Product Code: ETC4474826 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Thailand Photoinitiator Market focuses on the chemicals used to initiate and accelerate the curing or drying of inks, coatings, adhesives, and other materials through exposure to ultraviolet (UV) or visible light. Photoinitiators enable rapid and energy-efficient processing, which is essential in various manufacturing processes. This market contributes to improved efficiency and reduced environmental impact by enabling the use of UV-curable materials in place of traditional solvent-based options.
The Photoinitiator market in Thailand is experiencing notable growth, propelled by the increasing adoption of UV-curable technologies in industries such as printing, coatings, and adhesives. Photoinitiators initiate the curing process when exposed to UV light, leading to faster and more efficient production processes. As Thailand manufacturing sector embraces environmentally friendly and energy-efficient solutions, the photoinitiator market is expanding, supported by advancements in UV-curable formulations and the demand for high-performance curing systems.
The Thailand Photoinitiator market faces challenges that influence its growth and competitiveness. Regulatory compliance is a significant consideration, with standards governing the use of photoinitiators in various applications. Adapting to evolving environmental and safety regulations requires continuous investments in research and development. The market is also influenced by global trends, including the demand for photoinitiators in the rapidly growing UV-curable coatings and inks segment. Fluctuations in raw material prices, particularly those related to photoinitiator precursors, pose challenges for market participants in managing production costs.s
The Thailand Photoinitiator market played a pivotal role during the COVID-19 pandemic as the coatings, adhesives, and printing industries continued to adopt photopolymerization technologies. The demand for photoinitiators, including benzoin and benzoin methyl ether, remained essential. Challenges related to disruptions in manufacturing processes influenced market dynamics. However, companies in this sector adapted by providing efficient photoinitiator solutions and collaborating with product developers. The market demonstrated resilience by contributing to the rapid curing and improved performance of UV-curable formulations.
Key players in the Thailand Photoinitiator market, including Lambson Speciality Chemicals (Thailand) Co., Ltd., IGM Resins (Thailand) Co., Ltd., and BASF (Thai) Limited, have been vital in providing photoinitiator solutions for various UV-curing applications. Lambson Speciality Chemicals in Thailand has played a crucial role in offering a diverse range of photoinitiators for UV formulations. IGM Resins, recognized for its expertise in radiation-curable materials, has significantly impacted the photoinitiator market in Thailand. BASF in Thailand has been a key player, contributing to the market with innovative photoinitiator products for coatings, inks, and adhesives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Photoinitiator Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Photoinitiator Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Photoinitiator Market - Industry Life Cycle |
3.4 Thailand Photoinitiator Market - Porter's Five Forces |
3.5 Thailand Photoinitiator Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Photoinitiator Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Thailand Photoinitiator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Photoinitiator Market Trends |
6 Thailand Photoinitiator Market, By Types |
6.1 Thailand Photoinitiator Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Photoinitiator Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Photoinitiator Market Revenues & Volume, By Free Radical, 2021-2031F |
6.1.4 Thailand Photoinitiator Market Revenues & Volume, By Cationic, 2021-2031F |
6.2 Thailand Photoinitiator Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Thailand Photoinitiator Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Thailand Photoinitiator Market Revenues & Volume, By Ink, 2021-2031F |
6.2.4 Thailand Photoinitiator Market Revenues & Volume, By Coating, 2021-2031F |
6.2.5 Thailand Photoinitiator Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Photoinitiator Market Import-Export Trade Statistics |
7.1 Thailand Photoinitiator Market Export to Major Countries |
7.2 Thailand Photoinitiator Market Imports from Major Countries |
8 Thailand Photoinitiator Market Key Performance Indicators |
9 Thailand Photoinitiator Market - Opportunity Assessment |
9.1 Thailand Photoinitiator Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Photoinitiator Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Thailand Photoinitiator Market - Competitive Landscape |
10.1 Thailand Photoinitiator Market Revenue Share, By Companies, 2024 |
10.2 Thailand Photoinitiator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |