Photoinitiator Market - Forecasts from 2019 to 2024

September 2019 | 98 pages | ID: PCDC5ECEC197EN
Knowledge Sourcing Intelligence LLP

Abstracts

The photoinitiator market is estimated to be valued at US$2.142 billion in 2018 and is projected to grow at a significant rate during the forecast period. Photoinitiators are small molecules that transform light energy into chemical energy to induce chemical reactions. There has been a rise in demand for photoinitiators due to their excellent properties such as relative stability and range of light absorption. Rising demand for UV-cured coating photoinitiators in the electronic assembly is boosting the growth of the photoinitiators market. Advancements in light-cure adhesive technology will further continue to drive the growth of photoinitiators market during the next five years. Geographically, APAC holds a significant market share owing to the rising end-user industries including electronics, packaging, and automotive.

DRIVERS

• Strict regulations regarding VOC emissions
• Rising demand for UV-cured coating

RESTRAINTS

• Fluctuations in raw material prices

INDUSTRY UPDATE

• Recently in August 2019, IGM has announced the global expansion of its photoinitiator manufacturing by setting up a new Greenfield site in China while upgrading the Mortara, Italy’s manufacturing facility.
• European private equity group Astorg acquired IGM Resins from Arsenal Capital Partners in 2018.

The major players profiled in the photoinitiator market include IGM Resins, Hubei Gurun Technology Co., Ltd., Tronly, Photo High Technologies, Lambson, and Merck KGaA.

Segmentation

The Photoinitiator Market has been analyzed through the following segments:

• By Type
• Free-radical
• Cationic
• By Application
• Inks
• Adhesives
• Coatings
• By Geography
• North America

USA

Canada

Mexico

• South America

Brazil

Argentina

Others

• Europe

United Kingdom

Germany

France

Italy

Others

• Middle East and Africa

Saudi Arabia

UAE

Israel

Others

• Asia Pacific

China

Japan

India

Australia

Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. PHOTOINITIATOR MARKET BY TYPE

5.1. Free-radical
5.2. Cationic

6. PHOTOINITIATOR MARKET BY APPLICATION

6.1. Inks
6.2. Adhesives
6.3. Coatings

7. PHOTOINITIATOR MARKET BY GEOGRAPHY

7.1. North America
  7.1.1. USA
  7.1.2. Canada
  7.1.3. Mexico
7.2. South America
  7.2.1. Brazil
  7.2.2. Argentina
  7.2.3. Others
7.3. Europe
  7.3.1. United Kingdom
  7.3.2. Germany
  7.3.3. France
  7.3.4. Italy
  7.3.5. Others
7.4. Middle East and Africa
  7.4.1. Saudi Arabia
  7.4.2. UAE
  7.4.3. Israel
  7.4.4. Others
7.5. Asia Pacific
  7.5.1. China
  7.5.2. Japan
  7.5.3. India
  7.5.4. South Korea
  7.5.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Market Positioning Matrix and Ranking
8.2. Recent Investments and Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. IGM Resins
9.2. Hubei Gurun Technology Co., Ltd.
9.3. Tronly
9.4. Photo High Technologies
9.5. Lambson
9.6. Merck KGaA.
* List is not exhaustive