UV Photoinitiators Market COVID-19 Impact Analysis and Research Report 2027
UV Photoinitiator is a compound which absorbs light and undergoes photoreaction to produce reactive species. A photoinitiator can initiate or catalyse a chemical reaction that results in significant changes in the solubility and physical properties. Thus, photoinitiator is a compound which converts the physical energy of light into chemical energy as reactive intermediates.
The development of improved UV photoinitiators is considered a relatively new phenomenon. Improvements such as expanded photosensitive wavelength band and advanced solubility of photoinitiators are incorporated with standard photoinitiators to increase their performance. Developing new UV photoinitiators needs an enormous effort in R&D. Innovation can in turn lead to more efficient curable resins and widen the breadth of products that can be cured across end-use sectors.
Some of the most prominent factors that have been driving the growth of the UV photoinitiators market include easy operation, formulation, and speed with which the product can be implemented. The Product are easy to store and have better stability. As more end use industries are using UV photoinitiators, this will in turn drive the market over the forecast period.
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UV Photoinitiators Market Top Key Players:
Tianjin Jiuri New Materials
Zhejiang Yangfan New Materials
Impact of COVID-19 on UV Photoinitiators Market: The global UV photoinitiators market includes major suppliers like Allnex Netherlands B.V., Alberdingk Boley GmbH, BASF SE, DSM-AGI, and Covestro AG which have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and MEA. COVID-19 has impacted their businesses thus affecting the UV photoinitiators market as well.
These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees during the COVID-19 pandemic. Manufacturers are expected to fine-tune production to avoid bottlenecks and plan production according to demand from other manufacturers.
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Detailed overview of the parent market
Changing UV photoinitiators market dynamics in the industry
In-depth UV photoinitiators market segmentation
Historical, present, and projected UV photoinitiators market size in terms of volume and value
Recent UV photoinitiators market trends and developments
Strategies of key players and products offered
Segments, sub-segments, and geographical regions exhibiting promising growth
A neutral perspective on UV photoinitiators market performance
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented global UV Photoinitiators Market on the basis of Type, Material, End Users, Application and region:
By Type (Revenue, USD Million; 2017-2027)
- Free-radical Type Photoinitiator
- Cationic Type Photoinitiator
By Application (Revenue, USD Million; 2017-2027)
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North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of EU)
Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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