Photopolymer Market - Global Industry Analysis 2026 | Research Report
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.
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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.
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
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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. 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.
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