The Global Photoinitiators Market was valued at USD 827.20 million in 2023 and is projected to reach USD 1,177.36 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period (2024-2032). This growth is being driven by increasing demand for UV-curable coatings, inks, and adhesives across packaging, automotive, and 3D printing industries.
As industries shift toward environmentally friendly and energy-efficient curing solutions, the market is witnessing significant innovations in LED-compatible and low-migration photoinitiators. In this blog, we profile the Top 10 Companies in the Photoinitiators Industry—chemical specialists and material scientists shaping the future of light-activated polymerization.
🔟 1. IGM Resins
Headquarters: Waalwijk, Netherlands
Key Offering: Omnirad, Omnipol, and Omnirad LED photoinitiators
IGM Resins is a global leader in UV/EB curing technologies, specializing in high-performance photoinitiators for coatings, inks, and adhesives. Their Omnirad series offers advanced solutions for low-migration applications in food packaging.
Innovation Highlights:
- Pioneer in LED-curable photoinitiator formulations
- 40+ patents in UV curing technologies
- Focus on renewable raw materials for sustainable products
Download FREE Sample Report: Global Photoinitiators Market – View in Detailed Research Report
9️⃣ 2. Arkema Group
Headquarters: Colombes, France
Key Offering: Sartomer photoinitiators and oligomers
Arkema’s Sartomer division provides comprehensive UV/EB curing solutions, including specialty photoinitiators for electronics, 3D printing, and automotive applications.
Innovation Highlights:
- Developing halogen-free photoinitiators
- Custom formulations for industrial 3D printing
- Global R&D network with 7 innovation centers
8️⃣ 3. BASF SE
