According to a new market report published by Lucintel, the future of the global photoinitiators market looks promising with opportunities in paints, inks, and adhesives. The global photoinitiators market is expected to reach an estimated $1,294.4 million by 2023 and it is forecast to grow at a CAGR of 8.5% from 2018 to 2023. The major growth drivers for this market are increasing demand for photoinitiators in packaging, automotive and electronic industries as they improve overall productivity by reducing cure time and generating low VOC emissions.
Browse 95 market data tables and 113 figures spread through 173 pages and in-depth TOC on “Global Photoinitiators Market”
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In this market, paints, inks, and adhesives are the major segments of the photoinitiators market by end use application. On the basis of its comprehensive research, Lucintel forecasts that the inks and adhesives segments will show above average growth during the forecast period.
By product type, the global photoinitiator market is segmented into free radical and cationic type. The free radical type photoinitiator segment is expected to show above average growth during the forecast period because of increased usage due to fast cure time.
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APAC is expected to remain the largest region, and is likely to register the highest growth due to growth in construction, packaging, printing, electrical & electronics, and automotive industries.
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Emerging trends, which have a direct impact on the dynamics of the industry, include improved performance of UV curing coatings in the electronic assembly and advancement in light cure adhesives technology. IGM Resins, Tianjin Jiuri New Materials Co. Ltd, Changzhou Tronly New Electronic Materials Co. Ltd., Lambson Limited, and RAHN AG are the major suppliers in the global photoinitiators market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global photoinitiators market by end use application, product type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Photoinitiators Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global photoinitiators market by end use application, product type, end use industry, and region, as follows:
By End Use Application [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]
By Product Type [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]
- Free Radical Type
- Cationic Type
By End Use Industry [$M shipment analysis for 2012 – 2023]
- Graphic arts
By Region [Volume (Million Pounds) and $M shipment analysis for 2012 – 2023]
- North America
- Asia Pacific
- The Rest of the World
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This 173-page 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 https://www.lucintel.com/photoinitiator-market-2018-2023.aspx or firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the photoinitiators market by end use application (paints, inks and adhesives), product type (free radical type, and cationic type), end use application (construction, transportation, graphic arts, electronics, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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