Imaging Chemicals Market 2020 Overview by Product, Application, Demand, Latest Trends, Future Growth, Industry Analysis, End-User, Regional Outlook till 2025
The imaging chemicals industry is witnessing significant transformations owing to integration of smart technologies along with rising awareness people toward attaining improved health conditions.
Dallas, United States – March 27, 2021 /MarketersMedia/ —
The global imaging chemicals market size is projected to reach nearly USD 40 billion by 2028. In addition, it is projected to gather a CAGR of above 6% over the forecast years 2018-2028. Imaging Chemicals are used to produce images. Growing demand for the chemical from the medical division is driving the market growth. These superior performing chemicals enhance the imaging quality by providing clarity to the image. The surging population along with growing living standards and increasing disposable income is expected to provide impetus to the customers for expensive medical facilities, in turn, fueling the business upsurge.
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The industry is shifting focus toward digital printing on account of high quality, faster turnaround time, cost competitiveness, and easy printing customization. The wide scale adoption of the technology is analyzed to propel the demand for inks, which are used in ink cartridges and toners. The ongoing integration of advanced technology to automate the operations in the manufacturing facilities is further contributing to the growth. Although, ongoing shift toward online media in the printing & the publishing industry along with the high cost associated with imaging chemicals is expected to hit the industry size. However, surging demand for the printing chemicals for film-based photography and surge in application diversification is expected to positively influence the business outlook.
The innovative medical imaging technologies including portable CT / PET fusion imaging, CT scans, and digital X-rays along with wireless DR detectors are analyzed to generate considerable demand for the chemicals over the forecast period. In addition, the wide scale utilization of imaging chemicals in commercial printing, textile printing, and packaging & labeling is further portraying a positive impact on the industry outlook.
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The report also outlines the various characteristics of the global imaging chemicals industry by assessing the market from value chain analysis. Moreover, the imaging chemicals market report comprises various qualitative parts of the imaging chemicals industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The imaging chemicals market has solid competition amongst the already well-known and new market players. Also, the imaging chemicals industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Based on the products segment, the market is bifurcated into developers, inks, and others. The ink segment is anticipated to witness significant growth rate during the forecast years. The market growth of this segment is primarily ascribed to the increasing demand for analog and digital printing solutions.
The North America region is projected to accumulate the substantial share during the forecast years. The market growth in this region is mainly ascribed to rising presence of developed diagnostic technologies coupled with amplified per capita expenditure and positive federal government outlook toward healthcare capabilities is projected to stimulate the market size in the coming years.
The major players of the global imaging chemicals market are The Eastman Kodak Company, DIC Corp., Vivimed Labs, Fujifilm, Sakata Inx, Flint Group, Siegwerk Druckfarben and Toyo Ink SC. The imaging chemicals market comprises well established local as well as global players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Segment Overview of Global Imaging Chemicals Market
Product Overview, 2019 – 2028 (USD Million and kilotons)
Developers
Inks
Others
Application Overview, 2019 – 2028 (USD Million and kilotons)
Textile
Printing & Packaging
Medical Diagnostic
Others
Regional Overview, 2019 – 2028 (USD Million and kilotons
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
Rest of Middle East & Africa
South America
Brazil
Rest of South America
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