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The future of the global photoinitiator market looks promising with opportunities in UV cured coatings, inks, and, adhesives. The photoinitiator market is expected to reach an estimated $1.6 billion by 2027 and it is forecast to grow at a CAGR of 8.2% from 2021 to 2027. The major drivers for this market are increasing demand of photoinitiator due to its excellent properties like relative stability and range of light absorption.
Emerging trends, which have a direct impact on the dynamics of the industry, include Improved performance of UV cured coating photoinitiators in the electronic assembly and advancement in light cure adhesive technology.
A total of 98 figures/charts and 69 tables are provided in this 163-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global photoinitiator market report, then you should read this report.
In this market, paint is the largest market by application, whereas free radical photoinitiator is largest in product type. Business Wire