A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Photopolymer
Market.
The study, titled “Photopolymer
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2026”,
is available for sale on the firm’s website.
Global
Photopolymer Market: Overview
Photopolymer
are the class of polymers when exposed to light delivers change in
its properties. Photopolymers changes its properties under
ultraviolet and visible region of electromagnetic spectrum. The
formulation of photopolymers consists of polymers or oligomers or
monomers which undergoes curing by UV light. The polymer bases used
in manufacturing photopolymers such as acrylics, polyamides, epoxies
etc. acts as binders and helps to determine physical properties and
processing characteristics after curing. Photo-initiators such as
benzophenone, trimethylbenzoyldiphenyl phosphine, diaryliodonium
salts etc. are important additives for initiating the
photo-polymerization reactions. These initiators are classified as
free radical type and cationic type of photo-initiators. Printing
market currently holds significantly high market share in the global
photopolymers markets. For instance, printing technologies such as
offset, flexography, gravure etc. uses photopolymers in its printing
plates. Other important application includes, heath care, photoresist
and coatings and adhesives. The global photopolymers market is
expected to exhibit at double CAGR growth rate during the forecast
period.
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Global
Photopolymer Market: Drivers and Restraints
Photopolymers
offer some of the exceptional advantages in printing such as fine
image production, high durability and offers better ink transfer. The
growth in printing and packaging industries primarily drives the
global photopolymers market. Particularly in printing applications,
flexographic, offset printing type boosts the global photopolymers
market since these printers accounts high consumption of
photopolymers. Also, increasing demand for pre-print liners, flexible
packing drives the global photopolymers market. Further, holographic
films also drives the global photopolymer market since the hologram
industry has started using photopolymers because of advanced
properties required for automobile industry.
However,
the photopolymers are available at quite high price which possess
challenge for increasing adoption in the market.
Global
Photopolymer Market: Segmentation
On
the basis of raw material, photopolymer market is segmented into:-
Polymers
Acrylics
Polyisoprene
Polyamides
Polyimides
Polyinyl
alcohol
Epoxies
Others
Oligomers
Monomers
Photo
initiators/ photosensitizer
Other
Additives
On
the basis of photopolymer type, photopolymer market is segmented
into:-
Liquid
Photopolymers
Sheet
Photopolymers
On
the basis of application type, photopolymer market is segmented
into:-
Printing
Embossing
Photoresist
Health
Care
Rubber
Stamps
Coatings
and Adhesives
Others
Global
Photopolymer Market: Region wise Outlook
The
global photopolymer market is divided into seven regions, namely
North America, Latin America, Asia Pacific excluding Japan (APEJ),
Western Europe, Eastern Europe, Japan and Middle East and Africa
(MEA). North America and Europe holds major share in the global
photopolymers market in terms of production due to established
players such as BASF Corporation, Covestro AG etc. Followed by North
America and Europe is APEJ, which is expected to grow relatively at a
higher CAGR during the forecast period.
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The
growth in APEJ is attributed by progress of flexible packaging
industries. Japan is expected to expand at moderate CAGR whereas
Latin America and MEA are expected to show sluggish growth rate
during the forecast period. The tough economic and political
conditions is expected to restrain the photopolymers market in these
two regions.
Global
Photopolymer Market: Key Players
Some
of the key players identified in the global photopolymer market
includes:
BASF
Corporation
Asahi
Kasei Corporation
Covestro
AG
Lumen
Dynamics Group Inc.
Photocentric
Ltd., U.K.
Toray
Industries, Inc.
Heraeus
Noblelight Fusion UV Inc.
Nordson
Corporation
Thermoflan
SA
Henkel
Corporation
Chemence
Ltd, U.K
SK
Corporation
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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