The Imaging Chemicals Market is estimated to grow from USD 22.08 billion in 2017 to USD 29.97 billion by 2022, at a CAGR of 6.3% from 2017 to 2022. Imaging chemicals are chemical substances with strong solvency and volatility, used to produce or develop photographs. The imaging chemicals market is segmented by product type, application, and region. The increased demand for imaging chemicals across various applications, such as printing & packaging, textile processing, and medical diagnostics is expected to drive the growth of the imaging chemicals market across the globe.
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Based on product type, the imaging chemicals market is segmented into printing inks, image developers, and others. Printing inks are the most commonly used imaging chemicals, globally. Printing inks are used in traditional printing technologies such as offset, gravure, and screen printing as well as in digital printing technologies in the form of inkjets and toner cartridges. These chemicals are used in various applications, such as printing & packaging, textile processing, and medical diagnostics. The printing inks segment is projected to grow at the highest rate during the forecast period.
Based on application, the printing & packaging segment is projected to lead the imaging chemicals market during the forecast period. The growth of this segment can be attributed to the increasing demand for printing inks for packaging purposes across various industries, such as food & beverages, consumer goods, and manufacturing.
By region, Asia Pacific is projected to be the fastest-growing market for imaging chemicals globally. The increased demand for imaging chemicals from Asia Pacific can be attributed to the increased government spending on the packaging and textile industries in the region is fueling the growth of the imaging chemicals market.
The companies profiled in this market research report are Fujifilm (Japan), The Eastman Kodak Company (US), Vivimed Labs (India), DIC Corp. (Japan), Flint Group (Germany), Sakata Inx (Japan), Toyo Ink SC (Japan), Siegwerk Druckfarben (Germany), and T&K Toka (Japan).
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