Photocatalytic Coating Market To Grow At Highest Pace Owing To Increasing Demand For Self-Cleaning And Air Purifying Surfaces

 

Photocatalytic Coating Market

Photocatalytic coating refers to coatings which promote chemical reactions on their surface through interaction with light and adsorbed water vapor from the air. These coatings contain photocatalysts like titanium dioxide which aids chemical transformations upon exposure to light. Photocatalytic coatings find applications in constructions to keep exterior surfaces clean and provide self-cleaning properties. They also aid in purifying indoor air environment by removing gaseous pollutants. The properties of photocatalytic coatings to stay clean without manual intervention and purify air driving its increasing demand construction and building industry.

 The global photocatalytic coating market is estimated to be valued at US$ 4.9 Mn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the photocatalytic coating market are OMEGA Engineering, Siemens AG, Servomex, Thermo Fisher Scientific Inc., Kusam – Meco, Aeroqual, Horiba Ltd., Fortive Corporation, PCE Holding GmbH, CEM Corporation, Vaisala, Teledyne Technologies Inc. The driving factors for increasing demand of photocatalytic coatings are rapid urbanization and infrastructure development which is creating demand for self-cleaning and pollution control building surfaces. Photocatalytic coatings helps in reducing indoor air pollution levels by removing VOCs, odors, bacteria and viruses from interior air. Technological advancements are focused on developing more efficient photocatalysts, materials with enhanced photocatalytic activity and self-cleaning properties. New product launches with advanced materials improving durability and performance.

Market Trends

Thin film photocatalytic coatings technology - Thin film coatings technology involves depositing ultra-thin film of photocatalyst like titanium dioxide on surfaces using processes like magnetron sputtering or sol-gel deposition. Thin film coatings have better durability, light absorption and photocatalytic activity.
Emergence of graphene incorporated photocatalytic coatings - Graphene as a nanomaterial is being incorporated with titanium dioxide and other photocatalysts to enhance charge separation, light absorption, catalytic efficiency of coatings. Graphene incorporated coatings have higher photocatalytic degradation activity.

Market Opportunities

Growing demand for self-cleaning and anti-microbial coatings in healthcare industry - Photocatalytic coatings are growing in demand for applications like installing on floors, walls, medical equipment in hospitals and clinics to make surfaces anti-microbial and ease of cleaning.
Rise in renovation and refurbishment activities of existing buildings - Increasing demand for green and sustainable building materials is driving use of photocatalytic coatings for renovation projects to upgrade buildings with self-cleaning and air purifying properties.

Impact of COVID-19 on the Photocatalytic Coating Market

The outbreak of COVID-19 pandemic has impacted the global Photocatalytic Coatings Market Size  in several ways. The imposition of nationwide lockdowns and restrictions has hampered both production and supply chain activities, resulting in delays in manufacturing and shipments. The slowdown in commercial and industrial operations has lowered the demand for photocatalytic materials. However, the growing focus on hygiene and sanitation during the health crisis has increased the demand for self-disinfecting and anti-viral surfaces, which photocatalytic coatings can provide. The photocatalytic coatings market is expected to recover steadily once the pandemic ends and businesses resume operations at full scale. Companies in this sector need to focus on strengthening distribution networks and developing innovative products to attract new customers in the post-COVID era. Adopting advanced technologies such as AI and IoT can also help manufacturers optimize production and meet future demand fluctuations effectively.

Geographical Regions with Highest Consumption of Photocatalytic Coating Market

The Asia Pacific region currently holds the largest share of the global photocatalytic coating market in terms of value. Countries such as China, Japan, South Korea and India have emerged as major markets due to the growth of industrial, commercial and infrastructure developments. Rapid urbanization and increasing construction activities in the region have boosted the demand for self-cleaning and anti-microbial building materials. North America is another major regional market driven by high awareness regarding green buildings and technologies for control of indoor air pollutants. Europe also accounts for a substantial market share due to stringent environment protection and energy efficiency policies of the European Union.

Fastest Growing Region for the Photocatalytic Coating Market

The Middle East and Africa region is projected to be the fastest growing regional market for photocatalytic coatings over the forecast period. Major factors contributing to the growth include substantial investment plans for smart city projects and infrastructural developments, especially in Gulf countries. The hot and arid climate conditions have accelerated the demand for self-cleaning constructions in this region. Additionally, higher awareness about health issues caused by airborne pollutants and pathogens is encouraging the adoption of innovative photocatalytic materials in the buildings sector. Hence, the Middle East and Africa offer significant untapped opportunities for photocatalytic coating manufacturers in the coming years.

For more Insights, Read –

https://www.newsstatix.com/photocatalytic-coating-market-size-market-share-analysis/

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