Photoinitiators Industry Research Report 2025

Summary

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.

According to APO Research, The global Photoinitiators market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Photoinitiators is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.

Asia-Pacific market for Photoinitiators is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Photoinitiators is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global manufacturers of Photoinitiators include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Photoinitiators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photoinitiators.

The report will help the Photoinitiators manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Photoinitiators market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Photoinitiators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Photoinitiators Segment by Company

IGM Resins
Tianjin Jiuri New Materials
BASF
Lambson
Arkema
DBC
NewSun
Eutec
Zhejiang Yangfan New Materials
Tronly
Hongtai Chemical
Jinkangtai Chemical
Polynaisse
Hubei Gurun
Kurogane Kasei

Photoinitiators Segment by Type

Free-radical Type Photoinitiator
Cationic Type Photoinitiator

Photoinitiators Segment by Application

Paints
Inks
Adhesives
Others

Photoinitiators Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Photoinitiators market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Photoinitiators and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Photoinitiators.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Photoinitiators manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Photoinitiators by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Photoinitiators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Photoinitiators by Type
2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
2.2.2 Free-radical Type Photoinitiator
2.2.3 Cationic Type Photoinitiator
2.3 Photoinitiators by Application
2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
2.3.2 Paints
2.3.3 Inks
2.3.4 Adhesives
2.3.5 Others
2.4 Global Market Growth Prospects
2.4.1 Global Photoinitiators Production Value Estimates and Forecasts (2020-2031)
2.4.2 Global Photoinitiators Production Capacity Estimates and Forecasts (2020-2031)
2.4.3 Global Photoinitiators Production Estimates and Forecasts (2020-2031)
2.4.4 Global Photoinitiators Market Average Price (2020-2031)
3 Market Competitive Landscape by Manufacturers
3.1 Global Photoinitiators Production by Manufacturers (2020-2025)
3.2 Global Photoinitiators Production Value by Manufacturers (2020-2025)
3.3 Global Photoinitiators Average Price by Manufacturers (2020-2025)
3.4 Global Photoinitiators Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
3.5 Global Photoinitiators Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Photoinitiators Manufacturers, Product Type & Application
3.7 Global Photoinitiators Manufacturers Established Date
3.8 Global Photoinitiators Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 IGM Resins
4.1.1 IGM Resins Photoinitiators Company Information
4.1.2 IGM Resins Photoinitiators Business Overview
4.1.3 IGM Resins Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.1.4 IGM Resins Product Portfolio
4.1.5 IGM Resins Recent Developments
4.2 Tianjin Jiuri New Materials
4.2.1 Tianjin Jiuri New Materials Photoinitiators Company Information
4.2.2 Tianjin Jiuri New Materials Photoinitiators Business Overview
4.2.3 Tianjin Jiuri New Materials Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.2.4 Tianjin Jiuri New Materials Product Portfolio
4.2.5 Tianjin Jiuri New Materials Recent Developments
4.3 BASF
4.3.1 BASF Photoinitiators Company Information
4.3.2 BASF Photoinitiators Business Overview
4.3.3 BASF Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.3.4 BASF Product Portfolio
4.3.5 BASF Recent Developments
4.4 Lambson
4.4.1 Lambson Photoinitiators Company Information
4.4.2 Lambson Photoinitiators Business Overview
4.4.3 Lambson Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.4.4 Lambson Product Portfolio
4.4.5 Lambson Recent Developments
4.5 Arkema
4.5.1 Arkema Photoinitiators Company Information
4.5.2 Arkema Photoinitiators Business Overview
4.5.3 Arkema Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.5.4 Arkema Product Portfolio
4.5.5 Arkema Recent Developments
4.6 DBC
4.6.1 DBC Photoinitiators Company Information
4.6.2 DBC Photoinitiators Business Overview
4.6.3 DBC Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.6.4 DBC Product Portfolio
4.6.5 DBC Recent Developments
4.7 NewSun
4.7.1 NewSun Photoinitiators Company Information
4.7.2 NewSun Photoinitiators Business Overview
4.7.3 NewSun Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.7.4 NewSun Product Portfolio
4.7.5 NewSun Recent Developments
4.8 Eutec
4.8.1 Eutec Photoinitiators Company Information
4.8.2 Eutec Photoinitiators Business Overview
4.8.3 Eutec Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.8.4 Eutec Product Portfolio
4.8.5 Eutec Recent Developments
4.9 Zhejiang Yangfan New Materials
4.9.1 Zhejiang Yangfan New Materials Photoinitiators Company Information
4.9.2 Zhejiang Yangfan New Materials Photoinitiators Business Overview
4.9.3 Zhejiang Yangfan New Materials Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.9.4 Zhejiang Yangfan New Materials Product Portfolio
4.9.5 Zhejiang Yangfan New Materials Recent Developments
4.10 Tronly
4.10.1 Tronly Photoinitiators Company Information
4.10.2 Tronly Photoinitiators Business Overview
4.10.3 Tronly Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.10.4 Tronly Product Portfolio
