Photocatalysts Market 2022-2029
The global photocatalyst market was pegged to be on the higher side of US$ 2 Bn, while expanding at a significant growth rate of around 10%, crossing the US$ 6 Bn mark by the end of the forecast period.
The report evaluates the photocatalyst market, and projects the upcoming market scenario on the basis of type, form, application, and region. As per the information delivered in this report, titanium dioxide photocatalysts are anticipated to account for a high proportion in regards to the consumption (greater than 70%) over the forecast period.
Amongst the forms, photocatalysts are noted to be highly preferred in the powder segment, and this is anticipated to remain the top-consumed form of photocatalysts, witnessing fast-paced growth over the forecast period. In view of applications, the water treatment application accounts for a significant proportion of the photocatalyst market, with the air purification and building materials segments registering relatively fast growth over the forecast period.
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The production of photocatalysts is observed to be highly intense in the East Asia region. Countries such as China and Japan are noted to be the front runners, not only in the production of photocatalysts, but are also the larger markets for photocatalyst manufactures. With the prime focus hovering around developing innovative products and novel applications in the photocatalyst market, manufacturers are also noted to indulge in product launches and capacity expansions.
Key Players:
The report has profiled some of the important players prevalent in the global like – Daicel Corporation, Toshiba Materials Co., Ltd., Ishihara Sangyo Kaisha, Ltd., KRONOS Worldwide, Inc., The Chemours Company, OSAKA Titanium Technologies Co., Ltd., Tayca Corporation, Showa Denko K.K., TOTO Ltd., and Nippon Soda Co., Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Photocatalysts Market.
The Rising Demand for Photocatalysts in Building Materials & Paints and Coatings is Anticipated to Fuel the Growth of the Global Market
Photocatalysts, especially titanium dioxide, are increasingly used in manufacturing building materials (such as tiles and blocks) and paints & coatings, owing to their characteristic self-cleaning and anti-bacterial properties, among others. Growth in the construction industry and paints & coatings industry is expected to optimistically impact the overall photocatalyst market.
The rising focus of the research fraternity in developing products effective to visible light sources, as they are to UV rays, is anticipated to keep the market driven over the forecast period. The rising awareness surrounding air pollution and its hazardous effects on human health is considered to be a prime factor in the market for the sales of air purifiers. Photo-Catalytic Oxidation (PCO) air purifiers are witnessing higher demand, hence, are contributing to the upsurge in the demand for photocatalysts.
Rising Industrial Activities in East Asia Have Led to Higher Production as Well as Consumption of Photocatalysts in the Region
Numerous manufacturers of photocatalysts are noted to be located in East Asian countries such as Japan and China. Not only is this region one of the leading producers of photocatalysts, but also consumes a larger proportion of photocatalysts. Japan is estimated to account for a prominent proportion in the photocatalyst market, creating high revenue opportunities for market participants. North America and Europe are estimated to represent significant growth by the end of the forecast period, cumulatively creating revenue opportunities well over US$ 1 Bn. In terms of growth, the South Asia photocatalyst market is forecast to showcase robust growth over the forecast period.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Photocatalysts Market Manufacturers
Photocatalysts Market Distributors/Traders/Wholesalers
Photocatalysts Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Photocatalysts Market – Report Highlights
- A detailed overview of parent market of Photocatalysts Market
- Changing Photocatalysts Market dynamics in the industry
- In-depth segmentation of the Photocatalysts Market
- Historical, current, and projected Photocatalysts Market size regarding volume and value
- Recent industry trends and developments in Photocatalysts Market
- Competitive landscape of the Photocatalysts Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Photocatalysts Market performance
- Must-have information for Photocatalysts Market players to sustain and enhance their market footprint
Key Questions Answered in the Photocatalysts Market Report
How is the Photocatalysts Market expected to grow over the projected period?
What direction is the Photocatalysts Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Photocatalysts Market in future?
What are the key market drivers in the Photocatalysts Market?
What are significant opportunities and improvement areas for Photocatalysts Market manufacturers?
What are the key developments and trends taking over the Photocatalysts Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Photocatalysts Market?
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