Global sol-gel product market: 8% CAGR between 2012-2016

Press release   •   May 01, 2013 15:05 BST

The Global Sol-Gel Product market is to grow at a CAGR of 7.96 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in demand for sol-gel derived coating and thin films for electronic devices. The Global Sol-Gel Product market has also been witnessing the increase in focus toward Rand D activities. However, increase in prices of sol-gel derived products could pose a challenge to the growth of this market.

With the increase in competition in the Global Sol-gel Product market, several sol-gel product vendors are investigating opportunities to increase their market presence by differentiating their products from their competitors. This is forcing several vendors to increase their focus on R and D activities in order to provide superior-quality, highly customized products that can effectively meet the specific requirements of end-users. Moreover, increasing R and D activities also enables vendors to investigate opportunities to develop cost-effective products that could increase their competitiveness in the market.

Several organizations across the Electrical and Electronics industry widely use various sol-gel-derived products such as coatings and thin films to develop superior-quality products. This is because one of the major forces driving the market is the need to develop superior-quality products.

A major challenge in the market is the increase in prices of sol-gel-derived products. The prices of sol-gel-derived products are increasing due to the increasing prices of raw materials.

Key vendors dominating this market space include namely 3M Co., Veolia Water Solutions and Technologies S.A., and TAASI Corp. Other vendors mentioned in the report: Cleveland Crystals Inc., Chemat Technology Inc., ENKI Technologies LLC, Hybrid Glass Technologies Inc., Inotek Inc., MarkeTech International Inc., Prinz optics GmbH, and other local and regional companies.

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