Photocatalyst Market - Forecast(2023 - 2028)

Report Code: CMR 65690 Report Format: PDF + Excel

Photocatalyst Market Overview

Photocatalyst Market size is expected to be valued at $4.6 billion by the end of the year 2026 and the photocatalyst industry is set to grow at a CAGR of 9.3% during the forecast period from 2021-2026. The increase in the growth of the photocatalyst market is due to the increase in adoption of titanium dioxide (a heterogeneous binary metal oxides photocatalysts), which is produced from heterogeneous catalysis, extensively used for the water treatment process and removal of organic colored pollutants due to its exceptional chemical and physical stability.

Photocatalysis process enables the formation of electric pair holes which is necessary for creating electricity in any electronic product. This increases the need and demand for the photocatalyst market. Furthermore, the need for fresh water and low Volatile Organic Compounds (VOC) content paints and coatings coupled with the increasing infrastructure growth across the globe is also hugely driving the photocatalyst market.

COVID-19 impact

The Covid-19 pandemic has led to the slowdown of photocatalyst market in terms of production and supply chain. This has affected the photocatalyst market in many aspects like overstocking of inventories, supply chain constraints, and disruption in production leaving those companies in huge losses. The economic slowdown has led to the disruption of the operations and production of the photocatalyst market which has caused huge losses to the photocatalyst industry. There are heavy restrictions on imports and exports which is also a huge challenge to the photocatalyst market.

Report Coverage

The report: “Photocatalyst Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Photocatalyst Industry.
By Material Type: Titanium Dioxide, Zinc Oxide, Tin Oxide, Cerium Oxide, Cadmium sulphide and Others.
By Form: Powder, Fines, Sponge, Bars/Blocks, Granules and Ingots.
By Application: Concrete, Paving Stones, Paints and Coatings, Plasters, Fibers, Paper, Water Treatment, Air Purification (filters), Self-Cleaning, Sewage Treatment, Antifouling Treatment, Textile Antibacterial, Antibacterial Treatment, PVCs, Engineering Plastics, Polycarbonates and Others.
By End-Use Industry: Building and Construction Industry, Textile Industry, Medical Industry, Automobile Industry, Marine Industry, Packaging Industry, Petroleum Industry and Others.
By Geography: North America (U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, and Rest of APAC) South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • APAC market held the largest share in the photocatalyst market owing to the growth of the construction sector and significant research and development activities in the countries in the region like China, India, and South Korea.
  • One of the significant reasons contributing to the growth of the photocatalyst industry is the extensive use of titanium dioxide in the water treatment process and removal of organic colored pollutants.
  • The increase in awareness about not polluting the water resources and air quality is also highly driving the photocatalyst market.
  • The covid-19 pandemic has affected the photocatalyst market in adverse ways halting the growth of the market.


Figure: Asia-Pacific Photocatalyst Market Revenue, 2020-2026 (US$ Billion)

Photocatalyst Market
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Photocatalyst Market Segment Analysis - By Product Type

The titanium dioxide segment held the largest share of more than 30% in the photocatalyst market in the year 2020. The increase in demand for titanium dioxide can be attributed to its superior chemical and physical properties such as high stability. Titanium oxide is extensively used in the building and construction industry and the increase in the growth of the building and construction industry is further accelerating the growth of titanium dioxide in the photocatalyst market. Titanium Dioxide is used in roofing tiles and flooring tiles for protection against oxidation. It also enhances the shine of tiles, glass panels and gives a better look. It also has great UV shielding ability which is highly advantageous in terms of health as well as environmental concerns. The global building and construction industry is estimated to earn a revenue of $15.5 trillion, eventually driving the need for photocatalyst industry.

Photocatalyst Market Segment Analysis - By Form

Powder segment held the largest share of more than 25% in the photocatalyst market in the year 2020. Powdered titanium dioxide is used in various key-use industries. There are many types of powdered titanium dioxide, such as hydrogenated powder, alloy powder, and others, used in various end-use industries like hydrogen power generation, 3D printers, manufacturing activities, and many more. Photocatalyst, being a nanostructured material, which enhances the process of heterogeneous catalysis, a process is most commonly used in the water treatment process and air treatment processes. It provides the advantage of ease of handling, high assurance of the purer product, stable particle size distribution, and low-level oxygen content. These advantages are significantly driving the powdered segment of the photocatalyst industry.

