Photocatalytic coatings are coatings that contain materials that can catalyze, through the use of light, chemical reactions that would otherwise be slow or impossible. These coatings are increasingly being used to reduce air, water, and surface pollution, and are particularly attractive for their ability to continuously clean large surface areas. The most common materials used in these coatings are titanium dioxide (TiO2) and zinc oxide (ZnO).
The application of photocatalytic coatings to product surfaces, such as roads, buildings, windows, and furniture, for cleaning and anti-bacterial purposes has become increasingly popular in the past several years. In addition, these coatings can be used to produce antifungal and antibacterial chemicals that can be used to reduce the spread of microbes. As these coatings become more widely available, their use is becoming increasingly commonplace.
The global market for photocatalytic coatings is estimated to reach a value of around US$17 billion by 2027, at a compound annual growth rate of about 8.7%. This market segment is expected to experience rapid growth owing to increasing demand from the automotive, construction, and healthcare industries. The increasing awareness about the environment is likely to drive more manufacturers to adopt green building materials and renewable energy sources, leading to increased demand for photocatalytic coatings. In addition, the development of novel photocatalytic coatings materials will further promote the growth of the global market.
The global Photocatalytic Coatings market was valued at US$ 394 million in 2022 and is anticipated to reach US$ 636.2 million by 2029, witnessing a CAGR of 7.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Photocatalytic Coatings Market available at: https://www.themarketreports.com/report/global-photocatalytic-coatings-market-research-report
This report aims to provide a comprehensive presentation of the global market for Photocatalytic Coatings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photocatalytic Coatings.
Global Photocatalytic Coatings key players include TOTO, Kon Corporation, Sto, Advanced Materials, Saint-Gobain, etc. Global top five manufacturers hold a share about 60%. Japan is the largest market, with a share about 40%, followed by Europe, with a share about 35 percent. In terms of product, 20-30nm is the largest segment, with a share about 40%. And in terms of application, the largest application is Interior Material, followed by Exterior Material, etc.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1382972
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479