The Global Photocuring Agents Market was valued at US$ 513.1 million in 2023 and is projected to reach US$ 686.2 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period (2023–2030). This growth is being driven by increasing environmental concerns, stricter regulations on volatile organic compound (VOC) emissions, and the accelerating adoption of UV-curable technologies across industries like coatings, inks, adhesives, and electronics.

The USA market for Global Photocuring Agents market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Photocuring Agents market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Photocuring Agents market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

As the chemical and manufacturing industries transform toward eco-friendly and efficient processes, the spotlight is on the key suppliers who are driving innovation, reducing emissions, and enabling faster curing solutions. In this blog, we profile the Top 10 Companies in the Photocuring Agents Industry—a mix of multinational chemical leaders and specialized innovators shaping the future of sustainable photocuring technologies.

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🔟 1. IGM Resins

Headquarters: Waalwijk, Netherlands
Key Offering: Free Radical Photoinitiators, Cationic Photoinitiators, and Specialty UV Curing Agents

IGM Resins stands as a global leader in the development and production of photoinitiators for UV and electron beam curing systems. With a strong presence in Europe and North America, the company supplies high-performance photocuring agents to the coatings, inks, and adhesives sectors, helping manufacturers achieve faster production times and lower environmental impact. Their product portfolio includes advanced formulations that enhance curing efficiency under various light sources, making them indispensable for high-volume industrial applications.

Furthermore, IGM Resins focuses on continuous research to align with global sustainability goals. Their innovations address the need for low-migration photoinitiators in food packaging inks, ensuring compliance with stringent safety standards while minimizing VOC emissions.

Sustainability Initiatives:

• Development of bio-based photoinitiators to reduce reliance on petroleum-derived materials

• Partnerships with ink and coating producers to optimize UV curing processes for energy savings

• Commitment to REACH compliance and zero-waste manufacturing practices

Download FREE Sample Report: Photocuring Agents Market – View in Detailed Research Report

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9️⃣ 2. Tianjin Jiuri New Materials

Headquarters: Tianjin, China
Key Offering: Free Radical Type Photoinitiators, Oligomers, and UV Absorbers

Tianjin Jiuri New Materials has emerged as a dominant force in Asia’s photocuring agents market, particularly serving the booming electronics and printing industries. The company produces a wide range of photoinitiators that enable rapid curing in LED and traditional UV systems, supporting applications from flexible packaging to 3D printing resins. Because of their cost-effective solutions and scalable production, they have gained traction among global manufacturers seeking reliable supply chains in emerging markets.

However, the company is also investing in R&D to improve the photostability of their agents, which helps extend the shelf life of cured products and reduces waste in production lines.

Sustainability Initiatives:

• Expansion of low-odor photoinitiators for indoor air quality improvement

• Collaborations with Chinese regulators to meet national VOC reduction targets

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8️⃣ 3. Tronly

Headquarters: Hangzhou, China
Key Offering: Cationic Photoinitiators, Free Radical Initiators for Inks and Coatings

Tronly specializes in high-quality photocuring agents tailored for the ink and overprint varnish markets. Operating primarily in Asia-Pacific, they supply products that facilitate deep curing and high gloss finishes, which are crucial for the packaging and publishing sectors. Their emphasis on customization allows clients to adapt formulations for specific substrates, enhancing adhesion and durability in end-use applications.

In addition, Tronly’s growth is fueled by the rising demand for water-based UV systems, where their agents play a key role in achieving optimal curing without compromising performance.

Sustainability Initiatives:

• Innovation in halogen-free photoinitiators to eliminate hazardous substances

• Support for circular economy practices through recyclable curing formulations

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7️⃣ 4. Hubei Gurun

Headquarters: Wuhan, China
Key Offering: Specialty Free Radical Photoinitiators, Synergists for Adhesives

Hubei Gurun is a key player in the Chinese photocuring landscape, focusing on advanced photoinitiators for adhesives and electronic materials. Their products are widely used in the assembly of displays and optical films, where precise control over curing speed is essential. Because the company integrates upstream raw material production, they ensure consistent quality and competitive pricing for international buyers.

Moreover, Hubei Gurun is expanding its footprint in Europe by certifying products under EU environmental standards, bridging the gap between Asian manufacturing efficiency and Western regulatory demands.

Sustainability Initiatives:

• Research into renewable feedstock-based agents to lower carbon footprints

• Implementation of green chemistry principles in product development

Download FREE Sample Report: Photocuring Agents Market – View in Detailed Research Report

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6️⃣ 5. Arkema

Headquarters: Colombes, France
Key Offering: Cationic and Free Radical Photoinitiators, UV Curable Resins

Arkema, a multinational chemical giant, offers a comprehensive range of photocuring agents through its Sartomer business unit, serving global markets in coatings and composites. Their expertise lies in developing hybrid systems that combine UV curing with other technologies for enhanced performance in automotive and construction applications. This integration allows for thicker coatings and improved mechanical properties, addressing real-world challenges in durability.

Furthermore, Arkema’s European base positions it well to influence policy on sustainable chemicals, pushing for innovations that align with the EU’s Green Deal objectives.

Sustainability Initiatives:

• Launch of bio-sourced photoinitiators derived from plant oils

• Targets for 100% renewable or recycled content in curing products by 2030

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5️⃣ 6. DBC

Headquarters: Shanghai, China
Key Offering: High-Efficiency Free Radical Photoinitiators for Inks

DBC Corporation provides specialized photocuring solutions optimized for flexographic and offset printing inks. With a focus on Asia, their agents enable high-speed curing under low-intensity lamps, reducing energy consumption in printing presses. This efficiency is particularly valuable as printers transition to digital workflows, where quick turnaround times are critical.

