Imaging Chemicals Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Imaging Chemicals Market Size

Segmentation Analysis

Printing Inks Hold Largest Share in MarketBy type, printing inks hold the largest share, of 70.0%, in the market, and this category is expected to grow at a significant rate during the forecast period. This is due to their wide range of applications in the coloring of paper, metals, plastics, glass, and textiles.

Moreover, the increasing popularity of digital printing, because it is faster and more efficient than conventional methods, is propelling the growth of this category. The popularity of digital printing is also increasing due to the changing demands of customers.

Growing Packaging Sector Is Increasing Demand for Imaging Chemical

The increasing need for high-quality printing and labeling on packaging materials is directly driving the demand for imaging chemicals. These formulations play a crucial role in good-quality printing by enabling the printing of detailed graphics on packaging, which is essential for brand visibility and consumer appeal. Furthermore, the advancement in the imaging chemical technology contributes to improved print durability, resistance to environmental factors, and adherence to various materials. Hence, companies’ increasing attraction toward colorful packaging and the growing e-commerce sector are aiding the advance of the packaging, thereby increasing the demand for imaging chemicals for packaging.

Printing & Packaging Account for Largest Share

By application, the printing & packaging category holds the largest share of the imaging chemicals market, due to the increasing demand for printing and packaging around the world. Thus, the burgeoning demand for the various chemicals used for this purpose is making the market competitive. For instance, in February 2023, hubergroup Print Solutions launched a line of heat-set and cold-set inks for food-compliant paper packaging, to make the entire process creative and sustainable.

Moreover, the increasing demand for medical image printing is expected to enhance the growth potential of this category. A range of formulations are used in significant volumes for enhancing medical images’ clarity, to enable doctors to better diagnose diseases and treat them accordingly. Thus, the increasing prevalence of chronic diseases that require radiological studies will propel the imaging chemical market over this decade.

In addition, the increasing production of plastic packaging is increasing the demand for these chemicals for printing on such materials. in the same way, the increasing demand for textiles with vivid colors, designs, motifs, and characters is propelling the growth of the market.

North America Holds Largest Share in Global Market

Geographically, North America accounts for the largest share in the market, of 45%, in 2023. This is because of the presence of highly advanced healthcare infrastructure in the region, as well as the rising consumer expenditure on healthcare. Further, in North America, the U.S. generates significant revenue, attributed to the usage of advanced healthcare technologies in the U.S. and increasing research activities in in this sector.

APAC is projected to be the fastest-growing region in the global market during the forecast period. This is because of the growing economy, increasing number of production facilities of imaging chemicals, and rising efforts of the key players to expand their share in this region.

In addition, the robust growth of the packaging industry will be a major driving factor for the APAC market. All industries that require precise labeling to ensure the sale of high-quality goods to customers rely heavily on packaging. Hence, the development of the food & beverage, healthcare, and consumer goods industries has raised the use of these formulations. As a result, it is expected that the rise in the annual spending on packaged food items will drive the demand for printing chemicals throughout the forecast period.

Moreover, the growing awareness of the harmful effects of volatile organic compound (VOC) emissions and the increasing concerns about the presence of heavy metals in printing inks are resulting in the widespread adoption of bio-based and water-borne products across APAC. Additionally, these technologies enable the efficient separation of inks from paper, thereby resulting in improved paper recyclability, which would further augment the demand for bio-based chemicals for food packaging.

The following segments and regions are covered in this report;

Based on Type

• Printing Inks

Based on Application

• Printing & Packaging
• Medical Diagnostics
• Textile Processing

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.

Top Imaging Chemicals Companies