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Photoinitiator Market: Trends, Opportunities and Competitive Analysis

Photoinitiator Market: Trends, Opportunities and Competitive Analysis

  • March 2022
  • 163 pages
  • ID: 6310020
  • Format: PDF
  • Lucintel

Summary

Table of Contents

Photoinitiator Market, Photoinitiator Market Size, Photoinitiator industry, COVID 19 impact on Photoinitiator Market

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 World
Some of the personal care active ingredient companies profiled in this report include AkzoNobel, PPG Industries, DIC Colour and Comfort, Siegwerk, Dymax, Master Bond , Inc.

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.

This report answers following key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the global photoinitiator market by application (paints, inks, and, adhesives), product type (free radical type and cationic type), and region (North America, Europe, Asia Pacific, and 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 drivers and challenges of the global photoinitiator market?
Q.5 What are the business risks and threats to the global photoinitiator market?
Q.6 What are emerging trends in this photoinitiator market and the reasons behind them?
Q.7 What are some changing demands of customers in this photoinitiator market?
Q.8 What are the new developments in this photoinitiator market? Which companies are leading these developments?
Q.9 Who are the major players in this photoinitiator market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this photoinitiator market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global photoinitiator market?

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