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.
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 Share 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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