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?

What is a photocatalyst?

A photocatalyst is a substance that induces a chemical reaction in the presence of light. It is produced using easily available materials, such as oxysulfides, metal sulfides, metal oxides, oxynitrides, and composites. It absorbs light to reach a higher energy level and provide energy to a reacting substance resulting in a chemical reaction.

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What are the growth prospects and trends in the photocatalyst industry?

The market is primarily driven by the increasing utilization of photocatalysts in the water treatment process as they have superior chemical properties and the ability to decompose organic compounds, which enhances the water treatment process. Moreover, as they are made with self-cleansing materials that act as a barrier for stains and dust, photocatalysts also find application in the construction industry. Furthermore, key players are significantly investing in research and development (RD) activities to introduce innovative photocatalysts materials using calcium sulfide (CdS) and zinc oxide (ZnO). On account of these factors, the market is expected to witness positive growth in the upcoming years.

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.

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