Competition in my country’s photoinitiator market is fierce and the industry is booming

Photoinitiators, also known as photosensitizers and photocuring agents, are a type of photoinitiator that can absorb energy of a certain wavelength in the ultraviolet light region (250-420nm) or visible light region (400-800nm) to produce free radicals, cations, etc., thereby initiating monomers Polymerizes cross-linked curing compounds. Photoinitiators can be divided into ultraviolet photoinitiators and visible light initiators according to different types of absorbed radiation; according to different initiation mechanisms, they can be divided into free radical polymerization photoinitiators and cationic polymerization photoinitiators.

The upstream of the photoinitiator industry chain is the supply of photosensitizers, photosensitive monomers, antioxidants, anti-UV agents and other materials; the midstream is the production and production of various subdivided products; the downstream is widely used in coating, printing, ink, light Curing materials, automobile manufacturing, microelectronics industry and other fields.

According to the “2023-2027 China Photoinitiator Product Market Analysis Feasibility Research Report” released by the Industrial Research Center, photoinitiation Agent is the core raw material of photocurable materials. As the environmental situation becomes increasingly severe, the country’s emphasis on environmental protection continues to increase. As a new energy-saving and environmentally friendly material, photocurable materials are widely used in inks, adhesives, electronic information, 3D printing and other fields, driving the photoinitiator market. The scale continues to expand. In 2018, my country’s photoinitiator market size was approximately 1.5 billion yuan, and in 2022, the market size was approximately 3.9 billion yuan, with a compound annual growth rate of nearly 27% from 2018 to 2022.

At present, there are a large number of domestic photoinitiator manufacturers and the market competition is fierce. Leading companies occupy most of the market share by virtue of their advantages in technology and scale. IGM Resins and Jiuri New Materials belong to the first echelon in the photoinitiator industry, with rich product varieties and large production capacity, and have strong competitive advantages in the global market; Arkema Group, Rahn AG, Qianli New Materials, Yangfan New Materials, etc. The second echelon has weaker production capacity and certain limitations in sales area; other small and medium-sized enterprises belong to the third echelon, with smaller production scale, backward production technology and weak market competitiveness. As market competition continues to intensify, the speed of mergers and reorganizations in the photoinitiator industry will gradually accelerate, market resources will further gather towards leading companies, and industry concentration is expected to further increase.

Jiuri New Materials is a leading enterprise in my country’s photoinitiator industry. It is a national high-tech company integrating R&D, production, sales and service of professional photoinitiators, monomers, oligomers, UV absorbers and other photocurable materials. The company is the photoinitiator production supplier with the largest output and the most complete varieties in the country, and has global influence in the field of photocuring.

Industry analysts said that with the continuous improvement of my country’s scientific and technological development level, the continuous expansion of the scale of high-tech industries, and the continuous advancement of environmental protection policies, The application scope of photoinitiators will continue to expand, market demand will maintain a growth trend, and the industry is booming. Domestic photoinitiator manufacturers still need to increase investment, improve independent innovation capabilities, develop new products and new technologies, and enhance their core competitiveness.