Asia Pacific region holds a substantial share in the global lithographic printing chemicals market owing to rising growth in the printing and packaging industries.
Sellbyville, DE -- (SBWIRE) -- 02/05/2019 -- Asia Pacific region holds a substantial share in the global lithographic printing chemicals market owing to rising growth in the printing and packaging industries. Escalating demand from China, India, and Indonesia is a chief cause behind its strengthening position in the offset print chemicals market. Expanding population, regulatory changes, and economic developments are the major reasons fueling the growth of the industry. North America is another potential market with growing demand for the product.
Owing to the increased demand for high quality and low cost printing, the lithographic printing chemicals markethas been steadily growing in conjunction with the development of the packaging, publication and promotion sectors. The ability of printing chemicals to be applied on numerous types of materials and surfaces has particularly cemented their place in global packaging space for producing large quantities of product packaging.
The lithographic printing chemicals industry benefits from improved output and a quick turnaround time achieved in lithographic printing, supported with latest technologies for making minute adjustment in images. Rising need for efficient and outstanding packaging options, in addition to the consistent demand for regular publications and increased promotional spending worldwide has pushed the lithographic printing chemicals market revenue, that stood at USD 12.5 billion in 2017.
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Lithographic Printing Chemicals Market size will likely surpass USD 17.5 billion by 2025; according to a new research report by Global Market Insights. Lithographic printing is a cost-effective process for long run printing operations. The marginal maintenance cost associated with this technique makes it a cost-effective technology for high-volume printing.
Although the technique has a high setup cost, as printed quantity increases the per unit cost of each page decreases which makes it the cheapest technology for producing commercial quantities of first-class printed items. Hence, advancements in this process would augment the growth in offset print chemicals industry.
Another growth driver of lithographic printing chemicals market is the advancements in the Asia Pacific print industry. In 2017, the offset print industry was valued approximately USD 9.5 billion and is growing at a significant rate. Rising circulation of dailies in India and China would promote advancements in offset print chemicals industry. The major upsurge in the product demand from this region is due to rapid economic development and rising consumer base.
The lithographic printing chemicals market is categorized based on region, application and product. Cleaning solutions, inks, fountain solutions, and others are different product categories existing in the industry. The others segment includes products like photographic chemicals, plate coatings, gumming solutions, etc. Fountain solution is a liquid solution which is used to dampen the printing plates and helps to control the emulsification of ink and water. Hence, this segment would likely portray a rising trend in its growth path in the forecast timeframe.
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Competition from other printing technologies will hinder the offset print chemicals market. Digital and flexographic technologies are becoming increasingly popular for a range of applications including packaging and promotion. Advancements in digital printing technology has lowered its costs and made its more accessible to customers around the globe. These trends may have a negative effect on the product market development in the future.
The offset print chemicals market is categories into various applications like promotion, packaging, publication, and others. Publication acquires a major market share and would grow at a CAGR of about 4.5% in the study period. Promotion is another significant application section of the industry which has witnessed rising growth in recent years. This is due to growing demand for marketing resources like flyers, posters, pamphlets, brochures, etc.
Lithographic Printing Chemicals Market Product by Application
o Fountain solutions
o Cleaning solutions
Lithographic Printing Chemicals Market by Application
Browse key industry insights from the report, "Lithographic Printing Chemicals Market" in detail along with the table of contents:
DIC Corporation, SICPA Holding SA, T&K TOKA Corporation, Siegwerk Druckfarben AG & Co., Tokyo Printing Ink Company, Sakata Inx Corporation, etc. are the major companies in the lithographic printing chemicals market. It is a fragmented industry consisting of a large number of product manufacturers. Product development and R&D activities are the key strategies adopted by the players to reinforce their position in the industry.
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