, NTC Nano Tech Coatings GmbH, Prinz Optics GmbH, and TAASI Corporation.

The research report titled "Sol-Gel Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, the United Kingdom, and Rest of Europe markets), Asia-Pacific, and Rest of World.