Photocatalyst Market

Photocatalyst: Introduction

• Photocatalysts are substances that induce chemical reactions in the presence of light. Titanium dioxide is a widely employed photocatalyst. It is also known as titanium white and is a highly efficient photocatalyst. Photocatalysts are widely employed in decontamination of water and air purification applications.
• Photocatalyst absorbs lamp light or sunlight for its functioning and does not exhibit any toxicity. There are no external substitutes for photocatalysts; however, internal substitution is expected to increase owing to low cost of these materials.
• Photocatalysts can be hydrophobic or hydrophilic. Photocatalyst materials are used in the manufacture of self-cleaning glass. Photocatalyst materials, mostly titanium dioxide, are added to the glass. These are capable of decomposing dirt that gets deposited on the surface.

Key Drivers and Restraints of Global Photocatalyst Market

• Increase in adoption of photocatalysts in water and air purification, owing to significant growth of various industries, and depleting freshwater resources are key factors expected to drive the global photocatalyst market during the forecast period
• Rise in demand for photocatalysts in the building & construction industry, owing to its various features, is another factor anticipated to fuel the market during the forecast period
• Presence of favorable rules and regulations due to the non-toxic nature and environmental friendly properties of photocatalysts is also projected to propel the market during the forecast period

Photocatalyst: Segmentation

• The photocatalyst market can be segmented based on material and application
• Based on material, the market can be bifurcated into titanium dioxide and zinc oxide
• In terms of application, the market can be divided into self-cleaning, air purification, and water purification

COVID-19 Impact on Photocatalyst Market

• Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Graveyards and crematoriums have been working continuously to tackle the rise in dead bodies. Supply chains are facing disruptions, leading to disturbances in production activities in many countries.
• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• Manufacture of oil and gas, food and beverages, and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the photocatalyst market.

Asia Pacific to Dominate Photocatalyst Market

• In terms of region, the global specialty sorbent market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific accounts for leading share of the global photocatalyst market. Expansion of the market in the region can be ascribed to the rapid expansion of the economy pof India and China. The region is a prominent market for photocatalyst. It market is anticipated to expand at a rapid pace during the forecast period.
• North America follows Asia Pacific in terms of share of the global photocatalyst market. Europe is also a significant consumer of photocatalyst. Latin America and Middle East & Africa are relatively minor markets; however, these regions offer lucrative opportunities to the photocatalyst market.

Key Manufacturers Operating in Global Photocatalyst Market

The global photocatalyst market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global photocatalyst market include:

• Toshiba Materials Co., Ltd.
• Cristal
• Kronas Worldwide, Inc.
• Osaka Titanium Technologies Co., Ltd.
• The Chemours Company
• Showa Denko K.K.
• Cosmo Chemical Co., Ltd
• Toto Ltd.
• Nippon Soda Co., Ltd.
• Nagamine Manufacturing Co., Ltd.
• Sakai Chemical Industry CO., Ltd.

Global Photocatalyst Market: Research Scope

Global Photocatalyst Market, by Material

• Titanium Dioxide
• Zinc Oxide

Global Photocatalyst Market, by Application

• Self-cleaning
• Air Purification
• Water Purification

Global Photocatalyst Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa