Photoinitiator Market Size, Share, Opportunities, and Trends by Type (Free-radical, Cationic), by Application (Inks, Adhesives, Coatings), and by Geography – Forecast From 2025 To 2030

  • Published : Nov 2024
  • Report Code : KSI061612826
  • Pages : 144
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The photoinitiator market is projected to grow at a CAGR of 6.75% between 2025 to 2030.

Photoinitiators are small molecules that transform light energy into chemical energy to induce chemical reactions. There has been a rise in demand for photoinitiators due to their excellent properties such as relative stability and range of light absorption. Rising demand for UV-cured coating photoinitiators in the electronic assembly is boosting the growth of the photoinitiators market.

Advancements in light-cure adhesive technology will further continue to drive the growth of photoinitiators market during the next five years. Geographically, APAC holds a significant market share owing to the rising end-user industries including electronics, packaging, and automotive.

DRIVERS

Strict regulations regarding VOC emissions

Rising demand for UV-cured coating

RESTRAINTS

Fluctuations in raw material prices

INDUSTRY UPDATE

Recently in August 2019, IGM has announced the global expansion of its photoinitiator manufacturing by setting up a new Greenfield site in China while upgrading the Mortara, Italy’s manufacturing facility.

European private equity group Astorg acquired IGM Resins from Arsenal Capital Partners in 2018.

The major players profiled in the photoinitiator market include IGM Resins, Hubei Gurun Technology Co., Ltd., Tronly, Photo High Technologies, Lambson, and Merck KGaA.

Segmentation

The Photoinitiator Market has been analyzed through the following segments:

  • By Type
    • Free-radical
    • Cationic
  • By Application
    • Inks
    • Adhesives
    • Coatings
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • Japan
      • Austraila
      • India
      • Others
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
 
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
 
5. PHOTOINITIATOR MARKET BY TYPE
5.1. Free-radical
5.2. Cationic
 
6. PHOTOINITIATOR MARKET BY APPLICATION
6.1. Inks
6.2. Adhesives
6.3. Coatings
 
7. PHOTOINITIATOR MARKET BY GEOGRAPHY
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. France
7.3.4. Italy
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. UAE
7.4.3. Israel
7.4.4. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. India
7.5.4. South Korea
7.5.5. Others
 
8. COMPETITIVE INTELLIGENCE
8.1. Market Positioning Matrix and Ranking
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
 
9. COMPANY PROFILES
9.1. IGM Resins
9.2. Hubei Gurun Technology Co., Ltd.
9.3. Tronly
9.4. Photo High Technologies
9.5. Lambson
9.6. Merck KGaA.

IGM Resins

Hubei Gurun Technology Co., Ltd.

Tronly

Photo High Technologies

Lambson

Merck KGaA.

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