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Photoinitiators-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 Photoinitiators market size is expected to reach US$ 718 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Photoinitiators in various end use industries. The expanding demands from the Paints, Inks, Adhesives and Others, are propelling Photoinitiators 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.
The major players in global Photoinitiators market include IGM Resins, Tianjin Jiuri New Materials, etc. The top 2 players occupy about 50% shares of the global market. China and Europe are main markets, they occupy over 85% of the global market. Free-radical Type Photoinitiator is the main type, with a share over 80%. Paints and Inks are two key applications, hold about 60% shares altogether.
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 Photoinitiators, 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 Photoinitiators 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 Photoinitiators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photoinitiators 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 Photoinitiators covered in this report include IGM Resins, Tianjin Jiuri New Materials, BASF, Lambson, Arkema, DBC, NewSun, Eutec and Zhejiang Yangfan New Materials, etc.
The global Photoinitiators 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
BASF
Lambson
Arkema
DBC
NewSun
Eutec
Zhejiang Yangfan New Materials
Tronly
Hongtai Chemical
Jinkangtai Chemical
Polynaisse
Hubei Gurun
Kurogane Kasei
Global Photoinitiators 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 Photoinitiators market, Segment by Type:
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Global Photoinitiators 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 Photoinitiators manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photoinitiators 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 Photoinitiators market size is expected to reach US$ 718 million by 2029, growing at a CAGR of 4.0% from 2023 to 2029. The market is mainly driven by the significant applications of Photoinitiators in various end use industries. The expanding demands from the Paints, Inks, Adhesives and Others, are propelling Photoinitiators 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.
The major players in global Photoinitiators market include IGM Resins, Tianjin Jiuri New Materials, etc. The top 2 players occupy about 50% shares of the global market. China and Europe are main markets, they occupy over 85% of the global market. Free-radical Type Photoinitiator is the main type, with a share over 80%. Paints and Inks are two key applications, hold about 60% shares altogether.
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 Photoinitiators, 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 Photoinitiators 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 Photoinitiators market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photoinitiators 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 Photoinitiators covered in this report include IGM Resins, Tianjin Jiuri New Materials, BASF, Lambson, Arkema, DBC, NewSun, Eutec and Zhejiang Yangfan New Materials, etc.
The global Photoinitiators 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
BASF
Lambson
Arkema
DBC
NewSun
Eutec
Zhejiang Yangfan New Materials
Tronly
Hongtai Chemical
Jinkangtai Chemical
Polynaisse
Hubei Gurun
Kurogane Kasei
Global Photoinitiators 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 Photoinitiators market, Segment by Type:
Free-radical Type Photoinitiator
Cationic Type Photoinitiator
Global Photoinitiators 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 Photoinitiators manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photoinitiators 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 Photoinitiators Market Overview
1.1 Photoinitiators Product Overview
1.2 Photoinitiators Market Segment by Type
1.2.1 Free-radical Type Photoinitiator
1.2.2 Cationic Type Photoinitiator
1.3 Global Photoinitiators Market Size by Type
1.3.1 Global Photoinitiators Market Size Overview by Type (2018-2029)
1.3.2 Global Photoinitiators Historic Market Size Review by Type (2018-2023)
1.3.3 Global Photoinitiators Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Photoinitiators Sales Breakdown by Type (2018-2023)
1.4.2 Europe Photoinitiators Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Photoinitiators Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Photoinitiators Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Photoinitiators Sales Breakdown by Type (2018-2023)
