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Lithographic printing chemicals, also known as offset print chemicals, involve chemicals in the printing process is one of the world's most commonly used method of printing. It allows huge amounts to be printed in a shorter period and at much cheaper prices compared with conventional technologies. Present-day lithographic chemicals, include inks, casting solvents, anti-reflection coatings, developers, etc. Lithographic chemicals have progressed and are now collected from synthetic sources. Together with the electronic sector, they have also increased their importance as the simplest communication devices are patterned with resistances, more sophisticated lithographic chemicals.
Lithographic Printing is widely used in high-volume application such as newspapers, magazines, newsletters, etc. owing to its easy-cost design and printing versatility. Advances in the print media industry will speed up the product market stability thus boosting the market growth. The existence of alternatives however limits market growth. It is anticipated that increased use of digital printers, along with reduced consumption for newspapers and magazines, will limit market growth.
Key Market Driver -
Strong growth and demand for print media drives the market.
Key Market Restraint -
Availability of substitutes restraints the market.
Based on type, the market for lithographic printing chemicals is further segmented into fountain solutions, cleaning solutions, and others. Based on application, the market for lithographic printing chemicals is further segmented into publication, packaging, promotion, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global lithographic printing chemicals market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the lithographic printing chemicals market includes T&K TOKA Corporation, Flint Group, DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Wikoff Color Corporation, Sakata Inx Corporation, Tokyo Printing Ink Mfg Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., SICPA Holding SA ,FUJIFILM Holdings America Corporation, and others
In terms of Geography, the lithographic printing chemicals market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output, the Asia-Pacific region dominates the lithographic printing chemicals market. Owing to the region’s lithographic printing print industry, and increasing production of packaging materials and labels using offset technology in Asia Pacific countries will augment the industry growth in the forecast timeframe. North America witnesses a significant growth in the market. This can be attributed to a steady increase in offset printing demand for packaging applications. Europe holds a steady market growth however decreasing print media demand across the globe, which in turn will limit product usage during the forecast timeframe. The Middle East and Africa are predicted to face sluggish growth due to the availability of substitutes. As a result of the limited number of manufacturers slowing down market growth, Latin America is seeing relatively slow growth.
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