PUBLISHER: Lucintel | PRODUCT CODE: 1079250
PUBLISHER: Lucintel | PRODUCT CODE: 1079250
Photoinitiator Market Trends and Forecast
The future of the global photoinitiator market looks promising with opportunities in UV cured coatings, inks, and, adhesives. The photoinitiator market is expected to reach an estimated $1.6 billion by 2027 and it is forecast to grow at a CAGR of 8.2% from 2021 to 2027. The major drivers for this market are increasing demand of photoinitiator due to its excellent properties like relative stability and range of light absorption.
Emerging Trends in the Photoinitiator Market
Emerging trends, which have a direct impact on the dynamics of the industry, include Improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology.
A total of 98 figures / charts and 69 tables are provided in this 163-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global photoinitiator market report.
Photoinitiator Market by Segment
By Application [Volume (M lbs) and $M shipment analysis for 2016 - 2027]
By Product Type [Volume (M lbs) and $M shipment analysis for 2016 - 2027]
By RegionVolume [Volume (M lbs) and $M shipment analysis for 2016 - 2027]
List of Photoinitiator Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies photoinitiator companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the photoinitiator companies profiled in this report includes.
Photoinitiator Market Insight
Features of Photoinitiator Market
FAQ
Q1. What is the photoinitiator market size?
Answer:The global photoinitiator market is expected to reach an estimated $1.6 billion by 2027
Q2. What is the growth forecast for photoinitiator market?
Answer:The photoinitiator market is expected to grow at a CAGR of 8.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the photoinitiator market?
Answer: The major drivers for this market are increasing demand of photoinitiator due to its excellent properties like relative stability and range of light absorption.
Q4. What are the major applications or end use industries for photoinitiator?
Answer:Paint is expected to remain the largest application due to its increasing demand for UV cured wood coatings, automotive coatings, and powder coatings.
Q5. What are the emerging trends in photoinitiator market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology.
Q6. Who are the key photoinitiator companies?
Answer:Some of the key photoinitiator companies are as follows:
Q7. Which photoinitiator product segment will be the largest in future?
Answer: Lucintel forecasts that free radical type will remain the largest product type segment and is expected to witness the highest growth over the forecast period supported by increase in demand of photoinitiator in various applications such as medical devices, electronic devices, glass, and others.
Q8 : In photoinitiator market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.