Photocatalyst Market Set to Surge Significantly During 2021-2031
Photocatalyst Market Set to Surge Significantly During 2021-2031
Published by TMR Research Insights
Posted on September 28, 2021
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
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:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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
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:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
