Market Size

The global photoinitiator market size is valued at USD 1.6 billion in 2021 and is estimated to reach a value of USD xx billion in 2027. The photoinitiator market analysis shows that it will grow with a CAGR of 10.3% over the forecast period of 2021 to 2027.

Market Driver

The beneficial qualities such as resistance to various chemicals and great curability of the photoinitiators are in high demand in a variety of applications and end-use industries such as adhesives, ink, coating, and others. However, the global pandemic illness COVID-19 has interrupted operations in a variety of end-use sectors, resulting in a reduction in photoinitiator demand in 2020. The adhesive, coating, ink, and paint sectors are predicted to increase at a world average of about 8% during the next five years. The adhesives, coatings, and paint sectors are growing due to technological improvements, automation adoption, and increased demand for bespoke goods. The need for photoinitiators is likely to rise as a result of this. In 3D printing, new use cases are being created, such as the utilization of newly discovered photoinitiators and monomers/oligomers in 3D bio-printing. Photoinitiators can be utilized in a variety of sectors, including dentistry, packaging, food, and others. Hydrocarbons, alkanes, alkenes, polycyclic aromatic compounds, oxygenated hydrocarbons and nitrogenous hydrocarbons are all examples of volatile organic molecules. Many of these substances can have harmful effects on humans, either directly or indirectly. VOCs contain a variety of chemicals that are insoluble in water and hence persist in water sources. Formulas, such as camphorquinone, that may be safely employed in dental applications, have been created as a result of recent advances in photoinitiator composition. This would open the door to new applications and the creation of photoinitiators. Innovations in these goods might aid in the development of efficient curable resins and expand the variety of materials that can be cured across end-use industries like industrial paint shops.

Segment Outlook

Based on product type, the market is segmented into Free Radical & Cationic and Others. The Free Radical segment is estimated to be the largest segment over the forecast period.  Based on application, the market is segmented into Adhesives, Ink, Coating and Others. The adhesive application segment is estimated to be the largest segment over the forecast period.

Regional Outlook

The Photoinitiator market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for Photoinitiator by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for photoinitiator is segmented by region and then by country and segment. It has been estimated that Asia Pacific accounted for largest market share in global photoinitiator market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting photoinitiator market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are IGM Resins (The Netherlands), Zhejiang Yangfan Material Co., Ltd. (China), Tianjin Jiuri New Materials Co., Ltd. (China), ADEKA Corporation (Japan), and Lambson Ltd. (UK), are some of the key players in the photoinitiator market. Other players include Evonik Industries AG (Germany), Rahn AG (Switzerland), and Changzhou Tronly New Electronic Material Co., Ltd. (China), TCI Chemicals (Japan), Environ Speciality Chemicals (India). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Photoinitiator market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Photoinitiator Market Size and Outlook by Product Type

• Free Radical
• Cationic

Photoinitiator Market Size and Outlook by Application

• Adhesives
• Ink
• Coating
• Others

Photoinitiator Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• IGM Resins
• Zhejiang Yangfan Material Co., Ltd.
• Tianjin Jiuri New Materials Co., Ltd.
• ADEKA Corporation
• Lambson Ltd.
• Evonik Industries AG
• Rahn AG
• Changzhou Tronly New Electronic Material Co., Ltd.
• TCI Chemicals
• Environ Speciality Chemicals

Actionable Outcomes

Our Photoinitiator Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Photoinitiator market size
• Photoinitiator market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Photoinitiator market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Photoinitiator market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Photoinitiator market share
• Measures to consider for Photoinitiator market