Photo Initiator Market: Global Opportunity Analysis and Industry Forecast, 2019-2026Allied Market Research published a new report, titled, "Photo Initiator Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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.
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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, 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.
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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.
Key offerings of the report:
o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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