DUBLIN--(BUSINESS WIRE)--The "Photoinitiator Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the global photoinitiator market looks promising with opportunities in UV cured coatings, inks, and, adhesives. The photoinitiator market is expected to reach an estimated $1.6 billion by 2027 and it is forecast to grow at a CAGR of 8.2% from 2021 to 2027. The major drivers for this market are increasing demand of photoinitiator due to its excellent properties like relative stability and range of light absorption.
Emerging trends, which have a direct impact on the dynamics of the industry, include Improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology.
In this market, paint is the largest market by application, whereas free radical photoinitiator is largest in product type. Growth in various segments of the photoinitiator market is given below:
The study includes a forecast for the global photoinitiator market by application, product type, and region, as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2016-2027]
- Paints
- Inks
- Adhesives
By Product Type [Volume (M lbs) and $M shipment analysis for 2016-2027]
- Free Radical Type
- Cationic Type
By Region Volume [Volume (M lbs) and $M shipment analysis for 2016-2027]
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Asia Pacific
- China
- India
- Japan
- The Rest of the WorldÂ
The analyst forecasts that paint is expected to remain the largest application due to its increasing demand for UV cured wood coatings, automotive coatings, and powder coatings. Inks is expected to witness the highest growth over the forecast period due to increasing demand in printing, graphic arts, and LED ink curing.
Free radical type will remain the largest product type segment and is expected to witness the highest growth over the forecast period supported by increase in demand of photoinitiator in various applications such as medical devices, electronic devices, glass, and others.
Asia Pacific is expected to remain the largest region and it is also expected to witness highest growth over the forecast period due to increasing demand for photoinitiators in electronic, packaging, and automotive industries as it improves the overall productivity by reducing cure time and low VOC emissions.
Features of the Global Photoinitiator Market
- Market Size Estimates: Global photoinitiator market size estimation in terms of value ($M) and volume (M lbs) shipment.
- Trend And Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis: Global photoinitiator market size by various segments, such as application and product type in terms of value and volume.
- Regional Analysis: Global photoinitiator market breakdown by the North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application, product type, and region for the global photoinitiator market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global photoinitiator market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- IGM Resins
- Arkema S.A
- Tianjin Jiuri New Material Co. Ltd.
- Changzhou Tronly New Electronic Materials
- RAHN AG
For more information about this report visit https://www.researchandmarkets.com/r/h6mtbj
