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.

Market Analysis and Insights: Global Photoinitiator Market

Due to the COVID-19 pandemic, the global Photoinitiator market size is estimated to be worth US$ 919.2 million in 2022 and is forecast to a readjusted size of US$ 1326.2 million by 2028 with a CAGR of 6.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Free-radical Type Photoinitiator accounting for % of the Photoinitiator global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. 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 Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Photoinitiator Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Free-radical Type Photoinitiator

Cationic Type Photoinitiator


Segment by Application


Paints

Inks

Adhesives

Others


By Company


IGM Resins

Tianjin Jiuri New Materials

Tronly

Hubei Gurun

Arkema

DBC

Zhejiang Yangfan New Materials

Jinkangtai Chemical

NewSun

Eutec

Polynaisse

Kurogane Kasei


Production by Region



North America

Europe

China

Japan

China Taiwan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina