Chemical Research Report Sol-gel-Coatings-Market | Page 2

growth of sol-gel coatings market. However, high cost of these coatings is restraining the
growth of sol-gel coatings market.
The automotive industry is the largest end user of sol-gel coatings, owing to their applications
in coating metal parts, paint surface treatments, metal structures, lamps, mirrors, and plastic
hoods. For instances, sol-gel coatings containing fluorine functionalized alkoxy silane are used
in the windshield and side mirror while low refractive index material coatings are is used in the
rear-view mirrors.
Sol-gel Coatings Market Outlook
North America is the largest market for sol-gel coatings, owing to the stringent U.S.
Environment Protection Agency (EPA) and US Food and Drug Administration (FDA)
regulations such as 183(e) of the Clean Air Act (Act), which is increasing the demand for
environment friendly coating such as sol-gel coatings. Also, the increasing demand from
automotive and aerospace industry is further driving the growth of sol-gel market in this region.
According to International Organization of Motor Vehicles Manufacturers (OICA),
representative of global automotive industry, the registration and sales of new vehicles in
Canada was around 1,939,517 1 in 2015, which increased to 1,983,745 in 2016.
Asia Pacific is the fastest growing region in sol-gel coating market due to the growing demand
for coatings from various end-use industries such as automotive, building and construction, and
others. According to the India Brand Equity Foundation (IBEF), the automobiles industry in
India is expected to reach US$ 260 to 300 billion by 2026 and the electronics market is
expected to reach US$ 400 billion in 2022. Also, according to the International Organization of
Motor Vehicles Manufacturers (OICA), total motor vehicle production in China was 24,503,326
in 2015, which increased to 28,118,794 in 2016. Increasing demand for automotive industry in
India and China is fuelling the growth of sol-gel coating market in this regionEurope is a
lucrative sol-gel market owing to the rising demand for environment friendly coating materials
due to the stringent environmental regulations. For instance, Directive 2004/42/EC of the
European Parliament which limits the emissions of volatile organic compounds (VOC) in
vehicle refinishing products, paints and others thereby driving the market for coatings low or
free of VOCs such as sol-gel coatings.
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