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    Photocatalyst Market Size, Share & Forecasts | 2020-25

    Photocatalyst Market Size, Share & Forecasts | 2020-25
    Report code - SRAM209 Delivery - 2 Weeks
    Photocatalyst Market Size, Share, Trend, Forecast & Industry Analysis – 2020-202 See more...
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    Photocatalyst Market Insights

    Photocatalyst market is likely to witness an impressive CAGR of 11.7% during the forecast period. Depleting fresh water sources and rising air and water pollution are now a global problem from the last few decades. In order to combat with the issues of depleting fresh water sources and global warming there is significant requirement of solution that can help in reducing water and air pollution. Photocatalyst are the substances that stimulate chemical reaction by absorbing light which plays a crucial role in purification of water and air by eradicating bacteria. The growing demand for fresh water and low VOC content paints and coatings are the major factors that are expected to drive the demand for Photocatalyst.

    Photocatalyst Market - Snapshot

    Growth

    11.7% for the next five years

    Major Material Type

    Titanium Dioxide

    Dominant Application Type

    Self-cleaning application

    Region with the highest demand

    Asia-Pacific

    Key Players

    TOTO LTD., JSR Corporation, Showa Denko K.K., Ishihara Sangyo Kaisha Ltd., BASF SE, Kronos Worldwide Inc., Green Millennium, CRISTAL, Nanoptek Corp., and Osaka Titanium Technologies Co., Ltd.

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    Photocatalyst Market Share: By Material Type

    Based on the material type, the market is segmented as Titanium Dioxide, Zinc Oxide, and others. The Titanium Dioxide segmented dominated the global photocatalyst market and is expected to maintain its leading position during the forecast period. However, it is estimated that the Zinc Oxide segment will witness the highest growth during the forecast period, owing to its low cost in comparison to Titanium Dioxide and ongoing research and development work in order to enhance the use of material. 

    Photocatalyst Market Share: By Application Type

    Based on the application type, the market is segmented as self-cleaning, air purification, water purification, and others. The self-cleaning application segment is projected to witness the highest growth during the forecast period, owing to its increasing application in the building & construction industry. Revival of construction industry in North America and Europe after subprime crises and Euro debt crises along with significant investment by developing economies towards building and infrastructure is likely to drive the demand for Photocatalyst in self-cleaning applications.

    Photocatalyst Market Share: By Region

    In terms of regions, Asia-Pacific dominated the market and is expected to witness substantial growth during the forecast period. China and Japan are the growth engines of the market, owing to the expanding construction sector and significant research and development activities. North America is expected to witness the fastest growth, owing to increasing investment and revival of the construction sector. Further, rising awareness among the consumers and low-maintenance cost associated with product is likely to act as a catalyst towards the growth of the North American market. 

    Some of the major players in the photocatalyst market are TOTO LTD., JSR Corporation, Showa Denko K.K., Ishihara Sangyo Kaisha, Ltd., BASF SE, Kronos Worldwide, Inc., Green Millennium, CRISTAL, Nanoptek Corp., and Osaka Titanium Technologies Co., Ltd.

     

    Market Scope & Segmentation

    Photocatalyst is mainly a substance that helps in accelerating a reaction such as the role of chlorophyll in the method of photosynthesis. When the photocatalyst or also known as a semiconductor material surface comes in contact with a source of light, the process of photocatalysis takes place.

    Photocatalysts can be of various types such as Titanium Dioxide, Zinc Oxide, and others. Photocatalysts are known for a number of beneficial properties such as anti-bacterial effect, deodorizing effect, air purifying effect, anti-fogging, self-cleaning, and many others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Photocatalyst Market Research Report – Features

    Market Segmentation

    3 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The Photocatalyst market is segmented into the following categories. 

    Photocatalyst Market Size, Share & Forecast, by Material Type:

    • Titanium Dioxide (TiO2) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Zinc Oxide (ZnO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Photocatalyst Market Size, Share & Forecast, by Application Type:

    • Self-Cleaning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Air Purification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Water Purification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Photocatalyst Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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