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  • Published In : Jun 2024
  • Code : CMI7034
  • Pages :137
  • Formats :
      Excel and PDF
  • Industry : Polymers and Resins

Regional Analysis

Photopolymer Market Regional Insights

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North America has emerged as the dominant regional market for photopolymers with estimated 36.6% share in 2024. The strong presence of established photopolymer manufacturers along with a highly developed printing and graphic art industries are expected to drive the market growth in the region. Key players like DuPont, MacDermid, and Formlabs have significantly invested in R&D and product innovation to develop new photopolymer formulations. These efforts have paid off through more efficient and customized materials for various printing processes.  Along with the manufacturing strength, demand from end-use segments like 3D printing, printing plates, and screen printing is significantly higher in North America compared to other regions. Growth in digital printing and additive manufacturing adoption across industries like consumer products, automotive, healthcare boosts photopolymer consumption. With its diverse economy and early technology adoption rates, applications of photopolymers continue to rise across various verticals. Trade relations within the region and with Asia and Europe have also ensured availability and affordability of photopolymers.

Asia Pacific region has emerged as the fastest growing regional market for photopolymers. Dynamic economies like China, India, and Southeast Asian countries are exhibiting strongest growth momentum. Rapid industrialization and manufacturing-led development over the past decade have increased the need for varied printing outputs. This has boosted demand for liquid and dry photopolymers for applications such as flexographic printing plates, photoresist chemicals, printed circuit boards, and 3D printing materials. Countries like China and Taiwan also have a burgeoning electronics and semiconductor industry that consumes photopolymers on a large scale. Asia Pacific is also emerging as a manufacturing powerhouse for photopolymers globally. Local giants like Pingguo, DIC, and Toyo Ink have rapidly expanded their production capacities and product portfolios, catering to the diverse requirements of local as well as international clients. Import barriers are relatively low in the region, allowing easier import of critical raw materials as well as transfer of technology. Coupled with lower labor and land costs, Asia Pacific offers highly competitive pricing for photopolymers without compromising on quality, driving higher consumption rates.

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