Photocatalytic Coatings Market - By Type (Titanium Dioxide (TiO2)-Based, Zinc Oxide (ZnO)-Based), By Substrate (Concrete, Glass, Metal, Plastics, Ceramics), By Application, By End-use & Forecast, 2023 – 2032

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.
 

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 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.
 

COVID-19 Impact

The construction industry, a significant user of photocatalytic coatings, faced disruptions due to lockdowns, labor shortages, and supply chain issues during the pandemic. This impacted the demand for these coatings in construction projects. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the industry expansion in the upcoming years.
 

Photocatalytic Coatings Market Trends

The COVID-19 pandemic has intensified the demand for self-cleaning and anti-microbial surfaces. Photocatalytic coatings that offer these properties are being explored for applications in healthcare facilities, public spaces, transportation, and more. Photocatalytic coatings are gaining traction in urban planning to mitigate air pollution, reduce heat island effects, and enhance outdoor air quality. Cities are exploring these coatings on buildings, pavements, and roads to contribute to a cleaner urban environment.
 

Photocatalytic Coatings Market Analysis

Based on type, the photocatalytic coatings market is segmented as titanium dioxide (TiO2)-based, zinc oxide (ZnO)-based, other metal oxide-based. Titanium Dioxide (TiO2)-Based held a majority market value of USD 0.3 billion in 2022. TiO2 is a widely recognized and researched photocatalytic material, driving demand for TiO2-based coatings in various applications. TiO2 coatings offer effective self-cleaning properties, reducing maintenance and cleaning costs for surfaces like building exteriors and glass. Moreover, an increasing usage will further accelerate the segmental expansion.
 

Based on substrate, the photocatalytic coatings market is segmented as concrete, glass, metal, plastics, ceramics, others. Concrete held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace till 2032. Photocatalytic coatings can prevent staining on concrete surfaces, maintaining their appearance. Coated surfaces help break down pollutants, contributing to improved urban air quality.
 

Based on application, the photocatalytic coatings market is segmented as construction and building materials, self-cleaning coatings, air purification and treatment, water purification and treatment, anti-microbial coatings, anti-fogging coatings, others. Air purification and treatment held a dominant market share in 2022 and is anticipated to grow at 8.3% CAGR through 2032. Photocatalytic coatings contribute to reducing air pollutants and harmful gases, leading to improved urban air quality and public health. Thus, the high-quality services and growing usage of Photocatalytic coatings at food centres are anticipated to expedite the business growth.
 

Based on end-use, the photocatalytic coatings market is segmented as Construction and Real Estate, Healthcare, Automotive, Aerospace, Water Treatment, Electronics, Packaging, Others. Construction and real estate held a dominant market share in 2022 and is anticipated to grow significantly till 2032. The construction industry's focus on sustainable materials and practices drives the adoption of photocatalytic coatings for green buildings.
 

U.S. dominated the North American region with majority photocatalytic coatings market share and a revenue of USD 0.20 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. Major cities in North America often experience poor air quality due to high traffic density and industrial activities, driving the demand for solutions like photocatalytic coatings to mitigate air pollutants.
 

Photocatalytic Coatings Market Share

Some of the major players operating in the Photocatalytic coatings market are :

• TOTO Ltd.
• PPG Industries, Inc.
• Saint-Gobain
• BASF SE
• Kansai Paint Co., Ltd
• 3M Company
• Sherwin-Williams Company
• Fujifilm Corporation
• TSI Incorporated
• NanoCare Deutschland AG
• Cristal Global
• Daikin Industries, Ltd.
• Advanced Materials Corporation
• Sto SE & Co. KGaA
• Catalytic Coatings

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Photocatalytic Coatings Industry News:

• In September 2022 Venator has become the first manufacturer and supplier of fiber anatase titanium dioxide (TiO2) to the textile industry to secure an ECO PASSPORT by OEKO-TEX.
   
• In March 2022, Tronox Holdings plc, an integrated manufacturer of titanium dioxide pigment, announced a long-term power purchase agreement with SOLA Group, a South African independent power producer, to provide 200 MW of solar power to Tronox's mines and smelters in the Republic of South Africa.
   

Photocatalytic coatings market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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By Type

• Titanium Dioxide (TiO2)-Based
• Zinc Oxide (ZnO)-Based
• Other Metal Oxide-Based

By Substrate

• Concrete
• Glass
• Metal
• Plastics
• Ceramics
• Others

By Application

• Construction and Building Materials
• Self-Cleaning Coatings
• Air Purification and Treatment
• Water Purification and Treatment
• Anti-Microbial Coatings
• Anti-Fogging Coatings
• Others

By End-use

• Construction and Real Estate
• Healthcare
• Automotive
• Aerospace
• Water Treatment
• Electronics
• Packaging
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt