Photoinitiators Market to Reach USD 2.07 Billion by 2031, Driven by 3D Printing, LED Curing, and Smart Packaging
[Hyderabad, June 14th, 2025] — According to Clearview Market Insights, the global photoinitiators market is projected to grow from USD 1,095 million in 2024 to USD 2,070 million by 2031, registering a CAGR of 9.6%. As the adoption of energy-efficient UV/LED-curable systems increases, photoinitiators are facilitating innovation across packaging, coatings, electronics, and healthcare.
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Photoinitiators initiate polymerization upon
light exposure, enabling instant curing in inks, adhesives, and resins. This
facilitates solvent-free processing, low VOC emissions, and faster production
speeds. Key growth drivers include 3D printing for dental and orthopedic
applications, LED-enabled industrial printing, and sustainable food-grade
packaging.
Photoinitiators are the ignition spark behind UV-curable
technologies—and their impact is scaling rapidly," said a CVMI analyst.
"New advances focus on safety, speed, and compatibility with low-energy
systems.
IGM Resins, BASF, Lambson, and Tianjin Rianlon are leading formulation
innovation. LED-optimized, bio-based, and low-migration photoinitiators are
receiving regulatory approvals and broadening application footprints.
The Asia-Pacific region leads in production
and consumption, particularly driven by China, India, and South Korea.
Meanwhile, Europe and North America are investing in eco-compliant systems for
healthcare, consumer goods, and flexible packaging.
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strategic recommendations for businesses worldwide.
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
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