Market Insights:
Imaging chemicals are used extensively in photographic imaging technology and have a wide number of applications which are responsible for the global imaging chemical markets considerable size. Market Research Future (MRFR) has released its report on the global imaging chemicals market which discloses several critical market figures. The global imaging chemicals market is growing steadily in response to the growing demand in various end-use sectors.
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High costs associated with the latest in imaging systems is expected to hinder market growth. However, development of organic colors and the demand for eco-friendly printing techniques are rising trends which are likely to pave the way for market expansion opportunities. Moreover, leading market players are investing in the development of new imaging agents for increased diagnostic capabilities, which is expected to encourage expansion of the market.
Global Key Players:
• SAKATA INX CORPORATION
• Eastman Kodak Company
• Qingdao Scienoc Chemical Co., Ltd
• Vivimed Labs
• Flint Group
• TOYO INK SC HOLDINGS CO., LTD.
• Fujifilm, DIC Corporation
• Siegwerk Druckfarben AG & Co
• KGaA, and T&K TOKA Corporation
Market Segmentation:
The global imaging chemicals market is segmented on the basis of product type, application, and region. By product type, the market is segmented into printing inks, anti-fogging agents, imaging agents & toners, and others.
By application, the market is segmented into packaging & printing, textile processing, mining, medical diagnostics, and others. The medical diagnostics segment accounts for nearly one-third of the total market share due to the growing prevalence of brain disorders and chronic diseases which make extensive use of imaging chemicals for diagnostic purposes.
Globally, the market is segmented by region into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa.
Regional Analysis:
The Asia Pacific dominates the global imaging chemicals market due to the high demand the region displays for imaging chemicals in the healthcare sector. The presence of an increasing geriatric population and an otherwise large ever-increasing population combined with rising disposable incomes have placed high demand for imaging chemicals in diagnostics. Moreover, the booming textile industry present in the APAC region is increasing using imaging chemicals for digital printing purposes which are expected to augment market growth in the region.
North America accounts for the second largest market and is followed by Europe. The consistent use and development of imaging chemicals in these regions and their high demand in the well-establish healthcare sectors in North America and Europe are key in the markets significant size.
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