Photoinitiator Market Overview
The global photoinitiator market was valued at USD 146.09 million in 2024 and is anticipated to reach USD 253.6 million by 2030, expanding at a CAGR of 10.2% from 2025 to 2030. Photoinitiators play a critical role in UV-curable systems, where they trigger polymerization when exposed to ultraviolet light. Their extensive use across inks, coatings, and adhesives continues to support steady market expansion.