Herein, we explore the holistic integration of magnetite-based photocatalysts and techno-economic analysis (TEA) as a sustainable approach in wastewater treatment aligned with the Sustainable Development Goals (SDGs). While considerable attention has been devoted to photocatalytic dye degradation, the nexus between these processes and techno-economic considerations remains relatively unexplored. The review comprehensively examines the fundamental characteristics of magnetite-based photocatalysts, encompassing synthesis methods, composition, and unique properties. It investigates their efficacy in photocatalytic degradation, addressing homogeneous and heterogeneous aspects while discussing strategies to optimize photodegradation efficiency, including curbing electron–hole recombination and mitigating scavenging effects and interference by ions and humic acid. Moreover, the management aspects of magnetite-based photocatalysts are examined, focusing on their reusability and regeneration post-dye removal, along with the potential for reusing treated wastewater in relevant industrial applications. From a techno-economic perspective, the study evaluates the financial feasibility of deploying magnetite-based photocatalysts in wastewater treatment, correlating reduced pollution and the marketing of treated water with social, economic, and environmental objectives. By advocating the integration of magnetite-based photocatalysts and TEA, this paper contributes insights into scalable and profitable sustainable wastewater treatment practices. It underscores the alignment of these practices with SDGs, emphasizing a comprehensive and holistic approach to managing wastewater in ways that meet environmental, economic, and societal objectives.
Graphical Abstract