NEW YORK, Oct. 27, 2015 /PRNewswire/ -- This BCC Research study provides a review of photocatalyst technology, including materials and production processes, and identifies current and emerging applications for this technology. Includes forecasts through 2020.
-The global market for photocatalyst products increased from $1.4 billion in 2013 to nearly $1.5 billion in 2014, and is estimated to be valued at nearly $1.6 billion in 2015. The total market for photocatalyst products is forecast to grow at a CAGR of 12.6% during the next five years, reaching nearly $2.9 billion by 2020.
-The construction sector is projected to grow from nearly $1.4 billion in 2015 to $2.6 billion in 2020 at a CAGR of 13.2% from 2015-2020.
-The consumer product sector is projected to grow from $155.6 million in 2015 to $220.3 million in 2020 at a CAGR of 7.2% from 2015-2020.
Introduction & Scope
STUDY GOALS AND OBJECTIVES
Photocatalysts are materials that utilize photons to activate chemical reactions.
Although the origins of photocatalysts can be traced back to the year 1791, when the new element titanium was discovered, it was only in the late 1960s that the photocatalytic properties of titanium dioxide were observed.
The first commercial products based on photocatalysts were commercialized in the early 1990s, and since then there has been growing interest in these materials leading to their use in different applications within various sectors, such as the construction and consumer products sectors.
BCC Research published its first report on photocatalysts in March 2010. Since then the market for these materials and related products has continued to expand, while new technological developments and industry changes have also taken place.
The primary goal of this report is to provide insights into photocatalytic technology, as well as to outline technological trends and to offer an updated market analysis of various photocatalyst-based products.
Specifically, the major objectives of this study are as follows:
-an updated review of photocatalysts, including a description of materials, types of photocatalysts, and production technologies.
-Highlight new technological developments in photocatalyst manufacturing, while outlining current technical issues.
-Review existing fields of application for photocatalysts and examine emerging applications.
-Estimate current global markets for photocatalyst-based products by material type, application, and region, with growth forecasts through 2020 for each market segment.
-Identify important technology and industry trends within each market segment.
-Offer an updated review of current industry players, including manufacturers of photocatalyst materials and photocatalyst-based products, technology developers, and future market participants.
-Provide a description of the most relevant research and development activities.
-Determine trends in recently issued U.S. patents.
SCOPE OF REPORT
This study provides an updated review of photocatalyst technology, including materials and production processes, and identifies current and emerging applications for this technology. BCC Research determines the current market status of photocatalyst products, defines trends, and presents growth forecasts for the next five years. The
photocatalyst market is evaluated based on the following segments: material type, application, and region. In addition, technological issues, including key events and the latest process developments, are discussed.
More specifically, the market analysis conducted by BCC Research for this report is divided into five sections. In the first section, an introduction to the topic and a historical review of photocatalysts is provided, including an outline of recent events. In this section, current and emerging applications for these materials are also identified
and described by sector (i.e., automotive, construction, consumer products, environmental, energy, medical/dental, and mechanical/chemical).
The second section provides a technological review of photocatalyst materials, types, and their fabrication processes. This section concludes with an analysis of the most important technological developments since 2013, including examples of significant patents recently issued or applied for, as well as highlights of the most active research organizations operating in this field.
The third section entails a global market analysis of photocatalyst-based products.
Global revenues (sales data in millions of dollars) for photocatalyst products are presented for each segment (material type, application, and region) with actual data for the years 2013 and 2014, and estimated revenues for 2015.
The analysis of past and current revenues for photocatalyst-based products is followed by a detailed presentation of market growth trends based on industry growth, technological trends, and regional trends. The third section concludes by providing projected revenues for photocatalyst products within each segment, together with forecast compound annual growth rates (CAGRs) for 2015 through 2020.
In the fourth section of the study, which covers global industry structure, the report offers a list of the leading manufacturers of photocatalysts and a description of their products. The analysis includes a description of the regional distribution of these suppliers and an evaluation of other key industry players. Detailed company profiles of the top players are also provided.
The fifth and final section includes an extensive U.S. patent analysis, with a summary of patents related to photocatalyst materials, fabrication methods, and applications.
The patents examined in this study were issued during the period 2013 through 2015.
Patent analysis is performed by region, country, assignee, patent category, application, and material type.
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