1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends
Photoinitiator Market Report: Trends, Forecast and Competitive Analysis

Photoinitiator Market Report: Trends, Forecast and Competitive Analysis

  • July 2020
  • 200 pages
  • ID: 5370212
  • Format: PDF
  • Lucintel

Summary

Table of Contents

Trends, opportunities and forecast in photoinitiator market to 2025 by application (paints, inks, and, adhesives), product type (free radical type and cationic type), and region (North America, Europe, Asia Pacific, and the Rest of the World)

The future of the photoinitiator market looks promising with opportunities in UV cured coatings, inks, and, adhesives. The photoinitiator market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth 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 photoinitiator industry, include Improved performance of UV cured coating photoinitiators in the electronic assembly and Advancement in Light Cure Adhesive Technology.

Photoinitiator opportunities have evolved through number of stages as presented in figure below:
Evolution of Photoinitiator Opportunities

In this market, paints is the largest market by application, whereas free radical photoinitiator is largest in product type. Growth in various segments of the photoinitiator market are given below:
Photoinitiator Market by Segments

The study includes the photoinitiator market size and forecast for the photoinitiator market through 2025, segmented by application, product type, and region, as follows:

Photoinitiator Market by Application [Volume (M lbs) and $M shipment analysis for 2014 – 2025]
• Paints
• Inks
• Adhesives

Photoinitiator Market by Product Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]
• Free Radical Type
• Cationic Type

Photoinitiator Market by Region Volume [Volume (M lbs) and $M shipment analysis for 2014 – 2025]
• North America
• Europe
• Asia Pacific
• The Rest of the World
Some of the photoinitiators companies profiled in this report include AkzoNobel, PPG Industries, DIC Colour and Comfort, Siegwerk, Dymax, Master Bond , Inc. and others.

The analyst forecasts that UV cured coatings is expected to remain the largest application due to its increasing demand in wood coatings, automotive coatings, and powder coatings. UV cured inks is expected to witness the highest growth over the forecast period due to increasing demand in printing, graphic arts, and LED ink curing.

Within the photoinitiator market, 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.

Some of the features of this report:

• Market size estimates: Photoinitiator market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
• Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, and end use industry.
• Segmentation analysis: Photoinitiator market size by various applications such as application, and product in terms of value and volume shipment.
• Regional analysis: Photoinitiator market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of photoinitiator in the photoinitiator market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of photoinitiator in the photoinitiator market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the photoinitiator market by application (paints, inks, and, adhesives), product type (free radical type and cationic type), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this photoinitiator market?
Q.5. What are the business risks and competitive threats in this photoinitiator market?
Q.6. What are the emerging trends in this photoinitiator market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the photoinitiator market?
Q.8. What are the new developments in the photoinitiator market? Which companies are leading these developments?
Q.9. Who are the major players in this photoinitiator market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this photoinitiator market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the photoinitiator industry?

Report Scope
Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 200
Market Representation / Units Revenue in US $ Billion and Volume in M Ibs
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling

Market Segments By application (paints, inks, and, adhesives), product type (free radical type and cationic type)
Regional Scope North America, Europe, Asia Pacific, and RoW
Customization 10% Customization Without any Additional Cost

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Cellulose Nitrate Industry

  • $ 5600
  • April 2021
  • 192 pages

Abstract: - Global Cellulose Nitrate Market to Reach $1.1 Billion by 2027 - Amid the COVID-19 crisis, the global market for Cellulose Nitrate estimated at US$789.2 Million in the year 2020, is projected ...

  • World
  • China
  • Automotive Coating
  • Performance Coating
  • Industry analysis

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on