Global Photocatalyst Market to Reach USD 5.0 Billion by 2033, Fueled by Rising Concerns about Health and Hygiene

December 19, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Photocatalyst Market Report by Type (Titanium Dioxide, Zinc Oxide, and Others), Form (Powder, Fines, Sponge, Bars/Blocks, Granules, Ingots), Application (Self-Cleaning, Air Purification, Water Treatment, Anti-Fogging, and Others), and Region 2025-2033,” the global photocatalyst market size reached USD 2.7 Billion in 2024. A photocatalyst is a substance that, upon absorbing light, can facilitate or catalyze a chemical reaction by providing an alternative, lower-energy reaction pathway. It remains unaltered post-reaction, hence reusable. Photocatalyst is often utilized in a variety of applications, spanning environmental remediation, self-cleaning surfaces, antimicrobial coatings, and renewable energy production via hydrogen generation. It functions by absorbing light, typically ultraviolet (UV), to energize its electrons to a higher energy state. The excited electrons can then participate in various redox reactions. Some of the widely used photocatalysts include titanium dioxide (TiO2) and zinc oxide, renowned for their high photocatalytic activity and chemical stability.

Global Photocatalyst Market Trends:

The global photocatalyst market is primarily driven by an escalating demand for products with self-cleaning properties and an increasing emphasis on environmental sustainability. Concurrent with this, the rising environmental concerns, including air and water pollution, have expanded the adoption of photocatalysts for pollutant degradation and disinfection purposes, which is significantly propelling the market growth. Moreover, the self-cleaning property of photocatalysts, particularly attractive for architectural and construction applications, is boosting their market demand. Besides this, the growing awareness and concerns about health and hygiene in the wake of recent pandemics are spurring the use of photocatalytic products in healthcare and household applications. In line with this, their antimicrobial characteristics make them effective for sterilization and disinfection, thus encouraging their use in medical devices, hospital environments, and everyday consumer products. Furthermore, the urgent need for renewable energy sources is influencing research into photocatalysts' potential in hydrogen production through water splitting, creating a favorable outlook for the market. Concurrently, government regulations promoting the use of environmentally friendly products and processes are acting as significant growth-inducing factors. Apart from this, ongoing technological advancements and research initiatives aimed at enhancing the efficiency of photocatalysts and extending their light absorption to visible light are aiding in market expansion. Looking forward, the market value is projected to reach USD 5.0 Billion by 2033, expanding at a CAGR of 6.8% during 2025-2033.

Market Summary:

On the basis of the type, the market has been divided into titanium dioxide, zinc oxide, and others.
Based on the form, the market is categorized into powder, fines, sponge, bars/blocks, granules, and ingots.
On the basis of the application, the market has been segregated into self-cleaning, air purification, water treatment, anti-fogging, and others.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being 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. and Tronox Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Form, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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. and Tronox Limited
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Photocatalyst Market to Reach USD 5.0 Billion by 2033, Fueled by Rising Concerns about Health and Hygiene

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