Global Photocatalyst Market - Forecasts from 2025 to 2030

Global Photocatalyst Market - Forecasts from 2025 to 2030

The global photocatalyst market is expected to grow at a CAGR of 8.83%, reaching a market size of US$6.938 billion in 2030 from US$4.545 billion in 2025.

The term photocatalyst is derived from two words: photo, which means photon, and catalyst, a substance that changes the rate of reaction to the presence of the substance. Hence, photocatalysts change the rate of a chemical reaction depending on the light. This process is given the name photocatalysis. Photocatalysis involves reaction by photonic irradiation and semiconductor support. This material has the property of getting energized by light and can support a chemical reaction.

Global photocatalyst market drivers

The main driver for the photocatalysts market is the rising demand for green energy and sustainability from both countries and industries. Cleaner and renewable solutions that will reduce carbon emissions and environmental impacts are being explored. The photocatalytic process of water splitting into a zero-emission fuel alternative is currently being carried out through hydrogen production. It is running in tandem with the global drive to be more decarbonized. They also allow for reducing carbon dioxide by converting it into useful fuels or chemicals, making the vision of mitigating climate change a reality. Adding to this, the global sustainability bond issuance in 2021 was USD 200.9 billion.

Photocatalysts also utilize solar energy to support sustainable chemical reactions, which has further reduced fossil fuel use during industrial processes. As research and development investment continues, especially in hydrogen technologies and solar-driven applications, photocatalytic systems have become increasingly pivotal in efforts toward sustainable global energy solutions.

Global photocatalyst market geographical outlook
Asia Pacific’s photocatalyst market is anticipated to grow significantly.

Asia Pacific's photocatalyst market is anticipated to experience tremendous growth due to burgeoning urbanization, rapid industrialization, and rising environmental concerns in the region. As countries such as China, India, and Japan expand their infrastructure and construction activities, demand for innovative, sustainable building materials incorporating photocatalytic technologies is rising. Data released by the American Institute of Architects’ (AIA) Shanghai office indicate that China is expected to construct ten cities similar to New York by 2025.

Photocatalytic materials can purify the air as they decontaminate pollutants and have self-cleaning properties, elongating the lifetime of buildings. Adding to it, interest in renewable energy and sustainable activities propels investments in photocatalytic applications in water and air purifications to deal with some of the most important environmental issues. In India, the environmental technology industry includes the potentially lucrative water and wastewater management subsector. In this regard, by 2030, the amount of water required in India is expected to double over the current availability.

Governments' stricter regulations aimed at combating pollution also promote higher adoption of photocatalytic technologies. For instance, in India, in July 2024, a new metal oxide nanocomposite was designed, which aids in the photocatalytic degradation of organic pollutants such as dyes and pharmaceuticals. Hence, it can be employed as a sustainable technology for cleaning up the environment.

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Report Coverage:

Historical data & forecasts from 2022 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The global photocatalyst market is segmented and analyzed as follows:

By Type

Titanium Oxide
Zinc Oxide
Others

By Application

Construction and Infrastructure
Self-Cleaning
Air Purification
Water Treatment
Anti-Fogging
Others

By Geography

North America
United States
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of the Middle East and Africa
Asia-Pacific
China
India
Japan
South Korea
Taiwan
Thailand
Indonesia
Rest of Asia-Pacific