Future development of China photoinitiator industry continues to improve.

Photoinitiator is mainly used in radiation curing industry, and its unique use determines the future market space completely depends on the demand prospect of photocuring products. More than 40 years of experience in North America shows that there is a long-term driver for the growth of the market for photocurable products, which is the constant penetration of photocurable technology into new areas. The global market value of photocurable products is expected to maintain a compound growth rate of 11.5% over the next five years.

China will be the world's largest and fastest growing market for photocurable products. Firstly, photocurable products are mainly used in coatings/inks, and China is the world's largest producer and consumer of coatings/inks; Secondly, China's light curable coatings in industrial coatings accounted for (0.5%) is far lower than the world average (1.72%-2.0%), the industrial structure is in urgent need of upgrading; Third, the coating industry "twelfth Five-Year" plan clearly put forward environmentally friendly coating as a development goal, the country to encourage the development of light curable coating has become an indisputable fact; Fourthly, the number and technology of China's manufacturing enterprises have made great progress, and some technologies have reached the international advanced level. Photoinitiator, as a key component of photocuring products, will rely on the rapid development of China's photocuring industry and usher in its own demand growth.

In recent years, China's photocuring market develops rapidly, and photoinitiator, as a key component of photocuring products, develops rapidly with the extension of the application field of photocuring materials. In addition, with the increasingly strict national environmental protection regulatory system, photoinitiator is favored by major manufacturers because of its low pollution and sustainable development of material characteristics, and its market demand has been expanding. In general, the prospects for future development of China photoinitiator industry continues to improve.