Global Photoinitiator Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Photoinitiator Market is presumed to reach the market size of nearly USD 6.96 Billion by 2032 from USD 2.71 Billion in 2023 with a CAGR of 11.05% under the study period 2024 - 2032.

A photoinitiator is a substance that performs a photoreaction when exposed to light, resulting in reactive species. It can initiate or catalyze chemical processes that significantly affect the solubility and physical properties of compatible formulations. As a result, a photoinitiator is a substance that can convert light's physical energy into chemical energy in the form of reactive intermediates. Type I and type II photoinitiators are the two types of photoinitiators. After light absorption, Type I photoinitiators undergo unimolecular bond cleavage, resulting in reactive species. These photoinitiators do not require the presence of any other species to function. A bimolecular reaction occurs in Type II photoinitiators. The photoinitiator becomes excited after absorbing light, allowing it to react with another molecule (co-initiator or synergist) to produce the reactive species. Photoinitiators are typically employed in applications requiring high purity, UV transparency, and minimum evaporation residue.

MARKET DYNAMICS

The photoinitiators market is being driven by variables such as ease of use, formulation, and speed. Other factors expected to drive demand for photoinitiators include ease of storage and improved stability. In the near future, the photoinitiators market is likely to benefit from the increased use of photoinitiators in end-use industries. The adhesives, coatings, and paint industries are rising due to technological improvements, automation, and increased demand for bespoke goods. The need for photoinitiators is likely to rise as a result of this. New applications for 3D printing are emerging, like the utilization of newly developed photoinitiators and monomers/oligomers in 3D bioprinting. Photoinitiators can be utilized in various industries, including dentistry, packaging, food, and others, driving the market growth. Some of the downsides of CQ elements employed in photoinitiators include toxicity, low polymerization efficiency, and compromise in the aesthetics of dental composite restoration. This could be a significant market restraint.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Photoinitiator. The growth and trends of Photoinitiator industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Photoinitiator market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Free Radical
Cationic

By End Use Industry

Adhesives
Inks
Coating
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Photoinitiator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Photoinitiator market include IGM Resins (The Netherlands), Zhejiang Yangfan Material Ltd. (China), Tianjin Jiuri New Materials Co. Ltd. (China), ADEKA Corporation (Japan), Lambson Ltd. (UK), Evonik Industries AG (Germany), Rahn AG (Switzerland), Changzhou Tronly New Electronic Material Co. Ltd. (China), TCI Chemicals (Japan), Environ Peciality Chemicals (India). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11217043

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. PHOTOINITIATOR - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By End Use Industry
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL PHOTOINITIATOR MARKET ANALYSIS BY TYPE

5.1. Overview By Type
5.2. Historical and Forecast Data
5.3. Analysis By Type
5.4. Free Radical Historic and Forecast Sales By Regions
5.5. Cationic Historic and Forecast Sales By Regions

6. GLOBAL PHOTOINITIATOR MARKET ANALYSIS BY END USE INDUSTRY

6.1. Overview By End Use Industry
6.2. Historical and Forecast Data
6.3. Analysis By End Use Industry
6.4. Adhesives Historic and Forecast Sales By Regions
6.5. Inks Historic and Forecast Sales By Regions
6.6. Coating Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL PHOTOINITIATOR MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE PHOTOINITIATOR COMPANIES

8.1. Photoinitiator Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF PHOTOINITIATOR INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. IGM Resins (The Netherlands)
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Zhejiang Yangfan Material Ltd. (China)
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. Tianjin Jiuri New Materials Co. Ltd. (China)
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. ADEKA Corporation (Japan)
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. Lambson Ltd. (UK)
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Evonik Industries AG (Germany)
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
9.9. Rahn AG (Switzerland)
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments
9.10. Changzhou Tronly New Electronic Material Co. Ltd. (China)
- 9.10.1 Company Overview
- 9.10.2 Company Revenue
- 9.10.3 Products
- 9.10.4 Recent Developments
9.11. TCI Chemicals (Japan)
- 9.11.1 Company Overview
- 9.11.2 Company Revenue
- 9.11.3 Products
- 9.11.4 Recent Developments
9.12. Environ Peciality Chemicals (India)
- 9.12.1 Company Overview
- 9.12.2 Company Revenue
- 9.12.3 Products
- 9.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies