Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The "Imaging Chemicals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Imaging Chemicals was estimated at US$28.7 Billion in 2023 and is projected to reach US$36.7 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Several factors are driving the growth of the imaging chemicals market, including advancements in digital printing technology, the increasing demand for high-quality medical imaging, the growth of the packaging and printing industries, and the rising focus on sustainability. One of the primary drivers is the ongoing development of digital printing technology, which has created a demand for specialized imaging chemicals that can deliver higher-quality prints with greater efficiency. As digital printing continues to replace traditional offset printing in industries such as publishing, advertising, and packaging, there is an increasing need for advanced inks, toners, and coatings that can produce vibrant, durable images with precision.
The expanding healthcare sector is another significant factor driving the growth of the imaging chemicals market. With the rising demand for advanced medical imaging technologies, such as MRIs, CT scans, and X-rays, there is a growing need for contrast agents and other imaging chemicals that enhance the clarity and diagnostic accuracy of medical scans. As healthcare providers increasingly rely on imaging technologies to diagnose and treat diseases, the market for imaging chemicals used in radiology and diagnostics is expected to grow. Additionally, the development of new and safer contrast agents is creating opportunities for innovation within the medical imaging sector.
The growth of the packaging and printing industries is also contributing to the increased demand for imaging chemicals. As consumer goods companies seek more visually appealing and durable packaging, the need for high-performance inks, toners, and coatings has surged. In particular, the rise of e-commerce has driven the demand for packaging that not only protects products but also serves as a marketing tool, with clear branding and vibrant colors. Imaging chemicals play a critical role in achieving these goals, ensuring that packaging designs are sharp, colorful, and resistant to environmental factors such as moisture and UV exposure.
The rise of sustainability initiatives is another key factor driving the growth of the imaging chemicals market. As industries face increasing pressure to reduce their environmental impact, there is a growing demand for eco-friendly imaging chemicals that minimize waste and pollution. This has led to the development of water-based inks, biodegradable toners, and other sustainable alternatives to traditional imaging chemicals, which often contain harmful substances. The push for greener imaging solutions is particularly strong in the printing and packaging industries, where companies are looking for ways to reduce their carbon footprint while maintaining high-quality outputs.
Advancements in 3D printing technology are also contributing to the growth of the imaging chemicals market. As 3D printing becomes more widely adopted across industries such as healthcare, aerospace, and manufacturing, the demand for specialized imaging chemicals, including resins, powders, and inks, is increasing. These chemicals are used to create highly detailed 3D objects with precise mechanical and visual properties, enabling the production of custom parts, prototypes, and even medical devices. The expanding applications of 3D printing are expected to drive continued innovation and demand for advanced imaging chemicals in the coming years.
In the photography and art sectors, the ongoing popularity of analog film and fine art printing is supporting the growth of the imaging chemicals market. While digital photography has largely replaced film for everyday use, professional photographers, artists, and filmmakers continue to use analog techniques for their unique aesthetic qualities. As a result, there is a steady demand for traditional imaging chemicals used in film development, printing, and preservation. Additionally, the fine art market relies on archival-quality inks, pigments, and coatings to produce and protect high-value works, further contributing to the demand for specialized imaging chemicals.
The increasing use of imaging chemicals in industrial applications, such as printed electronics and semiconductor manufacturing, is another factor driving market growth. In industries where precision and durability are critical, imaging chemicals are used to create intricate patterns and designs on electronic components, such as microchips and flexible circuits. As demand for high-tech devices continues to grow, particularly in the consumer electronics and automotive sectors, the need for advanced imaging chemicals in these industrial processes is expected to rise.
With advancements in digital and medical imaging technologies, the growth of the packaging and printing industries, the push for sustainability, and the expanding use of imaging chemicals in 3D printing and industrial applications, the imaging chemicals market is poised for continued growth. As industries across sectors seek to improve the quality, efficiency, and environmental impact of their imaging processes, imaging chemicals will remain a critical component of high-performance printing, photography, medical diagnostics, and industrial production.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Printing Inks segment, which is expected to reach US$17.4 Billion by 2030 with a CAGR of a 4.5%. The Image Developers segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.7 Billion in 2023, and China, forecasted to grow at an impressive 6.4% CAGR to reach $7.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agfa-Gevaert NV, Altana AG, Dainichiseika Color & Chemicals Mfg. Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments..
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $28.7 Billion |
| Forecasted Market Value (USD) by 2030 | $36.7 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Imaging Chemicals - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Expansion of Diagnostic Imaging and Radiology Spurs Adoption of Imaging Chemicals
- Technological Advancements in Contrast Agents and Radiopharmaceuticals Propel Innovation in Imaging Chemicals
- Growth in Focus on Early Disease Detection and Non-invasive Diagnostics Expands Addressable Market for Imaging Chemicals
- Role of Imaging Chemicals in Enhancing Diagnostic Accuracy and Image Clarity Strengthens Business Case for Adoption
- Increasing Focus on Imaging Chemicals for MRI, CT, and Ultrasound Procedures Fuels Market Demand
- Growth in Use of Imaging Chemicals for Cancer Screening and Cardiology Expands Market Opportunities
- Growth in Demand for Imaging Chemicals in Molecular Imaging and PET Scans Fuels Market Expansion
- Increasing Focus on Biocompatible and Low-toxicity Imaging Chemicals Expands Addressable Market
- Growth in Use of Imaging Chemicals for Neurological and Vascular Imaging Expands Market Reach
- Growth in Use of Imaging Chemicals in Veterinary Diagnostics and Animal Health Fuels Market Opportunities
FOCUS ON SELECT PLAYERS
- Agfa-Gevaert NV
- Altana AG
- Dainichiseika Color & Chemicals Mfg. Co., Ltd.
- DIC Corporation
- Eastman Kodak Company
- Flint Group
- FUJIFILM Holdings Corporation
- Hubergroup Deutschland GmbH
- Sakata INX Corporation
- Sicpa Holding SA
- Siegwerk Druckfarben AG & Co. KGaA
- T&K Toka Co., Ltd.
- Toyo Ink SC Holdings Co., Ltd.
- Vivimed Labs Ltd.
- Wikoff Color Corporation
For more information about this report visit https://www.researchandmarkets.com/r/ptqote
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