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A bright future for sol-gel technologies: Market study
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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.
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.
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%.
Optical and electronic applications are the fastest growing market segments from 2006 to 2011, at an annual average growth rate ranging 12% to 15%.
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