Market Overview:
In the market, imaging chemicals are available in the form
of various products namely imaging agents & toners, printing inks, image
developers, anti-fogging agents, and others. Among these product types, the
imaging agents & toners segment is expected to grow significantly due to
the high investments in R&D, new product development, and their rising use
in medical diagnosis. Some of the imaging agents widely used are tetraxetan
& its derivatives for MRI, contrast agents containing iodine for X-ray,
fluorescent imaging agents for funduscopy/ ophthalmoscopy, and others. Printing
inks remain the second largest contributor owing to the growth of the printing
& packaging and textile printing applications. Printing inks are used as
binders, carriers, additives, and pigments in these applications, which is
likely to propel the market growth. The anti-fogging agents are used in both
film and paper developing to prevent fogging or blurring of the image by
enhancing the image contrast boundaries, preventing bleed of silver halide
crystals during exposure and development.
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The application segment of imaging chemicals market includes
medical diagnostics, packaging & printing, textile processing, mining, and
others. The medical diagnostics application is the dominating the global
imaging chemicals owing to the rising geriatric population and increasing
cancer-related incidences across the globe. Furthermore, increasing health
awareness amongst the consumers coupled with the high spending in health
treatment is likely to fuel the demand for imaging chemicals in the medical
sector. The technological advancements in packaging and textile processing are
one of the factors projected to augment the market growth over the forecast
period.
Regional Analysis
The global imaging
chemicals market is spanned across five regions: Asia Pacific, North
America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific accounted for the largest market share in 2017
on account of the increasing demand from the medical sector. This growth can be
attributed to the rising geriatric population and the health awareness amongst
the consumers coupled with high disposable income of the people in this
region.
The high demand from the medical, packaging, and mining
applications is expected to drive the imaging chemicals market in North
America.
Europe is projected to witness a significant growth due to the
huge investment in the medical and healthcare sector in the region.
Competitive Analysis
Some of the manufacturers operating in the global imaging
chemicals market are Eastman Kodak Company (U.K), Vivimed Labs (India), DIC
CORPORATION (Japan), Flint Group (Luxembourg), SAKATA INX CORPORATION
(Japan), TOYO INK SC HOLDINGS CO., LTD. (Japan), Siegwerk Druckfarben AG &
Co. KGaA (Germany), T&K TOKA Corporation (Japan), Fujifilm (Japan),
and Qingdao Scienoc Chemical Co., Ltd (China).
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