Photocatalyst Market Size, Status and Growth Opportunities by 2029

Posted by Neha on November 30th, 2020

XploreMR delivers a comprehensive breakdown of the global photocatalyst market, in its report titled, ‘Photocatalyst Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029’. The prime objective of this report is to convey complete analysis and comprehensions affecting the photocatalyst market. To estimate the market value of photocatalysts, the team has considered FY 2018 as the base year, and market values have been evaluated keeping in mind the trends, driving factors, and important developments by key market participants. The compound annual growth rate (CAGR) for photocatalysts has been derived for the period of 2019 to 2029.

A photocatalyst is a material that undergoes photosensitization, wherein, a photochemical modification occurs as a result of the absorption of radiation from solar as well as other visible light sources. Photocatalysts are mainly used for comprehensive air treatment, water purification, sewage treatment, textile antibacterial and antifouling treatment, and antibacterial treatment of medical facilities.

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This global photocatalyst market report contains more than 20 sections that describe market numbers in terms of volume in tons and value in US$ Mn, at regional and global levels. The first section of the global photocatalyst market report covers an executive summary that elaborates on the trends being witnessed in the market, from the demand side as well as supply side. The subsequent section covers the global photocatalyst market introduction, including the market definitions of the segments considered, market taxonomy by type, form, application, and region, and other information that is significant to the market.

In the following section of the global photocatalyst market report, we have included market viewpoints, including macroeconomic factors, forecast factors, Porter’s analysis, and value chain analysis, along with a list of distributors, manufacturers, and end users. The next section of the global photocatalyst market report comprises the global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. The fifth section of the global photocatalyst market report includes qualitative as well as quantitative analysis of the photocatalyst market by every segment of the market.

The report emphasizes on evaluating the market opportunities, and getting a comprehensive understanding of the photocatalyst market. The photocatalyst market report particularizes on the regional analysis, market dynamics, market structure, and competition landscape of the photocatalyst market for the next ten years, i.e. 2019-2029.

Each section of the photocatalyst market report includes a qualitative and quantitative assessment of the market on the basis of historical data, developments and facts, and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, press releases, etc. The report on the global photocatalyst market includes some of the major players in the photocatalyst market such as Kronos Worldwide, Inc., The Chemours Company, Showa Denko K.K., Nippon Soda Co., Ltd., and Tayca Corporation, among others.

Research Methodology

The preliminary stage of the research analysis includes product mapping pertaining to the companies involved in the photocatalyst market, which is necessary for understanding the market scenario. Further, the application areas of different products were determined through primary and secondary research. Stages of research involved the counter-validation of data collected the by the top-down and bottom-up approach. To analyze the market trends and opportunities for photocatalyst manufacturers, the global photocatalyst market has been segmented on the basis of type, form, application, and region.

For the analysis of consumption, the XploreMR team has considered FY 2018 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government as well as private agencies, World Bank sources, FAO & photocatalysts associations such as Photocatalyst Industry Association of Japan (PIAJ) & Korea Photocatalyst Association, Trade Map sources, etc.

The collected data was validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies, and regional representatives. For the final analysis of market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and production-consumption scenario of photocatalysts.