2 Global Photoinitiators Market Competition by Company
2.1 Global Top Players by Photoinitiators Sales (2018-2023)
2.2 Global Top Players by Photoinitiators Revenue (2018-2023)
2.3 Global Top Players by Photoinitiators Price (2018-2023)
2.4 Global Top Manufacturers Photoinitiators Manufacturing Base Distribution, Sales Area, Product Type
2.5 Photoinitiators Market Competitive Situation and Trends
2.5.1 Photoinitiators Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Photoinitiators 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 Photoinitiators as of 2022)
2.7 Date of Key Manufacturers Enter into Photoinitiators Market
2.8 Key Manufacturers Photoinitiators Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Photoinitiators Status and Outlook by Region
3.1 Global Photoinitiators Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Photoinitiators Historic Market Size by Region
3.2.1 Global Photoinitiators Sales in Volume by Region (2018-2023)
3.2.2 Global Photoinitiators Sales in Value by Region (2018-2023)
3.2.3 Global Photoinitiators Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Photoinitiators Forecasted Market Size by Region
3.3.1 Global Photoinitiators Sales in Volume by Region (2024-2029)
3.3.2 Global Photoinitiators Sales in Value by Region (2024-2029)
3.3.3 Global Photoinitiators Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Photoinitiators by Application
4.1 Photoinitiators Market Segment by Application
4.1.1 Paints
4.1.2 Inks
4.1.3 Adhesives
4.1.4 Others
4.2 Global Photoinitiators Market Size by Application
4.2.1 Global Photoinitiators Market Size Overview by Application (2018-2029)
4.2.2 Global Photoinitiators Historic Market Size Review by Application (2018-2023)
4.2.3 Global Photoinitiators Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Photoinitiators Sales Breakdown by Application (2018-2023)
4.3.2 Europe Photoinitiators Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Photoinitiators Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Photoinitiators Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Photoinitiators Sales Breakdown by Application (2018-2023)
5 North America Photoinitiators by Country
5.1 North America Photoinitiators Historic Market Size by Country
5.1.1 North America Photoinitiators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Photoinitiators Sales in Volume by Country (2018-2023)
5.1.3 North America Photoinitiators Sales in Value by Country (2018-2023)
5.2 North America Photoinitiators Forecasted Market Size by Country
5.2.1 North America Photoinitiators Sales in Volume by Country (2024-2029)
5.2.2 North America Photoinitiators Sales in Value by Country (2024-2029)
6 Europe Photoinitiators by Country
6.1 Europe Photoinitiators Historic Market Size by Country
6.1.1 Europe Photoinitiators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Photoinitiators Sales in Volume by Country (2018-2023)
6.1.3 Europe Photoinitiators Sales in Value by Country (2018-2023)
6.2 Europe Photoinitiators Forecasted Market Size by Country
6.2.1 Europe Photoinitiators Sales in Volume by Country (2024-2029)
6.2.2 Europe Photoinitiators Sales in Value by Country (2024-2029)
7 Asia-Pacific Photoinitiators by Region
7.1 Asia-Pacific Photoinitiators Historic Market Size by Region
7.1.1 Asia-Pacific Photoinitiators Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Photoinitiators Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Photoinitiators Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Photoinitiators Forecasted Market Size by Region
7.2.1 Asia-Pacific Photoinitiators Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Photoinitiators Sales in Value by Region (2024-2029)
8 Latin America Photoinitiators by Country
8.1 Latin America Photoinitiators Historic Market Size by Country
8.1.1 Latin America Photoinitiators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Photoinitiators Sales in Volume by Country (2018-2023)
8.1.3 Latin America Photoinitiators Sales in Value by Country (2018-2023)
8.2 Latin America Photoinitiators Forecasted Market Size by Country
8.2.1 Latin America Photoinitiators Sales in Volume by Country (2024-2029)
8.2.2 Latin America Photoinitiators Sales in Value by Country (2024-2029)
9 Middle East and Africa Photoinitiators by Country
9.1 Middle East and Africa Photoinitiators Historic Market Size by Country
