New Research: Lucintel Predicts a Bright Future for the Photoinitiator Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Photoinitiator Industry”?

This market report for photoinitiators identifies and predicts future opportunities for growth in global CNG tank industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for photoinitiators in the UV cured coatings, inks, and, adhesives.

According to Lucintel’s market report, the global photoinitiators market is expected to reach an estimated $1.4 billion by 2024 and it is forecast to grow at a CAGR of 7.1% from 2019 to 2024. Some of the dominant players in the global photoinitiators market are AkzoNobel, PPG Industries, DIC Colour and Comfort, Siegwerk, Dymax, Master Bond , Inc. and others.

There are some interesting developments in global photoinitiators market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include improved performance of UV cured coating photoinitiators in the electronic assembly and Advancement in Light Cure Adhesive Technology.

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