The Global Photocured Materials Market was valued at USD 2.65 Billion in 2023 and is projected to reach USD 4.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024–2030). This growth is being driven by surging demand in UV-curable coatings and inks, rapid expansion of 3D printing applications, and the shift toward eco-friendly, low-VOC curing technologies across industries like electronics, automotive, and packaging.

As the coatings and adhesives sectors embrace faster, greener curing processes, the focus turns to specialized chemical innovators powering precision polymerization under UV light. In this blog, we profile the Top 10 Companies in the Global Photocured Materials Industry—a blend of multinational chemical giants, specialty photoinitiator developers, and regional powerhouses shaping the future of light-curable formulations.

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🔟 1. IGM Resins

Headquarters: Waalwijk, Netherlands
Key Offering: Free-radical and cationic photoinitiators, oligomers, UV monomers

IGM Resins stands as a global frontrunner in UV-curable systems, supplying comprehensive photocuring solutions to printers, coaters, and electronics manufacturers worldwide. Their portfolio excels in high-performance resins that enable rapid curing for wood coatings, flexible packaging, and optical films, with a strong emphasis on formulation customization.

Innovation Initiatives:

• Development of low-migration photoinitiators for food packaging
• Expansion of LED-compatible curing systems
• Commitment to sustainable, bio-based raw materials

Download FREE Sample Report:
Global Photocured Materials Market – View in Detailed Research Report

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9️⃣ 2. Tianjin Jiuri New Materials

Headquarters: Tianjin, China
Key Offering: Free-radical photoinitiators, multifunctional monomers

Tianjin Jiuri has emerged as Asia’s leading photoinitiator producer, serving booming markets in inks and coatings with cost-effective, high-efficiency products. The company supports massive production scales in China’s printing and electronics sectors, while advancing R&D for next-generation curing agents.

Innovation Initiatives:

• Large-scale production of TPO and ITX alternatives
• Collaborations for waterborne UV systems
• Investments in low-odor formulations for indoor applications

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Irgacure photoinitiators, Laromer resins

BASF dominates with its Irgacure line, integral to UV-curable adhesives and coatings for automotive and electronics. Their integrated approach combines photoinitiators with oligomers, enabling superior scratch resistance and weatherability in demanding end-uses.

Innovation Initiatives:

• New Irgacure generations for deeper cure penetration
• Bio-derived photoinitiator development
• Partnerships for 3D printing resins

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7️⃣ 4. Lambson Limited

Headquarters: Wantage, United Kingdom
Key Offering: Speedcure photoinitiators, polymeric PIs

Lambson specializes in high-performance photoinitiators tailored for inks and overprint varnishes, with a focus on Europe and North America. Their polymeric offerings minimize migration risks, making them ideal for direct food contact applications in flexible packaging.

Innovation Initiatives:

• Polymeric PIs reducing extractables
• Through-cure systems for thick films
• Sustainable manufacturing processes

Download FREE Sample Report:
Global Photocured Materials Market – View in Detailed Research Report

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6️⃣ 5. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Ebecryl resins, photoinitiators

Arkema’s Ebecryl range powers UV coatings for metal, plastic, and wood substrates, supporting high-speed production lines globally. The company leverages its chemical expertise to deliver multifunctional acrylates that enhance flexibility and adhesion.

Innovation Initiatives:

• Bio-based acrylates and oligomers
• UV-LED hybrid curing technologies
• Expansion in electronics overcoats

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5️⃣ 6. DBC S.A.

Headquarters: Brussels, Belgium
Key Offering: Omnipol polymeric photoinitiators

DBC excels in niche polymeric photoinitiators that address regulatory challenges in food packaging and medical devices. Their products ensure low volatility and high reactivity, positioning them strongly in Europe’s stringent markets.

Innovation Initiatives:

• Omnipol series for migration-sensitive apps
• Cationic initiator advancements
• Regulatory compliance R&D

Download FREE Sample Report:
Global Photocured Materials Market – View in Detailed Research Report

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4️⃣ 7. NewSun

Headquarters: Nanjing, China
Key Offering: Free-radical PIs, benzophenone derivatives

NewSun supplies essential photoinitiators for China’s vast coatings and ink industries, with growing exports to Southeast Asia. Their cost-competitive products support energy-curable wood floorings and plastic coatings.

Innovation Initiatives:

• High-efficiency benzophenone substitutes
• Hybrid UV/EB systems
• Capacity expansions for export markets

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3️⃣ 8. Zhejiang Yangfan New Materials

Headquarters: Hangzhou, China
Key Offering: Photoinitiators for inks and adhesives

Zhejiang Yangfan focuses on specialized PIs for flexo and offset inks, capitalizing on Asia’s packaging boom. Their formulations deliver excellent shelf stability and cure speed for high-volume printing.

Innovation Initiatives:

• Low-yellowing PIs for white inks
• Adhesive-specific cationic types
• Green chemistry integrations

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2️⃣ 9. Tronly New Materials

Headquarters: Hangzhou, China
Key Offering: TPO-L, 184 photoinitiators

Tronly rounds out the top producers with reliable, high-purity PIs used in electronics and automotive coatings. Their scale enables competitive pricing while maintaining quality for demanding UV processes.

Innovation Initiatives:

• Ultra-pure grades for optics
• LED-optimized liquid PIs
• Sustainability-focused production

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1️⃣ 10. Eutec Chemical

Headquarters: Shanghai, China
Key Offering: Comprehensive photoinitiator portfolio

Eutec leads as a versatile supplier bridging traditional and advanced photocuring needs, serving global clients in paints, inks, and beyond. Their broad range and technical support drive adoption in emerging applications like 3D printing.

Innovation Initiatives:

• Custom PI blends for niche uses
• Bio-compatible formulations
• Global supply chain optimizations

Read Full Report:
Global Photocured Materials Market – View in Detailed Research Report

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🌍 Outlook: The Future of Photocured Materials Is Greener and Faster

The photocured materials market is experiencing transformative growth. Traditional free-radical systems remain dominant, but investments pour into LED-compatible, low-VOC alternatives, cationic innovations, and bio-based components to meet environmental regulations and performance demands.

📈 Key Trends Shaping the Market:

• LED UV curing adoption surging in Europe and North America
• Regulatory mandates for low-migration PIs in packaging by 2030
• 3D printing and electronics driving demand for hybrid systems
• Strategic alliances between resin makers and ink formulators

Read Full Report:
Global Photocured Materials Market – View in Detailed Research Report

The companies listed above are not only powering UV curing worldwide—they’re pioneering the sustainable evolution of advanced materials.