San Jose, California (PRWEB) August 23, 2013
Follow us on LinkedIn – In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market, such as increasing demand for sol-gel coatings and thin films in electronic devices, commercialization challenges posed by the lack of specific standards, developments in sol-gel chemistry, expanding applications in the healthcare industry, rising prices of sol-gel products and its negative impact on product penetration. Defined as materials produced through a chemical process, Sol-Gel Products are expected to witness strong demand in the coming years. A universal trend across the electronics and medical devices industry is the growing need for superior quality products. The scenario is expected to bring out sol-gel products as a major beneficiary given the ability of sol-gel processing to change material characteristics and properties to develop hybrid materials.
Since the discovery of the process in the 19th Century, research into the application of the sol-gel technique in multiple disciplines has given rise to a plethora of advanced materials and novel capabilities that were hitherto unattainable through the conventional fabrication processes. Innovations and ongoing refinement in sol-gel technologies are expected to continue to expand the depth and breadth of end-use applications for sol-gel products. Increasing application of the sol gel process in micro and nanotechnology to develop sol-gel based nanoparticle matrices will help drive growth in the future. The technology is already emerging to be the most favoured amid several available technologies for the fabrication of materials with different compositions, forms, and functionality on the nanoscale. For instance, sol-gel-derived silver-nanoparticles are increasingly finding use in the production of biosensors.
New multifunctional sol-gel thin films are gaining popularity in several high-growth industries due to various attributes, such as lower cost, light weight, transparency, lower thermal load, and higher flexibility. Expanding applications of sol-gel coatings in optical, electronic, and electro-optic devices and components is also expected to benefit the market. The study estimates the global sol-gel products market to be a multi-billion dollar market, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights, including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
The report outlines the growing potential for products produced using sol-gel technology and their applications in various industries. Developed for sol-gel manufacturers, suppliers, consulting firms, and technology domain experts, among others, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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