Ningbo Inno Pharmchem Co., Ltd. is a leading manufacturer of photoinitiators, and one of their most popular products is 2-Isopropylthioxanthone (ITX). In this article, we will explore the market for ITX photoinitiator, from the manufacturer's perspective, and discuss the advantages of using ITX in various applications.
ITX is a photoinitiator that is widely used in the printing, packaging, and coatings industries. It is a highly effective initiator for free radical polymerization, and is used to initiate the curing of UV-curable coatings and inks. It is also used in the production of adhesives, sealants, and other materials that require fast curing times.
One of the advantages of ITX is its high solubility in common solvents, which makes it easy to incorporate into formulations. It also has a high absorption rate in the UV range, which makes it an efficient initiator. In addition, ITX is non-toxic and has low volatility, which makes it safe to use in food packaging and other sensitive applications.
The global market for photoinitiators is expected to grow significantly in the coming years, driven by the increasing demand for UV-curable coatings and inks. According to a report by MarketsandMarkets, the global market for photoinitiators is expected to reach USD 1.4 billion by 2023, growing at a CAGR of 8.4% from 2018 to 2023.
The Asia-Pacific region is expected to be the fastest-growing market for photoinitiators, due to the increasing demand for UV-curable coatings and inks in countries such as China and India. This presents a great opportunity for manufacturers such as Ningbo Inno Pharmchem Co., Ltd. to expand their market share in the region.
In addition to the growing demand for UV-curable coatings and inks, there are other factors driving the demand for ITX photoinitiator. One of these factors is the increasing focus on sustainability and environmental friendliness. ITX is a non-toxic and low-volatility initiator, which makes it an eco-friendly alternative to other initiators that may have harmful effects on the environment.
Another factor driving the demand for ITX is the increasing demand for high-performance coatings and inks. ITX is a highly effective initiator that can improve the performance of coatings and inks, leading to better adhesion, scratch resistance, and other properties.
Ningbo Inno Pharmchem Co., Ltd. is a leading supplier of ITX photoinitiator, with a production capacity of over 200 tons per year. The company uses advanced technology and strict quality control measures to ensure the highest quality of their products. They also offer technical support and customized solutions to meet the specific needs of their customers.
In addition to ITX, Ningbo Inno Pharmchem Co., Ltd. also produces other photoinitiators such as 1-Hydroxycyclohexyl phenyl ketone (HCPK) and 2-Methyl-1-[4-(methylthio)phenyl]-2-morpholinopropanone (Irgacure 907). These photoinitiators are used in various applications such as electronics, automotive, and medical devices.
In conclusion, the market for ITX photoinitiator is growing rapidly, driven by the increasing demand for UV-curable coatings and inks, as well as the focus on sustainability and high-performance materials. Ningbo Inno Pharmchem Co., Ltd. is a leading manufacturer of ITX photoinitiator, with a strong commitment to quality and customer satisfaction. Their products are widely used in various applications, and they are poised to take advantage of the growing demand for photoinitiators in the Asia-Pacific region and beyond.
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