The Global Photoacid Generator PAGs Market size is projected to reach USD X.XX billion by 2028, growing at a CAGR of 5% from 2016-2028. North America will continue to dominate the global photoacid generator PAGs market due to its high demand in the electronic materials application segment and the presence of major players such as Sartomer Company, BASF SE, and Dow Chemical Company in the region.
PAGs are chemicals that can generate an acid, usually a very strong one. In the presence of water and light (whether from natural or artificial sources), PAGs release protons into their surroundings to break chemical bonds in molecules such as proteins, DNA, and other biological materials. Some of the most common examples of photoacid generators (PAGs) are triaryl sulfonium and diaryliodonium salts. PAGs can be organic or inorganic species, which upon ultraviolet (UV) illumination produce anions that initiate polymerization by splitting off protons from a tertiary amine to generate acid.
On the basis of Type, the global photoacid generator PAGs market is segmented into Photoinitiator, UV Absorbing Agent, and Other.
A photoinitiator type of PAG is a compound that produces free radicals on exposure to light. Free radicals are unstable atoms or molecules with unpaired electrons in the outer orbital, which act as reactive species and participate in further chemical reactions. When they react with PAGs, they start the polymerization process. Some of the most commonly used photoinitiators are benzophenone, camphorquinone, and phenyl benzoate. They are usually added to monomers in very small amounts (less than 0.01%) to initiate the polymerization reaction. Photoinitiators are also classified into two types: thermal and UV-initiated. Thermal initiators react with the monomer in the presence of heat, whereas UV-initiated initiators start the polymerization reaction when they come in contact with light.
The UV Absorbing Agent type of photoacid generator PAGs is a compound that absorbs ultraviolet radiation. This agent helps to protect other substances from the harmful effects of UV light. It is often used in products such as sunscreens, cosmetics, and pharmaceuticals. Some common examples include avobenzone, oxybenzone, and octocrylene. Without this agent, the resist would be degraded and unable to form a pattern during lithography. By using a UV absorbing agent, the photoacid generator PAG can provide greater protection for the resist and improve the overall lithography process.
On the basis of Application, the global photoacid generator PAGs market is segmented into Electronic Materials, Medical, Paints & Coating, Adhesive and Other.
Photoacid generator PAGs are used in Electronic Materials as an initiator for the photo-polymerization of acrylates. It is also used as a crosslinker to improve the mechanical properties and thermal stability of the polymer network. Additionally, it helps to reduce the shrinkage on curing and improves dimensional stability. Photoacid generator PAGs are also used as a photo-initiator for the free radical polymerization of acrylates.
Photoacid generator PAGs are used in the medical industry to polymerize the monomers. These polymers are then used for the fabrication of medical devices and implants. The photoinitiators initiate the photopolymerization process by providing energy to the system which helps in the formation of covalent bonds between molecules. This eventually forms a three-dimensional polymer network throughout the material. The products in the medical industry are commonly used in a number of applications such as implants, surgical equipment, and dental restoratives.
Photoacid generator PAGs are mainly used in the production of coatings and paints. In this industry, photoacid generators are used to activate monomers that form into polymers. These polymers will then bind together to form a coating or paint film. The use of photoacid generators helps to improve the properties of these films, such as their mechanical strength, resistance to abrasion, and chemical resistance. In addition, photoacid generators can also be used to improve the color and appearance of coatings and paints.
Photoacid Generator PAGs are used as an initiator in the adhesive industry for cationic polymerization. It is also used as a cross-linking agent to improve the adhesion between substrates. Photoacid generators can generate acid under UV light, which helps in accelerating the reaction and improves the final properties of adhesive products. Some of the advantages offered by photoacid generators in the adhesive industry are good adhesion, chemical resistance, heat resistance, and high flexibility. It also helps to reduce the surface energy and has good compatibility with other adhesive components such as fillers, plasticizers, tackifiers, and pigments.
On the basis of Region, the global photoacid generator PAGs market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to account for the largest share in the global photoacid generator PAGs market owing to high demand from end-use industries such as electronic materials and medical applications. The U.S., followed by Mexico is expected to be major consumers of photoacid generator PAGs in the region.
Latin America is estimated to be the second-largest market for photoacid generator PAGs, owing to high demand from end-use industries such as paints and coatings and adhesive applications. Brazil is expected to account for a significant share of the regional market. Europe is estimated to hold the third-largest share in the global photoacid generator PAGs market, owing to high demand from end-use industries such as medical and electronic materials. Germany is expected to be a key consumer of photoacid generator PAGs in the region followed by Italy.
The Asia Pacific is estimated to be the fastest-growing market for photoacid generator PAGs, owing to the high demand from end-use industries such as paints and coatings, medical and electronic materials. Japan is expected to account for a major share of the regional market. The Middle East & Africa is projected to be the smallest market for photoacid generator PAGs during the forecast period. However, the market is expected to register a healthy growth rate owing to increasing demand from end-use industries such as paints and coatings and medical.
The factors of growth for the global photoacid generator PAGs market are the increase in the demand for UV curing, the growth of the medical industry, and the increasing use of PAGs in electronics. Further, the growth factors for the global photoacid generator PAGs market are increasing demand from end-use industries, technological advancements, and rising awareness among consumers about the benefits of using photoacid generators.
Up Market Research published a new report titled “Photoacid Generator PAGs Market research report which is segmented by Types (Photoinitiator, UV Absorbing Agent, Other), By Applications (Electronic Materials, Medical, Paints & Coating, Adhesive, Other), By Players/Companies Heraeus, Toyo Gosei, Wako Specialty Chemicals, Nippon Carbide Industries, San-Apro, Chembridge International, Changzhou Tronly New Electronic Materials”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Photoacid Generator PAGs Market Research Report |
By Type | Photoinitiator, UV Absorbing Agent, Other |
By Application | Electronic Materials, Medical, Paints & Coating, Adhesive, Other |
By Companies | Heraeus, Toyo Gosei, Wako Specialty Chemicals, Nippon Carbide Industries, San-Apro, Chembridge International, Changzhou Tronly New Electronic Materials |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 212 |
Number of Tables & Figures | 149 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Photoinitiator, UV Absorbing Agent, Other and By Application Electronic Materials, Medical, Paints & Coating, Adhesive, Other.
Some of the companies that are profiled in this report are:
Photoacid Generator PAGs Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Photoacid Generator PAGs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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