With the emergence and long-term Impact of COVID-19, Global Photocatalytic Water Treatment Market to reach USD 16.22 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Photocatalytic Water Treatment Market points towards a potential rise to USD 16.22 Billion by 2030. Photocatalysis is a proven method for degrading pollutants and producing hydrogen by water splitting. Photocatalytic Uses solar energy to remove dangerous microscopic contaminants from water. Photocatalysts are used for antifouling, antifogging, conservation and storage of energy, deodorization, sterilization, self-cleaning, air purification, wastewater treatment, etc. The increasing demand for clean water, growth in technological advancements and the adoption of eco-friendly wastewater solutions are key factors responsible for Photocatalytic Water Treatment growth over the forecast period of 2023-2030.
Geographically, the global Photocatalytic Water Treatment market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in terms of revenue owing to factors such as the rise in investment in the R&D of wastewater treatment, technological advancements in water treatment, and growing awareness about the importance of water treatment would create lucrative growth prospects for the Water Treatment Systems Market across Asia-Pacific region. North America is the fastest-growing region due to increased usage of nanoparticle-based water treatment and growth in environmental sustainability in the region.
The global Photocatalytic Water Treatment market is highly competitive owing to the presence of several key players such as Tronox Holdings PLC BASF SE Hangzhou Harmony Chemicals Co., Ltd. Toshiba Materials Co., Ltd. Ishihara Sangyo Kaisha Ltd. KRONOS Worldwide Inc JSR Corp. OSAKA Titanium Technologies Co., Ltd. Daicel Corp. Nanoptek Corp., and others.
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Global Photocatalytic Water Treatment Market Size study & Forecast, by Type (Metal Complexes, Organic Dyes, Heterogeneous and Homogeneous Catalysts, Others), By Application (Organic & Inorganic Pollutant Degradation, Disinfection, Microplastic Treatment, Drinking Water Treatment, Other), By End-Use (Industrial, Commercial), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Photocatalytic Water Treatment Market is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030.
- In the Type segment, Metal Complexes emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the factors such as the rise in investment in the R&D of wastewater treatment, technological advancements in water treatment, and growing awareness about the importance of water treatment would create lucrative growth prospects for the Water Treatment Systems Market across Asia-Pacific region.
- North America is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Metal Complexes
- Organic Dyes
- Heterogeneous and Homogeneous Catalysts
- Organic & Inorganic Pollutant Degradation
- Microplastic Treatment
- Drinking Water Treatment
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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