Photocatalyst Market Segment Analysis - By Application

Self-Cleaning segment is likely to have the highest application in the photocatalyst market in the year 2020. The rising awareness and concerns associated with the maintenance and cleanliness of buildings are driving the self-cleaning segment of the photocatalyst market. The increase in the adoption of self-cleaning applications in the infrastructure and construction industry is further increasing the demand for the photocatalyst market. The extensive use of self-cleaning glass coating in the window panes of cars is further driving the self-cleaning segment of the photocatalyst industry. The total sales of passenger cars and commercial vehicles amounted to the US $ 91 million globally in the year 2019, which further drives the self-cleaning glass coatings for the window panes.

Photocatalyst Market Segment Analysis - By End-Use Industry

Building and construction segment held the largest share in the photocatalyst market in the year 2020. Titanium dioxide is extensively utilized in the building & construction industry for various major applications which includes air purification, self-cleaning, and self-disinfectant applications. It is used in various applications of the construction industry such as coatings, flooring, and others. For instance, the global building and construction industry is set to reach a revenue of US $8 trillion by the year ending 2030, which is further set to drive the growth of the photocatalyst industry coupled with the increasing awareness for modern applications and sustainable buildings with applications such as air-purification filters, self-cleaning, self-healing applications.

Photocatalyst Market Segment Analysis - By Geography

Asia-Pacific region held the largest share in the photocatalyst market in the year 2020. The increase in building and construction activities in countries like China, India, and South Korea in the APAC region is expected to drive the photocatalyst industry in the Asia-Pacific region. The increase in the research & developmental activities in the building & construction industry in these countries are also contributing to the growth of the photocatalyst market. The revenue of the building & construction industry in China reached US$2.5 trillion in the year 2020, which is further expected to drive the growth of the photocatalyst industry in the APAC region. Furthermore, the raising concerns over the environment in countries in the APAC region is also increasing the demand for the photocatalyst market, since they are used for water treatment process and air treatment processes as well.

Photocatalyst Market Drivers

Increasing concern over pollution

The increase in the concern and importance over pollution of water bodies and the air-quality across various end-use industries is hugely driving the photocatalyst market. For example, the Chinese government imposes a fine of one million yuan on those (individuals or companies) who build sewage outlets in protected drinking water sources. The increasing factory outlets across the globe is one of the key factors contributing to the growth and need for the water treatment process and air treatment process, which is eventually fueling the demand for titanium dioxide. Furthermore, rules and regulations on polluting water bodies are increasingly contributing to the growth of the photocatalyst market. This is fueling the growth of titanium dioxide which is widely used in water treatment processes.

Rising need for less VOC content paints and coatings

The increase in the need for less VOC content paints and coatings and demand for fresh water is one of the significant factors contributing to the growth of the photocatalyst market. The increasing environmental concerns and awareness about sustainable and eco-friendly infrastructure is driving the need for the photocatalyst market. The photocatalyst is extensively used in removing pollutants and other dirt in water bodies as well as in the air contents. This is eventually leading to the increase in the demand of the photocatalyst market which is the primary product used in effective water treatment processes.

Photocatalyst Market Challenges

Availability of substitutes 

The challenge of substitutes exists within the market. The availability of zinc oxide and cadmium sulfide is threatening the replacement of titanium oxide, the highest-grossing substance in the photocatalyst industry. The substitutes offer cheaper solutions which are estimated to act as one of the major challenges of the photocatalyst market. The substitutes are also available at cheaper prices and are affordable. The price of zinc oxide in India is US$3.44 (Rs.250) per 100 grams. It makes it an easy substitute and therefore acts as one of the major challenges to the photocatalyst market.

