Global Photocatalysts Market To Be Worth $1.7 Billion In 2014
Photocatalysts: Technologies and Global Markets
According to a new technical market research report, the global market value for photocatalysts was an estimated $847.5 million in 2009, but is expected to increase to nearly $1.7 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 14.3%. The largest segment in the market, construction, is expected to increase at a 5-year CAGR of 14.5%, from $740.3 million in 2009 to nearly $1.5 billion in 2014. The second-largest segment, consumer products, is expected to reach $158.4 million in 2014. The market in 2009 was estimated to be $85.1 million. Thus, the 5-year CAGR is projected to be a healthy 13.2%. ( http://www.bharatbook.com/detail.asp?id=145044&rt=Photocatalysts-Technologies-and-Global-Markets.html )
The third-largest segment, other products, is expected to increase in value from an estimated $22.1 million in 2009 to $33.6 million in 2014, for a 5-year CAGR of 8.7%.
Photocatalysts make up a category of catalysts that utilize photons to activate chemical reactions. They are characterized by superior oxidizing properties and superhydrophilicity. Since the late 1960s, their unique properties have been utilized in various commercial products. It has identified six sectors in which photocatalysts have current and potential uses. They are automotive, construction, consumer products, energy, environmental, and medical. This report provides a comprehensive description of photocatalyst materials, types, production methods, and applications, and it outlines current technical issues and the latest technological developments.
This study will be of primary interest to all companies that manufacture, sell, and distribute photocatalyst materials and photocatalyst-based products; fabricate paints, coatings, glass, and other products for the construction industry; offer technical and/or marketing services for architectural, residential, and commercial window installations; offer design and architectural services for green building manufacturing; manufacture sterilization and deodorizing articles; provide exterior and interior design for light vehicles; provide consulting services for the solar and renewable energy markets; and are planning to enter the coating industry as a supplier, manufacturer, or end user.
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