Pune, India -- (SBWIRE) -- 12/13/2018 -- Imaging Chemicals Market Information:
The global imaging chemicals market is primarily driven by the rising demand for imaging chemicals from the medical sector. This growth can be attributed to their enhanced clarity in medical diagnosis.The market is positively influenced due to the increasing prevalence of cancer and brain disorders and the increasing research & development of imaging chemicals in the medical sector.
Completitive Landscape:
Some of the manufacturers operating in the global imaging chemicals market are
Eastman Kodak Company
Vivimed Labs
DIC CORPORATION
Flint Group
SAKATA INX CORPORATION
TOYO INK SC HOLDINGS CO., LTD.
Siegwerk Druckfarben AG & Co. KGaA
T&K TOKA Corporation
Fujifilm
Qingdao Scienoc Chemical Co., Ltd
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The increasing adoption of innovative systems such as portable CT, digital X-ray with wireless DR detectors, and fusion imaging CT/PET is likely to fuel the development of imaging chemicals in the medical sector. Recently, in 2017, scientists from the National University of Singapore developed a nanodiamond-based contrast agent – a chemical dye used to enhance the visibility of internal body structures, specifically for visualization of liver cancer tumors, in magnetic resonance imaging (MRI). Moreover, the increasing adoption of digital printing in textiles has affected the design and creation of textiles, which is expected to further fuel the market growth during the forecast period.
Imaging chemicals are used in photographic imaging technology, which includes medical and industrial x-ray imaging, consumer photography, and litho-plate production used in graphics arts.Additionally, the use of hyperspectral imaging for in-line inspection of raw materials and materials in process benefits for increasing quality and quantity of finished product, which is expected to boost the market growth. The trends in the market for organic color development and eco-friendly printing technique is likely to offer substantial opportunities for the market growth over the assessment period. However, the high cost of imaging systems may challenge the market growth.
Segmentation
The global imaging chemicals market is segmented on the basis of the product type, application, and region.
On the basis of the product type, the global imaging chemicals market is segmented into imaging agents & toners, printing inks, image developers, anti-fogging agents, and others.
Based on the application, the global imaging chemicals market is segmented into medical diagnostics, packaging & printing, textile processing, mining, and others.
Some of the key trends observed in the market are an acquisition of a strong business foothold. For instance, in February 2018, Sun Chemical and its parent organization, DIC CORPORATION acquired Luminescence Holdings Ltd., a U.K based manufacturing company of currency, tax stamp, passports, ID cards, and brand protection inks for the security market. Furthermore, Vivimed Labs Spain S.L. signed definitive agreements to acquire SONEAS, a company focussed on the innovator and fine chemical sectors, on 16th May 2018.
Regional Analysis
The global imaging chemicals market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific dominated the global imaging chemicals market in 2016 as result of high demand for imaging chemicals from the medical sector due to increasing geriatric population coupled with increased per capita income of the consumers. Furthermore, the high penetration of imaging chemicals in growing textiles and mining industry in the region is likely to spur the market growth.
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North America accounted for the second largest market in 2016 on account of high demand for imaging chemicals from the packaging, medical, and mining industry in the region.
Europe is expected to grow considerably due to high investments in the medical sector for well-established healthcare infrastructure and better access to healthcare services in the region.
Latin America is projected to witness a considerable growth due to highly prospective geology, reduced cost profile, and attractive mining environment.
The Middle East & Africa is expected to witness a significant demand for these chemicals owing to the increasing mining activities in Morocco and Saudi Arabia.
Intended Audience
Imaging Chemicals Manufacturers
Traders and distributors of Imaging Chemicals
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory