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Photocatalyst Market to be Dominated by Purification applicability through 2028

Rising demand for purification applications is expected to drive Global Photocatalyst market in the forecast period 2024-2028.

According to TechSci Research report, Photocatalyst Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Photocatalyst Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Photocatalyst Market is increasing demand from the building & construction sector, as photocatalyst coating help in removing dirt from the surface. The use of photocatalyst is expected to expand in the next years as it is used to coat optically transparent glass materials, which are used in many applications, including automobile, electronics, medical & solar energy generation which will further fuel the growth of Global Photocatalyst market. For instance, the National Bureau of Statistics of China estimates that the value of China's construction production peaked in 2021 at around USD 4.2 trillion. Photocatalyst are help in the decontamination of air and water purification process which increase its utilization in water treatment, sewage treatment, and antifouling treatment as well as increasing use of self-cleaning glass coating in the window panes of cars result in increasing demand of photocatalyst. Along with this need for less VOC contents in paints & coating due to increasing concern regarding eco-friendly infrastructure the demand of photocatalysts increases which led to the growth of Global Photocatalyst Market in the upcoming years.

Furthermore, the market is being further stimulated by the extensive use of photocatalysts in textile antibacterial, and antibacterial treatment in various medical facilities.

However, the high capital investment for production can slow down market growth. Also, the availability of substitutes can further slowdown market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Photocatalyst Market"

Global Photocatalyst Market is segmented based on material, application and region.

Based on material, the market is segmented into titanium dioxide, zinc oxide, and others. Titanium Dioxide segment will experience the highest market share during the forecast period, 2024-2028. Due to its superior chemical and physical properties such as high stability and less toxic in nature.

Based on application, the market is segmented into self-cleaning, air purification, water purification, and others. Self-Cleaning segment will experience the highest market share during the forecast period, 2024-2028. As it greatly reduces the extent of dirt adhesion on surfaces.

Major companies operating in the Global Photocatalyst Market are:

  • Kronos Worldwide Inc.
  • Syzygy Plasmonics Inc.
  • PCN Materials IKE
  • Photocat AS
  • TitanPE Technologies, Inc.
  • Venator Materials PLC
  • Tronox Holdings plc
  • The Chemours Company
  • Green Millennium Inc.
  • LB Group Co Ltd.

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“Asia Pacific region is expected to grow at the highest rate during the forecast period. This is due to the rising construction activity and the growing demand of paint and coatings in a different sector. Additionally, presence of major manufacturer and increasing R&D activities creates lucrative opportunities for market growth. Furthermore, in North America, rising awareness, the low maintenance cost of the product, and adopting the technological innovation create huge prospects of market growth during the forecast period ,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Photocatalyst Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Material (Titanium Dioxide, Zinc Oxide, Others), By Application (Self-cleaning, Air Purification, Water Purification, Others), By Region and Competition, has evaluated the future growth potential of Global Photocatalyst Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Photocatalyst Market.”


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