However, DBC is also exploring cationic systems for applications requiring shadow curing, such as in multi-layer inks, to expand their market reach.

Sustainability Initiatives:

• Development of low-yellowing agents for eco-friendly packaging

• Partnerships to reduce solvent use in hybrid UV-water systems

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4️⃣ 7. Zhejiang Yangfan New Materials

Headquarters: Jiaxing, China
Key Offering: Photoinitiators for Coatings and Adhesives, Custom Blends

Zhejiang Yangfan New Materials excels in producing cost-effective photoinitiators for wood coatings and metal finishes. Their portfolio supports both indoor and outdoor applications, with formulations that resist weathering and maintain clarity over time. The company’s vertical integration from synthesis to application testing ensures reliability for manufacturers in furniture and automotive sectors.

In addition, they are scaling up production to meet the growing demand in Southeast Asia, where urbanization drives construction and decoration needs.

Sustainability Initiatives:

• Investment in LED-compatible agents to lower electricity usage

• Collaborative R&D for VOC-free curing in consumer goods

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3️⃣ 8. Jinkangtai Chemical

Headquarters: Suzhou, China
Key Offering: Cationic Photoinitiators, Stabilizers for Electronics

Jinkangtai Chemical is renowned for its cationic photoinitiators used in semiconductor and PCB manufacturing. These agents provide latent reactivity, allowing for precise control in microelectronics assembly. As the electronics industry miniaturizes components, Jinkangtai’s solutions become even more vital for ensuring defect-free curing in sensitive environments.

Moreover, the company is adapting its technologies for flexible electronics, supporting the rise of wearable devices and foldable screens.

Sustainability Initiatives:

• Focus on non-toxic alternatives to traditional iodonium salts

• Efforts to recycle curing byproducts in industrial processes

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2️⃣ 9. NewSun

Headquarters: Hangzhou, China
Key Offering: Free Radical and Hybrid Photoinitiators for 3D Printing

NewSun specializes in photocuring agents for additive manufacturing and rapid prototyping. Their products enable high-resolution prints with minimal distortion, catering to the medical and aerospace sectors where precision is paramount. By optimizing light absorption, NewSun’s agents facilitate deeper penetration in thick resins, broadening possibilities in industrial 3D printing.

Furthermore, as 3D printing scales commercially, NewSun is enhancing biocompatibility for biomedical applications like dental models and implants.

Sustainability Initiatives:

• Bio-degradable photoinitiators for sustainable prototyping

• Reduction of energy-intensive post-curing steps

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1️⃣ 10. Eutec

Headquarters: Tokyo, Japan
Key Offering: Advanced Cationic Photoinitiators, UV Stabilizers for Optics

Eutec leads in Japan with innovative photocuring agents for optical films and displays. Their high-purity initiators ensure transparency and anti-reflective properties in screens and lenses, supporting the consumer electronics boom. Eutec’s emphasis on thermal stability makes their products ideal for high-temperature processing in automotive lighting and solar panels.

In a market driven by technological advancement, Eutec collaborates with device manufacturers to co-develop next-gen formulations that meet evolving performance standards.

Sustainability Initiatives:

• Development of solvent-free systems for electronics assembly

• Strategic alliances for recycling e-waste containing cured materials

Read Full Report: Photocuring Agents Market – View in Detailed Research Report

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🌍 Outlook: The Future of Photocuring Agents Is Greener and More Efficient

The photocuring agents market is undergoing a dynamic shift. While free radical types still hold the largest share due to their versatility, the industry is investing heavily in cationic and hybrid innovations, advanced LED-compatible formulations, and bio-based alternatives to meet global sustainability mandates.

This evolution is not just about compliance; it’s about unlocking new efficiencies. For instance, as manufacturers face pressure to cut VOC emissions, photocuring offers a pathway to solvent-free production, saving energy and reducing waste. However, challenges like higher upfront costs for LED equipment persist, though dropping prices are making adoption more feasible. Furthermore, regional dynamics play a role—Asia-Pacific leads in volume due to manufacturing hubs, while Europe drives premium, eco-focused innovations.

Looking ahead, the integration of photocuring in emerging fields like 3D printing and flexible electronics will further propel growth. Governments worldwide are incentivizing low-emission technologies through subsidies and standards, encouraging companies to accelerate R&D. Because of these factors, stakeholders can expect a market that not only grows steadily but also becomes integral to circular economy practices.

Market segmentation reveals opportunities across types and applications. Free radical agents dominate coatings and inks, accounting for over 60% of usage, thanks to their speed and cost-effectiveness. Cationic types, though smaller in share, excel in adhesives where through-curing is needed, projected to grow faster due to electronics demand. Regionally, Asia-Pacific commands around 45% of the market, fueled by China’s industrial expansion, while North America and Europe focus on high-value, regulated sectors.

📈 Key Trends Shaping the Market:

• Rapid adoption of LED UV curing systems, reducing energy use by up to 70% compared to traditional mercury lamps

• Regulatory mandates for VOC reduction, with EU RePro and US EPA standards pushing solvent-free alternatives

• Advancements in multi-initiator blends for broader wavelength compatibility and faster line speeds

• Growing alliances between chemical firms and end-users for customized, sustainable formulations

Read Full Report: Photocuring Agents Market – View in Detailed Research Report

The companies listed above are not only powering efficient curing processes—they’re spearheading the green transformation in manufacturing, paving the way for a more sustainable industrial future.