PHOTOCATALYTIC COATING MARKET ANALYSIS

Photocatalytic Coating Market, by Coatings Type (Titanium dioxide (TnO2), Zinc oxide (ZnO), and Others), by Thickness Type (<10nm, 10-20nm, 20-30nm, and >30nm), by End User (Concrete, Building panels, Glass, Ceramics, Painted surfaces, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022
Code : CMI5120
Pages :110
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Challenges And Opportunities

Drivers

Titanium dioxide (TiO2) has been widely used as a photocatalyst in many environmental and energy applications due to its high stability, efficient photoactivity, low cost, and safety to the environment and humans. In self-cleaning application of titanium dioxide, the finding of the photo-induced hydrophilicity in the last decade has markedly widened the application range of titanium dioxide coated material, which is further increasing the demand for the titanium dioxide.

Market Restraints

The availability of cadmium sulphide and zinc oxide is threatening the replacement of titanium oxide which is the highest-grossing substance in the photocatalyst industry. The substitutes offer cheaper solutions which are estimated to act as one of the major challenges of the photocatalyst market. The substitutes are also available at cheaper prices and are affordable. The price of zinc oxide in India is US$3.44 (Rs.250) per 100 grams. It makes it an easy substitute and therefore acts as one of the major challenges to the photocatalytic coating market.