22 May 2019 - Global Imaging
Chemicals Market is estimated to
grow at a significant CAGR of 5.98% over the forecast period as the scope and
its applications are rising enormously across the globe. Imaging chemicals are
mainly used in traditional photographic imaging technology like industrial and
medical X-Ray imaging, litho-plate production, and customer photography for the
graphic arts industry.
The
factors that are playing a major role in the growth of market are rising demand
in the medical sector, increasing consciousness regarding the benefits of
organic pigments, growing government investment, and rising use of enhanced
technologies. However, the presence of alternatives may restrain the overall
market in the years to come. Imaging chemicals market is segmented based on
product type, application, and region.
Image
developers, printing inks, and the other product types could be explored in
imaging chemicals in the forecast period. The printing inks sector accounted
for the substantial market share of imaging chemicals and is estimated to lead
the overall market in the years to come. The reason could be a rise in the
textile printing and packaging applications.
The
market could be categorized based on application like textile processing,
printing & packaging, medical diagnostics, mining, and others that could be
explored in the forecast period. Medical diagnostics sector accounted for the
substantial market share of imaging chemicals and is estimated to continue its
dominance in the years to come. The reason could be the high demand from the
medical sector, growing geriatric population, rising government initiative for
the development of diagnostic centers, and increasing occurrence of cancer and
other cardiac diseases. In addition, the mining sector is estimated to grow at
the fastest pace in the years to come.
Globally,
North America accounted for the substantial market share of imaging chemicals
and is estimated to lead the overall market in the years to come. The reason
behind the overall market growth could be the presence of enhanced diagnostic
technologies, high expenditure capability, and the presence of key
manufacturers in this region. The United States is a major consumer of imaging
chemicals in this region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The aspects that may be ascribed to the growth comprise a growing
geriatric population, increasing disposable income, and changing lifestyle. The
developing countries like India and China are the major consumers of imaging
chemicals in this region.
The
key players of the imaging chemicals market are T&K Toka, Fujifilm,
Siegwerk Druckfarben, The Eastman Kodak Company, Toyo Ink SC, Vivimed Labs,
Sakata Inx, DIC Corp., and Flint Group. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, revenue (million USD), market share
and growth rate of Imaging Chemicals in these regions, from 2013 to 2025
(forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Imaging Chemicals market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Fujifilm
•
The Eastman Kodak Company
•
Vivimed Labs
•
DIC Corporation
•
Flint Group
•
Sakata Inx
•
Toyo Ink Sc
•
Siegwerk Druckfarben
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