Photoinitiator Market is expected to grow at a CAGR 5.3% – An exclusive market research report by Lucintel

Photoinitiator Market is expected to grow at a CAGR 5.3% - An exclusive market research report by Lucintel

“Trends and Forecast for the Global Photoinitiator Market”
Trends, opportunities and forecast in photoinitiator market to 2025 by application (paints, inks, and, adhesives), product type (free radical type and cationic type), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Lucintel’s latest market report analyzed that photoinitiator provides attractive opportunities in UV cured coatings, inks, and, adhesives. The photoinitiator market is expected to grow at a CAGR of 5.3%. In this market, UV cured coatings is the largest segment by application, whereas free radical type is largest by product type. The improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology provides strategic growth path in this market.

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Based on application, the photoinitiator market is segmented into paints, inks, and, adhesives. The UV cured coatings segment accounted for the largest share of the market in 2020 due to its increasing demand in wood coatings, automotive coatings, and powder coatings. UV cured inks is expected to witness the highest growth over the forecast period due to increasing demand in printing, graphic arts, and LED ink curing.

Browse in-depth TOC on “Photoinitiator Market”

94 – Tables

102 – Figures

200 – Pages

The photoinitiator market is marked by the presence of several big and small players. Some of the prominent players offering photoinitiator include AkzoNobel, PPG Industries, DIC Colour and Comfort, Siegwerk, Dymax, Master Bond, Inc. and others.  

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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