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Photoinitiator-Global Market Insights and Sales Trends 2025
Synopsis
Photoinitiator, known as a photosensitizer or the photocuring agent, it is a type of compound which is capable of absorbing energy of certain wavelengths in the ultraviolet region (250 ~ 420nm) or in the visible region (400 ~ 800nm) to generate free radicals, cations, giving rise to a crosslinking and polymerization of the monomer. Photoinitiator is a key component of light-curing materials, which plays a decisive role to the light curing speed.
The global Photoinitiator market size is expected to reach US$ 719.3 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Photoinitiator in various end use industries. The expanding demands from the Paints, Inks, Adhesives and Others, are propelling Photoinitiator market. Free-radical Type Photoinitiator, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cationic Type Photoinitiator segment is estimated at % CAGR for the next seven-year period.
Photoinitiators industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world photoinitiators industry. The main market players are IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun and DBC, etc. In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. These two regions occupied 81.86% of the global consumption volume in total.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Photoinitiator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Photoinitiator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Photoinitiator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photoinitiator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Photoinitiator covered in this report include IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun, Arkema, DBC, Zhejiang Yangfan New Materials, Jinkangtai Chemical and NewSun, etc.
The global Photoinitiator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IGM Resins
Tianjin Jiuri New Materials
Tronly
Hubei Gurun
Arkema
DBC
Zhejiang Yangfan New Materials
Jinkangtai Chemical
NewSun
Eutec
Polynaisse
Kurogane Kasei
Global Photoinitiator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Photoinitiator market, Segment by Type:
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Global Photoinitiator market, by Application
Paints
Inks
Adhesives
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Photoinitiator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photoinitiator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Photoinitiator, known as a photosensitizer or the photocuring agent, it is a type of compound which is capable of absorbing energy of certain wavelengths in the ultraviolet region (250 ~ 420nm) or in the visible region (400 ~ 800nm) to generate free radicals, cations, giving rise to a crosslinking and polymerization of the monomer. Photoinitiator is a key component of light-curing materials, which plays a decisive role to the light curing speed.
The global Photoinitiator market size is expected to reach US$ 719.3 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Photoinitiator in various end use industries. The expanding demands from the Paints, Inks, Adhesives and Others, are propelling Photoinitiator market. Free-radical Type Photoinitiator, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cationic Type Photoinitiator segment is estimated at % CAGR for the next seven-year period.
Photoinitiators industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the world photoinitiators industry. The main market players are IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun and DBC, etc. In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. These two regions occupied 81.86% of the global consumption volume in total.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Photoinitiator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Photoinitiator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Photoinitiator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photoinitiator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Photoinitiator covered in this report include IGM Resins, Tianjin Jiuri New Materials, Tronly, Hubei Gurun, Arkema, DBC, Zhejiang Yangfan New Materials, Jinkangtai Chemical and NewSun, etc.
