Photocatalytic Coatings Market worth $1.4 billion by 2028 – At a CAGR of 9.7%

The According to a market research report, the Photocatalytic Coatings Market by Type (TiO2, ZnO), Application (Self-Cleaning, Air Purification, Water Treatment, Anti-fogging), End-use (Building & Construction, Transportation) & Region(North America, Europe, APAC, SA & MEA) – Global Forecast to 2028″, is projected to grow from USD 0.9 billion in 2023 to USD 1.4 billion by 2028, at a CAGR of 9.7%. . Urban air pollution and global warming are one of the biggest environmental problems faced today by the society. The photocatalytic coatings de-polluting and self-cleaning properties aid to their increased demand to tackle this problem.

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• 150 Market data Tables
• 47 Figures
• 180 Pages and in-depth TOC on “Photocatalytic Coatings Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

The major players in photocatalytic coatings market includes Mitsubishi Chemical Corporation (Japan), Kon Corporation (US), Saint-Gobain (France), USA Nanocoat (US), and Green Millennium (US) and others. These top five players together accounted for a share of 50-55% of the total Photocatalytic Coatings market, while the rest was secured by small and medium-sized enterprises in 2022.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the photocatalytic coatings market.

Photocatalytic Coatings Market Study Coverage:

This report covers the market for Photocatalytic Coatings and forecasts the market size until 2028. It includes market segmentation based on type, application, end-use industry, and region. It also provides company profiles and competitive strategies adopted by the market players.

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Based on type, titanium dioxide photocatalytic coatings is the largest employable segment. Due to its high chemical stability, commercial availability, and excellent catalytic properties, TiO2 has received increasing attention in recent decades, and has revealed its great potential in a wide range of applications ranging from energy conversion and storage to hydrogen production, sensing, and environmental applications. Moreover, the low efficiency of TiO2 in the visible range, has motivated the need of visible light active photocatalysts, addressing to different approaches, including hybrid nanostructured materials (coupling TiO2 with other semiconductors materials), doping with atoms such as metals or N, and combination of TiO2 nanostructures with different allotropes of carbon.

Based on end-use industry, Building and construction is the largest segment. The use of photocatalytic coatings in building and construction aims to enhance sustainability, improve air quality, reduce energy consumption, and promote cleaner and healthier environments. Some common applications of photocatalytic coatings in this end-use industry include building facades, roofs and pavements, glass surfaces, interior surfaces, infrastructure and public spaces, HVAC systems, etc. It is essential to consider different factors like proper maintenance, surface quality, and the specific environmental conditions of the building to ensure the optimal performance of these coatings.

Scientific research on photocatalytic coatings is an active area of investigation in the Asia-Pacific region. Numerous studies are being conducted to explore the development, optimization, and applications of photocatalytic coatings. Researchers are working on developing new photocatalytic materials or improving existing ones. The institutes are working on novel compositions, nanostructured materials, and composite formulations to enhance the photocatalytic activity, stability, and efficiency of coatings. Japan has been at the forefront of developing and implementing photocatalytic technologies. Along with it, South Korea and China are also actively researching and implementing photocatalytic coatings.

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