Product Code: CMI7297
The global light powered catalyst market is estimated to be valued at USD 4.78 Bn in 2024 and is expected to reach USD 10.71 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 4.78 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
12.20% |
2031 Value Projection: |
US$ 10.71 Bn |
Figure. Light Powered Catalyst Market Share (%), By Region 2024
Light powered catalysts, also known as photocatalysts, are substances that accelerate and drive photoreactions. They differ from traditional catalysts in that they require the absorption of light to activate their catalytic properties and initiate chemical reactions. Common light powered catalysts include titanium dioxide and cadmium selenide which have seen increasing usage in applications such as self-cleaning surfaces, water purification, and environmental remediation due to their photocatalytic effect. The global light powered catalyst market is expected to grow steadily owing to the rising demand for green chemistry solutions and pollution control measures worldwide.
Market Dynamics:
Growing concerns regarding environmental pollution and the need for sustainable solutions are driving the demand for light powered photocatalysts. Their application in air and water purification is helping mitigate volatile organic compound emissions and remove toxic contaminants from the environment. Favorable government regulations supporting the adoption of green technologies is also boosting market opportunities. However, high production costs and the need for specific wavelength ultraviolet light to activate certain photocatalysts is restraining widespread commercialization. Ongoing R&D in synthesizing more efficient photocatalytic materials that can operate under visible light can help address these challenges and unlock new application potentials in solar energy conversion and disinfection.
Key Features of the Study:
- This report provides in-depth analysis of the global light powered catalyst market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global light powered catalyst market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Albemarle Corporation, Johnson Matthey, BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dorf Ketal Chemicals (I) Pvt. Ltd., Dow Chemical Company, Evonik Industries AG, ExxonMobil Corporation, W.R. Grace and Co., Haldor Topsoe, UOP (a Honeywell company), SABIC, Linde AG, Mitsubishi Chemical Corporation, Shell Catalysts & Technologies, Air Products and Chemicals, Inc., Huntsman Corporation, and Kraton Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global light powered catalyst market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global light powered catalyst market
Detailed Segmentation-
- Catalyst Type Insights (Revenue, USD Bn, 2019 - 2031)
- Photocatalysts
- Solar-driven Catalysts
- Photoelectrochemical Catalysts
- Application Insights (Revenue, USD Bn, 2019 - 2031)
- Environmental Remediation
- Energy Generation
- Chemical Production
- Water Treatment
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Albemarle Corporation
- Johnson Matthey
- BASF SE
- Chevron Phillips Chemical Company LLC
- Clariant AG
- Dorf Ketal Chemicals (I) Pvt. Ltd.
- Dow Chemical Company
- Evonik Industries AG
- ExxonMobil Corporation
- W.R. Grace and Co.
- Haldor Topsoe
- UOP (a Honeywell company)
- SABIC
- Linde AG
- Mitsubishi Chemical Corporation
- Shell Catalysts & Technologies
- Air Products and Chemicals, Inc.
- Huntsman Corporation
- Kraton Corporation
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Light Powered Catalyst Market, Catalyst Type
- Global Light Powered Catalyst Market, By Application
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Light Powered Catalyst Market, Catalyst Type, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Photocatalysts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Solar-driven Catalysts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Photoelectrochemical Catalysts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Light Powered Catalyst Market, By Application, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Environmental Remediation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Energy Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Chemical Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Water Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Light Powered Catalyst Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, Catalyst Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
7. COMPETITIVE LANDSCAPE
- Albemarle Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson Matthey
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Chevron Phillips Chemical Company LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Clariant AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dorf Ketal Chemicals (I) Pvt. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Dow Chemical Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Evonik Industries AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ExxonMobil Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- W.R. Grace and Co.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Haldor Topsoe
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- UOP (a Honeywell company)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SABIC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Linde AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mitsubishi Chemical Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Shell Catalysts & Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Air Products and Chemicals, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Huntsman Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kraton Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
9. References and Research Methodology
- References
- Research Methodology
- About us