IMARC Group, a leading market research company, has recently releases report titled “Photocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″ The study provides a detailed analysis of the industry, including the global photocatalyst market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the photocatalyst market?
The global photocatalyst market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.
What is a photocatalyst?
A photocatalyst is a substance that can accelerate a chemical reaction when exposed to light, typically ultraviolet (UV) or visible light. It achieves this by initiating or facilitating a reaction that would not occur without light. It is widely employed in photocatalytic oxidation, breaking down organic pollutants, bacteria, and other contaminants in air and water. Titanium dioxide (TiO2) is one of the most used photocatalysts. Photocatalysis has the potential for harnessing solar energy through processes like water splitting for hydrogen production, making it a significant area of research and innovation. At present, photocatalysts find extensive applications in air and water purification, self-cleaning surfaces, and solar energy conversion technologies across the globe.
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What are the growth prospects and trends in the photocatalyst industry?
The global photocatalyst market is primarily driven by the increasing awareness of environmental sustainability and the rising need for air and water purification technologies. Moreover, the growing emphasis on green building practices and self-cleaning surfaces has escalated the use of photocatalytic coatings and materials, particularly in construction and architectural applications. Apart from this, the rapid expansion of the healthcare sector has augmented the demand for photocatalytic materials in the development of antimicrobial surfaces and medical devices that enhance hygiene and infection control, thereby propelling market growth. Furthermore, the integration of photocatalysis into renewable energy systems, such as water splitting for hydrogen production and air purification in indoor environments, is contributing to market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Titanium Dioxide
- Zinc Oxide
- Others
Breakup by Form:
- Powder
- Fines
- Sponge
- Bars/Blocks
- Granules
- Ingots
Breakup by Application:
- Self-Cleaning
- Air Purification
- Water Treatment
- Anti-Fogging
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Daicel Corporation
- Ishihara Sangyo Kaisha Ltd
- Japan Photocatalyst Center Co. Ltd.
- Kaltech Co. Ltd.
- Nanoptek Corporation
- Sakai Chemical Industry Co Ltd
- Showa Denko K. K.
- Souma Co. Ltd.
- Tayca Corporation
- The Chemours Company
- Toto Ltd.
- Tronox Limited
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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