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Lithographic printing chemicals market in Asia Pacific is predicted to see lucrative gains till 2025
Lithographic Printing Chemicals Market
Developing nations have been experiencing regulatory changes, increasing economic developments and expanding population, boosted the consumption of packaged goods and retail products, which entail significant use of packaging and promotional activities. North America has also been claimed as a market with tremendous potential for the demand of lithographic printing chemicals.
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The range of chemicals utilized in modern-day lithographic printing including inks, cleaning solutions and fountain solutions have evolved largely from constant developments in the printing industry. These chemicals are extensively used in printing newspapers, posters, textbooks, and the like. In the electronics industry, lithographic chemicals are used for patterning integrated circuit devices.
The recent coronavirus outbreak has significantly impacted communities across the globe and disrupted manufacturing across many industry verticals. However, the packaging industry is among the few industries that has managed to record a profitable growth amid the coronavirus crisis.
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Global Market Insights, Inc., forecasts that global lithographic printing chemicals market size will be worth more than US$17.5 billion by 2025, with growing adoption of offset printing for high-volume printing applications. A steady demand for offset printing solutions for packaging will propel the demand for lithographic chemicals.
There have been several firms that have been involved in the production and distribution of the products, such as DIC Corporation, T&K TOKA Corporation, Tokyo Printing Ink Company, SICPA Holding SA, Siegwerk Druckfarben AG & Co., and Sakata Inx Corporation, among others. These firms often indulge in various strategies like product development and exploring research and development activities to gain a competitive edge over their counterparts.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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