Global Photocatalyst Market is valued USD 1.70 billion in 2016 is anticipated to grow USD 4.49 billion with the compounded annual growth of 11.41% over the forecast period 2018-2025.
New York 17 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Photocatalyst market industry is poised to raise USD 4.49 billion by 2025. The major factors expected to augment the market are rising demand for low VOC coatings in the building & construction industry, and growing water scarcity due to brisk industrial growth and exhausting freshwater resources. A photocatalyst is an eco-friendly material as it does not display any toxicity and absorbs sunlight or even lamplight for its functioning. Furthermore, there are even fewer regulations over the materials including zinc oxide and titanium dioxide due to its harmless character.
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Global Photocatalyst Market Size Study By Material (Zinc Oxide, and Titanium Dioxide), Application (Water Purification, Air Purification, Self-Cleaning, and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Ishihara Sangyo Kaisha, Ltd., TOTO Corporation, BASF SE, JSR Corporation, Showa Denko K.K., KRONOS Worldwide, Inc., CRISTAL, OSAKA Titanium Technologies Co., Ltd., Green Millennium, TiPE, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asian region accounted for the leading market share, more than XX % of the total market in 2016.
- The North American region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Zinc Oxide
- Titanium Dioxide
- Water Purification
- Air Purification
- North America
- Asia Pacific
- Latin America
- Rest of the World