Report Highlights
The global market for sol-gel products reached $1.4 billion in 2011. It is expected to reach $1.5 billion in 2012 and it will further grow to $2.2 billion by 2017, a compound annual growth rate (CAGR) of 7.9%.
Report Scope
The report provides a detailed technology review for sol gel-derived products, including processing methods, properties and applications. Market analyses are provided for each application segment for the U.S. and the world.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
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The U.S. market is expected to reach $500 million by 2011 with an AAGR (annual average growth) rate of 8.7% per year from 2006 to 2011.
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The global market for sol-gel products in 2006 was $1 billion. This is forecasted to increase to $1.4 billion by 2011 with an AAGR of 6.3% from 2006 to 2011.
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In terms of market share, the U.S. has currently about 32% of the world market and is expected to increase this market share by 2011 to 36%.
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Optical and electronic applications are the fastest growing market segments from 2006 to 2011, at an annual average growth rate ranging 12% to 15%.
Report Highlights
REPORT HIGHLIGHTS
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The global market for sol-gel products in 2001 was $712 million. This is forecasted to increase to $936 million by 2006 at an average annual growth rate (AAGR) of 5.6%.
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The U.S. market share is nearly 28% and is expected to increase to 34% by 2006, rising from $202.5 million to $320 million at an AAGR of 9.6%.
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Electronic and optical applications are expected to be the fastest growing market segments during the period, at an annual average growth rate of around 14%. High growth rates also are expected for chemical and biomedical applications at between 8% and approximately 10% per year.
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By 2006, new market segments to emerge will include biomedical applications (such as bone grafting materials and drug therapy products) and chemical applications (gas separation membranes).
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Although the U.S. leads in research and development, Japan is able to commercialize and market products faster. The total number of U.S. patents also has declined, with fewer applications being commercialized
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