Market Overview:
The global 2-hydroxy-2-methylpropiophenone (photoinitiator-1173) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for coatings, metal coatings, and adhesives applications across the globe. In addition, rising awareness about energy efficiency and environmental concerns are also driving the demand for photoinitiators such as 2-hydroxy-2 methylpropiophenone (photoinitiator 1173). However, volatility in prices of raw materials used in manufacturing photoinitiators may restrain the growth of this market to some extent during the forecast period.
Product Definition:
2-Hydroxy-2-Methylpropiophenone is a photoinitiator used in UV curing and polymerization processes. It is effective at wavelengths of 365 nm, and can be used with either quartz or metal halide lamps.
Purity 99%:
2-Hydroxy-2-methylpropiophenone (HMPE) is a chemical compound and an organic intermediate used in the manufacture of plastics, resins, dyes, pigments & paints. It is also used as a photoinitiator for producing polymeric materials such as Polyvinyl Chloride (PVC).
Purity Above99%:
Purity Above99% (PA-99%) is a special grade of photoinitiator that contains 1173% of 2-hydroxy-2-methylpropioenone. It is used in formulation of various products including printing inks, paints & coatings, and adhesives. PA-99% has purity level more than 99%.
It can be manufactured by several methods such as fractioned distillation method.
Application Insights:
Coatings application segment led the global 2-hydroxy-2-methylpropiophenone (photoinitiator-1173) market in 2017, accounting for over 35.0% of the overall revenue share. The product is widely used as a coating material for steel and aluminum surfaces in automotive industry owing to its superior reactivity with metals. It also finds applications as a protective film on electronic devices and metal parts that are exposed to water or other chemically reactive substances, thereby protecting these surfaces from corrosion or oxidation.
The metal coatings segment is anticipated to witness significant growth over the forecast period due to rising demand from construction and infrastructure sector across various regions including North America, Europe, Asia Pacific and Middle East & Africa. Increasing use of decorative coatings on iron & steel structures coupled with high requirement for protection against weather conditions such as rainwater dripage that leads to corrosion will boost product consumption significantly over the next few years.
Regional Analysis:
Asia Pacific was the largest market for global 2-hydroxy-2-methylpropiophenone (HMPP) with a revenue share of over 38% in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing construction spending and growing automotive industry in China, India, and Southeast Asian countries.
The coatings application segment is likely to witness significant growth owing to rising demand from end users such as aerospace & defense, transportation & logistics, building & construction among others. In addition, rapid industrialization along with infrastructure development in emerging economies of Asia Pacific has ledto an increase inthe consumptionof HMPP photoinitiator products which are anticipatedto positivelyaffectthe market growth over the forecast period.
Growth Factors:
- Increasing demand for UV curable inks and coatings
- Growing popularity of LED-based curing systems
- Rising demand for advanced printing technologies
- Proliferation of digital printing methods
- Increasing application scope in various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Research Report
By Type
Purity 99%, Purity Above99%
By Application
Coatings, Metal Coatings, Adhesives
By Companies
IGM Resins, Lambson, Zhejiang Yangfan New Materials, Polynaisse, RAHN, Tianjin Jiuri Materials, Lamberti, Dalian Richifortune Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Report Segments:
The global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) market is segmented on the basis of:
Types
Purity 99%, Purity Above99%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coatings, Metal Coatings, Adhesives
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IGM Resins
- Lambson
- Zhejiang Yangfan New Materials
- Polynaisse
- RAHN
- Tianjin Jiuri Materials
- Lamberti
- Dalian Richifortune Chemicals
Highlights of The 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99%
- Purity Above99%
- By Application:
- Coatings
- Metal Coatings
- Adhesives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
2-Hydroxy-2-methylpropiophenone is a photoinitiator. It is used to initiate the polymerization of organic materials, such as ethylenically unsaturated monomers and oligomers.
Some of the major players in the 2-hydroxy-2-methylpropiophenone(photoinitiator-1173) market are IGM Resins, Lambson, Zhejiang Yangfan New Materials, Polynaisse, RAHN, Tianjin Jiuri Materials, Lamberti, Dalian Richifortune Chemicals.
The 2-hydroxy-2-methylpropiophenone(photoinitiator-1173) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market - Supply Chain
4.5. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Forecast
4.5.1. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size (000 Units) and Y-o-Y Growth
4.5.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Absolute $ Opportunity
5. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
5.3.1. Purity 99%
5.3.2. Purity Above99%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
6.3.1. Coatings
6.3.2. Metal Coatings
6.3.3. Adhesives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share Forecast, 2019-2026
9. North America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
9.4.1. Coatings
9.4.2. Metal Coatings
9.4.3. Adhesives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
9.7.1. Purity 99%
9.7.2. Purity Above99%
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share Forecast, 2019-2026
10. Latin America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
10.4.1. Coatings
10.4.2. Metal Coatings
10.4.3. Adhesives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
10.7.1. Purity 99%
10.7.2. Purity Above99%
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share Forecast, 2019-2026
11. Europe 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
11.4.1. Coatings
11.4.2. Metal Coatings
11.4.3. Adhesives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe 2-Hydroxy-2Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
11.7.1. Purity 99%
11.7.2. Purity Above99%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share, 2019-2026
12. Asia Pacific 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
12.4.1. Coatings
12.4.2. Metal Coatings
12.4.3. Adhesives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
12.7.1. Purity 99%
12.7.2. Purity Above99%
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share, 2019-2026
13. Middle East & Africa 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Application
13.4.1. Coatings
13.4.2. Metal Coatings
13.4.3. Adhesives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market Size and Volume Forecast by Type
13.7.1. Purity 99%
13.7.2. Purity Above99%
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market: Market Share Analysis
14.2. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Distributors and Customers
14.3. 2-Hydroxy-2-Methylpropiophenone(Photoinitiator-1173) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IGM Resins
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lambson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhejiang Yangfan New Materials
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Polynaisse
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RAHN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tianjin Jiuri Materials
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lamberti
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dalian Richifortune Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook