Report Code : CVMI2501260 | Published Date : March 3, 2025

1 | Market Overview

Photoinitiators are chemical compounds that absorb UV or visible light and initiate polymerization in radiation-curable systems. These critical additives are used in inks, adhesives, coatings, and 3D printing resins, enabling instant curing and environmentally friendly processing. As industries seek energy-efficient, low-VOC technologies, photoinitiators are becoming integral to advanced materials, packaging, electronics, and healthcare sectors.

The market segments into free-radical and cationic photoinitiators, with further classifications into Type I (unimolecular cleavage) and Type II (bimolecular hydrogen abstraction). Hybrid systems that combine dual-cure mechanisms are also gaining traction.

 

2 | Market Size and Forecast

Year

Market Value (USD Million)

Notes

2019

820

Driven by offset printing and UV coatings

2024

1,095

CAGR 6.0% (2019–2024)

2031

2,070

Projected CAGR 9.6% (2024–2031)

 

3 | Primary Market Drivers

  • Rising demand for UV-curable coatings and adhesives
  • Expansion of inkjet and flexographic printing technologies
  • Growth of 3D printing in healthcare and prototyping
  • Regulatory push for low-VOC and energy-saving curing systems
  • Increase in smart packaging, electronics, and wearable devices

 

4 | Market Challenges

  • Raw material pricing volatility (e.g., benzophenone derivatives)
  • Light penetration limitations in thick substrates
  • Health and safety concerns over certain aromatic photoinitiators
  • Regulatory pressure on migration in food and pharma packaging

 

5 | Competitive Landscape

Company

Est. 2024 Share

Competitive Strengths

Recent Move

IGM Resins

23%

Global leader in UV photoinitiator solutions

Released new low-odor and LED-optimized photoinitiators

Lambson (Arxada)

16%

Specialty free-radical and water-based systems

Expanded into bio-based and hybrid Type I/II initiators

BASF SE

14%

R&D in ink and high-speed curing systems

Developed multifunctional photoinitiator for low-energy LED

Tianjin Rianlon

12%

Low-cost APAC supplier with global reach

Increased capacity for acyl phosphine oxide-based PI

Others

35%

Regional players and niche chemistry firms

Serving packaging, flexo printing, and electronics

 

6 | Market Segmentation

By Type

  • Type I (Acylphosphine Oxides, Benzoin Ethers)
  • Type II (Benzophenones, Amines)
  • Cationic Photoinitiators
  • Dual-Cure and LED-Optimized Systems

 

By Application

  • Printing Inks – 30%
  • Coatings (Wood, Plastic, Metal) – XX%
  • 3D Printing Resins – XX%
  • Adhesives & Sealants – XX%
  • Electronics & Optics – XX%
  • Others – XX%

 

7 | Regional Analysis

  • Asia-Pacific (47%) – Fastest growth due to printing, electronics, and flexible packaging
  • Europe (XX%) – Focus on sustainable, food-compliant photoinitiators
  • North America (XX%) – 3D printing and automotive coating applications
  • Latin America (XX%) – Inkjet packaging and UV-cured labels
  • Middle East & Africa (XX%) – Demand in smart labeling and cosmetics packaging

 

8 | Technology and Innovation

  • LED-activated PI systems for low-energy curing
  • Migratory-resistant PI for food-grade applications
  • Bio-based and water-compatible photoinitiators
  • Multifunctional initiators for rapid cure and color stability
  • Deep-cure initiators for thick and complex geometries

 

9 | Regulatory Environment

Compliant with REACH, TSCA, EU Framework Regulation (EC 1935/2004), and the Swiss Ordinance on food packaging chemicals, photoinitiators in food contact must adhere to migration limits (e.g., ≤10 ppb) and be included in positive lists.

 

10 | Recent Developments (Q4 2023 – Q2 2025)

  • Q4 2023 – IGM launched LED-boosted Type I/II hybrid for flexible packaging inks
  • Q1 2024 – BASF introduced low-migration PI for blister packs and pharma labels
  • Q4 2024 – Lambson debuted photo-initiators for waterborne UV coatings
  • Q2 2025 – Tianjin Rianlon expanded plant to support 3D printing resin growth

 

11 | Strategic Outlook

Success in the photoinitiator market depends on LED curing compatibility, safety in food and pharma, and versatility of resins. Opportunities exist in digital printing, tailored 3D printing formulations, and PI systems aligned with energy-saving mandates.

 

12 | Methodology

Market estimates are derived from photopolymer resin sales, UV equipment installation data, and interviews with over 100 printers, coating formulators, and chemical buyers. Forecasts are adjusted for regulatory, packaging, and 3D printing trends.





Reasons To Buy

Image



Scope

Image

Key Players

  •  IGM Resins
  • Tianjin Jiuri New Materials Co. Ltd.
  • BASF SE
  • Lambson Ltd.
  • Arkema S.A.  
  • DBC (Double Bond Chemical Ind.)  
  • NewSun (New Sun Poly Tec Co. Ltd.)  
  • Eutec Chemical Co. Ltd.  
  • Zhejiang Yangfan New Materials Co.Ltd.  
  • Changzhou Tronly New Electronic Materials Co. Ltd.  
  • Hongtai Chemical  
  • Jinkangtai Chemical Co. Ltd.  
  • Polynaisse (Polynaisse Chemicals)  
  •  Hubei Gurun Technology Co., Ltd.  
  • Kurogane Kasei Co. Ltd.

 

Photoinitiators Market Report


  1. 1. Photoinitiators Market Research Report
    1. 1.1 Study Objectives
    2. 1.2 Photoinitiators Market - Overview
    3. 1.3 Reason to Read This Report
    4. 1.4 Methodology and Forecast Analysis
  2. 2. Photoinitiators Market Research Report - Preface
    1. 2.1 Photoinitiators Market Research Report – Detailed Scope and Definitions
      1. 2.1.1 By Type
      2. 2.1.2 By Application
      3. 2.1.3 By Region
  3. 3. Photoinitiators Market Dynamics
    1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
    2. 3.2. Restraints – By Type, By Application, By Country
    3. 3.3. Opportunities – By Type, By Application, By Country
    4. 3.4. Trends – By Type, By Application, By Country
    5. 3.5. PEST Analysis
    6. 3.6. Porters Five Rule Analysis
    7. 3.7. Company’s Share Analysis (CSA) by Region or By Country
    8. 3.8. Photoinitiators Market Research Report – DROTs Impact Analysis
    1. 4. Photoinitiators Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
    2. 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
    4. 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
    5. 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 5. Photoinitiators Market, By Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 5.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
    2. 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 5.2 Type II (Benzophenones, Amines)
    7. 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    11. 5.3 Cationic Photoinitiators
    12. 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    13. 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    14. 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    15. 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    16. 5.4 Dual-Cure and LED-Optimized Systems
    17. 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    18. 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    19. 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    20. 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. Photoinitiators Market, By Application, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 6.1 Printing Inks
    2. 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 6.2 Coatings (Wood, Plastic, Metal)
    7. 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    11. 6.3 3D Printing Resins
    12. 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    13. 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    14. 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    15. 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    16. 6.4 Adhesives & Sealants
    17. 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    18. 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    19. 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    20. 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    21. 6.5 Electronics & Optics
    22. 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    23. 6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    24. 6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    25. 6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    26. 6.6 Others
    27. 6.6.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    28. 6.6.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    29. 6.6.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    30. 6.6.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 7. Photoinitiators Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
    1. 7.1 North America
      1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.2 Europe
      1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.3 Asia-Pacific
      1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.4 Latin America
      1. 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.5 Middle East and Africa
      1. 7.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.6 Photoinitiators Market - Opportunity Analysis Index, By Type, By Application, and Region, 2024 - 2031
  1. 8. North America Photoinitiators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 8.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.1.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
      2. 8.1.2 Type II (Benzophenones, Amines)
      3. 8.1.3 Cationic Photoinitiators
      4. 8.1.4 Dual-Cure and LED-Optimized Systems
      8.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.2.1 Printing Inks
      2. 8.2.2 Coatings (Wood, Plastic, Metal)
      3. 8.2.3 3D Printing Resins
      4. 8.2.4 Adhesives & Sealants
      5. 8.2.5 Electronics & Optics
      6. 8.2.6 Others
      8.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.3.1 United States
      2. 8.3.2 Canada
    2. 8.4 North America Photoinitiators Market – Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2031
    3. 8.5 Regional Trends Analysis
    4. 8.6 North America Photoinitiators Market Research Report - Company Profiles
      1. 8.6.1 Company 1 (United States)
      2. 8.6.2 Company 2 (Canada)
      3. 8.6.3 Company 3 (Canada)
    9. Europe Photoinitiators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 9.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.1.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
      2. 9.1.2 Type II (Benzophenones, Amines)
      3. 9.1.3 Cationic Photoinitiators
      4. 9.1.4 Dual-Cure and LED-Optimized Systems
      9.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.2.1 Printing Inks
      2. 9.2.2 Coatings (Wood, Plastic, Metal)
      3. 9.2.3 3D Printing Resins
      4. 9.2.4 Adhesives & Sealants
      5. 9.2.5 Electronics & Optics
      6. 9.2.6 Others
      9.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.3.1 Germany
      2. 9.3.2 United Kingdom
      3. 9.3.3 France
      4. 9.3.4 Spain
      5. 9.3.5 Italy
      6. 9.3.6 Russia
    2. 9.4 Europe Photoinitiators Market – Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2031
    3. 9.5 Regional Trends Analysis
    4. 9.6 Europe Photoinitiators Market Research Report - Company Profiles
      1. 9.6.1 Company 1 (Germany)
      2. 9.6.2 Company 2 (United Kingdom)
      3. 9.6.3 Company 3 (United Kingdom)
    10. Asia-Pacific Photoinitiators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 10.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.1.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
      2. 10.1.2 Type II (Benzophenones, Amines)
      3. 10.1.3 Cationic Photoinitiators
      4. 10.1.4 Dual-Cure and LED-Optimized Systems
      10.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.2.1 Printing Inks
      2. 10.2.2 Coatings (Wood, Plastic, Metal)
      3. 10.2.3 3D Printing Resins
      4. 10.2.4 Adhesives & Sealants
      5. 10.2.5 Electronics & Optics
      6. 10.2.6 Others
      10.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.3.1 China
      2. 10.3.2 Japan
      3. 10.3.3 India
      4. 10.3.4 South Korea
      5. 10.3.5 Australia & New Zealand
      6. 10.3.6 ASEAN
    2. 10.4 Asia-Pacific Photoinitiators Market – Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2031
    3. 10.5 Regional Trends Analysis
    4. 10.6 Asia-Pacific Photoinitiators Market Research Report - Company Profiles
      1. 10.6.1 Company 1 (China)
      2. 10.6.2 Company 2 (Japan)
      3. 10.6.3 Company 3 (Japan)
    11. Latin America Photoinitiators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 11.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.1.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
      2. 11.1.2 Type II (Benzophenones, Amines)
      3. 11.1.3 Cationic Photoinitiators
      4. 11.1.4 Dual-Cure and LED-Optimized Systems
      11.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.2.1 Printing Inks
      2. 11.2.2 Coatings (Wood, Plastic, Metal)
      3. 11.2.3 3D Printing Resins
      4. 11.2.4 Adhesives & Sealants
      5. 11.2.5 Electronics & Optics
      6. 11.2.6 Others
      11.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.3.1 Brazil
      2. 11.3.2 Mexico
      3. 11.3.3 Argentina
      4. 11.3.4 Peru
      5. 11.3.5 Colombia
      6. 11.3.6 Rest of Latin America
    2. 11.4 Latin America Photoinitiators Market – Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2031
    3. 11.5 Regional Trends Analysis
    4. 11.6 Latin America Photoinitiators Market Research Report - Company Profiles
      1. 11.6.1 Company 1 (Brazil)
      2. 11.6.2 Company 2 (Mexico)
      3. 11.6.3 Company 3 (Mexico)
    12. Middle East and Africa Photoinitiators Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 12.1 By Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.1.1 Type I (Acylphosphine Oxides, Benzoin Ethers)
      2. 12.1.2 Type II (Benzophenones, Amines)
      3. 12.1.3 Cationic Photoinitiators
      4. 12.1.4 Dual-Cure and LED-Optimized Systems
      12.2 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.2.1 Printing Inks
      2. 12.2.2 Coatings (Wood, Plastic, Metal)
      3. 12.2.3 3D Printing Resins
      4. 12.2.4 Adhesives & Sealants
      5. 12.2.5 Electronics & Optics
      6. 12.2.6 Others
      12.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.3.1 Saudi Arabia
      2. 12.3.2 UAE
      3. 12.3.3 South Africa
      4. 12.3.4 Egypt
      5. 12.3.5 Israel
      6. 12.3.6 Rest of Middle East and Africa
    2. 12.4 Middle East and Africa Photoinitiators Market – Opportunity Analysis Index, By Type, By Application, and Country, 2024 - 2031
    3. 12.5 Regional Trends Analysis
    4. 12.6 Middle East and Africa Photoinitiators Market Research Report - Company Profiles
      1. 12.6.1 Company 1 (Saudi Arabia)
      2. 12.6.2 Company 2 (UAE)
      3. 12.6.3 Company 3 (UAE)
    13. Competition Landscape
    1. 13.1 Strategic Dashboard of Top Market Players
    2. 13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
      1. 13.2.1 IGM Resins
      2. 13.2.2 Tianjin Jiuri New Materials Co. Ltd.
      3. 13.2.3 BASF SE
      4. 13.2.4 Lambson Ltd.
      5. 13.2.5 Arkema S.A.
      6. 13.2.6 Double Bond Chemical Ind. Co. Ltd. (DBC)
      7. 13.2.7 NewSun Poly Tec Co. Ltd.
      8. 13.2.8 Eutec Chemical Co. Ltd.
      9. 13.2.9 Zhejiang Yangfan New Materials Co. Ltd.
      10. 13.2.10 Changzhou Tronly New Electronic Materials Co. Ltd.
      11. 13.2.11 Jingjiang Hongtai Chemical Engineering Co. Ltd.
      12. 13.2.12 Jinkangtai Chemical Co. Ltd.
      13. 13.2.13 Polynaisse Chemicals
      14. 13.2.14 Hubei Gurun Technology Co. Ltd.
      15. 13.2.15 Kurogane Kasei Co. Ltd.
  1. 14. Data Collection Method and Research Approach
  2. 15. Principal Presumptions and Acronyms