The imaging chemicals market is estimated to grow from USD 22.08 Billion in 2017 to USD 29.97 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022. The use of imaging chemicals across various applications, such as printing & packaging, medical diagnostics, and textile processing is driving the market for imaging chemicals, globally.
Expansions, new product launches, and mergers & acquisitions were the strategies adopted by leading players to enhance their presence in the imaging chemicals market between January 2014 and June 2017. Fujifilm (Japan), The Eastman Kodak Company (US), Vivimed Labs (India), DIC Corp. (Japan), Flint Group (Germany), Sakata Inx (Japan), Toyo Ink SC (Japan), Siegwerk Druckfarben (Germany), and T&K Toka (Japan) are some of the leading players operating in the imaging chemicals market.
Flint Group operates through different product segments, such as flexography, gravure, sheetfed, UV offset, news print, heatset, letterpress, UV screen, pigments, and digital. The company has a widespread product portfolio serving its different sets of customers worldwide. It mainly focuses on product launches and product enhancements to strengthen its portfolio. For instance, in 2015, the company opened new facilities in Russia and Sweden. In 2017, it launched new products such as nyloflex FTC Digital, XCURA EVO, and Sheetfed UV Low Migration inks, which have helped the company strengthen its portfolio, and focus on a range of innovative products. Flint Group also focuses on strategic acquisition with key market players to grow in the market.
Siegwerk Druckfarben AG & Co. KGaA offers different variants of printing inks for flexible packaging, tobacco packaging, narrow web, paper and board, print media, sheetfed, and liquid food packaging applications. The company has specialized offerings and focuses on innovations to enhance its product portfolio. Siegwerk focuses on new product development as one of its strategies to enhance its product portfolio. For instance, in 2017, the company launched several products such as ColorTissue, EB offset ink, and PUR inks to make its portfolio unique and versatile. Siegwerk is also focusing on expanding its reach in emerging markets by opening INKube in Asia and inkjet laboratory at its technical center (dedicated to research and development) in France.
Imaging Chemicals Market by Product Type (Printing Inks, Image Developers), Application (Printing & Packaging, Medical Diagnostics, Textile Processing), and Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2022
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