Resurgence of Film-based Photography to Boost Demand for Imaging Chemicals Market During Forecast Period 2022-2032

The global Imaging Chemicals market is likely to be valued at US$ 26.94 Billion in FY 2022, up from US$ 25.43 Billion in 2021. During the past year, the industry registered a Y-o-Y increase worth 5.9%. From 2022 to 2032, Imaging Chemicals sales are poised to flourish at a CAGR of 6% to reach a value of US$ 48.2 Billion by the end of 2032.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The report offers actionable and valuable market insights of Imaging Chemicals. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Imaging Chemicals Market across various industries and regions.

Newly released data from the imaging chemicals market analysis shows that global demand for overall imaging chemicals enjoyed a CAGR of nearly 4% from 2016 to 2020. In 2020, the imaging chemicals industry survey revealed a valuation of nearly US$ 24 Bn, which is expected to surpass US$ 34 Bn by 2031. Demand for printing inks is expected to remain especially high, surging at around 6% CAGR through 2031.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Imaging Chemicals market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Imaging Chemicals

This newly published and insightful report sheds light on Market Insights of Imaging Chemicals, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Imaging Chemicals Market.

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Key Market Segments Covered in Study

• Application
  • Imaging Chemicals for Printing & Packaging
  • Imaging Chemicals for Medical Diagnostics
  • Imaging Chemicals for Textile Processing
  • Imaging Chemicals for Other Applications
• Product
  • Imaging Chemical Printing Inks
  • Imaging Chemical Developers
  • Other Imaging Chemical Products

Competitive Landscape

Key imaging chemical suppliers are investing in R&D activities to design new product lines, customized as per industry specifications. Additionally, they also invest in mergers & acquisitions, strategic collaborations and securing regulatory approvals for key products. Some notable developments are as follows:

• In June 2021, ALTANA AG secured a new revolving credit facility from a consortium of eight major banks to further its sustainability agenda. The company availed € 250 million for the next 5 to 7 years in exchange for adhering to stringent ESG processes for key business areas, including imaging chemicals.
• Also, in June 2021, Eastman Kodak Company and West World Paper (WWP) have announced a reseller agreement wherein the latter will become a key supplier of Kodak Commercial Print Solutions throughout Western Canada in forthcoming years.

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Key Takeaways from Market Study

• By product, demand for printing inks to surge at a record 6% CAGR to top US$ 16 Bn by 2031
• Demand for chemical developers to incline at a CAGR of 5% across the forecast period
• By application, medical diagnostics anticipated to account for over 40% revenue by 2031
• The U.S. imaging chemicals market topped US$ 6 Bn in 2020, amid high uptake in diagnostic imaging
• Strong printing & packaging industry to sustain growth across China, expected to top US$ 7 Bn by 2031
• India, Australia, and South Korea to jointly account for nearly US$ 5 Bn by 2031

“Stringent labeling and packaging norms across the industrial printing sector is providing key imaging chemical manufacturers with renewed opportunities to expand their market footprint, prompting the launch of new product lines,” remarks a Fact.MR analyst.

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Report Benefits & Key Questions Answered

• Imaging Chemicals Company & brand share analysis: The report offers brand-share analysis on Imaging Chemicals market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Imaging Chemicals Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Imaging Chemicals Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Imaging Chemicals Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Imaging Chemicals Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Imaging Chemicals: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Imaging Chemicals sales.

More Valuable Insights on Imaging Chemicals Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Imaging Chemicals, Sales and Demand of Imaging Chemicals, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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