PHOTOCATALYTIC COATING MARKET ANALYSIS
The global photocatalytic coatings market is estimated to surpass US$ 19.68 billion by the end of 2030 in terms of revenue, exhibiting a CAGR of 24.5% during the forecast period (2022 to 2030).
Market Trends
Titanium dioxide is a white powder that is commonly used as a white pigment, white plastic, and white paper ingredient. It is also used in cosmetics because it absorbs ultraviolet radiation. In order to increase its photo catalytic capability, titanium dioxide photo catalyst is produced by slightly altering its crystal structure and converting it to fine powder. When exposed to ultraviolet light, it exhibits decomposing capacity and hydrophilic qualities. Due to such factors, the market for photocatalytic coatings is expected to have a steady growth during the forecast period.
Among Coatings Type, Titanium Oxide segment held a major market share in 2021 and is expected to retain its dominance throughout the forecast period. Due to the factors that contribute to its high stability and cheap cost, the market for photocatalytic coatings is anticipated to grow during the forecast period.
Photocatalytic Coating Market Report Snapshots
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