Research and Markets has announced the addition of the "Global Sol-Gel Product Market 2012-2016" report to their offering.
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.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''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.''
According to the report, 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.
Further, the report states 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.
Companies Mentioned
- 3M Co.
- Chemat Technology Inc.
- Cleveland Crystals Inc.
- ENKI Technologies LLC
- Hybrid Glass Technologies Inc.
- Inotek Inc.
- MarkeTech International Inc.
- Prinz optics GmbH
- TAASI Corp.
- Veolia Water Solutions and Technologies S.A.
Source: http://www.researchandmarkets.com/