Press release
Strong Growth Ahead: Imaging Chemicals Market Size To Grow At Arecord 7.3% Cagr By 2029
Imaging Chemicals
What Is the Projected Growth of the Imaging Chemicals Market?
Over recent years, the market size of imaging chemicals has experienced considerable growth. Projected to increase from $26.63 billion in 2024 to $28.31 billion in 2025, it exhibits a compound annual growth rate (CAGR) of 6.3%. This growth during the historic period is a direct result of the increasing embrace of photography, graphical arts and printing, medical imaging, and industrial imaging applications by consumers, coupled with the demand for high-quality prints and film-based cinematography.
The market size for imaging chemicals is predicted to experience robust growth in the approaching years, expanding to $37.57 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. Factors contributing to growth during the forecast period include the use of printed electronics, a surge in demand for security imaging and eco-friendly solutions, biologically sourced and renewable resources, and functional imaging materials. Key trends anticipated during the forecast period encompass digital overhauls in the imaging sector, cutting-edge photographic printing methods, specialized application customizations, intelligent imaging materials, and strategic partnerships for fostering innovation.
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What Are the Emerging Segments Within the Imaging Chemicals Market?
The imaging chemicals market covered in this report is segmented -
1) By Product Type: Imaging Agents And Toners, Printing Inks, Image Developers
2) By Application: Medical Diagnostics, Packaging And Printing, Textile Processing, Mining, Other Applications
Subsegments:
1) By Imaging Agents And Toners: Liquid Toners, Powder Toners, Imaging Agents For Medical Imaging
2) By Printing Inks: Solvent-Based Inks, Water-Based Inks, UV-Curable Inks, Eco-Friendly Inks
3) By Image Developers: Photographic Developers, Digital Imaging Developers, Chemical Developers For X-Ray Imaging
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What Long-Term Drivers Are Shaping Imaging Chemicals Market Trends?
The surge in cancer cases and brain-related ailments is contributing to the expansion of the market for imaging chemicals. Cancer encapsulates a wide variety of diseases, all characterized by unrestrained proliferation of abnormal cells. Conversely, brain disorders refer to conditions affecting the central and peripheral nervous systems. Such an upward trend in instances of cancer and brain disorders bolsters market growth for imaging chemicals due to their benefits like real-time surveillance, enabling determination of cancer's stage and exact location to guide surgical procedures and other forms of treatment, and the visual portrayal of cellular activity. For instance, new cancer cases saw a 2.3% rise from 2020, reaching 2.74 million in 2022, as stated by the EU Science Hub, a Belgium-based website of the European Commission's Joint Research Centre, in October 2023. Analogously, cancer fatalities witnessed a 2.4% increase from 2010 to 2020. As per the World Federation of Neurology, a UK-based assembly of national neurological societies, brain ailments rank as the world's second leading cause of death and the primary cause of disability, as reported in October 2023. Consequently, the escalating incidence of cancer and brain disorders is predicted to stoke the upward trajectory of the imaging chemicals market.
Who Are the Top Competitors in Key Imaging Chemicals Market Segments?
Major companies operating in the imaging chemicals market include Eastman Kodak Company, Agfa-Gevaert NV, Altana AG, BASF SE, Clariant Chemical Company, DIC Corporation, Dow Chemical Company, Flint Group S.A., FUJIFILM Holdings Corporation, Hubergroup Deutschland GmbH, Kao Corporation, Kodak Alaris Inc., Qingdao Scienoc Chemical Co., Sakata Inx Corp., Siegwerk Druckfarben AG & Co. KGaA, T&K TOKA Corporation, Toyo Ink SC Holdings Co. Ltd., Wikoff Color Corporation, Dymax Corporation, Evonik Industries AG, Kemira Oyj, Merck Co. & KGaA
What Imaging Chemicals Market Trends Are Gaining Traction Across Different Segments?
The imaging chemicals market is seeing a significant trend in the form of technological advancements. In order to maintain their market position, top contenders in the market are developing and introducing superior technologies. To illustrate, Guerbet Group, a medical imaging company originating from France, has introduced the Elucirem (gadopiclenol) injection in February 2023. This innovative generation GBCA by Guerbet provides the highest relaxivity within the magnetic resonance imaging (MRI) classification, making it suitable for both adults and children older than two years. The Elucirem requires only half the usual dosage of gadolinium in comparison to conventional non-specific GBCAs, thereby reducing the concerns of practitioners regarding gadolinium exposure. The Elucirem (Gadopiclenol) injection is used to identify and visualize lesions with abnormal vascularity in the brain, spine, related tissues and across the body, including the structures of the head and neck, chest, stomach, pelvis, and the musculoskeletal system.
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Which Regions Are Becoming Hubs for Imaging Chemicals Market Innovation?
Asia-Pacific was the largest region in the imaging chemicals market in 2024. The regions covered in the imaging chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Imaging Chemicals Market?
2. What is the CAGR expected in the Imaging Chemicals Market?
3. What Are the Key Innovations Transforming the Imaging Chemicals Industry?
4. Which Region Is Leading the Imaging Chemicals Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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