The global imaging chemicals and materials market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Imaging chemicals and materials are specialty chemicals used in imaging products such as printers and digital copiers. They are segmented based on their functionality. Some of the common imaging chemicals and materials include polypropylene resins, fumed silica and carbon black among others.
As toner chemicals, they can be binders, carriers, pigments, dyes, and other additives. And as image developers, they can be developer chemicals, fixers and others.
As a major chemicals used in medical imaging, printing, textiles processing and others the demand from medical, printing and textile industry is expected to increase the growth of imaging chemicals and materials market. Demand from medical, printing and textile industry is actually increasing because of the growing population and extra income in developing countries.
Drivers and Restraints of Imaging Chemicals & Materials Market
Growing investments in electronic industry in regions like Asia and the Americas are likely to offer tremendous possibilities for imaging chemicals and materials market in the future. As a result of accessibility to raw material, multinational businesses are investing in resource-rich regions to be able to limit the overall production cost.
Imaging chemicals and materials market has been exposed to the probability of volatility in supply and prices. Environmental concerns on degradability of imaging chemicals and materials are a growing trend in the market. Existing and future environmental and health regulations concerning the use of certain imaging chemicals and materials are likely to challenge the market growth.
Imaging Chemicals & Materials Market by Region
The Americas were the largest consumer of imaging chemicals and materials and this pattern is anticipated to continue to be identical over the following few years. Consumption in the USA is showing an upward trend because of the increase in economic activity. Growing demand for medical imaging, printing and textile processing will drive the market in the Americas. Demand from Asia was relatively stable and is likely to have a stable growth in the next few years. Consumption of imaging chemicals and materials in the Europe and MEA region is likely to grow at a significant rate.
Top players in this market include Eastman Kodak Company, FUJIFILM Corporation, Vivimed Labs, DIC Corp., International Imaging Materials Inc., Toray Fine Chemicals Co. Ltd, Flint Group, Kao Corporation, Sakata Inx, Toyo Ink SC, Siegwerk Druckfarben, T&K Toka among others.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth