In 2021, Bangladesh had an average PM 2.5 concentration of 76.9 micrograms per cubic meter of air (µg/m3).
As a result of its lack of toxicity and ability to work by absorbing light from lamps or sunshine, a photocatalyst is a substance that is favorable to the environment. Due to their innocuous nature, materials like zinc oxide and titanium dioxide are currently subject to very few restrictions, which will help to develop the market throughout the projection period.
Growing Awareness Regarding Pollution
Moreover, the market for photocatalysts is also expanding because of laws and regulations against contaminating waterways.
For instance, the Chinese government fines USD 0.15 million to anybody (individuals or businesses) who constructs sewage outlets in designated drinking water sources.
Rising Demand due to Self-Cleaning Application
For instance, according to The Ministry of Land, Infrastructure, Transport, and Tourism (Japan), total construction spending reach almost USD 501.09 million in 2022.
Increasing Demand for Photocatalytic Paints and Coatings
Moreover, a photocatalytic coating is used in a variety of applications, such as automobile windscreens, window glass, eyeglasses, microscopes, skyscrapers, kitchen appliances, solar cell panel covers, screens of many optical instruments, and electronic devices. All these factors drive Global Photocatalyst market demand during the forecast period.
Recent Developments
- In September 2022, Venator obtained an ECO PASSPORT from
OEKO-TEX, making it the first maker and supplier of fiber anatase titanium
dioxide (TiO2) to the textile sector.
- Integrated titanium dioxide pigment maker Tronox Holdings plc
signed a long-term power purchase arrangement with South African independent
power producer SOLA Group in March 2022.
- In March 2022, LB Group will promote its new TiO2
pigments for coatings and inks at MECS 2022.
- In April 2019, Tronox Holdings purchased the titanium oxide
division of CRISTAL, which will help the company's position in Saudi
Arabia.
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Market Segmentation
Company Profiles
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue forecast, volume
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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Material
Application
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Regional scope
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North America, Europe, Asia
Pacific, South America, Middle East & Africa
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Country scope
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United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Singapore; Brazil; Argentina; South
Africa; Saudi Arabia; UAE
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Key companies profiled
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Kronos Worldwide Inc.,
Syzygy Plasmonics Inc., PCN Materials IKE, Photocat AS, TitanPE Technologies,
Inc., Venator Materials PLC, Tronox Holdings plc, The Chemours Company, Green
Millennium Inc., LB Group Co Ltd.
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
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