Sonochemical Coatings Market to Garner $148.7 Million, Globally, By 2031 at 8.7% CAGR, Says Allied Market Research
PORTLAND, Ore., Feb. 21, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Sonochemical Coatings Market Type (Silver-Titanium Dioxide (Ag-TiO2), Prussian Blue Nanoparticles (PB-NPs), Copper Oxide (CuO), Zinc Oxide (ZnO), Silicon Dioxide (SiO2), Others), by Substrate (Cotton, Plastic, Metal, Others), by Technology (Water based, Solvent Based), by End-use industry (Medical, Textile, Consumer Electronics, Automotive, Others) And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According to the report, the global Sonochemical Coatings industry generated $65.4 million in 2021, and is estimated to reach $148.7 million by 2031, witnessing a CAGR of 8.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
- Increasing demand for sonochemical coatings from the construction industry is driving market expansion, while rising demand from the healthcare industry will propel the global sonochemical coatings market.
- Increasing demand for sonochemical coatings from the construction industry is driving market expansion.
- However, stringent volatile organic compound rules will restrain the market for Sonochemical coatings.
- However, the increase in use of water-based coatings in emerging economies will create profitable opportunities for the market in the coming years.