Global Photocatalyst Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Photocatalyst Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global photocatalyst market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global photocatalyst market report has been segmented on the basis of material type, application, and region.
Photocatalyst is used in photocatalysis process for absorbing light to bring it to higher energy level and provide the energy to a reacting substance in order to make a chemical reaction occur. The catalyst create electron–hole pairs, which generate free radicals such as hydroxyl radicals to undergo secondary reactions. It is used for various applications such as conversion of water to hydrogen gas, self-cleaning glass, solar water disinfection and self-sterilizing photocatalytic coatings.
Growing adoption of photocatalyst in air and water purification, owing to rapid growth of various industries and depleting freshwater resources, is a key factor expected to drive growth of the global photocatalyst market over the forecast period. In addition, increasing demand of photocatalyst in building & construction industry, owing to its various features, is another factor anticipated to fuel growth of the target market over the forecast the period. Moreover, favorable rules and regulations pertaining to photocatalyst, due to its non-toxic and environmental friendly properties, is a dynamic factor expected to propel growth of the target market over the forecast period.
However, high initial investment cost, is a major factor may restrain growth of the global photocatalyst market over the forecast period. Increasing adoption of photocatalyst in developing countries and commercialization of the product, are factors expected to create lucrative opportunities for driving growth of the global photocatalyst market over the forecast period.
Analysis by Segment:
On the basis of product type, the titanium dioxide segment is expected to hold major revenue share in the global photocatalyst market during the forecast period, owing to its exceptional chemical and physical stability. On the basis of application, the self-cleaning segment accounted for highest share in terms of revenue and is projected to grow at a faster rate in the target market over the forecast period. This can be attributed to the growing adoption of the product from infrastructure & construction industry.
Analysis by Region:
The Asia Pacific photocatalyst market is expected to account for significant revenue share in the target market over the forecast period. Increasing research and development activities and growing adoption of the product for various application in countries such as Japan, China, and India, are estimated to fuel growth of the target market in the region. The North America photocatalyst market is projected to witness significant growth rate in the target market during the forecast period, owing to technological innovation and increasing investment R&D in countries in the region. The photocatalyst market in Europe is anticipated to register moderate growth in terms of revenue in the global photocatalyst market in the next coming years.
Market Segmentation and Key Players Operating in The Global Photocatalyst Market:
Segmentation on The Basis of Material Type:
- Titanium Dioxide
- Zinc Oxide
- Others (Cadmium Sulfide, Ferric Oxide, Tungsten Trioxide, Niobium Pentoxide, and Russellite)
Segmentation on the Basis of Application:
- Air Purification
- Water Purification
- Others (Self-sterilizing Photocatalytic Coatings and Self-disinfectant)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- TOTO LTD.
- JSR Corporation
- SHOWA DENKO K.K.
- ISHIHARA SANGYO KAISHA, LTD.
- BASF SE
- KRONOS Worldwide, Inc.
- Green Millennium Inc.
- TitanPE Technologies, Inc.
- Nanoptek Corp.
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