Photoinitiator accounted for 10-15% of PCB ink cost

Photoinitiator is the key material in the photocuring system. Although the amount of photoinitiator is not large, it plays an important role in the photocuring system.

The appearance of photoinitiator and photocuring technology itself is the product of the improvement of environmental awareness in various countries. One of the main advantages of photocuring technology is that it basically contains no volatile solvents, all active diluents are high boiling point organic matter, and when curing, all participate in crosslinking polymerization as part of crosslinking structure, which does not cause air pollution.

In recent years, more and more attention has been paid to industrial pollution control at home and abroad. At present, the environmental protection requirements of various countries are increasingly strict. Manufacturing enterprises are looking for new materials with low pollution and sustainable development, and the demand for new materials solidified with photoinitiator is increasing.

The global photoinitiator market is growing rapidly. RadTech China Association statistics show that the global consumption of light curing formula products in 2015 was 533,000 tons; According to Lucintel, the global photoinitiator market reached us $797 million in 2017, with a compound growth rate of 7.2% from 2012 to 2017. UV coatings and ink prospects are good, the market is expanding, the photoinitiator industry will be constantly promoted; It is estimated that the global photoinitiator market will reach us $1.2944 billion in 2023, with a compound growth rate of 8.5% from 2018 to 2023.

PCB ink is specially applied to PCB ink. Typically, PCB ink accounts for 3% of the cost of a PCB, while photoinitiator accounts for 10-15% of the cost of PCB ink. Therefore, the market capacity change of PCB industry is positively correlated with that of photoinitiator industry.

China's 13th Five-Year Plan points out that it is necessary to speed up the construction of high-speed, mobile and secure new generation of information infrastructure. In the future, with the comprehensive deepening of China's informatization construction, the increase of residents' income, the expansion of domestic demand and the upgrading of consumption structure, the development of computer, communication equipment, IC packaging, consumer electronics and other industries will gain new impetus. The development and upgrading of new products will usher in a broader market space for PCB industry. Driven by this, PCB ink industry and photoinitiator industry will also present a continuous growth trend. Based on the development of PCB industry, PCB ink demand growth rate is expected to maintain at about 10%.