Photocatalyst Market to Record an Exponential CAGR | 2026
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.
They are widely employed for decontamination of water and air
purification applications. Photocatalysts can be hydrophobic or
hydrophilic in nature. An interesting application of photocatalyst
materials is manufacturing of self-cleaning glass. Photocatalyst
materials, mostly titanium dioxide, are added to the glass and is
capable of decomposing dirt that gets deposited on the surface.
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Photocatalyst
Market: Overview
In
terms of material, the photocatalyst market can be classified into
titanium dioxide, zinc oxide, cadmium sulfide, and others. The
titanium dioxide held a prominent share of the photocatalyst market.
Based on application, the photocatalyst market can be segmented into
air purification, water purification, self-cleaning, and others. The
self-cleaning segment is expanding at a rapid pace. Titanium dioxide
is extensively utilized in building & construction. Major
applications in building & construction include air purification,
self-cleaning, and self-disinfectant. In terms of end-use industry,
the photocatalyst market can be segregated into construction,
automotive, chemical, environmental, medical, consumer products, and
others.
Photocatalyst
Market: Market Trends & Developments
Photocatalyst
are employed in diverse industries and end-uses. Japan is one of the
developed countries having a prominent market for photocatalyst. A
major driver for the demand for photocatalyst in the country is
self-cleaning applications, which are gaining popularity on a global
level as well. Countries such as Japan, and regions such as Europe
and North America are technologically advanced, as compared to other
regions across the world. Demand for photocatalyst is expected to
rise at a healthy pace in the regions and countries mentioned above
during the forecast period.
Photocatalyst
Market: Regional Outlook
In
terms of region, the global market for photocatalyst can be segmented
into North America, Europe, Asia Pacific, Middle East & Africa
and Latin America. Asia Pacific accounts for a leading share of the
global photocatalyst market. Expansion of the market in the region is
due to countries such as India and China, which are rapidly expanding
economies. The region is a prominent market for photocatalyst and the
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.
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Photocatalyst
Market: Key Players
Key
players operating in the photocatalyst market include TOTO
Corporation (TOTO LTD.), JSR Corporation, Showa Denko K.K, Ishihara
Sangyo Kaisha Ltd., BASF SE, Kronos Worldwide Inc., Green Millennium,
CRISTAL, TiPE, Nanoptek Corp., Daikin Air Conditioning India Pvt.
Ltd., and Osaka Titanium Technologies Co. Ltd.
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