Market Landscape

New product launches, investments, acquisitions and mergers, collaborations and expansions are some of the key strategies adopted by players in the Photocatalyst Market. Major players in the Photocatalyst Market are CRISTAL, TiPE, TOTO Corporation, KRONOS Worldwide Inc., JSR Corporation, OSAKA Titanium Technologies Co. Ltd, Ishihara Sangyo Kaisha Ltd., BASF SE, Kronos Worldwide, Inc., and Green Millennium among others.

Acquisitions/Technology Launches

  • In April 2019, the titanium oxide business of CRISTAL was acquired by Tronox Holdings which will further strengthen the position of Tronox Holdings in Saudi Arabia.

Relevant Reports

Code: CMR 30422

Code: CMR 1278

For more Chemicals and Materials Market reports, please click here

1. Photocatalyst Market- Market Overview
    1.1 Definitions and Scope 
2. Photocatalyst Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Material Type
    2.3 Key trends by Form
    2.4 Key trends by Application
    2.5 Key trends by End-Use Industry
    2.6 Key trends by Geography
3. Photocatalyst Market – Landscape 
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Major Companies
        3.1.2 Product Benchmarking- Major Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Major Companies
        3.1.5 Pricing Analysis (ASPs will be provided)
4. Photocatalyst Market - Startup companies Scenario Premium Premium
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Photocatalyst Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful venture profiles
    5.4 Customer Analysis – Major companies
6. Photocatalyst Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Photocatalyst Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Supplier and Distributor 
8. Photocatalyst Market – By Material Type (Market Size -$Billion)
    8.1 Titanium Dioxide
    8.2 Zinc Oxide
    8.3 Tin Oxide
    8.4 Cerium Oxide
    8.5 Cadmium sulfide
    8.6 Others
9. Photocatalyst Market – By Form (Market Size -$Billion)
    9.1 Powder
    9.2 Fines
    9.3 Sponge
    9.4 Bars/Blocks
    9.5 Granules
    9.6 Ingots
10. Photocatalyst Market – By Application (Market Size -$Billion)
    10.1 Concrete
    10.2 Paving Stones
    10.3 Paints and Coatings
    10.4 Plasters
    10.5 Fibers
    10.6 Paper
    10.7 Water Treatment
    10.8 Air Purification (filters)
    10.9 Self-Cleaning
    10.10 Sewage Treatment
    10.11 Antifouling Treatment 
    10.12 Textile Antibacterial
    10.13 Antibacterial Treatment
    10.14 PVCs
    10.15 Engineering Plastics
    10.16 Polycarbonates
    10.17 Others
11. Photocatalyst Market - By End-Use Industry (Market Size -$Billion) 
    11.1 Building and Construction Industry
    11.2 Textile Industry
    11.3 Medical Industry
    11.4 Automobile Industry
    11.5 Marine Industry
    11.6 Packaging Industry
    11.7 Petroleum Industry
    11.8 Others
12. Photocatalyst Market - By Geography (Market Size -$Billion) 
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 U.A.E
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Photocatalyst Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs, and Partnerships
14. Photocatalyst Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country - Major companies
        14.1.2 Market Share by Region - Major companies
        14.1.3 Market Share by type of Application - Major companies
        14.1.4 Market Share by type of Product / Product category- Major companies
        14.1.5 Market Share at global level - Major companies
15. Photocatalyst Market – Key Company List by Country Premium Premium
16  Photocatalyst Market Company Analysis
    16.1 Market Share, Company Revenue, Products, M&A, Developments
    16.2 Company 1
    16.3 Company 2
    16.4 Company 3
    16.5 Company 4
    16.6 Company 5
    16.7 Company 6
    16.8 Company 7
    16.9 Company 8
    16.10 Company 9
    16.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Titanium Dioxide Market 2019-2024 ($M) - Global Industry Research
1.2 Zinc Oxide Market 2019-2024 ($M) - Global Industry Research
2.Global Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Air Purification Market 2019-2024 ($M) - Global Industry Research
2.2 Water Purification Market 2019-2024 ($M) - Global Industry Research
2.3 Self-Cleaning Market 2019-2024 ($M) - Global Industry Research