The global Photoinitiator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IGM Resins
Tianjin Jiuri New Materials
Tronly
Hubei Gurun
Arkema
DBC
Zhejiang Yangfan New Materials
Jinkangtai Chemical
NewSun
Eutec
Polynaisse
Kurogane Kasei
Global Photoinitiator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Photoinitiator market, Segment by Type:
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Global Photoinitiator market, by Application
Paints
Inks
Adhesives
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Photoinitiator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photoinitiator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Photoinitiator Market Overview
1.1 Photoinitiator Product Overview
1.2 Photoinitiator Market Segment by Type
1.2.1 Free-radical Type Photoinitiator
1.2.2 Cationic Type Photoinitiator
1.3 Global Photoinitiator Market Size by Type
1.3.1 Global Photoinitiator Market Size Overview by Type (2018-2029)
1.3.2 Global Photoinitiator Historic Market Size Review by Type (2018-2023)
1.3.3 Global Photoinitiator Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Photoinitiator Sales Breakdown by Type (2018-2023)
1.4.2 Europe Photoinitiator Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Photoinitiator Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Photoinitiator Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Photoinitiator Sales Breakdown by Type (2018-2023)
2 Global Photoinitiator Market Competition by Company
2.1 Global Top Players by Photoinitiator Sales (2018-2023)
2.2 Global Top Players by Photoinitiator Revenue (2018-2023)
2.3 Global Top Players by Photoinitiator Price (2018-2023)
2.4 Global Top Manufacturers Photoinitiator Manufacturing Base Distribution, Sales Area, Product Type
2.5 Photoinitiator Market Competitive Situation and Trends
2.5.1 Photoinitiator Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Photoinitiator Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Photoinitiator as of 2022)
2.7 Date of Key Manufacturers Enter into Photoinitiator Market
2.8 Key Manufacturers Photoinitiator Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Photoinitiator Status and Outlook by Region
3.1 Global Photoinitiator Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Photoinitiator Historic Market Size by Region
3.2.1 Global Photoinitiator Sales in Volume by Region (2018-2023)
3.2.2 Global Photoinitiator Sales in Value by Region (2018-2023)
3.2.3 Global Photoinitiator Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Photoinitiator Forecasted Market Size by Region
3.3.1 Global Photoinitiator Sales in Volume by Region (2024-2029)
3.3.2 Global Photoinitiator Sales in Value by Region (2024-2029)
3.3.3 Global Photoinitiator Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Photoinitiator by Application
4.1 Photoinitiator Market Segment by Application
4.1.1 Paints
4.1.2 Inks
4.1.3 Adhesives
4.1.4 Others
4.2 Global Photoinitiator Market Size by Application
4.2.1 Global Photoinitiator Market Size Overview by Application (2018-2029)
4.2.2 Global Photoinitiator Historic Market Size Review by Application (2018-2023)
4.2.3 Global Photoinitiator Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Photoinitiator Sales Breakdown by Application (2018-2023)
4.3.2 Europe Photoinitiator Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Photoinitiator Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Photoinitiator Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Photoinitiator Sales Breakdown by Application (2018-2023)
5 North America Photoinitiator by Country
5.1 North America Photoinitiator Historic Market Size by Country
5.1.1 North America Photoinitiator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Photoinitiator Sales in Volume by Country (2018-2023)
5.1.3 North America Photoinitiator Sales in Value by Country (2018-2023)
5.2 North America Photoinitiator Forecasted Market Size by Country
5.2.1 North America Photoinitiator Sales in Volume by Country (2024-2029)
5.2.2 North America Photoinitiator Sales in Value by Country (2024-2029)
6 Europe Photoinitiator by Country
6.1 Europe Photoinitiator Historic Market Size by Country
6.1.1 Europe Photoinitiator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Photoinitiator Sales in Volume by Country (2018-2023)
6.1.3 Europe Photoinitiator Sales in Value by Country (2018-2023)
6.2 Europe Photoinitiator Forecasted Market Size by Country
6.2.1 Europe Photoinitiator Sales in Volume by Country (2024-2029)
6.2.2 Europe Photoinitiator Sales in Value by Country (2024-2029)
7 Asia-Pacific Photoinitiator by Region
7.1 Asia-Pacific Photoinitiator Historic Market Size by Region
7.1.1 Asia-Pacific Photoinitiator Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Photoinitiator Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Photoinitiator Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Photoinitiator Forecasted Market Size by Region
7.2.1 Asia-Pacific Photoinitiator Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Photoinitiator Sales in Value by Region (2024-2029)
8 Latin America Photoinitiator by Country
8.1 Latin America Photoinitiator Historic Market Size by Country
8.1.1 Latin America Photoinitiator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Photoinitiator Sales in Volume by Country (2018-2023)
8.1.3 Latin America Photoinitiator Sales in Value by Country (2018-2023)
8.2 Latin America Photoinitiator Forecasted Market Size by Country
8.2.1 Latin America Photoinitiator Sales in Volume by Country (2024-2029)
8.2.2 Latin America Photoinitiator Sales in Value by Country (2024-2029)
9 Middle East and Africa Photoinitiator by Country
9.1 Middle East and Africa Photoinitiator Historic Market Size by Country
9.1.1 Middle East and Africa Photoinitiator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Photoinitiator Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Photoinitiator Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Photoinitiator Forecasted Market Size by Country
9.2.1 Middle East and Africa Photoinitiator Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Photoinitiator Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 IGM Resins
10.1.1 IGM Resins Company Information
10.1.2 IGM Resins Introduction and Business Overview
10.1.3 IGM Resins Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.1.4 IGM Resins Photoinitiator Products Offered
10.1.5 IGM Resins Recent Development
10.2 Tianjin Jiuri New Materials
10.2.1 Tianjin Jiuri New Materials Company Information
10.2.2 Tianjin Jiuri New Materials Introduction and Business Overview
10.2.3 Tianjin Jiuri New Materials Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tianjin Jiuri New Materials Photoinitiator Products Offered
10.2.5 Tianjin Jiuri New Materials Recent Development
10.3 Tronly
10.3.1 Tronly Company Information
10.3.2 Tronly Introduction and Business Overview
10.3.3 Tronly Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Tronly Photoinitiator Products Offered
10.3.5 Tronly Recent Development
10.4 Hubei Gurun
10.4.1 Hubei Gurun Company Information
10.4.2 Hubei Gurun Introduction and Business Overview
10.4.3 Hubei Gurun Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hubei Gurun Photoinitiator Products Offered
10.4.5 Hubei Gurun Recent Development
10.5 Arkema
10.5.1 Arkema Company Information
10.5.2 Arkema Introduction and Business Overview
10.5.3 Arkema Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Arkema Photoinitiator Products Offered
10.5.5 Arkema Recent Development
10.6 DBC
10.6.1 DBC Company Information
10.6.2 DBC Introduction and Business Overview
10.6.3 DBC Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.6.4 DBC Photoinitiator Products Offered
10.6.5 DBC Recent Development
10.7 Zhejiang Yangfan New Materials
10.7.1 Zhejiang Yangfan New Materials Company Information
10.7.2 Zhejiang Yangfan New Materials Introduction and Business Overview
10.7.3 Zhejiang Yangfan New Materials Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Zhejiang Yangfan New Materials Photoinitiator Products Offered
10.7.5 Zhejiang Yangfan New Materials Recent Development
10.8 Jinkangtai Chemical
10.8.1 Jinkangtai Chemical Company Information
10.8.2 Jinkangtai Chemical Introduction and Business Overview
10.8.3 Jinkangtai Chemical Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Jinkangtai Chemical Photoinitiator Products Offered
10.8.5 Jinkangtai Chemical Recent Development
10.9 NewSun
10.9.1 NewSun Company Information
10.9.2 NewSun Introduction and Business Overview
10.9.3 NewSun Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.9.4 NewSun Photoinitiator Products Offered
10.9.5 NewSun Recent Development
10.10 Eutec
10.10.1 Eutec Company Information
10.10.2 Eutec Introduction and Business Overview
10.10.3 Eutec Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Eutec Photoinitiator Products Offered
10.10.5 Eutec Recent Development
10.11 Polynaisse
10.11.1 Polynaisse Company Information
10.11.2 Polynaisse Introduction and Business Overview
10.11.3 Polynaisse Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Polynaisse Photoinitiator Products Offered
10.11.5 Polynaisse Recent Development
10.12 Kurogane Kasei
10.12.1 Kurogane Kasei Company Information
10.12.2 Kurogane Kasei Introduction and Business Overview
10.12.3 Kurogane Kasei Photoinitiator Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kurogane Kasei Photoinitiator Products Offered
10.12.5 Kurogane Kasei Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Photoinitiator Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Photoinitiator Industrial Chain Analysis
11.4 Photoinitiator Market Dynamics
11.4.1 Photoinitiator Industry Trends
11.4.2 Photoinitiator Market Drivers
11.4.3 Photoinitiator Market Challenges
11.4.4 Photoinitiator Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Photoinitiator Distributors
12.3 Photoinitiator Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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