Photoinitiators Market, By Application (Paints, Inks and Adhesives), By Product Type (Free Radical Type and Cationic Type), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East &Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI110319 | Publish Date: April 2024 | No. of Pages: 168

Global Photoinitiators Market By Application Overview

Introduction

Photoinitiators are the compound which produces reactive species such as free radicals, cation, and anion by undergoing photoreaction when exposed to radiation such as UV or visible. They can transform the physical energy of light to suitable chemical energy in the form of reactive intermediates thus resulting in significant changes in the solubility and physical properties of the reactive formulations. Synthetic photoinitiators are key components in photopolymers such as photo-curable coatings, adhesives and dental restoratives. Some small molecules also act as a photoinitiators. Some of the commonly used photoinitiators are diethoxyacetophenone (DEAP), dimethoxyphenylacetophenone, and benzoylcyclohexanol.

Increase in demand for photoinitiators due to its excellent properties such as relative stability and range of light absorption is expected to drive growth of the target market in the near future. Increasing adoption of photoinitiators in various sectors for end-use applications such as paints, inks and adhesives is another factor anticipated to augment growth of the global market over the forecast period. Furthermore, emerging trends the improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology have a direct impact on the growth of the target market.  Global photoinitiators market is expected to witness the highest growth over the forecast period supported by increase in adoption of photoinitiators in various applications such as medical devices, electronic devices, glass, and others.

Photoinitiators market has been segmented into three categories on the basis of application, product type, and region. On the basis of application, the global photoinitiators market is classified into paints, inks and adhesives. On the basis of product type global photoinitiators market is further classified into free radical type and cationic type. Within the global photoinitiators market, free radical type will remain the largest product type segment. It is expected to witness the highest growth over the forecast period supported by increase in demand of photoinitiators in various applications such as medical devices, electronic devices, glass, and others.

Based on region the photoinitiators market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to remain the largest region and it is also expected to witness highest growth over the forecast period. This is attributed 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.

Key players operating in the photoinitiators market includes AkzoNobel N.V., PPG Industries,Inc., DIC Colour and Design, Inc. and Comfort, Siegwerk Druckfurban AG & co., Dymax corporation, Master Bond , Inc.

Global Photoinitiators Market By Application Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Application
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Paints
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Inks and Adhesives
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Free Radical Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cationic Type
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • AkzoNobel N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PPG Industries,Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DIC Colour and Design, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Comfort
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siegwerk Druckfurban AG & co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dymax corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Master Bond , Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Photoinitiators Market is segmented into Product Application, Product Type and Region.

Photoinitiators Market is driven by factors such as the growing demand for UV-curable inks, coatings, and adhesives in various industries, advancements in photoinitiator technologies, and increasing applications in 3D printing and packaging.

Market restraints may include concerns related to the environmental impact of certain photoinitiators, regulatory challenges, and fluctuations in raw material prices affecting production costs.

The report covers regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is poised to dominate the Photoinitiators Market, attributed to the robust growth of end-use industries, expanding manufacturing activities, and the increasing adoption of UV-curable products in the region.

The key players operating the target market includes, AkzoNobel N.V., PPG Industries,Inc., DIC Colour and Design, Inc. and Comfort, Siegwerk Druckfurban AG & co., Dymax corporation, Master Bond , Inc.