Global Photoinitiator Market Growth 2023-2029

Global Photoinitiator Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Photoinitiator Industry Forecast” looks at past sales and reviews total world Photoinitiator sales in 2022, providing a comprehensive analysis by region and market sector of projected Photoinitiator sales for 2023 through 2029. With Photoinitiator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photoinitiator industry.
This Insight Report provides a comprehensive analysis of the global Photoinitiator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Photoinitiator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Photoinitiator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photoinitiator and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Photoinitiator.
The global Photoinitiator market size is projected to grow from US$ 841.7 million in 2022 to US$ 1311 million in 2029; it is expected to grow at a CAGR of 1311 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Photoinitiator market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Segmentation by application
Paints
Inks
Adhesives
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IGM Resins
Tianjin Jiuri New Materials
Tronly
Hubei Gurun
Arkema
DBC
Zhejiang Yangfan New Materials
Jinkangtai Chemical
NewSun
Eutec
Polynaisse
Kurogane Kasei
Key Questions Addressed in this Report
What is the 10-year outlook for the global Photoinitiator market?
What factors are driving Photoinitiator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Photoinitiator market opportunities vary by end market size?
How does Photoinitiator break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.