3.Global Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Titanium Dioxide Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Zinc Oxide Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Air Purification Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Water Purification Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Self-Cleaning Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Titanium Dioxide Market 2019-2024 ($M) - Regional Industry Research
5.2 Zinc Oxide Market 2019-2024 ($M) - Regional Industry Research
6.North America Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Air Purification Market 2019-2024 ($M) - Regional Industry Research
6.2 Water Purification Market 2019-2024 ($M) - Regional Industry Research
6.3 Self-Cleaning Market 2019-2024 ($M) - Regional Industry Research
7.South America Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Titanium Dioxide Market 2019-2024 ($M) - Regional Industry Research
7.2 Zinc Oxide Market 2019-2024 ($M) - Regional Industry Research
8.South America Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Air Purification Market 2019-2024 ($M) - Regional Industry Research
8.2 Water Purification Market 2019-2024 ($M) - Regional Industry Research
8.3 Self-Cleaning Market 2019-2024 ($M) - Regional Industry Research
9.Europe Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Titanium Dioxide Market 2019-2024 ($M) - Regional Industry Research
9.2 Zinc Oxide Market 2019-2024 ($M) - Regional Industry Research
10.Europe Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Air Purification Market 2019-2024 ($M) - Regional Industry Research
10.2 Water Purification Market 2019-2024 ($M) - Regional Industry Research
10.3 Self-Cleaning Market 2019-2024 ($M) - Regional Industry Research
11.APAC Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Titanium Dioxide Market 2019-2024 ($M) - Regional Industry Research
11.2 Zinc Oxide Market 2019-2024 ($M) - Regional Industry Research
12.APAC Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Air Purification Market 2019-2024 ($M) - Regional Industry Research
12.2 Water Purification Market 2019-2024 ($M) - Regional Industry Research
12.3 Self-Cleaning Market 2019-2024 ($M) - Regional Industry Research
13.MENA Photocatalyst Market:Material Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Titanium Dioxide Market 2019-2024 ($M) - Regional Industry Research
13.2 Zinc Oxide Market 2019-2024 ($M) - Regional Industry Research
14.MENA Photocatalyst Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Air Purification Market 2019-2024 ($M) - Regional Industry Research
14.2 Water Purification Market 2019-2024 ($M) - Regional Industry Research
14.3 Self-Cleaning Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Photocatalyst Market Revenue, 2019-2024 ($M)
2.Canada Photocatalyst Market Revenue, 2019-2024 ($M)
3.Mexico Photocatalyst Market Revenue, 2019-2024 ($M)
4.Brazil Photocatalyst Market Revenue, 2019-2024 ($M)
5.Argentina Photocatalyst Market Revenue, 2019-2024 ($M)
6.Peru Photocatalyst Market Revenue, 2019-2024 ($M)
7.Colombia Photocatalyst Market Revenue, 2019-2024 ($M)
8.Chile Photocatalyst Market Revenue, 2019-2024 ($M)
9.Rest of South America Photocatalyst Market Revenue, 2019-2024 ($M)
10.UK Photocatalyst Market Revenue, 2019-2024 ($M)
11.Germany Photocatalyst Market Revenue, 2019-2024 ($M)
12.France Photocatalyst Market Revenue, 2019-2024 ($M)
13.Italy Photocatalyst Market Revenue, 2019-2024 ($M)
14.Spain Photocatalyst Market Revenue, 2019-2024 ($M)
15.Rest of Europe Photocatalyst Market Revenue, 2019-2024 ($M)
16.China Photocatalyst Market Revenue, 2019-2024 ($M)
17.India Photocatalyst Market Revenue, 2019-2024 ($M)
18.Japan Photocatalyst Market Revenue, 2019-2024 ($M)
19.South Korea Photocatalyst Market Revenue, 2019-2024 ($M)
20.South Africa Photocatalyst Market Revenue, 2019-2024 ($M)
21.North America Photocatalyst By Application
22.South America Photocatalyst By Application
23.Europe Photocatalyst By Application
24.APAC Photocatalyst By Application
25.MENA Photocatalyst By Application
26.Toto Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Jsr Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Showa Denko K K, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Ishihara Sangyo Kaisha, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Kronos Wide, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Green Millennium, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Cristal, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Tipe, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Nanoptek Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Osaka Titanium Technology Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)