Photoinitiator, known as a photosensitizer or the photocuring agent, it is a type of compound which is capable of absorbing energy of certain wavelengths in the ultraviolet region (250 ~ 420nm) or in the visible region (400 ~ 800nm) to generate free radicals, cations, giving rise to a crosslinking and polymerization of the monomer. Photoinitiator is a key component of light-curing materials, which plays a decisive role to the light curing speed.
According to the new market research report “UV Photoinitiators - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global UV Photoinitiators market size is projected to reach USD 0.95 billion by 2029, at a CAGR of 3.2% during the forecast period.
- Global UV Photoinitiators MarketSize(US$ Million), 2018-2029
Source: QYResearch, "UV Photoinitiators - Global Market Insights and Sales Trends 2024”
- Global UV Photoinitiators Top12Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, "UV Photoinitiators - Global Market Insights and Sales Trends 2024”
The global key manufacturers of UV Photoinitiators include IGM Resins, Tianjin Jiuri New Materials, Tronly, Arkema, Zhejiang Yangfan New Materials, Hubei Gurun, DBC, NewSun , Jinkangtai Chemical, Eutec, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.
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