Photoinitiators Market

The report offers detailed coverage of Photoinitiators industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Photoinitiators by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
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.
Photoinitiators industry has high 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, Lambson, Arkema and DBC. The sales of photoinitiators will increase to 54181 MT in 2016 from 40838 MT in 2011 with average growth rate of 7.32%.
In consumption market, the global consumption value of photoinitiators increases with the 1.46% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 73% of the global consumption volume in total. United States, Germany, China and Japan are the main consumption countries, accounting for 49.95% of the global photoinitiators sales
Photoinitiators has two types, which include free-radical type photoinitiator and cationic type photoinitiator. And each type has application industries relatively. With crossing and curing effects of photoinitiators, the downstream application industries will need more photoinitiators products. So, photoinitiators has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance photoinitiators through improving technology.

The report forecast global Photoinitiators market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Photoinitiators market for 2015-2027.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
IGM Resins
Tianjin Jiuri New Materials
BASF
Lambson
Arkema
DBC
NewSun
Eutec
Zhejiang Yangfan New Materials
Tronly
Hongtai Chemical
Jinkangtai Chemical
Polynaisse
Hubei Gurun
Kurogane Kasei


At the same time, we classify Photoinitiators according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Market by Application
Paints
Inks
Adhesives
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Photoinitiators market for the forecast period 2021 - 2027?
• What are the driving forces in the Photoinitiators market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Photoinitiators industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?