Photoinitiator Market, By Type (Free Radical & Cationic), End-use Industry (Adhesives, Ink, Coating) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Global Photoinitiator market is anticipated to reach USD 1.7 billion in 2021 growing at a CAGR of 10.4% during the forecasting period, 2021-2028.
A photoinitiator is a molecule that on reaction produces a reactive species. The reaction takes place in presence of light and leads to the cleavage of the photo initiator molecule resulting into reactive species as free radical, carbocation or carboanion. It tends to perform the function of initiating a chemical reaction. The 2 different mechanism are photo dissociation and electron transfer.
Due to the better properties and being eco-friendly along with increased demand from end user industry are some of the factors that have supported long-term expansion for Photoinitiator industry.
Global Photoinitiator market is segmented into Type, End-use Industry and geography.
Type segment is segmented into Free Radical & Cationic
End-Use Industry segment is segmented into Adhesives, Ink, Coating
Geographically, global Photoinitiator market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Key players in global Photoinitiator market are IGM Resins (The Netherlands), Zhejiang Yangfan Material Co., Ltd. (China), Tianjin Jiuri New Materials Co., Ltd. (China), ADEKA Corporation (Japan), and Lambson Ltd. (UK), are some of the key players in the photoinitiator market. Other players include Evonik Industries AG (Germany), Rahn AG (Switzerland), and Changzhou Tronly New Electronic Material Co., Ltd. (China), TCI Chemicals (Japan), Environ Speciality Chemicals (India) among others.
Report Feature |
Descriptions |
---|---|
Market Revenue In 2021 |
USD 1.7 billion |
Growth Rate |
CAGR of 10.4% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
Type, End-use Industry and Geography |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
IGM Resins (The Netherlands), Zhejiang Yangfan Material Co., Ltd. (China), Tianjin Jiuri New Materials Co., Ltd. (China), ADEKA Corporation (Japan), and Lambson Ltd. (UK), are some of the key players in the photoinitiator market. Other players include Evonik Industries AG (Germany), Rahn AG (Switzerland), and Changzhou Tronly New Electronic Material Co., Ltd. (China), TCI Chemicals (Japan), Environ Speciality Chemicals (India) |
Available Customization |
In addition to the market data for Photoinitiator market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |