New York, NY, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Imaging Chemicals Market by Product (Image Developers, Printing Inks, and Others) and by Application (Textile Processing, Printing & Packaging, Medical Diagnostic, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024”. According to the report, the global imaging chemicals market was valued at approximately USD 5.36 billion in 2017 and is expected to generate around USD 8.80 billion by 2024, at a CAGR of around 5.0% between 2018 and 2024.
The continuous innovation and rapid product up-gradation have led to the upsurge in the demand for imaging chemicals across the globe. Integration of imaging chemicals across the value chain level will be a crucial element in the upcoming years that is likely to fuel the imaging chemicals market in the upcoming years. This can be attributed to the fact that majority of the manufacturers are trying to reduce their costs by opting for subsequent backward or forward integration, whichever is necessary depending upon their business model and organizational structure. Prospects for good supplier-manufacturer relationships at the product distribution network will help the organizations and leading players to gain an equitable profit in the near future. Rapid technological advancements in the medical imaging sector due to the increasing prevalence of cancer and brain disorders and rising geriatric population are likely to fuel the imaging chemicals market growth in the future. In the medical industry, image clarity is crucial while diagnosing and detecting diseases. Thus, the imaging chemicals market is anticipated to witness growth in the estimated timeframe. Manufacturers and organizations involved in imaging chemicals industry are making considerable R&D investments, mainly focusing on product development and product innovation. These factors are expected to drive the imaging chemicals market growth over the projected span. However, high implementation costs might limit this market in the years ahead.
Browse through 49 Tables & 21 Figures spread over 110 Pages and in-depth TOC on “Global Imaging Chemicals Market Size & Share 2018: Industry Share, Segments Analysis and Forecast, 2024”.
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The global imaging chemicals market is segmented on the basis of product into printing inks, image developers, and others. The printing inks segment is expected to dominate the market in the forecast timeline, due to the growing popularity of digital imaging in the packaging industry. By application, this market includes printing and packaging, textile processing, medical diagnostic, and others. The medical diagnostic segment is estimated to dominate the imaging chemicals market in the upcoming years, due to extensive use to ensure clarity and image optimization in the medical diagnosis process.
The European region is likely to hold a substantial revenue share in the global imaging chemicals market in the future, due to the increasing acceptance of imaging chemicals in textile processing. Moreover, the presence of highly advanced healthcare technology is expected to further drive this regional market’s growth in the forecast timeframe.
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North America is predicted to provide significant growth opportunities for the global imaging chemicals market. The rising demand for imaging chemicals in the packaging industry is likely to foster this market’s growth in the upcoming years. Additionally, the growing awareness to develop eco-friendly organic imaging chemicals is expected to drive the imaging chemicals market growth in the North American region over the forecast timeframe.
The Asia Pacific region is likely to register the highest rate of growth in the imaging chemicals market globally in the future. This regional growth can be attributed to the rising disposable income of the population and their increasing purchasing power. Moreover, emerging countries, such as India and China, are major consumers of imaging chemicals in the medical industry.
Browse the full “Imaging Chemicals Market by Product (Image Developers, Printing Inks, and Others) and by Application (Textile Processing, Printing & Packaging, Medical Diagnostic, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024” Report at https://www.zionmarketresearch.com/report/imaging-chemicals-market
The Middle Eastern and African imaging chemicals market is predicted to offer lucrative opportunities to the market players, due to the rising number of mining activities in Saudi Arabia and Morocco.
Some industry players operating in the imaging chemicals market include T&K Toka, The Eastman Kodak Company, Fujifilm, DIC Corp., Vivimed Labs, Sakata Inx, Flint Group, Siegwerk Druckfarben, and Toyo Ink SC, among others.
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This report segments the global imaging chemicals market into:
Global Imaging Chemicals Market: Product Analysis
- Image Developers
- Printing Inks
- Others
Global Imaging Chemicals Market: Application Analysis
- Textile Processing
- Printing and Packaging
- Medical Diagnostic
- Others
Global Imaging Chemicals Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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