4.10.5 Tronly Recent Developments
4.11 Hongtai Chemical
4.11.1 Hongtai Chemical Photoinitiators Company Information
4.11.2 Hongtai Chemical Photoinitiators Business Overview
4.11.3 Hongtai Chemical Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.11.4 Hongtai Chemical Product Portfolio
4.11.5 Hongtai Chemical Recent Developments
4.12 Jinkangtai Chemical
4.12.1 Jinkangtai Chemical Photoinitiators Company Information
4.12.2 Jinkangtai Chemical Photoinitiators Business Overview
4.12.3 Jinkangtai Chemical Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.12.4 Jinkangtai Chemical Product Portfolio
4.12.5 Jinkangtai Chemical Recent Developments
4.13 Polynaisse
4.13.1 Polynaisse Photoinitiators Company Information
4.13.2 Polynaisse Photoinitiators Business Overview
4.13.3 Polynaisse Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.13.4 Polynaisse Product Portfolio
4.13.5 Polynaisse Recent Developments
4.14 Hubei Gurun
4.14.1 Hubei Gurun Photoinitiators Company Information
4.14.2 Hubei Gurun Photoinitiators Business Overview
4.14.3 Hubei Gurun Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.14.4 Hubei Gurun Product Portfolio
4.14.5 Hubei Gurun Recent Developments
4.15 Kurogane Kasei
4.15.1 Kurogane Kasei Photoinitiators Company Information
4.15.2 Kurogane Kasei Photoinitiators Business Overview
4.15.3 Kurogane Kasei Photoinitiators Production Capacity, Value and Gross Margin (2020-2025)
4.15.4 Kurogane Kasei Product Portfolio
4.15.5 Kurogane Kasei Recent Developments
5 Global Photoinitiators Production by Region
5.1 Global Photoinitiators Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.2 Global Photoinitiators Production by Region: 2020-2031
5.2.1 Global Photoinitiators Production by Region: 2020-2025
5.2.2 Global Photoinitiators Production Forecast by Region (2026-2031)
5.3 Global Photoinitiators Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
5.4 Global Photoinitiators Production Value by Region: 2020-2031
5.4.1 Global Photoinitiators Production Value by Region: 2020-2025
5.4.2 Global Photoinitiators Production Value Forecast by Region (2026-2031)
5.5 Global Photoinitiators Market Price Analysis by Region (2020-2025)
5.6 Global Photoinitiators Production and Value, YOY Growth
5.6.1 North America Photoinitiators Production Value Estimates and Forecasts (2020-2031)
5.6.2 Europe Photoinitiators Production Value Estimates and Forecasts (2020-2031)
5.6.3 China Photoinitiators Production Value Estimates and Forecasts (2020-2031)
5.6.4 Japan Photoinitiators Production Value Estimates and Forecasts (2020-2031)
6 Global Photoinitiators Consumption by Region
6.1 Global Photoinitiators Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
6.2 Global Photoinitiators Consumption by Region (2020-2031)
6.2.1 Global Photoinitiators Consumption by Region: 2020-2025
6.2.2 Global Photoinitiators Forecasted Consumption by Region (2026-2031)
6.3 North America
6.3.1 North America Photoinitiators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.3.2 North America Photoinitiators Consumption by Country (2020-2031)
6.3.3 United States
6.3.4 Canada
6.3.5 Mexico
6.4 Europe
6.4.1 Europe Photoinitiators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Photoinitiators Consumption by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.4.8 Spain
6.4.9 Netherlands
6.4.10 Switzerland
6.4.11 Sweden
6.4.12 Poland
6.5 Asia Pacific
6.5.1 Asia Pacific Photoinitiators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Photoinitiators Consumption by Country (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Southeast Asia
6.6 South America, Middle East & Africa
6.6.1 South America, Middle East & Africa Photoinitiators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
6.6.2 South America, Middle East & Africa Photoinitiators Consumption by Country (2020-2031)
6.6.3 Brazil
6.6.4 Argentina
6.6.5 Chile
6.6.6 Turkey
6.6.7 GCC Countries
7 Segment by Type
7.1 Global Photoinitiators Production by Type (2020-2031)
7.1.1 Global Photoinitiators Production by Type (2020-2031) & (MT)
7.1.2 Global Photoinitiators Production Market Share by Type (2020-2031)
7.2 Global Photoinitiators Production Value by Type (2020-2031)
7.2.1 Global Photoinitiators Production Value by Type (2020-2031) & (US$ Million)
7.2.2 Global Photoinitiators Production Value Market Share by Type (2020-2031)
7.3 Global Photoinitiators Price by Type (2020-2031)
8 Segment by Application
8.1 Global Photoinitiators Production by Application (2020-2031)
8.1.1 Global Photoinitiators Production by Application (2020-2031) & (MT)
8.1.2 Global Photoinitiators Production Market Share by Application (2020-2031)
8.2 Global Photoinitiators Production Value by Application (2020-2031)
8.2.1 Global Photoinitiators Production Value by Application (2020-2031) & (US$ Million)
8.2.2 Global Photoinitiators Production Value Market Share by Application (2020-2031)
8.3 Global Photoinitiators Price by Application (2020-2031)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Photoinitiators Value Chain Analysis
9.1.1 Photoinitiators Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Photoinitiators Production Mode & Process
9.2 Photoinitiators Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Photoinitiators Distributors
9.2.3 Photoinitiators Customers
10 Global Photoinitiators Analyzing Market Dynamics
10.1 Photoinitiators Industry Trends
10.2 Photoinitiators Industry Drivers
10.3 Photoinitiators Industry Opportunities and Challenges
10.4 Photoinitiators Industry Restraints
11 Report Conclusion
12 Disclaimer

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