The global imaging chemicals and materials market size is expected to witness potential gains in the future, and register a significant CAGR of 6% over the forecast period (2019 - 2027).

Market Overview

Imaging chemicals and materials are used to make newspapers, magazines, and books. These chemicals and materials are also used to make reports, photographs, transparencies, films, currency, and credit cards. There are three main types of printing: offset litho printing, digital printing, and screen printing. Different types of chemicals are used in imaging such as pre-press chemicals, printing inks, fountain solutions, cleaning solvents, adhesives and glues, and dilution solvents. Materials used in imaging include, papers, polymers, paste, duroplastics, and resins.   

Market Dynamics

Major application of imaging chemicals and materials in in the newspaper and printing industry. Therefore, significant growth in the printing industry is expected to boost growth of the global imaging chemicals and materials market. Different chemicals are used for different types of printing. Pre-press chemicals include, n-Hexane, n-Heptane, Toluene (13.6%), Isopropanol, Acetic acid, Ethylene glycol, Xylene, and others.  Printing inks include, soybean oil, Polybutylene terephthalate resin, organic pigment, mineral oil, auxiliaries, toluene, and others.

Imaging is also used in the healthcare sector with equipment such as x-ray and magnetic resonance imaging. Use of isotopes and the energetic particles is common in medical imaging.  X-ray films that are used in radiography contain an emulsion-gelatin consisting radiation sensitive silver halide crystals. Therefore, increasing adoption of imaging technologies in the healthcare sector is also expected to boost growth of the market.

However, increasing impact of chemicals on the environment is expected to hinder the market growth. Key players in the market can focus on developing bio-based chemicals for imaging in order to enhance their market share.   

Market Outlook

Among regions Asia Pacific is expected to account for the major share in the market over the forecast period. This is owing to increasing number of newspaper circulations in countries such as India and China. Moreover, increasing investments in the printing & packaging and textiles industries is also expected to contribute to the market growth. The market in North America is expected to witness significant growth due to increasing use of medical imaging and materials in the U.S.

Key Players

Major players operating in the global imaging chemicals and materials market include, Vivimed Labs, Crysta-Lynn Chemical Company, TechNova Imaging Systems, Synthotex Chemicals Pvt. Ltd., and T&K Toka.

Imaging Chemicals & Materials Market Key Developments: 

  • In March 2017, Fujifilm and Diagnostic Medical Systems Group (DMS) signed two commercial and industrial agreements in medical imaging for Australia, and EMEA region. These agreements helped Fujifilm in attaining a prominent position in the EMEA and Australia imaging chemicals & materials market.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users