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).
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.
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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.
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.
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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.
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