Global Photoinitiator Market to reach USD 3 billion by 2027.
Global Photoinitiator Market is valued approximately at USD 1.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.3% over the forecast period 2021-2027. A photoinitiator, also known as a photosensitizer or a photocuring agent, is a kind of chemical capable of absorbing energy from particular wavelengths in the UV (250 420nm) or visible range (400 800nm) to create free radicals and cations, causing the monomer to crosslink and polymerize. Photoinitiator is an important component of light-curing materials that influences the speed of light curing. The adhesives, coatings, and paint industries are growing as a result of technological developments, automation, and increased demand for customised products. Demand for photoinitiators is likely to rise as a result. In 3D printing, new use cases are being created, such as the utilization of newly discovered photoinitiators and monomers/oligomers in 3D bio-printing. Photoinitiators can be utilized in a variety of sectors, including dentistry, packaging, food, and others. For instance, CELLINK, a Swedish 3D bioprinter company, collaborated with Made In Space, a microgravity company, in December 2019 to discover 3D bioprinting development potential for the International Space Station (ISS). Furthermore, The University of Minnesota (UMN) created a novel, dynamic 3D Bio printed tumors model in a laboratory dish in April 2019 with NIBIB funding to screen anticancer medicines and analyses cancer dissemination and primary site tumors development. However, Higher Cost, may impede market growth over the forecast period of 2021-2027.

Geographically, APAC is dominating the market due to increasing demand for photoinitiators in the electronic, packaging, and automotive industries, which improve overall productivity by reducing cure time and emission low VOC emissions. However, Europe is also growing at positive pace due to rising market players initiatives in the forecasting years 2020-2027.


Major market player included in this report are:

ADEKA Corporation
IGM Resins
Lambson Ltd.
Changzhou Tronly New Electronic Material Co., Ltd.
Tianjin Jiuri New Materials Co., Ltd.
Zhejiang Yangfan Material Co., Ltd.
TCI Chemicals
Environ Speciality Chemicals
Evonik Industries AG
Rahn AG



The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Free Radical
Cationic
By End use Industry:
Adhesives
Ink
Coating
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Photoinitiator Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors