Catalyzing Change: Trends Reshaping the Photocatalytic Coatings Landscape
Photocatalytic coatings use light-activated catalysts to provide self-cleaning, antimicrobial, and air purification properties. They are used in construction, healthcare, automotive, and water treatment industries. The demand is driven by their hygiene benefits, reduced maintenance costs, and environmental applications. The Photocatalytic Coatings Market 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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Photocatalytic Coatings Market Key Players Analysis
The global Photocatalytic Coatings major players have made several research developments across the value chain to focus on changing customer preferences. The companies launched new products in the market to maintain their position. Mitsubishi Chemical Corporation (Japan), Kon Corporation (US), Saint-Gobain (France), USA Nanocoat (US), and Green Millennium (US) are some of the key market players.
Mitsubishi Chemical Group Corporation is Japan’s largest chemical corporation. It offers a wide range of products, from materials to functional products, to help build the foundations of various industries. The Company develops, produces, and sells performance products, health care products, industrial materials, and other chemicals. Mitsubishi Chemical Corporation provides services for construction, medical, energy, and petrochemical fields.
Kon Corporation is based on environmental technology called “TiO2 Photocatalyst”. The company is engaged in producing TiO2 products that are quite useful for keeping the environment clean. Sagan Coat is a trademark name for Kon’s TiO2 photocatalyst coating solution and techniques of various coatings. The company has permission to use one of the patents from National Institute of Advanced Industrial Science and Technology (AIST), Saga Prefecture’s and TOTO’s. Its Sagan Coat coating solutions are produced based on these patents and some of these are available to overseas countries.
TiO2 photocatalytic coatings is the largest segment of the overall market.
Titanium dioxide is a photocatalyst that is used to cure contaminated water and air, as well as a coating for self-cleaning windows. It uses light energy to generate oxygen free radicals from moisture in the air. The oxygen free radicals attack the cell walls of microorganisms, destroying up to 99% of them. As a result, the coating serves as a surface disinfectant. Ti02 employs the similar process in water purification to generate hydroxyl radicals, which break down and eliminate organic contaminants.
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Building & Construction is the fastest growing segment in the market during forecast period.
Photocatalytic coatings are becoming increasingly popular in the building and construction industry due to their unique properties and potential benefits. These coatings are typically made from materials such as titanium dioxide (TiO2) and have the ability to harness light energy to catalyze chemical reactions like air purification, self-cleaning, odor control, anti-microbial reactions, and other environmental benefits. Although the benefits of these coatings can vary depending on factors such as the coating quality, surface area, light intensity, and exposure time. Additionally, regular maintenance may be required to ensure optimal performance.
Asia Pacific is the largest market for Photocatalytic Coatings market during the forecast period.
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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