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Sales For Imaging Chemicals Is Poised To Top US$ 7 Bn By The End Of The Forecast Period 2022-2032

01-21-2022 07:50 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact MR

Fact.MR’s newly published imaging chemicals market report forecasts an optimistic growth trajectory for the 2021-2031 forecast period. According to the study, the market is poised to top US$ 34 Bn by 2031, expanding at over 5% CAGR during the aforementioned time period. Growth is being majorly spurred by extensive uptake across the printing & packaging and medical diagnostics segments.

To Get In-depth Information View Full Report – https://www.factmr.com/report/imaging-chemicals-market

As the COVID-19 pandemic unfurled throughout 2020, recessionary pressured weighed down expansion prospects. The market closed in at a little over US$ 24 Bn by the end of the year, increasing at a CAGR of approximately 4% from 2016, exhibiting a steady historical trajectory. The imaging chemicals market was valued at nearly US$ 21 Bn at the beginning of the historical period.

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Key Market Segments Covered in Study
Application

Imaging Chemicals for Printing & Packaging
Imaging Chemicals for Medical Diagnostics
Imaging Chemicals for Textile Processing
Imaging Chemicals for Other Applications

Product

Imaging Chemical Printing Inks
Imaging Chemical Developers
Other Imaging Chemical Products

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Key Takeaways from Market Study

By product, demand for printing inks to surge at a record 6% CAGR to top US$ 16 Bn by 2031
Demand for chemical developers to incline at a CAGR of 5% across the forecast period
By application, medical diagnostics anticipated to account for over 40% revenue by 2031
The U.S. imaging chemicals market topped US$ 6 Bn in 2020, amid high uptake in diagnostic imaging
Strong printing & packaging industry to sustain growth across China, expected to top US$ 7 Bn by 2031
India, Australia, and South Korea to jointly account for nearly US$ 5 Bn by 2031

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Competitive Landscape

Agfa-Gevaert NV, Altana AG, Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Eastman Kodak Company, Flint Group, FUJIFILM Holdings Corporation, Hubergroup GmbH, Sakata INX Corporation and SICPA Holding SA are some prominent faces in the imaging chemicals landscape.

In August 2020, Flint Group owned Xeikon entered into an exclusive partnership with Electronics for Imaging (EFI) for the latter’s Jetrion® digital label and narrow web inkjet printing systems. The agreement provides Xeikon an opportunity to service, support and supply products to key customers.
In July 2019, Sakata INX Corporation finished building an additional manufacturing plant for its water based inks in Ho Chi Minh, Vietnam. The construction was undertaken in response to growing domestic demand by various end use industries.

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Key Points Covered in Imaging Chemicals Market Report:

Market Estimates and Forecasts (2016-2031)
Key Drivers and Restraints Shaping Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Brand Share and Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Imaging Chemicals and How to Navigate
Recommendation on Key Winning Strategies

For More Insight- https://www.einpresswire.com/article/557050105/demand-for-alumina-oxide-automotive-ceramics-market-is-expected-to-grow-at-a-cagr-of-5-over-the-forecast-period

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