Riding high on Saudi Arabia’s nanotechnology photocatalysis coatings market, poised to reach US$ 47.0 million by 2033. Fueled by a 13.9% CAGR, healthcare and infrastructure sectors propel demand for sterile surfaces, driving this growth surge.
NEWARK, Del, Dec. 13, 2023 (GLOBE NEWSWIRE) — The AMEA (Asia and Middle East and Africa) nanotechnology photocatalysis surface coating business value is predicted to increase from US$ 85.3 million in 2023 to US$ 255.2 million by 2033. Over the assessment period, demand for nanotechnology photocatalysis surface coatings in AMEA is projected to surge at a CAGR of 11.7%.
Healthcare facilities are expected to dominate the Asia and Middle East and Africa nanotechnology photocatalysis surface coating business with a volume share of around 47.0% in 2023. This is attributable to the rising usage of these coatings in healthcare settings due to their essential role in infection control, reducing healthcare-associated infections, enhanced surface durability, compliance with regulatory standards, and increasing public health concerns.
Nanotechnology photocatalysis surface coatings are gaining traction due to their ability to revolutionize surface treatments across several sectors. These coatings leverage the power of nanotechnology to provide advanced functionalities such as self-cleaning, antimicrobial properties, and pollution control. Their remarkable efficiency in breaking down organic contaminants when exposed to light has positioned them as a key solution for improving air and water quality.
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Companies looking for innovative and sustainable surface treatment solutions are increasingly turning to nanotechnology photocatalysis surface coatings. These coatings, with their eco-friendly and multifunctional properties, offer a competitive edge in sectors ranging from healthcare and automotive to construction and textiles.
When exposed to light, TiO2 generates reactive oxygen, effectively disinfecting and sterilizing surfaces, thereby reducing the risk of infections caused by harmful pathogens. This property is of immense importance in healthcare settings where infection control is a paramount concern.
By harnessing the infection-resistant and biocompatible qualities of TiO2, medical device manufacturers are contributing to a trend that not only enhances healthcare outcomes but also minimizes the risks associated with medical procedures and interventions.
Key Takeaways from the Report-
- By 2033, AMEA nanotechnology photocatalysis surface coatings demand is anticipated to rise at an 11.7% CAGR.
- Saudi Arabia is set to hold around 18.4% of the Asia and Middle East and Africa business share in 2033.
- Healthcare facilities are expected to dominate the AMEA nanotechnology photocatalysis surface coating business with a share of 47.0% in 2023.
- The automotive and transportation segment is anticipated to witness a high demand with a projected 12.0% CAGR during the forecast period.
- AMEA nanotechnology photocatalysis surface coating business is poised to exhibit healthy growth, totaling a valuation of US$ 255.2 million by 2033.
- Sales of nanotechnology photocatalysis surface coatings in China are projected to soar at a CAGR of 10.6% during the assessment period.
“The global focus on health and hygiene, especially in healthcare facilities, has led to a surging adoption of TiO2 coatings. These coatings offer self-cleaning and antimicrobial properties, helping to maintain sterile and hygienic surfaces, which is vital in healthcare, food processing, and public spaces.” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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Competitive Landscape
The AMEA nanotechnology photocatalysis surface coating business is fragmented, with leading players accounting for about 20% to 25% share.
Key Companies Profiled
- TRONOX
- TOTO Group
- LB Group
- Chemours (Ti-Pure)
- Ishihara Sangyo Kaisha
- Höganäs AB
- Hangzhou Harmony Chemical Co., Ltd.
- Guangdong Sky Bright Group Co., Ltd
- Nanofilm Ltd.
- Inter-China Chemicals
- TOR Specialty Minerals
- Nilima Nanotechnologies
- Vetro Sol
- GB Neuhaus GmbH
- Green Millennium, Inc
Key nanotechnology photocatalysis surface coatings companies are investing in continuous research for producing new products and increasing their production capacity to meet end-user demand. They are also showing an inclination toward adopting strategies, including acquisitions, partnerships, mergers, and facility expansions, to strengthen their footprint.
For instance,
- In March 2023, PPG Industries, a global leader in paints and coatings, announced a breakthrough in nanotechnology photocatalysis coatings. They unveiled a new range of coatings designed to actively combat air pollution and improve air quality.
- In April 2023, TOTO Corporation, a Japan-based manufacturer of sanitary ware and plumbing equipment, introduced innovative bathroom fixtures featuring nanotechnology photocatalysis coatings.
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Nanotechnology Photocatalysis Surface Coating Industry Analysis in AMEA Segmentation
By Substrate Type:
By End-use:
- Automotive and Transportation
- Healthcare Facilities
- Countertops
- Door Handles
- Medical Equipment
- Others
- Consumer Electronics (Durables and Appliances)
- Textile and Fabrics
- Technical Textile
- Apparel and Garments
- Furniture and Curtain Upholstery
- Footwear
- Others
- Commercial and Household Products
- Sanitaryware Products and Accessories
- Kitchenware and Tableware
By Region:
- Saudi Arabia
- Other GCC Countries
- Asia
- Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward.’
Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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About Future Market Insights (FMI)
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