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Market Analysis and Insights: Global Photoinitiator Market
Photoinitiator, known as a photosensitizer or the photocuring agent, it is a type of compound which is capable of absorbing energy of certain wavelengths in the ultraviolet region (250 ~ 420nm) or in the visible region (400 ~ 800nm) to generate free radicals, cations, giving rise to a crosslinking and polymerization of the monomer. Photoinitiator is a key component of light-curing materials, which plays a decisive role to the light curing speed.
Due to the COVID-19 pandemic, the global Photoinitiator market size is estimated to be worth US$ 860.4 million in 2022 and is forecast to a readjusted size of US$ 1326.2 million by 2029 with a CAGR of 6.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Free-radical Type Photoinitiator accounting for % of the Photoinitiator global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Paints segment is altered to an % CAGR throughout this forecast period.
Photoinitiators industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world photoinitiators industry. The main market players are IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun and DBC, etc. In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. These two regions occupied 81.86% of the global consumption volume in total.
Global Photoinitiator Scope and Market Size
The global Photoinitiator market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Photoinitiator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Segment by Application
Paints
Inks
Adhesives
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
IGM Resins
Tianjin Jiuri New Materials
Tronly
Hubei Gurun
Arkema
DBC
Zhejiang Yangfan New Materials
Jinkangtai Chemical
NewSun
Eutec
Polynaisse
Kurogane Kasei
Photoinitiator, known as a photosensitizer or the photocuring agent, it is a type of compound which is capable of absorbing energy of certain wavelengths in the ultraviolet region (250 ~ 420nm) or in the visible region (400 ~ 800nm) to generate free radicals, cations, giving rise to a crosslinking and polymerization of the monomer. Photoinitiator is a key component of light-curing materials, which plays a decisive role to the light curing speed.
Due to the COVID-19 pandemic, the global Photoinitiator market size is estimated to be worth US$ 860.4 million in 2022 and is forecast to a readjusted size of US$ 1326.2 million by 2029 with a CAGR of 6.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Free-radical Type Photoinitiator accounting for % of the Photoinitiator global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Paints segment is altered to an % CAGR throughout this forecast period.
Photoinitiators industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world photoinitiators industry. The main market players are IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun and DBC, etc. In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. These two regions occupied 81.86% of the global consumption volume in total.
Global Photoinitiator Scope and Market Size
The global Photoinitiator market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Photoinitiator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Segment by Application
Paints
Inks
Adhesives
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
IGM Resins
Tianjin Jiuri New Materials
Tronly
Hubei Gurun
Arkema
DBC
Zhejiang Yangfan New Materials
Jinkangtai Chemical
NewSun
Eutec
Polynaisse
Kurogane Kasei
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