Imaging Chemicals Market Overview:
The market size for imaging chemicals was USD 20.77 billion in 2020 and is projected to reach USD 29.97 billion by 2027
The global Imaging Chemicals Industry is getting the main thrust from the healthcare sector where the increasing investment for latest technologies and better demand for diagnosis can trigger hike in the intake for the same. Various machines like digital X-ray with wireless DR detectors, portable CT, and fusion imaging CT/PET can inspire a substantial change in the market. The advent of digital printing is also expected to provide traction to the market. Easy availability of raw materials, demand for eco-friendly measures, organic colors, and others can inspire better market growth. But its high cost can be an obstacle that can hold back the smooth growth rate.
Imaging chemicals find significant application in photographic imaging technology, a segment that covers several industries like consumer photography, medical & industrial x-ray imaging, and litho-plate production that can be used in graphics arts. The global market for imaging chemicals can find better traction with transforming urban and industrial scenarios and improving financial ambience across the world
Imaging Chemicals Market Regional Analysis
The demographic study of the imaging chemicals market has focus covering various regions like North America, Asia Pacific, and Europe, with strong potential to influence the market growth. It also covers Latin America and the Middle East & Africa.
North America’s market scored the second best figures in 2016 and it can grow much further with high intake of imaging chemicals in the industries like medical, packaging, and mining industry. Europe’s growth would also gain better traction with increasing investment, better infrastructural facilities in the region and robust healthcare infrastructure. Latin America’s growth can find traction from highly prospective geology, better cost profile, and alluring mining environment.
The Asia Pacific region has the significant market dominance and it was the leading one in 2016. The high intake of imaging chemicals in the medical sector due to better infrastructural facilities to diagnose disease can be a driving factor for the market. Increasing intake of the product in textile and mining industries and better per capita income can also provide scope for growth.
The Middle East & Africa has growth possibilities with the rising mining activities in Morocco and Saudi Arabia.
Imaging Chemicals Market Segmentation
The global market report for imaging chemicals has better market segmentation on the basis of product type and application. The report has better market coverage of various factors and market valuation in terms of both volume and revenue. This can help in the identification of growth pockets.
By product type, the global market report for imaging chemicals can be segmented into printing inks, imaging agents & toners, anti-fogging agents, image developers, and others. As imaging agents & toners, the market can fetch substantial revenue.
By application, the global study on the imaging chemicals market revealed packaging & printing, medical diagnostics, mining, textile processing, and others. The healthcare segment has provisions to let the market grow.
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Competitive Analysis:
Major global imaging chemicals market players are Vivimed Labs (India), Eastman Kodak Company (U.K), Flint Group (Luxembourg), DIC CORPORATION (Japan), TOYO INK SC HOLDINGS CO., LTD. (Japan), SAKATA INX CORPORATION (Japan), Fujifilm (Japan), T&K TOKA Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), and Qingdao Scienoc Chemical Co., Ltd (China). MRFR’s profiling of these companies can be seen as an attempt to assist better market reading in the coming days. This would reveal potential insights that can help in the forming of better strategies.
Increasing sale of the medical imaging devices is expected to create better scope for growth in the coming years for the imaging chemicals market.
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