Report Code: A05316 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Photo initiator absorbs UV light and converts this light energy into chemical energy, which is in the form of reactive intermediates. It is broadly classified into two types namely free radical and cationic. The photo initiator market is rapidly experiencing growth in the adhesives, printing and packaging, paints and coating, electronic devices, industrial applications, and others. The adhesive film used for coating is relatively thick that gives rapid cure owing to elimination of oxygen. Thus, photo initiator is used for adhesives. UV cured coating on wood, plastic, and paper are widely used due to its long lasting nature, shiny, and smooth finish. Increase in demand for photo initiator market is owing to its features such as higher yield, better abrasion, and stain resistance.
Factor that drive the growth of the photo initiator market include advanced properties such as better finishing quality and high efficiency. It is also eco-friendly, which is an added advantage. However, Â the use of the comparatively expensive new cationic systems restrict the growth of the market. Photo initiator contains low toxic materials that prevent its usage in oral care. Usage of photo initiator in manufacturing of automobiles and food packing are few opportunities for the market growth in upcoming years.
The photo initiator market is segmented based on product, application, and region. Based on the product, it is divided into radical type and cationic type. Based on application, the market is classified into printing and packaging, paints and coating, adhesives, electronic devices, and others. Based on region, the photo initiator market is analyzed across North America, Europe and Asia-Pacific.
Some of the main major players operating in the photo initiator market are Polynaisse, IGM Resins, BASF SE, Lambson, Hongtai, Arkema, Tianjin Jiuri New Material Co., Ltd., NEWSUN and PPG Industries, Inc., and Akzo Nobel N.V. Development and growth in the construction business and electronics sector in Asia-Pacific are expected to boost the end use demand for this market in future. Market in North America is expected to grow in the upcoming years.
Photo Initiator Market Report Highlights
Aspects | Details |
---|---|
By Product |
|
By Application: |
|
By Region |
|
Key Market Players | Lambson, IGM Resins, BASF SE, Hongtai, Polynaisse, Tianjin Jiuri New Material Co., Ltd., Arkema, NEWSUN, Akzo Nobel N.V., PPG Industries, Inc. |
Other Key Market Players | Environ Speciality Chemicals Ltd. (India), ADEKA Corporation (Japan) |
Loading Table Of Content...
Start reading.
This Report and over 71,335+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers