Photocatalyst Market Size, Share, Growth Analysis, By Type(Titanium Dioxide, Zinc Oxide, Tin Oxide, and Cerium Oxide.), By Form(Powder, Fines, Sponge, Bars/Blocks), By Application(Self-Cleaning, Air Purification, Water Treatment, Anti-Fogging), By End User(Building and Construction Industry, Textile Industry, Automotive Industry, Packing Industry), By Region - Industry Forecast 2024-2031

Photocatalyst Market size was valued at USD 3.1 billion in 2021 and is poised to grow from USD 3.43 billion in 2022 to USD 7.61 billion by 2030, growing at a CAGR of 10.5% in the forecast period (2023-2030).

The competitive landscape for photocatalysts contains information provided by a rival. Included information includes the company's executive summary, financials, revenue generated, market potential, investments in R&D, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product breadth and depth, and application dominance. Only the companies' attention to the photocatalyst market is covered by the data points mentioned above. 'TOTO Ltd.', 'Ishihara Sangyo Kaisha, Ltd.', 'Showa Denko K.K.', 'JSR Corporation', 'KRONOS Worldwide, Inc.', 'Kanto Kagaku Co. Ltd.', 'Sakai Chemical Industry Co. Ltd.', 'Mitsubishi Chemical Corporation', 'Millennium Inorganic Chemicals, Inc.', 'Fujimi Corporation', 'Tayca Corporation', 'Altairnano', 'Saint-Gobain S.A.', 'Cabot Corporation', 'Cristal Global', 'Evonik Industries AG', 'PPG Industries, Inc.', 'Wacker Chemie AG', 'Nanoptek Corporation', 'BHP Billiton', 'In 2022, Lomon Billions to promote new titanium dioxide pigments for coatings and inks at ACS 2022', 'In 2022, Lomon Billions simplified the branding of its titanium dioxide pigments.', 'In 2022, The Chemours Company and N.C A&T Partner to advance chemistry and chemical engineering education and opportunities for students.'

The growth of the air and water purification industries is boosting demand for photocatalysts worldwide. For the purpose of removing leftover colours from the textile and paper industries, photocatalysts are frequently used in water treatment applications. In the treatment of wastewater and drinking water, it has been widely used.

Due to growing industrialisation and the depletion of freshwater supplies, there is currently a severe water shortage. This is one of the main driving forces behind market expansion. With their outstanding chemical characteristics and capacity to break down organic molecules, photocatalysts improve the water treatment process. As they do not display toxicity and need lamplight or sunshine to work, they are also environmentally beneficial. Additionally, photocatalysts are used more frequently in the construction sector since they are produced with materials that are self-cleaning and serve as a barrier for dust and stains. This is fueling market expansion coupled with rising demand for low volatile organic compound (VOC) coatings and the rise of the building sector. Furthermore, top producers are consistently funding research and development (R&D) projects to provide cutting-edge photocatalyst materials that utilise zinc oxide (ZnO) and calcium sulphide (CdS). The use of these materials in the creation of air conditioning systems, air filters, and ventilation is being positively influenced by this together with the rising worries about pollution. In addition, the market is being driven by the expanding use of photocatalysts on glass surfaces, such as optical lenses, refrigerated showcases, road mirrors, bathroom or dresser mirrors, glass films, and other surfaces.

North America is expected to register the fastest growth due to technological innovation and increasing investment in the area. Additionally, it is anticipated that the region's demand for photocatalysts would be primarily driven by the product's growing awareness and low maintenance costs. The availability of cutting-edge technology, significant investments in R&D, increased construction spending, and growing public concern about reducing environmental effects are some of the major drivers of market expansion.