Photoinitiator is widely used and has broad prospects

Due to the outbreak of COVID-19, IGM production has been suspended, and the contraction of photoinitiator supply side has brought expansion opportunities and corresponding profit margins to China's photoinitiator market. In addition, after more than 20 years of steady development, China's photoinitiator manufacturing industry has now entered the development stage of industrialization, scale and collectivization. Enterprises with backward technology, small scale and weak strength have been gradually eliminated from the market, and the trend of industry concentration is becoming more and more obvious.

Shanghai Massive Chemical Technology Co., Ltd. is engaged in development, production and marketing Specialty Chemicals to satisfy the changing needs of the chemical industry. We specialize in manufacturing high quality of Advanced Intermediates, Special Fine chemicals, synthesis of novel and known molecular compounds, have substantial experience in process development, scale up and commercialization. Nowadays, more areas are developed by shareholding and contract manufacturing, to find the application in wide range viz. pharmaceuticals, crop protection, animal & human nutrition, flavor & fragrances, personal care, paints & coatings, also doing custom research and manufacturing for pharmaceutical and agrochemical customers on exclusive basis.

Light curing technology is a high efficiency, environmental protection, energy saving and excellent material surface treatment technology and processing technology. The photoinitiator is a kind of radiation absorption energy, after the excitation of chemical changes, the production of active intermediates with the ability to initiate polymerization (free radicals, cations or anions), plays an important role in the photocuring system. Its usage in the light curing products accounted for 1-5%, but the cost of light curing products accounted for 10-15% of the overall cost.

Light curing products are mainly used in coatings and inks, and China is the world's largest producer and consumer of coatings and inks, so there is a broad market growth space.

However, the traditional paint, ink in the manufacturing process will cause a large number of solvent volatilization, and VOCs emissions are high. With the increasingly strict national environmental supervision system, domestic manufacturers are looking for new materials with low pollution and sustainable development. And the photoinitiator in the light curing products do not need any volatile solvents can be quickly cured, will not cause air pollution, the harm to the human body is relatively reduced. Therefore, the photoinitiator market demand in China has been expanding and its market has also been further developed.