9.1.1 Middle East and Africa Photoinitiators Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Photoinitiators Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Photoinitiators Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Photoinitiators Forecasted Market Size by Country
9.2.1 Middle East and Africa Photoinitiators Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Photoinitiators 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 Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.1.4 IGM Resins Photoinitiators 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 Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tianjin Jiuri New Materials Photoinitiators Products Offered
10.2.5 Tianjin Jiuri New Materials Recent Development
10.3 BASF
10.3.1 BASF Company Information
10.3.2 BASF Introduction and Business Overview
10.3.3 BASF Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.3.4 BASF Photoinitiators Products Offered
10.3.5 BASF Recent Development
10.4 Lambson
10.4.1 Lambson Company Information
10.4.2 Lambson Introduction and Business Overview
10.4.3 Lambson Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Lambson Photoinitiators Products Offered
10.4.5 Lambson Recent Development
10.5 Arkema
10.5.1 Arkema Company Information
10.5.2 Arkema Introduction and Business Overview
10.5.3 Arkema Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Arkema Photoinitiators 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 Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.6.4 DBC Photoinitiators Products Offered
10.6.5 DBC Recent Development
10.7 NewSun
10.7.1 NewSun Company Information
10.7.2 NewSun Introduction and Business Overview
10.7.3 NewSun Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.7.4 NewSun Photoinitiators Products Offered
10.7.5 NewSun Recent Development
10.8 Eutec
10.8.1 Eutec Company Information
10.8.2 Eutec Introduction and Business Overview
10.8.3 Eutec Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Eutec Photoinitiators Products Offered
10.8.5 Eutec Recent Development
10.9 Zhejiang Yangfan New Materials
10.9.1 Zhejiang Yangfan New Materials Company Information
10.9.2 Zhejiang Yangfan New Materials Introduction and Business Overview
10.9.3 Zhejiang Yangfan New Materials Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Zhejiang Yangfan New Materials Photoinitiators Products Offered
10.9.5 Zhejiang Yangfan New Materials Recent Development
10.10 Tronly
10.10.1 Tronly Company Information
10.10.2 Tronly Introduction and Business Overview
10.10.3 Tronly Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Tronly Photoinitiators Products Offered
10.10.5 Tronly Recent Development
10.11 Hongtai Chemical
10.11.1 Hongtai Chemical Company Information
10.11.2 Hongtai Chemical Introduction and Business Overview
10.11.3 Hongtai Chemical Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Hongtai Chemical Photoinitiators Products Offered
10.11.5 Hongtai Chemical Recent Development
10.12 Jinkangtai Chemical
10.12.1 Jinkangtai Chemical Company Information
10.12.2 Jinkangtai Chemical Introduction and Business Overview
10.12.3 Jinkangtai Chemical Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Jinkangtai Chemical Photoinitiators Products Offered
10.12.5 Jinkangtai Chemical Recent Development
10.13 Polynaisse
10.13.1 Polynaisse Company Information
10.13.2 Polynaisse Introduction and Business Overview
10.13.3 Polynaisse Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Polynaisse Photoinitiators Products Offered
10.13.5 Polynaisse Recent Development
10.14 Hubei Gurun
10.14.1 Hubei Gurun Company Information
10.14.2 Hubei Gurun Introduction and Business Overview
10.14.3 Hubei Gurun Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Hubei Gurun Photoinitiators Products Offered
10.14.5 Hubei Gurun Recent Development
10.15 Kurogane Kasei
10.15.1 Kurogane Kasei Company Information
10.15.2 Kurogane Kasei Introduction and Business Overview
10.15.3 Kurogane Kasei Photoinitiators Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Kurogane Kasei Photoinitiators Products Offered
10.15.5 Kurogane Kasei Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Photoinitiators 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 Photoinitiators Industrial Chain Analysis
11.4 Photoinitiators Market Dynamics
11.4.1 Photoinitiators Industry Trends
11.4.2 Photoinitiators Market Drivers
11.4.3 Photoinitiators Market Challenges
11.4.4 Photoinitiators Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Photoinitiators Distributors
12.3 Photoinitiators 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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