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Photocatalytic Coatings Market Size

Report ID: GMI6456
Published Date: Aug 2023
Report Format: PDF

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Photocatalytic Coatings Market Size

Photocatalytic Coatings Market size was valued at around USD 0.8 billion in 2022 and is projected to register a CAGR of 9.5% between 2023 and 2032. Photocatalytic coatings break down pollutants, such as volatile organic compounds (VOCs) and nitrogen oxides (NOx), into harmless substances when exposed to light. This addresses environmental concerns and improves air and water quality.

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Photocatalytic coatings create hydrophilic surfaces that facilitate the breakdown and removal of organic and inorganic contaminants, preventing the accumulation of dirt, grime, and organic matter.

Photocatalytic Coatings Market Report Attributes
Report Attribute	Details
Base Year:	2022
Photocatalytic Coatings Market Size in 2022:	USD 0.8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	9.5%
2032 Value Projection:	USD 2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	251
Segments covered:	Type, Substrate, Application, End-use, Region
Growth Drivers:	Increasing demand in water treatment Growing construction industry Rapid urbanisation and growing population
Pitfalls & Challenges:	Limited Substrate Compatibility Environmental Factors Narrow Absorption Range

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Photocatalytic coatings might not be compatible with all types of surfaces and substrates, limiting their applicability in certain environments or industries. The effectiveness of photocatalytic coatings can be influenced by environmental conditions, such as light intensity, humidity, and pollution levels, leading to variability in performance. Some photocatalytic coatings have a limited absorption range within the light spectrum, making them effective only under specific light conditions. Thus, the risks associated with Photocatalytic coatings may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for photocatalytic coatings was worth USD 0.8 billion in 2022 and is projected to reach USD 2 billion by 2032 driven by increasing environmental concerns along with the high need for improved air and water quality worldwide.

Titanium dioxide-based photocatalytic coatings industry size was valued at USD 0.3 billion in 2022 and is expected to witness high demand through 2032 owing to their rising popularity s as researched photocatalytic materials.

U.S. photocatalytic coatings recorded USD 0.2 billion in 2022 and is anticipated to witness significant growth through 2032 due to growing poor air quality owing to high traffic density and industrial activities in the region.

Some of the top photocatalytic coatings companies are TOTO Ltd., PPG Industries, Inc., Saint-Gobain, BASF SE, Kansai Paint Co., Ltd., 3M Company, Sherwin-Williams Company, Fujifilm Corporation, TSI Incorporated, and NanoCare Deutschland.