Rising demand for newspapers and magazines in Asia Pacific countries will be the key growth enabler for the lithographic printing chemicals market. In 2017, India had more than 335 thousand paid-for and free dailies in circulation whereas China had around 150 thousand. These two countries have witnessed steady increase in the circulation of dailies in recent years. This trend will have a positive affect on the offset print chemicals market development as the products are extensively used for printing publication materials.
High growth in the packaging industry will also propel the lithographic chemicals market development as the product is used in the printing process of packaging materials, mostly labels. Packaging industry growth has been mostly fueled by increasing international trade and e-commerce activities. The global packaging industry was worth more than USD 800 billion in 2017 driven by high growth in Asia Pacific. The U.S., China, Japan, Germany, and India are the largest packaging markets in the globe. Thus, increasing usage of packaging materials such as labels, cardboard boxes, folding cartons, etc. which are commonly printed using offset technology will propel the industry growth.
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Some of the strategies implemented by the companies to proliferate the growth of lithographic printing chemical market and to enhance their marketplace have been discussed in the paragraphs below:
Printmaking is one of the unusual mediums that allows to develop affordable and desirable production of unique pieces. In regard to this, in recent years, the popularity of culture media has promoted the use of various printmaking process mainly lithographic printing that has been encouraging companies to develop advanced lithographic printing chemical. Recently, the research and innovation hub in nanoelectronics and digital technologies, imec and renowned lithographic equipment developer ASML collaborated to accelerate the adoption of lithography for high volume production.
In addition, they are looking forward to exploring the potential of next-generation lithography for printing smaller nanoscale devices. The joint research entails advanced usage of lithographic printing for manufacturing high resolution and small featured semiconductor devices. A JV such as the aforementioned would help encourage key players in the lithographic printing chemical industry to develop a wide range of products.
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DIC Corporation, SICPA Holding SA, T&K TOKA Corporation, Siegwerk Druckfarben AG & Co., Tokyo Printing Ink Company, Sakata Inx Corporation, etc. are the major companies in the lithographic printing chemicals market. It is a fragmented industry consisting of a large number of product manufacturers. Product development and R&D activities are the key strategies adopted by the players to reinforce their position in the industry.
Lithographic printing chemicals market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:
Lithographic Printing Chemicals Market Product by Application
• Fountain solutions
• Cleaning solutions
Lithographic Printing Chemicals Market by Application
The above information is provided on a regional and country basis for the following:
• North America
• Asia Pacific
o South Korea
• Latin America
o South Africa
o Saudi Arabia
Browse key industry insights spread across 260 pages with 346 market data tables & 28 figures & charts from the report, “Lithographic Printing Chemicals Market” in detail along with the table of contents:
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