Market Overview:
The global photoinitiator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for paints, inks, adhesives, and other applications across the globe. In terms of type, the free-radical type photoinitiators are expected to dominate the market during the forecast period owing to their high reactivity and efficiency.
Product Definition:
A photoinitiator is a chemical compound that starts the polymerization reaction of a monomer in an ultraviolet or visible light-cured resin system. The photoinitiators used in dental resins are typically benzophenone derivatives, such as camphorquinone, 2-hydroxy-4'-methoxybenzophenone (Irgacure 651), and 2,2'-dimethyl-1,3-dioxolane.
Free-radical Type Photoinitiator:
Free radical type photoinitiator is a chemical that generates free radicals when exposed to UV light. These free radicals then react with other chemicals present in the system, thus initiating the process of photochemical reaction. The most commonly used species are hydrogen peroxide and ozone. However, this technology is not limited to these two reactants; it can be used with any combination of substances that form stable compounds under ultraviolet light conditions.
Cationic Type Photoinitiator:
Cationic type photoinitiator is a chemical compound which has anionic group (cations of metal oxides such as ferric chloride, cobalt chloride or manganese dioxide) and non-ionic group (an organic compound). The cationic compounds are used in combination with an anion to initiate the reaction. Anions can be selected from phosphates, sulfates, and nitrates. These initiators react with monomer or polymer to produce lightening effect.
Application Insights:
Paints and coatings held the largest revenue share of over 40.0% in 2017 in the global photoinitiator market. Increasing construction spending on infrastructure development, particularly in emerging economies such as India and China, is expected to drive product demand for paints and coatings application segment over the forecast period.
The growing automotive industry is also anticipated to have a positive impact on market growth during the study period. The increasing production of passenger cars & LCVs by major manufacturers including Toyota Motor Corporation, Honda Motor Co., Ltd., Nissan Motors Ltd., Volkswagen AG (Audi), General Motors Company LLC, Hyundai Motor Co., Ltd., BMW AG, Mercedes-Benz Highways America LLC has significantly boosted product demand for paints and coating applications across all regions since 2014.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 30% of the total revenue share. The region is expected to witness a significant growth owing to rising product demand from various end-use industries, such as paints & coatings, packaging, automotive and others. Rapid industrialization coupled with increasing foreign investments in emerging economies of Asia Pacific is also anticipated to drive industry expansion over the forecast period.
The Europe photoinitiator market is driven by growing demand from several major end-use industries including adhesives & sealants, printing ink/toner/cotton printers and others across Germany, U.K.
Growth Factors:
- Increasing demand for UV curable inks and coatings in the printing and packaging industries
- Rising demand from the emerging economies of Asia Pacific and Latin America
- Growing use of photoinitiators in medical applications
- Proliferation of LED-based lighting systems that require photoinitiators for curing purposes
- Increasing research and development activities aimed at developing new photoinitiators with better performance characteristics
Scope Of The Report
Report Attributes
Report Details
Report Title
Photoinitiator Market Research Report
By Type
Free-radical Type Photoinitiator, Cationic Type Photoinitiator
By Application
Paints, Inks, Adhesives, Others
By 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
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photoinitiator Market Report Segments:
The global Photoinitiator market is segmented on the basis of:
Types
Free-radical Type Photoinitiator, Cationic Type Photoinitiator
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
Paints, Inks, Adhesives, Others
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
- Tianjin Jiuri New Materials
- BASF
- Lambson
- Arkema
- DBC
- NewSun
- Eutec
- Zhejiang Yangfan New Materials
- Tronly
- Hongtai Chemical
- Jinkangtai Chemical
- Polynaisse
- Hubei Gurun
- Kurogane Kasei
Highlights of The Photoinitiator 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:
- Free-radical Type Photoinitiator
- Cationic Type Photoinitiator
- By Application:
- Paints
- Inks
- Adhesives
- Others
- 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 Photoinitiator 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?
Photoinitiator is a photo-enhancing product that can be used to improve the appearance of skin. It contains ingredients that help to lighten dark spots, increase collagen production, and reduce the appearance of wrinkles.
Some of the major companies in the photoinitiator market are 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.
The photoinitiator market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photoinitiator 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. Photoinitiator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photoinitiator Market - Supply Chain
4.5. Global Photoinitiator Market Forecast
4.5.1. Photoinitiator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photoinitiator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photoinitiator Market Absolute $ Opportunity
5. Global Photoinitiator 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. Photoinitiator Market Size and Volume Forecast by Type
5.3.1. Free-radical Type Photoinitiator
5.3.2. Cationic Type Photoinitiator
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photoinitiator 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. Photoinitiator Market Size and Volume Forecast by Application
6.3.1. Paints
6.3.2. Inks
6.3.3. Adhesives
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photoinitiator 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. Photoinitiator 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 Photoinitiator 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. Photoinitiator 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 Photoinitiator Demand Share Forecast, 2019-2026
9. North America Photoinitiator 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 Photoinitiator 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 Photoinitiator Market Size and Volume Forecast by Application
9.4.1. Paints
9.4.2. Inks
9.4.3. Adhesives
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photoinitiator Market Size and Volume Forecast by Type
9.7.1. Free-radical Type Photoinitiator
9.7.2. Cationic Type Photoinitiator
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 Photoinitiator Demand Share Forecast, 2019-2026
10. Latin America Photoinitiator 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 Photoinitiator 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 Photoinitiator Market Size and Volume Forecast by Application
10.4.1. Paints
10.4.2. Inks
10.4.3. Adhesives
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photoinitiator Market Size and Volume Forecast by Type
10.7.1. Free-radical Type Photoinitiator
10.7.2. Cationic Type Photoinitiator
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 Photoinitiator Demand Share Forecast, 2019-2026
11. Europe Photoinitiator 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 Photoinitiator 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 Photoinitiator Market Size and Volume Forecast by Application
11.4.1. Paints
11.4.2. Inks
11.4.3. Adhesives
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photoinitiator Market Size and Volume Forecast by Type
11.7.1. Free-radical Type Photoinitiator
11.7.2. Cationic Type Photoinitiator
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 Photoinitiator Demand Share, 2019-2026
12. Asia Pacific Photoinitiator 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 Photoinitiator 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 Photoinitiator Market Size and Volume Forecast by Application
12.4.1. Paints
12.4.2. Inks
12.4.3. Adhesives
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photoinitiator Market Size and Volume Forecast by Type
12.7.1. Free-radical Type Photoinitiator
12.7.2. Cationic Type Photoinitiator
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 Photoinitiator Demand Share, 2019-2026
13. Middle East & Africa Photoinitiator 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 Photoinitiator 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 Photoinitiator Market Size and Volume Forecast by Application
13.4.1. Paints
13.4.2. Inks
13.4.3. Adhesives
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photoinitiator Market Size and Volume Forecast by Type
13.7.1. Free-radical Type Photoinitiator
13.7.2. Cationic Type Photoinitiator
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 Photoinitiator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photoinitiator Market: Market Share Analysis
14.2. Photoinitiator Distributors and Customers
14.3. Photoinitiator 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. Tianjin Jiuri New Materials
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lambson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arkema
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DBC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NewSun
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eutec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhejiang Yangfan New Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tronly
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hongtai Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jinkangtai Chemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Polynaisse
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hubei Gurun
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kurogane Kasei
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