– Further R&D is going to use photocatalysts as a disinfectant because of its better ability to inactivate a wide range of harmful microorganisms over traditional disinfection methods such as chlorination.
– Product demand from the Asia-Pacific region is expected to rise owing to high construction activities in the region.

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Key Market Trends

Increasing Demand of Titanium dioxide

– Due to its ability to impart bright white color, titanium dioxide is widely used as a coloring pigment in paints. In fact, the paint industry consumes 70-80% of the titanium dioxide produced around the world every year.
– Titanium dioxide provides a photocatalytic protective film which possesses the property of self-cleaning by becoming super-oxidative and hydrophilic.
– Increasing construction activities is estimated to grow the demand for paint & coatings. TiO2 is an ingredient of self-cleaning paints and as a photocatalyst, it transmits unique cleaning and anti-microbial properties. It is often mixed with the building and construction materials like concrete and paints to keep them clean.
– In 2019, the global construction industry spending was about USD 11.4 trillion and the spending is anticipated to increase to be about USD 14 trillion by 2024.
– All the aforementioned factors are expected to drive the photocatalyst market during the forecast period.

Asia-Pacific Region to Dominate the Market

– Asia-Pacific region represents the largest and fastest-growing region owing to the broad-spectrum of application the product finds like in self-cleaning for building and construction materials, paint & coatings, etc.
– In the Asia-Pacific region, revenue from the paint & coatings segment is projected to be about USD 80 billion in 2020 and forecasted to reach over USD 100 billion by 2024.

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– Photocatalysts find their application in air purification as their photocatalytic reactivity helps purify harmful compounds such as cigarette smoke, volatile construction compounds, NOx, etc.
– According to World Health Organization, seven of the top ten most polluted cities are in the Asia-Pacific region. Thus, increasing air pollution in the region is expected to boost the demand for air purification technologies.
– Hence, the rising demand for photocatalysts from various industries is expected to drive the market growth in the region.

Competitive Landscape

The photocatalyst market is partially consolidated. Some of the key players accounting for major share in the market include KRONOS Worldwide Inc, Tronox Holdings Plc, ISHIHARA SANGYO KAISHA, LTD, TAYCA, and The Chemours Company.

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Table of Contents :

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rapidly Growing Demand for Titanium dioxide
4.1.2 Increasing Applications in Water Treatment and Air Purification
4.2 Restraints
4.2.1 High Capital Investment
4.2.2 Others
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Titanium dioxide
5.1.2 Zinc Oxide
5.1.3 Others
5.2 Application
5.2.1 Self-Cleaning
5.2.2 Air Purification
5.2.3 Water Treatment
5.2.4 Anti-Fogging
5.2.5 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Green Millennium
6.4.2 Ishihara Sangyo Kaisha, Ltd.
6.4.3 Tronox Holdings plc
6.4.4 TAYCA
6.4.5 KRONOS Worldwide, Inc
6.4.6 NANOPTEK Corp.
6.4.7 The Chemours Company
6.4.8 Daicel Corporation.
6.4.9 TitanPE Technologies, Inc
6.4.10 SHOWA DENKO K.K.
6.4.11 Hangzhou Harmony Chemical Co.,Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Research & Development as a Disinfectant

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