Trends, opportunities and forecast in photoinitiator market to 2023 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)
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 "Photoinitiator Market" www.lucintel.com/photoinitiator-market-2018-2023.aspx
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.
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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.
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.
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
This 173-page research report will enable you to make confident business decisions in this globally competitive marketplace.
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