Global Photoinitiators Market Growth 2025-2031

Global Photoinitiators Market Growth 2025-2031

The global Photoinitiators market size is predicted to grow from US$ 576 million in 2025 to US$ 734 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

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.

Global photoinitiator key players include Tianjin Jiuri New Material, IGM Resins, TRONLY, DBC etc. Global top three players hold a share over 65%. China is the largest market, with a share about 40%, followed by North America and Europe, both have a share about 30 percent.

LP Information, Inc. (LPI) ' newest research report, the “Photoinitiators Industry Forecast” looks at past sales and reviews total world Photoinitiators sales in 2024, providing a comprehensive analysis by region and market sector of projected Photoinitiators sales for 2025 through 2031. With Photoinitiators sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Photoinitiators industry.

This Insight Report provides a comprehensive analysis of the global Photoinitiators 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 Photoinitiators portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Photoinitiators market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Photoinitiators 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 Photoinitiators.

This report presents a comprehensive overview, market shares, and growth opportunities of Photoinitiators market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Cationic Photoinitiator
Free Radical Photoinitiator

Segmentation by Application:
Paints
Printing 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 analysing the company's coverage, product portfolio, its market penetration.
IGM Resins
Tianjin Jiuri New Material
TRONLY
Arkema Group
DBC
Zhejiang Yangfan New Materials
HUBEI GURUN TECHNOLOGY
NewSun Polymer Technology
Shandong Deyang New Materials
Rudong Jinkangtai Chemical
Kurogane Kasei
Eutec Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Photoinitiators market?

What factors are driving Photoinitiators market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Photoinitiators market opportunities vary by end market size?

How does Photoinitiators break out by Type, by Application?

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